Arkadios Wealth Advisors Acquires 1,854 Shares of GE Vernova Inc. $GEV

Arkadios Wealth Advisors grew its holdings in GE Vernova Inc. (NYSE:GEV) by 29.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,181 shares of the company’s stock after acquiring an additional 1,854 shares during the period. Arkadios Wealth Advisors’ holdings in GE Vernova were worth $5,031,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the business. Brighton Jones LLC raised its stake in GE Vernova by 29.4% during the 4th quarter. Brighton Jones LLC now owns 3,315 shares of the company’s stock valued at $1,091,000 after purchasing an additional 753 shares during the period. Wedge Capital Management L L P NC bought a new position in GE Vernova in the 2nd quarter worth approximately $287,000. Sowell Financial Services LLC grew its holdings in GE Vernova by 20.0% during the 2nd quarter. Sowell Financial Services LLC now owns 2,679 shares of the company’s stock valued at $1,418,000 after buying an additional 447 shares in the last quarter. Lewis Asset Management LLC bought a new stake in shares of GE Vernova during the second quarter valued at approximately $208,000. Finally, Farmers & Merchants Investments Inc. raised its position in shares of GE Vernova by 3.5% during the second quarter. Farmers & Merchants Investments Inc. now owns 1,917 shares of the company’s stock valued at $1,014,000 after buying an additional 65 shares during the last quarter.

Analyst Upgrades and Downgrades

GEV has been the subject of a number of research reports. Wells Fargo & Company upped their target price on shares of GE Vernova from $717.00 to $831.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 16th. Citigroup boosted their price target on shares of GE Vernova from $658.00 to $708.00 and gave the stock a “neutral” rating in a research note on Monday, January 12th. Jefferies Financial Group set a $830.00 price objective on shares of GE Vernova in a report on Monday, December 22nd. The Goldman Sachs Group raised their price objective on GE Vernova from $735.00 to $840.00 and gave the company a “buy” rating in a research report on Tuesday, December 16th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $761.00 target price on shares of GE Vernova in a research report on Monday, December 22nd. Three 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 issued a Sell rating to the stock. Based on data from MarketBeat, GE Vernova presently has an average rating of “Moderate Buy” and a consensus price target of $703.04.

GE Vernova Trading Up 0.4%

Shares of NYSE GEV opened at $684.14 on Wednesday. GE Vernova Inc. has a 12-month low of $252.25 and a 12-month high of $731.00. The firm’s 50-day moving average price is $633.67 and its 200-day moving average price is $615.06. The stock has a market capitalization of $185.62 billion, a price-to-earnings ratio of 111.42, a P/E/G ratio of 2.85 and a beta of 1.67.

GE Vernova (NYSE:GEV) last issued its quarterly earnings data 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 the consensus estimate of $9.15 billion. During the same period in the previous year, the firm earned ($0.35) earnings per share. The company’s revenue was up 11.8% compared to the same quarter last year. On average, equities analysts predict that GE Vernova Inc. will post 6.59 EPS for the current fiscal year.

GE Vernova Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, February 2nd. Stockholders of record on Monday, January 5th will be issued a $0.50 dividend. This is a positive change from GE Vernova’s previous quarterly dividend of $0.25. The ex-dividend date is Monday, January 5th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.3%. GE Vernova’s dividend payout ratio (DPR) is presently 32.57%.

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.