GE Vernova Inc. $GEV Stock Acquired by One Way Holdings LLC

One Way Holdings LLC boosted its holdings in GE Vernova Inc. (NYSE:GEV) by 4.7% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 27,933 shares of the company’s stock after purchasing an additional 1,251 shares during the quarter. GE Vernova comprises 1.2% of One Way Holdings LLC’s holdings, making the stock its 28th largest holding. One Way Holdings LLC’s holdings in GE Vernova were worth $26,550,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. B. Metzler seel. Sohn & Co. AG increased its stake in GE Vernova by 37.7% during the 2nd quarter. B. Metzler seel. Sohn & Co. AG now owns 23,080 shares of the company’s stock valued at $27,116,000 after purchasing an additional 6,313 shares in the last quarter. BG Investment Services LLC bought a new position in shares of GE Vernova in the third quarter valued at $3,348,000. Citizens Financial Group Inc. RI acquired a new position in shares of GE Vernova during the second quarter valued at about $8,337,000. Sapient Capital LLC grew its holdings in shares of GE Vernova by 31.4% during the second quarter. Sapient Capital LLC now owns 76,038 shares of the company’s stock valued at $89,372,000 after buying an additional 18,188 shares during the last quarter. Finally, Processus Wealth & Capital Management LLC acquired a new position in shares of GE Vernova during the second quarter valued at about $2,699,000.

GE Vernova Trading Down 0.4%

NYSE:GEV opened at $854.58 on Monday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.62 and a current ratio of 0.83. The firm has a market cap of $226.19 billion, a price-to-earnings ratio of 22.42, a price-to-earnings-growth ratio of 2.91 and a beta of 1.25. GE Vernova Inc. has a 52 week low of $530.16 and a 52 week high of $1,195.94. The firm has a 50-day moving average price of $934.85 and a two-hundred day moving average price of $940.34.

GE Vernova (NYSE:GEV) last announced its earnings results on Wednesday, October 28th. The company reported $4.81 earnings per share for the quarter, topping analysts’ consensus estimates of $4.03 by $0.78. The firm had revenue of $12.64 billion for the quarter, compared to the consensus estimate of $11.99 billion. GE Vernova had a return on equity of 46.50% and a net margin of 23.54%. The company’s revenue was up 26.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.64 EPS. On average, equities analysts expect that GE Vernova Inc. will post 16.05 earnings per share for the current fiscal year.

GE Vernova Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 24th. Stockholders of record on Tuesday, October 27th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, October 27th. This represents a $2.00 annualized dividend and a dividend yield of 0.2%. GE Vernova’s dividend payout ratio (DPR) is currently 5.25%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on GEV shares. Oppenheimer restated an “outperform” rating on shares of GE Vernova in a report on Wednesday. Guggenheim reiterated a “buy” rating and set a $1,450.00 price target on shares of GE Vernova in a research note on Tuesday, October 13th. Royal Bank Of Canada boosted their price objective on GE Vernova from $1,225.00 to $1,230.00 and gave the stock an “outperform” rating in a report on Thursday. Morgan Stanley downgraded GE Vernova from an “overweight” rating to an “underweight” rating in a research note on Monday, August 3rd. Finally, HSBC upgraded GE Vernova from a “hold” rating to a “buy” rating and raised their target price for the company from $1,040.00 to $1,100.00 in a report on Friday. Two investment analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $1,152.53.

About GE Vernova

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.