GE Vernova Inc. $GEV Stock Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC trimmed its position in shares of GE Vernova Inc. (NYSE:GEV) by 5.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,413 shares of the company’s stock after selling 2,066 shares during the quarter. Nisa Investment Advisors LLC’s holdings in GE Vernova were worth $32,709,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in GEV. Diversify Advisory Services LLC raised its position in shares of GE Vernova by 9.5% in the third quarter. Diversify Advisory Services LLC now owns 9,665 shares of the company’s stock worth $8,954,000 after acquiring an additional 840 shares during the period. Petredis Investment Advisors LLC boosted its stake in shares of GE Vernova by 0.5% during the 3rd quarter. Petredis Investment Advisors LLC now owns 13,416 shares of the company’s stock worth $12,752,000 after acquiring an additional 73 shares in the last quarter. Randall & Associates Wealth Management grew its position in shares of GE Vernova by 3.8% during the 3rd quarter. Randall & Associates Wealth Management now owns 570 shares of the company’s stock valued at $542,000 after acquiring an additional 21 shares during the period. Genoa Capital Gestora de Recursos Ltda. acquired a new stake in shares of GE Vernova during the 3rd quarter valued at about $6,384,000. Finally, DUTCH ASSET Corp increased its stake in shares of GE Vernova by 22.7% in the 3rd quarter. DUTCH ASSET Corp now owns 1,783 shares of the company’s stock valued at $1,696,000 after purchasing an additional 330 shares in the last quarter.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on GEV shares. Oppenheimer upped their price target on GE Vernova from $1,303.00 to $1,338.00 and gave the stock an “outperform” rating in a report on Thursday, July 23rd. President Capital increased their price target on GE Vernova from $1,368.00 to $1,398.00 and gave the stock a “buy” rating in a research report on Wednesday, July 29th. Morgan Stanley lowered GE Vernova from an “overweight” rating to an “underweight” rating in a report on Monday, August 3rd. William Blair reissued an “outperform” rating on shares of GE Vernova in a report on Monday, August 3rd. Finally, TD Cowen boosted their price objective on GE Vernova from $1,220.00 to $1,235.00 and gave the company a “buy” rating in a research report on Thursday, July 23rd. Two research analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,164.87.

GE Vernova Stock Performance

NYSE:GEV opened at $888.93 on Wednesday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.62 and a current ratio of 0.85. The stock has a market capitalization of $236.75 billion, a PE ratio of 25.44, a P/E/G ratio of 3.14 and a beta of 1.14. GE Vernova Inc. has a fifty-two week low of $530.16 and a fifty-two week high of $1,195.94. The company has a fifty day moving average of $958.76 and a two-hundred day moving average of $1,002.59.

GE Vernova (NYSE:GEV) last announced its earnings results on Wednesday, July 22nd. The company reported $2.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.17 by ($0.70). The company had revenue of $11.10 billion during the quarter, compared to analyst estimates of $10.79 billion. GE Vernova had a net margin of 23.03% and a return on equity of 42.42%. The firm’s revenue for the quarter was up 21.9% compared to the same quarter last year. During the same quarter last year, the business earned $1.86 EPS. As a group, research analysts forecast that GE Vernova Inc. will post 15.04 earnings per share for the current fiscal year.

GE Vernova Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 24th. Investors of record on Tuesday, October 27th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.2%. The ex-dividend date is Tuesday, October 27th. GE Vernova’s dividend payout ratio is 5.72%.

GE Vernova Profile

GE Vernova Inc (NYSE: GEV) is an energy technology company focused on helping generate, transmit, store and deliver electricity. The company serves utilities, power producers, grid operators, commercial and industrial customers, and other energy-sector participants worldwide.

Its business is organized around three primary areas: Power, Wind and Electrification. Power provides technologies and services for gas and steam power generation, hydropower, nuclear power and other energy systems.