S&CO Inc. Has $8.09 Million Stock Holdings in GE Vernova Inc. $GEV

S&CO Inc. trimmed its position in GE Vernova Inc. (NYSE:GEV) by 11.4% in the third quarter, Holdings Channel.com reports. The institutional investor owned 13,159 shares of the company’s stock after selling 1,700 shares during the period. S&CO Inc.’s holdings in GE Vernova were worth $8,091,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. WFA Asset Management Corp bought a new stake in GE Vernova during the second quarter valued at about $29,000. Howard Hughes Medical Institute acquired a new position in shares of GE Vernova during the 2nd quarter worth about $31,000. Bay Harbor Wealth Management LLC boosted its stake in GE Vernova by 537.5% during the 3rd quarter. Bay Harbor Wealth Management LLC now owns 51 shares of the company’s stock valued at $31,000 after purchasing an additional 43 shares during the period. Monetary Management Group Inc. acquired a new stake in GE Vernova in the 2nd quarter valued at approximately $32,000. Finally, Elevation Wealth Partners LLC increased its position in GE Vernova by 47.2% in the 3rd quarter. Elevation Wealth Partners LLC now owns 53 shares of the company’s stock worth $33,000 after buying an additional 17 shares during the period.

Analysts Set New Price Targets

GEV has been the subject of several research reports. Mizuho set a $714.00 price objective on GE Vernova in a research report on Tuesday, February 3rd. Weiss Ratings raised shares of GE Vernova from a “hold (c)” rating to a “buy (b-)” rating in a report on Thursday. Robert W. Baird set a $923.00 price target on shares of GE Vernova and gave the stock an “outperform” rating in a research report on Wednesday, February 4th. William Blair reaffirmed an “outperform” rating on shares of GE Vernova in a research report on Wednesday, December 10th. Finally, Glj Research lifted their target price on GE Vernova from $758.00 to $1,087.00 and gave the stock a “buy” rating in a research report on Monday, January 12th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $788.24.

GE Vernova Trading Up 2.8%

NYSE GEV opened at $801.25 on Tuesday. GE Vernova Inc. has a 1-year low of $252.25 and a 1-year high of $814.86. The company has a market capitalization of $215.96 billion, a price-to-earnings ratio of 45.01, a PEG ratio of 3.10 and a beta of 1.67. The stock’s 50 day moving average is $674.49 and its two-hundred day moving average is $630.80.

GE Vernova (NYSE:GEV) last posted 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%.GE Vernova’s revenue was up 3.8% on a year-over-year basis. During the same quarter last year, the company earned $1.73 EPS. On average, analysts predict that GE Vernova Inc. will post 6.59 earnings per share for the current year.

GE Vernova Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, February 2nd. Stockholders of record on Monday, January 5th were paid a $0.50 dividend. The ex-dividend date was Monday, January 5th. This represents a $2.00 annualized dividend and a dividend yield of 0.2%. This is a boost from GE Vernova’s previous quarterly dividend of $0.25. 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.