GE Vernova Inc. $GEV Stock Holdings Decreased by Numerai GP LLC

Numerai GP LLC lowered its position in shares of GE Vernova Inc. (NYSE:GEV) by 36.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,116 shares of the company’s stock after selling 2,312 shares during the quarter. Numerai GP LLC’s holdings in GE Vernova were worth $2,531,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in GEV. Jackson Grant Investment Advisers Inc. lifted its holdings in shares of GE Vernova by 344.4% in the third quarter. Jackson Grant Investment Advisers Inc. now owns 40 shares of the company’s stock valued at $25,000 after purchasing an additional 31 shares in the last quarter. Wealth Watch Advisors INC purchased a new position in GE Vernova during the third quarter valued at approximately $25,000. Howard Hughes Medical Institute acquired a new position in GE Vernova in the 2nd quarter valued at approximately $31,000. Bay Harbor Wealth Management LLC increased 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 acquiring an additional 43 shares during the last quarter. Finally, Monetary Management Group Inc. acquired a new position in GE Vernova in the 2nd quarter worth about $32,000.

GE Vernova Stock Performance

NYSE GEV opened at $825.99 on Tuesday. The stock has a 50-day simple moving average of $762.83 and a 200 day simple moving average of $665.47. GE Vernova Inc. has a twelve month low of $252.25 and a twelve month high of $894.93. The stock has a market capitalization of $222.63 billion, a PE ratio of 46.40, a P/E/G ratio of 3.20 and a beta of 1.44.

GE Vernova (NYSE:GEV) last issued its quarterly 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. GE Vernova had a return on equity of 46.91% and a net margin of 12.83%.The company had revenue of $10.96 billion for the quarter, compared to the consensus estimate of $10.21 billion. During the same period in the previous year, the business posted $1.73 EPS. The company’s revenue for the quarter was up 3.8% on a year-over-year basis. As a group, equities research analysts forecast that GE Vernova Inc. will post 6.59 EPS for the current fiscal year.

GE Vernova Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research firms have commented on GEV. Evercore boosted their target price on shares of GE Vernova from $860.00 to $905.00 and gave the stock an “outperform” rating in a research report on Thursday, January 29th. Morgan Stanley reiterated an “overweight” rating and issued a $817.00 price objective on shares of GE Vernova in a report on Monday, January 26th. UBS Group restated a “buy” rating on shares of GE Vernova in a report on Thursday, January 29th. Susquehanna boosted their price target on GE Vernova from $800.00 to $820.00 and gave the stock a “positive” rating in a research report on Thursday, January 29th. Finally, Wells Fargo & Company increased their price objective on GE Vernova from $717.00 to $831.00 and gave the company an “overweight” rating in a report on Tuesday, December 16th. One analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock currently 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.