Focus Partners Advisor Solutions LLC Buys 1,790 Shares of GE Vernova Inc. $GEV

Focus Partners Advisor Solutions LLC increased its stake in shares of GE Vernova Inc. (NYSE:GEV) by 25.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,778 shares of the company’s stock after buying an additional 1,790 shares during the quarter. Focus Partners Advisor Solutions LLC’s holdings in GE Vernova were worth $5,252,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of GEV. Norges Bank bought a new position in shares of GE Vernova during the second quarter valued at about $1,809,220,000. Arrowstreet Capital Limited Partnership grew its position in GE Vernova by 273.7% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,508,317 shares of the company’s stock worth $798,126,000 after purchasing an additional 1,104,747 shares in the last quarter. Qube Research & Technologies Ltd increased its stake in GE Vernova by 771.3% in the 2nd quarter. Qube Research & Technologies Ltd now owns 763,226 shares of the company’s stock valued at $403,861,000 after buying an additional 675,629 shares during the last quarter. Invesco Ltd. increased its stake in GE Vernova by 26.3% in the 2nd quarter. Invesco Ltd. now owns 2,217,257 shares of the company’s stock valued at $1,173,262,000 after buying an additional 462,038 shares during the last quarter. Finally, Raymond James Financial Inc. lifted its position in shares of GE Vernova by 66.0% during the 2nd quarter. Raymond James Financial Inc. now owns 944,567 shares of the company’s stock worth $499,817,000 after buying an additional 375,677 shares in the last quarter.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on GEV shares. Wall Street Zen raised GE Vernova from a “hold” rating to a “buy” rating in a report on Saturday, January 31st. Susquehanna boosted their price objective on GE Vernova from $800.00 to $820.00 and gave the stock a “positive” rating in a research report on Thursday, January 29th. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of GE Vernova in a research report on Wednesday, December 10th. William Blair reiterated an “outperform” rating on shares of GE Vernova in a research note on Wednesday, December 10th. Finally, Citigroup increased their price target on shares of GE Vernova from $708.00 to $779.00 and gave the company a “neutral” rating in a research report on Thursday, January 29th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $788.24.

GE Vernova Stock Performance

GEV stock opened at $841.95 on Wednesday. The stock has a fifty day moving average of $734.06 and a 200-day moving average of $652.14. GE Vernova Inc. has a fifty-two week low of $252.25 and a fifty-two week high of $894.93. The company has a market capitalization of $226.93 billion, a price-to-earnings ratio of 47.30, a PEG ratio of 3.51 and a beta of 1.45.

GE Vernova (NYSE:GEV) last announced its quarterly earnings data on Wednesday, January 28th. The company reported $13.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.99 by $10.40. The business had revenue of $10.96 billion for the quarter, compared to analysts’ expectations of $10.21 billion. GE Vernova had a return on equity of 46.91% and a net margin of 12.83%.The firm’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same period in the previous year, the business posted $1.73 EPS. Equities analysts predict that GE Vernova Inc. will post 6.59 EPS for the current year.

GE Vernova Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 14th. Investors of record on Tuesday, March 17th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, March 17th. This represents a $2.00 annualized dividend and a yield of 0.2%. GE Vernova’s dividend payout ratio (DPR) is 11.24%.

GE Vernova 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.