Florida Financial Advisors LLC Has $1.21 Million Stake in GE Vernova Inc. $GEV

Florida Financial Advisors LLC grew its position in GE Vernova Inc. (NYSE:GEV) by 68.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,963 shares of the company’s stock after buying an additional 801 shares during the quarter. Florida Financial Advisors LLC’s holdings in GE Vernova were worth $1,207,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Synergy Asset Management LLC raised its holdings in GE Vernova by 300.0% during the 3rd quarter. Synergy Asset Management LLC now owns 1,884 shares of the company’s stock valued at $1,078,000 after acquiring an additional 1,413 shares during the period. J.W. Cole Advisors Inc. raised its stake in shares of GE Vernova by 25.3% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 16,247 shares of the company’s stock valued at $9,990,000 after purchasing an additional 3,278 shares during the period. Kercheville Advisors LLC lifted its holdings in GE Vernova by 238.3% during the 3rd quarter. Kercheville Advisors LLC now owns 4,905 shares of the company’s stock worth $3,016,000 after purchasing an additional 3,455 shares in the last quarter. Dupree Financial Group LLC bought a new position in GE Vernova in the 2nd quarter worth about $253,000. Finally, Rakuten Investment Management Inc. purchased a new position in GE Vernova during the 3rd quarter valued at about $18,601,000.

GE Vernova Stock Performance

GEV stock opened at $801.76 on Friday. The company has a market capitalization of $216.10 billion, a PE ratio of 45.04, a price-to-earnings-growth ratio of 3.25 and a beta of 1.67. GE Vernova Inc. has a one year low of $252.25 and a one year high of $846.00. The company’s 50 day moving average price is $689.84 and its two-hundred day moving average price is $635.49.

GE Vernova (NYSE:GEV) last released its earnings results on Wednesday, January 28th. The company reported $13.39 EPS for the quarter, beating the consensus estimate of $2.99 by $10.40. The company had revenue of $10.96 billion for the quarter, compared to analyst estimates of $10.21 billion. GE Vernova had a net margin of 12.83% and a return on equity of 46.91%. The firm’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter last year, the firm earned $1.73 EPS. On average, research analysts predict that GE Vernova Inc. will post 6.59 EPS for the current year.

GE Vernova Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 2nd. Stockholders of record on Monday, January 5th were issued a $0.50 dividend. This is an increase from GE Vernova’s previous quarterly dividend of $0.25. This represents a $2.00 annualized dividend and a dividend yield of 0.2%. The ex-dividend date was Monday, January 5th. GE Vernova’s dividend payout ratio (DPR) is presently 11.24%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on GEV shares. The Goldman Sachs Group raised their price objective on shares of GE Vernova from $840.00 to $925.00 and gave the company a “buy” rating in a research report on Thursday, January 29th. Wolfe Research upgraded shares of GE Vernova from a “peer perform” rating to a “buy” rating in a research report on Wednesday, December 10th. Mizuho set a $714.00 price objective on GE Vernova in a research report on Tuesday, February 3rd. China Renaissance upgraded GE Vernova to a “strong-buy” rating in a research report on Thursday, January 29th. Finally, UBS Group reaffirmed a “buy” rating on shares of GE Vernova in a report on Thursday, January 29th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $788.24.

GE Vernova Company Profile

GE Vernova is the energy-focused company formed from the energy businesses of General Electric and operates as a publicly listed entity on the NYSE under the ticker GEV. It is organized to design, manufacture and service equipment and systems used across the power generation and energy transition value chain, bringing together legacy capabilities in conventional power, renewables and grid technologies under a single corporate platform.

The company’s offerings span large-scale power-generation equipment such as gas and steam turbines and associated generators and controls, as well as renewable energy technologies including onshore and offshore wind platforms and hydro solutions.