GDS Wealth Management Has $13.78 Million Holdings in GE Vernova Inc. $GEV

GDS Wealth Management lifted its stake in shares of GE Vernova Inc. (NYSE:GEV) by 10.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 22,413 shares of the company’s stock after purchasing an additional 2,035 shares during the period. GDS Wealth Management’s holdings in GE Vernova were worth $13,782,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Sachetta LLC lifted its holdings in GE Vernova by 10.7% during the 2nd quarter. Sachetta LLC now owns 165 shares of the company’s stock worth $87,000 after buying an additional 16 shares in the last quarter. Good Life Advisors LLC lifted its stake in shares of GE Vernova by 1.0% during the second quarter. Good Life Advisors LLC now owns 1,654 shares of the company’s stock valued at $875,000 after acquiring an additional 16 shares during the period. Bell Investment Advisors Inc boosted its holdings in GE Vernova by 6.7% in the second quarter. Bell Investment Advisors Inc now owns 256 shares of the company’s stock valued at $135,000 after acquiring an additional 16 shares during the last quarter. Northwest Wealth Management LLC increased its position in GE Vernova by 3.6% in the third quarter. Northwest Wealth Management LLC now owns 465 shares of the company’s stock worth $286,000 after purchasing an additional 16 shares during the period. Finally, AMG National Trust Bank raised its holdings in GE Vernova by 1.5% during the 2nd quarter. AMG National Trust Bank now owns 1,145 shares of the company’s stock worth $606,000 after purchasing an additional 17 shares during the last quarter.

GE Vernova Stock Performance

GEV opened at $657.26 on Friday. The firm’s fifty day moving average is $639.17 and its two-hundred day moving average is $617.23. The firm has a market cap of $178.33 billion, a PE ratio of 107.05, a price-to-earnings-growth ratio of 2.79 and a beta of 1.67. GE Vernova Inc. has a twelve month low of $252.25 and a twelve month 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). The firm had revenue of $9.97 billion during the quarter, compared to analyst estimates of $9.15 billion. GE Vernova had a net margin of 4.52% and a return on equity of 17.07%. GE Vernova’s quarterly revenue was up 11.8% on a year-over-year basis. During the same period last year, the firm earned ($0.35) EPS. Equities analysts forecast that GE Vernova Inc. will post 6.59 EPS for the current fiscal year.

GE Vernova Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 2nd. Shareholders of record on Monday, January 5th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.3%. This is an increase from GE Vernova’s previous quarterly dividend of $0.25. The ex-dividend date is Monday, January 5th. GE Vernova’s dividend payout ratio is currently 32.57%.

Analyst Upgrades and Downgrades

GEV has been the topic of several recent research reports. Robert W. Baird reaffirmed a “neutral” rating and issued a $649.00 target price (down previously from $816.00) on shares of GE Vernova in a research note on Friday, January 9th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of GE Vernova in a research note on Thursday. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of GE Vernova in a research report on Wednesday, December 10th. BMO Capital Markets increased their price target on GE Vernova from $710.00 to $780.00 and gave the company an “outperform” rating in a research note on Wednesday, December 10th. Finally, Oppenheimer upgraded GE Vernova from a “market perform” rating to an “outperform” rating and set a $855.00 price target on the stock in a research report on Wednesday, December 10th. Three research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, six have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, GE Vernova presently has an average rating of “Moderate Buy” and an average price target of $701.62.

About GE Vernova

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.