GE Vernova Inc. $GEV Shares Acquired by Private Advisory Group LLC

Private Advisory Group LLC grew its stake in GE Vernova Inc. (NYSE:GEV) by 93.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,660 shares of the company’s stock after buying an additional 2,733 shares during the period. Private Advisory Group LLC’s holdings in GE Vernova were worth $3,480,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Jackson Grant Investment Advisers Inc. lifted its position in GE Vernova by 344.4% during the 3rd quarter. Jackson Grant Investment Advisers Inc. now owns 40 shares of the company’s stock worth $25,000 after acquiring an additional 31 shares during the period. Howard Hughes Medical Institute acquired a new position in shares of GE Vernova in the second quarter valued at about $31,000. Bay Harbor Wealth Management LLC raised its stake in shares of 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 last quarter. Monetary Management Group Inc. acquired a new stake in shares of GE Vernova during the second quarter worth about $32,000. Finally, Elevation Wealth Partners LLC lifted its holdings in shares of GE Vernova by 47.2% during the third quarter. Elevation Wealth Partners LLC now owns 53 shares of the company’s stock worth $33,000 after purchasing an additional 17 shares during the period.

GE Vernova Stock Performance

GEV opened at $829.65 on Monday. The company has a fifty day moving average of $704.97 and a two-hundred day moving average of $641.07. The stock has a market capitalization of $223.62 billion, a price-to-earnings ratio of 46.61, a PEG ratio of 3.30 and a beta of 1.67. GE Vernova Inc. has a fifty-two week low of $252.25 and a fifty-two week high of $846.00.

GE Vernova (NYSE:GEV) last posted its earnings results on Wednesday, January 28th. The company reported $13.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.99 by $10.40. GE Vernova had a net margin of 12.83% and a return on equity of 46.91%. The business had revenue of $10.96 billion for the quarter, compared to analyst estimates of $10.21 billion. During the same period in the prior year, the company posted $1.73 EPS. The company’s revenue for the quarter was up 3.8% on a year-over-year basis. On average, equities research analysts forecast that GE Vernova Inc. will post 6.59 earnings per share for the current year.

GE Vernova Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 14th. Shareholders of record on Tuesday, March 17th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Tuesday, March 17th. GE Vernova’s dividend payout ratio (DPR) is presently 11.24%.

Wall Street Analyst Weigh In

GEV has been the topic of several research reports. China Renaissance upgraded shares of GE Vernova to a “strong-buy” rating in a report on Thursday, January 29th. Weiss Ratings upgraded shares of GE Vernova from a “hold (c)” rating to a “buy (b-)” rating in a research note on Thursday, February 5th. The Goldman Sachs Group raised their target price on shares of GE Vernova from $840.00 to $925.00 and gave the stock a “buy” rating in a report on Thursday, January 29th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $785.00 price target on shares of GE Vernova in a report on Thursday, January 29th. Finally, Evercore increased their price target on GE Vernova from $860.00 to $905.00 and gave the stock an “outperform” rating in a research report on Thursday, January 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $788.24.

GE Vernova Company 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.