Headlands Technologies LLC Invests $1.88 Million in GE Vernova Inc. $GEV

Headlands Technologies LLC bought a new stake in GE Vernova Inc. (NYSE:GEV) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 3,553 shares of the company’s stock, valued at approximately $1,880,000.

A number of other large investors have also recently bought and sold shares of GEV. WFA Asset Management Corp purchased a new stake in shares of GE Vernova in the second quarter valued at about $29,000. Howard Hughes Medical Institute acquired a new position in GE Vernova in the 2nd quarter valued at about $31,000. Monetary Management Group Inc. purchased a new stake in GE Vernova during the 2nd quarter valued at approximately $32,000. Highline Wealth Partners LLC raised its stake in GE Vernova by 34.6% during the 2nd quarter. Highline Wealth Partners LLC now owns 70 shares of the company’s stock valued at $37,000 after acquiring an additional 18 shares during the last quarter. Finally, Raleigh Capital Management Inc. acquired a new stake in GE Vernova during the 2nd quarter worth approximately $37,000.

GE Vernova Stock Down 4.5%

Shares of GEV opened at $672.32 on Friday. GE Vernova Inc. has a 52-week low of $252.25 and a 52-week high of $731.00. The company has a 50-day simple moving average of $597.06 and a 200-day simple moving average of $582.82. The company has a market capitalization of $182.41 billion, a PE ratio of 109.50, a P/E/G ratio of 5.04 and a beta of 1.71.

GE Vernova (NYSE:GEV) last issued its earnings results on Wednesday, October 22nd. The company reported $1.64 earnings per share 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 for the quarter, compared to analyst estimates of $9.15 billion. During the same quarter in the previous year, the company posted ($0.35) earnings per share. The company’s quarterly revenue was up 11.8% compared to the same quarter last year. On average, research analysts anticipate that GE Vernova Inc. will post 6.59 EPS for the current year.

GE Vernova Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 2nd. Investors of record on Monday, January 5th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend is Monday, January 5th. This is an increase from GE Vernova’s previous quarterly dividend of $0.25. GE Vernova’s dividend payout ratio (DPR) is 16.29%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on GEV. Wells Fargo & Company boosted their target price on GE Vernova from $697.00 to $717.00 and gave the company an “overweight” rating in a report on Friday, October 24th. Susquehanna lifted their price objective on shares of GE Vernova from $750.00 to $775.00 and gave the company a “positive” rating in a research report on Wednesday. Glj Research upped their price objective on shares of GE Vernova from $702.00 to $758.00 and gave the stock a “buy” rating in a research report on Wednesday, October 15th. BMO Capital Markets lifted their target price on shares of GE Vernova from $710.00 to $780.00 and gave the company an “outperform” rating in a report on Wednesday. Finally, Melius upgraded shares of GE Vernova from a “hold” rating to a “buy” rating and set a $740.00 price target on the stock in a research note on Monday, September 15th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, GE Vernova currently has an average rating of “Moderate Buy” and an average target price of $654.54.

GE Vernova Company Profile

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.