PFG Advisors Acquires 836 Shares of GE Vernova Inc. $GEV

PFG Advisors boosted its holdings in GE Vernova Inc. (NYSE:GEV) by 15.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,132 shares of the company’s stock after purchasing an additional 836 shares during the period. PFG Advisors’ holdings in GE Vernova were worth $3,770,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of GEV. Synergy Asset Management LLC grew its holdings in GE Vernova by 300.0% during the third quarter. Synergy Asset Management LLC now owns 1,884 shares of the company’s stock valued at $1,078,000 after purchasing an additional 1,413 shares during the period. J.W. Cole Advisors Inc. raised its stake in shares of GE Vernova by 25.3% in the third quarter. J.W. Cole Advisors Inc. now owns 16,247 shares of the company’s stock valued at $9,990,000 after buying an additional 3,278 shares during the period. Kercheville Advisors LLC raised its stake in shares of GE Vernova by 238.3% in the third quarter. Kercheville Advisors LLC now owns 4,905 shares of the company’s stock valued at $3,016,000 after buying an additional 3,455 shares during the period. Rakuten Investment Management Inc. purchased a new position in shares of GE Vernova during the 3rd quarter valued at $18,601,000. Finally, US Bancorp DE lifted its position in shares of GE Vernova by 2.2% during the 3rd quarter. US Bancorp DE now owns 100,542 shares of the company’s stock valued at $61,824,000 after buying an additional 2,163 shares during the last quarter.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on GEV shares. The Goldman Sachs Group lifted their price objective on GE Vernova from $840.00 to $925.00 and gave the stock a “buy” rating in a report on Thursday, January 29th. Wolfe Research raised shares of GE Vernova from a “peer perform” rating to a “buy” rating in a report on Wednesday, December 10th. Morgan Stanley reiterated an “overweight” rating and set a $817.00 target price on shares of GE Vernova in a research report on Monday, January 26th. William Blair reiterated an “outperform” rating on shares of GE Vernova in a research note on Wednesday, December 10th. Finally, Glj Research boosted their price target on shares of GE Vernova from $758.00 to $1,087.00 and gave the company a “buy” rating in a research report on Monday, January 12th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $831.29.

GE Vernova Stock Performance

NYSE:GEV opened at $829.66 on Tuesday. GE Vernova Inc. has a 52-week low of $252.25 and a 52-week high of $894.93. The firm has a market cap of $223.62 billion, a price-to-earnings ratio of 46.61, a PEG ratio of 3.14 and a beta of 1.44. The business’s fifty day moving average is $746.41 and its 200 day moving average is $658.06.

GE Vernova (NYSE:GEV) last issued its earnings results on Wednesday, January 28th. The company reported $13.39 EPS for the quarter, topping the consensus estimate of $2.99 by $10.40. The business had revenue of $10.96 billion during 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 revenue was up 3.8% compared to the same quarter last year. During the same quarter last year, the company earned $1.73 EPS. Equities analysts predict that GE Vernova Inc. will post 6.59 EPS for the current fiscal year.

GE Vernova Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 14th. Stockholders of record on Tuesday, March 17th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend is Tuesday, March 17th. GE Vernova’s dividend payout ratio is presently 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.