GE Vernova Inc. $GEV Holdings Raised by Ervin Investment Management LLC

Ervin Investment Management LLC grew its stake in shares of GE Vernova Inc. (NYSE:GEV) by 288.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,136 shares of the company’s stock after purchasing an additional 1,586 shares during the period. GE Vernova comprises about 0.7% of Ervin Investment Management LLC’s holdings, making the stock its 22nd biggest holding. Ervin Investment Management LLC’s holdings in GE Vernova were worth $1,463,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Jackson Grant Investment Advisers Inc. lifted its holdings in shares of GE Vernova by 344.4% during the third quarter. Jackson Grant Investment Advisers Inc. now owns 40 shares of the company’s stock valued at $25,000 after purchasing an additional 31 shares during the last quarter. Wealth Watch Advisors INC purchased a new stake in shares of GE Vernova during the third quarter valued at $25,000. ORG Wealth Partners LLC lifted its holdings in shares of GE Vernova by 241.7% during the fourth quarter. ORG Wealth Partners LLC now owns 41 shares of the company’s stock valued at $27,000 after purchasing an additional 29 shares during the last quarter. Bay Harbor Wealth Management LLC lifted its holdings in shares of GE Vernova by 537.5% during the third quarter. Bay Harbor Wealth Management LLC now owns 51 shares of the company’s stock valued at $31,000 after purchasing an additional 43 shares during the last quarter. Finally, Monetary Management Group Inc. purchased a new stake in shares of GE Vernova during the second quarter valued at $32,000.

GE Vernova Trading Up 1.5%

Shares of GE Vernova stock opened at $910.41 on Wednesday. The stock has a 50-day moving average price of $832.45 and a 200 day moving average price of $695.60. The company has a market cap of $245.38 billion, a P/E ratio of 51.15, a P/E/G ratio of 3.54 and a beta of 1.43. GE Vernova Inc. has a 1 year low of $279.57 and a 1 year high of $948.38.

GE Vernova (NYSE:GEV) last posted its quarterly earnings results on Wednesday, January 28th. The company reported $13.39 earnings per share for the quarter, topping analysts’ consensus estimates of $2.99 by $10.40. GE Vernova had a return on equity of 46.91% and a net margin of 12.83%.The company had revenue of $10.96 billion during the quarter, compared to the consensus estimate of $10.21 billion. During the same period last year, the business earned $1.73 EPS. The business’s quarterly revenue was up 3.8% on a year-over-year basis. On average, equities analysts forecast that GE Vernova Inc. will post 6.59 earnings per share for the current fiscal year.

GE Vernova Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 14th. Stockholders of record on Tuesday, March 17th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, March 17th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.2%. GE Vernova’s dividend payout ratio (DPR) is 11.24%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on GEV. Weiss Ratings raised GE Vernova from a “hold (c)” rating to a “buy (b-)” rating in a research note on Thursday, February 5th. Rothschild & Co Redburn raised GE Vernova from a “sell” rating to a “buy” rating and increased their price objective for the stock from $560.00 to $1,100.00 in a research note on Monday, March 9th. UBS Group reissued a “buy” rating on shares of GE Vernova in a research note on Thursday, January 29th. Royal Bank Of Canada increased their price objective on GE Vernova from $761.00 to $800.00 and gave the stock an “outperform” rating in a research note on Friday, January 30th. Finally, Oppenheimer reissued an “outperform” rating on shares of GE Vernova in a research note on Thursday, January 29th. Three analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $863.61.

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.