Decker Retirement Planning Inc. Purchases 4,889 Shares of GE Vernova Inc. $GEV

Decker Retirement Planning Inc. raised its position in shares of GE Vernova Inc. (NYSE:GEV) by 11,640.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,931 shares of the company’s stock after buying an additional 4,889 shares during the quarter. GE Vernova comprises 1.7% of Decker Retirement Planning Inc.’s portfolio, making the stock its 23rd biggest holding. Decker Retirement Planning Inc.’s holdings in GE Vernova were worth $3,032,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Norges Bank purchased a new stake in GE Vernova during the second quarter valued at $1,809,220,000. Arrowstreet Capital Limited Partnership raised its position in shares of GE Vernova by 273.7% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,508,317 shares of the company’s stock valued at $798,126,000 after buying an additional 1,104,747 shares in the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of GE Vernova by 10,044.9% in the 2nd quarter. Assenagon Asset Management S.A. now owns 842,433 shares of the company’s stock valued at $445,773,000 after acquiring an additional 834,129 shares during the last quarter. Qube Research & Technologies Ltd lifted its holdings in shares of GE Vernova by 771.3% in the 2nd quarter. Qube Research & Technologies Ltd now owns 763,226 shares of the company’s stock valued at $403,861,000 after acquiring an additional 675,629 shares during the last quarter. Finally, Invesco Ltd. grew its position in GE Vernova by 26.3% in the second quarter. Invesco Ltd. now owns 2,217,257 shares of the company’s stock worth $1,173,262,000 after acquiring an additional 462,038 shares in the last quarter.

Wall Street Analysts Forecast Growth

GEV has been the topic of a number of recent research reports. Citigroup upped their price objective on GE Vernova from $658.00 to $708.00 and gave the company a “neutral” rating in a research report on Monday. Morgan Stanley raised their price target on GE Vernova from $710.00 to $822.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 16th. Jefferies Financial Group set a $830.00 price objective on shares of GE Vernova in a research note on Monday, December 22nd. Weiss Ratings reissued a “hold (c)” rating on shares of GE Vernova in a research note on Wednesday, October 8th. Finally, UBS Group raised their target price on shares of GE Vernova from $760.00 to $835.00 and gave the stock a “buy” rating in a report on Wednesday, December 10th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $703.04.

GE Vernova Trading Up 2.8%

Shares of GEV opened at $640.17 on Tuesday. The firm has a market capitalization of $173.69 billion, a P/E ratio of 104.26, a P/E/G ratio of 2.61 and a beta of 1.67. GE Vernova Inc. has a 12-month low of $252.25 and a 12-month high of $731.00. The firm has a fifty day moving average price of $621.72 and a 200-day moving average price of $608.79.

GE Vernova (NYSE:GEV) last posted its quarterly earnings results on Wednesday, October 22nd. The company reported $1.64 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 analysts’ expectations of $9.15 billion. During the same period in the prior year, the business earned ($0.35) EPS. The company’s quarterly revenue was up 11.8% on a year-over-year basis. Analysts predict that GE Vernova Inc. will post 6.59 earnings per share for the current year.

GE Vernova Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, February 2nd. Stockholders of record on Monday, January 5th will be paid a dividend of $0.50 per share. This is a boost from GE Vernova’s previous quarterly dividend of $0.25. This represents a $2.00 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend is Monday, January 5th. GE Vernova’s payout ratio is presently 32.57%.

GE Vernova Company 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.