Caxton Associates LLP Raises Stock Holdings in GE Vernova Inc. $GEV

Caxton Associates LLP raised its holdings in shares of GE Vernova Inc. (NYSE:GEV) by 766.5% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 21,186 shares of the company’s stock after purchasing an additional 18,741 shares during the quarter. Caxton Associates LLP’s holdings in GE Vernova were worth $11,211,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Brighton Jones LLC grew its position in shares of GE Vernova by 29.4% during the fourth quarter. Brighton Jones LLC now owns 3,315 shares of the company’s stock worth $1,091,000 after buying an additional 753 shares in the last quarter. Sit Investment Associates Inc. acquired a new stake in GE Vernova in the first quarter valued at $1,632,000. Kovitz Investment Group Partners LLC boosted its stake in GE Vernova by 11.5% during the 1st quarter. Kovitz Investment Group Partners LLC now owns 7,170 shares of the company’s stock valued at $2,189,000 after acquiring an additional 737 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in GE Vernova by 2.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 635,640 shares of the company’s stock worth $194,038,000 after acquiring an additional 13,872 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its position in shares of GE Vernova by 29.4% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,629 shares of the company’s stock worth $803,000 after purchasing an additional 598 shares during the last quarter.

GE Vernova Stock Down 4.5%

Shares of GEV stock opened at $672.32 on Friday. The company has a market cap of $182.41 billion, a P/E ratio of 109.50, a PEG ratio of 5.04 and a beta of 1.71. The business has a 50 day moving average of $597.06 and a two-hundred day moving average of $582.82. GE Vernova Inc. has a 52 week low of $252.25 and a 52 week high of $731.00.

GE Vernova (NYSE:GEV) last announced its quarterly earnings results on Wednesday, October 22nd. The company reported $1.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.72 by ($0.08). GE Vernova had a return on equity of 17.07% and a net margin of 4.52%.The company had revenue of $9.97 billion during the quarter, compared to the consensus estimate of $9.15 billion. During the same period last year, the business posted ($0.35) EPS. The company’s revenue for the quarter was up 11.8% on a year-over-year basis. Analysts expect that GE Vernova Inc. will post 6.59 EPS for the current fiscal year.

GE Vernova Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, February 2nd. Stockholders of record on Monday, January 5th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.3%. This is a positive change from GE Vernova’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Monday, January 5th. GE Vernova’s dividend payout ratio is presently 16.29%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on GEV shares. Glj Research upped their target price on shares of GE Vernova from $702.00 to $758.00 and gave the company a “buy” rating in a research note on Wednesday, October 15th. Morgan Stanley boosted their price objective on GE Vernova from $690.00 to $710.00 and gave the company an “overweight” rating in a report on Thursday, October 30th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of GE Vernova in a report on Wednesday, October 8th. Melius upgraded GE Vernova from a “hold” rating to a “buy” rating and set a $740.00 price target for the company in a report on Monday, September 15th. Finally, Barclays upped their price target on GE Vernova from $710.00 to $720.00 and gave the company an “overweight” rating in a research report on Thursday, December 4th. Three research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $654.54.

About GE Vernova

GE Vernova LLC, an energy business company, generates electricity. It operates under three segments: Power, Wind, and Electrification. The Power segments generates and sells electricity through hydro, gas, nuclear, and steam power. Wind segment engages in the manufacturing and sale of wind turbine blades; and Electrification segment provides grid solutions, power conversion, solar, and storage solutions.