Mariner LLC Grows Stock Position in GE Vernova Inc. $GEV

Mariner LLC lifted its stake in GE Vernova Inc. (NYSE:GEV) by 8.8% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 463,346 shares of the company’s stock after purchasing an additional 37,396 shares during the quarter. Mariner LLC owned about 0.17% of GE Vernova worth $284,852,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Jackson Grant Investment Advisers Inc. lifted its stake in GE Vernova by 344.4% during the 3rd quarter. Jackson Grant Investment Advisers Inc. now owns 40 shares of the company’s stock valued at $25,000 after acquiring an additional 31 shares during the period. Wealth Watch Advisors INC purchased a new stake in shares of GE Vernova during the 3rd quarter worth about $25,000. Howard Hughes Medical Institute purchased a new stake in GE Vernova in the 2nd quarter worth $31,000. Bay Harbor Wealth Management LLC increased its stake in shares of GE Vernova by 537.5% during 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 in the last quarter. Finally, Monetary Management Group Inc. acquired a new position in shares of GE Vernova during the second quarter valued at approximately $32,000.

GE Vernova Price Performance

GEV stock opened at $825.99 on Tuesday. GE Vernova Inc. has a 1 year low of $252.25 and a 1 year high of $894.93. The firm has a market capitalization of $222.63 billion, a PE ratio of 46.40, a price-to-earnings-growth ratio of 3.20 and a beta of 1.44. The business has a 50 day simple moving average of $762.83 and a 200-day simple moving average of $665.47.

GE Vernova (NYSE:GEV) last announced its quarterly earnings data on Wednesday, January 28th. The company reported $13.39 EPS for the quarter, topping analysts’ consensus estimates of $2.99 by $10.40. The firm had revenue of $10.96 billion for 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 business posted $1.73 earnings per share. On average, equities research analysts expect that GE Vernova Inc. will post 6.59 EPS for the current year.

GE Vernova Dividend Announcement

The business 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 dividend of $0.50 per share. 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 payout ratio is currently 11.24%.

Analyst Upgrades and Downgrades

GEV has been the topic of several research reports. Wells Fargo & Company raised their target price on GE Vernova from $717.00 to $831.00 and gave the company an “overweight” rating in a research report on Tuesday, December 16th. BMO Capital Markets reissued an “outperform” rating and issued a $785.00 price objective on shares of GE Vernova in a research note on Thursday, January 29th. Mizuho set a $714.00 price objective on GE Vernova in a report on Tuesday, February 3rd. Royal Bank Of Canada lifted their target price on shares of GE Vernova from $761.00 to $800.00 and gave the stock an “outperform” rating in a research note on Friday, January 30th. Finally, Glj Research upped their target price on shares of GE Vernova from $758.00 to $1,087.00 and gave the stock a “buy” rating in a report on Monday, January 12th. One research analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, GE Vernova presently has an average rating of “Moderate Buy” and a consensus target price of $831.29.

About GE Vernova

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.