Bender Robert & Associates Makes New $647,000 Investment in GE Vernova Inc. $GEV

Bender Robert & Associates purchased a new position in GE Vernova Inc. (NYSE:GEV) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,053 shares of the company’s stock, valued at approximately $647,000.

A number of other large investors have also modified their holdings of GEV. Robeco Institutional Asset Management B.V. raised its stake in shares of GE Vernova by 55.7% in the third quarter. Robeco Institutional Asset Management B.V. now owns 469,863 shares of the company’s stock valued at $288,919,000 after acquiring an additional 168,157 shares in the last quarter. KG&L Capital Management LLC purchased a new stake in GE Vernova during the 3rd quarter worth about $378,000. D.A. Davidson & CO. increased its holdings in GE Vernova by 58.3% during the 3rd quarter. D.A. Davidson & CO. now owns 12,721 shares of the company’s stock worth $7,822,000 after purchasing an additional 4,685 shares during the period. CWA Asset Management Group LLC raised its position in GE Vernova by 50.1% in the 3rd quarter. CWA Asset Management Group LLC now owns 3,630 shares of the company’s stock valued at $2,232,000 after purchasing an additional 1,211 shares in the last quarter. Finally, OLD Second National Bank of Aurora boosted its stake in shares of GE Vernova by 218.8% in the 3rd quarter. OLD Second National Bank of Aurora now owns 204 shares of the company’s stock valued at $125,000 after buying an additional 140 shares during the period.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on GEV. Evercore ISI initiated coverage on shares of GE Vernova in a research note on Monday, December 15th. They set an “outperform” rating and a $860.00 target price on the stock. Rothschild Redb cut shares of GE Vernova from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 15th. Royal Bank Of Canada reiterated an “outperform” rating and set a $761.00 target price on shares of GE Vernova in a research note on Monday, December 22nd. JPMorgan Chase & Co. restated an “overweight” rating on shares of GE Vernova in a research note on Wednesday, December 10th. Finally, Melius raised 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. Four research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, six have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $691.11.

GE Vernova Price Performance

Shares of GEV opened at $680.46 on Tuesday. GE Vernova Inc. has a 1-year low of $252.25 and a 1-year high of $731.00. The stock has a market cap of $184.62 billion, a PE ratio of 110.82, a price-to-earnings-growth ratio of 2.85 and a beta of 1.67. The firm has a fifty day moving average price of $614.72 and a 200 day moving average price of $603.62.

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

GE Vernova Increases Dividend

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

GE Vernova 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.