GE Vernova Inc. $GEV Position Boosted by Savant Capital LLC

Savant Capital LLC lifted its holdings in GE Vernova Inc. (NYSE:GEV) by 5.9% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 19,836 shares of the company’s stock after purchasing an additional 1,103 shares during the quarter. Savant Capital LLC’s holdings in GE Vernova were worth $12,197,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Bay Harbor Wealth Management LLC lifted its position in GE Vernova by 537.5% in the third quarter. Bay Harbor Wealth Management LLC now owns 51 shares of the company’s stock worth $31,000 after purchasing an additional 43 shares during the period. Elevation Wealth Partners LLC lifted its holdings in shares of GE Vernova by 47.2% in the third quarter. Elevation Wealth Partners LLC now owns 53 shares of the company’s stock valued at $33,000 after buying an additional 17 shares during the period. Deseret Mutual Benefit Administrators lifted its holdings in shares of GE Vernova by 112.0% in the third quarter. Deseret Mutual Benefit Administrators now owns 53 shares of the company’s stock valued at $33,000 after buying an additional 28 shares during the period. WFA Asset Management Corp bought a new position in GE Vernova during the second quarter valued at about $29,000. Finally, Howard Hughes Medical Institute acquired a new position in GE Vernova during the second quarter worth about $31,000.

Analysts Set New Price Targets

A number of brokerages have weighed in on GEV. Barclays reissued an “overweight” rating and issued a $849.00 price target on shares of GE Vernova in a report on Monday. Bank of America increased their target price on shares of GE Vernova from $725.00 to $804.00 and gave the company a “buy” rating in a research note on Wednesday, December 10th. Jefferies Financial Group restated a “buy” rating and issued a $930.00 price target on shares of GE Vernova in a research report on Thursday, January 29th. Oppenheimer reiterated an “outperform” rating on shares of GE Vernova in a research report on Thursday, January 29th. Finally, BMO Capital Markets reissued an “outperform” rating and set a $785.00 price objective on shares of GE Vernova in a research note on Thursday, January 29th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, GE Vernova has a consensus rating of “Moderate Buy” and an average target price of $763.19.

More GE Vernova News

Here are the key news stories impacting GE Vernova this week:

• Positive Sentiment: Baird upgraded GEV from Hold to Strong-Buy, saying overcapacity concerns look less likely — that upgrade is driving bullish analyst sentiment and likely lifted the stock. Baird upgrades GE Vernova
• Positive Sentiment: Market reaction: coverage notes GEV shares were trading notably higher following the Baird upgrade, indicating the upgrade had immediate impact on investor demand. GE Vernova Trading Higher After Upgrade
• Positive Sentiment: Business momentum: analysts and media point to rising data-center orders and a growing backlog (reported backlog ~$150B) as drivers of longer-term revenue visibility and demand for GEV’s power equipment. Fool: Energy Stock Momentum
• Neutral Sentiment: GEV completed a $2.6B multi‑tranche senior notes offering (various coupons) and says net proceeds will be used for general corporate purposes, including financing the acquisition of the remaining 50% of Prolec GE — this funds a strategic bolt-on but increases debt levels. BusinessWire: Senior Notes Offering

GE Vernova Stock Down 4.5%

Shares of GE Vernova stock opened at $745.37 on Thursday. The business has a fifty day simple moving average of $663.44 and a 200-day simple moving average of $626.75. The stock has a market cap of $200.90 billion, a PE ratio of 41.87, a price-to-earnings-growth ratio of 3.14 and a beta of 1.67. GE Vernova Inc. has a 12 month low of $252.25 and a 12 month high of $795.50.

GE Vernova (NYSE:GEV) last issued its earnings results on Wednesday, January 28th. The company reported $13.39 earnings per share for the quarter, beating analysts’ consensus estimates of $2.99 by $10.40. The company had revenue of $10.96 billion for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.73 EPS. Analysts expect that GE Vernova Inc. will post 6.59 EPS for the current fiscal year.

GE Vernova Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, February 2nd. Stockholders of record on Monday, January 5th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.3%. This is a boost from GE Vernova’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Monday, January 5th. GE Vernova’s dividend payout ratio (DPR) is currently 11.24%.

About GE Vernova

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.