GE Vernova Inc. $GEV Holdings Raised by Xponance Inc.

Xponance Inc. lifted its position in shares of GE Vernova Inc. (NYSE:GEV) by 1.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 65,614 shares of the company’s stock after acquiring an additional 855 shares during the period. Xponance Inc.’s holdings in GE Vernova were worth $40,346,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Synergy Asset Management LLC increased its holdings in shares of GE Vernova by 300.0% in the 3rd quarter. Synergy Asset Management LLC now owns 1,884 shares of the company’s stock worth $1,078,000 after acquiring an additional 1,413 shares during the period. J.W. Cole Advisors Inc. grew its position in GE Vernova by 25.3% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 16,247 shares of the company’s stock worth $9,990,000 after purchasing an additional 3,278 shares during the last quarter. Kercheville Advisors LLC grew its position in GE Vernova by 238.3% in the 3rd quarter. Kercheville Advisors LLC now owns 4,905 shares of the company’s stock worth $3,016,000 after purchasing an additional 3,455 shares during the last quarter. Rakuten Investment Management Inc. acquired a new stake in shares of GE Vernova in the third quarter valued at approximately $18,601,000. Finally, Vanguard Group Inc. raised its holdings in shares of GE Vernova by 0.6% during the third quarter. Vanguard Group Inc. now owns 24,815,463 shares of the company’s stock valued at $15,259,028,000 after buying an additional 150,892 shares during the last quarter.

Analyst Ratings Changes

Several analysts have weighed in on the company. China Renaissance raised GE Vernova to a “strong-buy” rating in a research note on Thursday, January 29th. Wells Fargo & Company lifted their price objective on shares of GE Vernova from $717.00 to $831.00 and gave the company an “overweight” rating in a research note on Tuesday, December 16th. Wall Street Zen raised shares of GE Vernova from a “hold” rating to a “buy” rating in a report on Saturday, January 31st. UBS Group restated a “buy” rating on shares of GE Vernova in a research report on Thursday, January 29th. Finally, Barclays reiterated an “overweight” rating and issued a $849.00 price objective on shares of GE Vernova in a report on Monday, February 2nd. One analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $788.24.

GE Vernova Stock Down 0.0%

Shares of GE Vernova stock opened at $875.63 on Friday. GE Vernova Inc. has a 12-month low of $252.25 and a 12-month high of $894.93. The firm has a market capitalization of $236.01 billion, a PE ratio of 49.19, a price-to-earnings-growth ratio of 3.49 and a beta of 1.67. The stock’s fifty day moving average is $721.73 and its 200-day moving average is $647.20.

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

GE Vernova Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 14th. Investors of record on Tuesday, March 17th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.2%. The ex-dividend date is Tuesday, March 17th. GE Vernova’s dividend payout ratio is 11.24%.

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.