Blair William & Co. IL Sells 4,685 Shares of GE Vernova Inc. $GEV

Blair William & Co. IL decreased its stake in shares of GE Vernova Inc. (NYSE:GEV) by 0.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 628,121 shares of the company’s stock after selling 4,685 shares during the period. GE Vernova comprises 1.0% of Blair William & Co. IL’s portfolio, making the stock its 15th largest holding. Blair William & Co. IL owned about 0.23% of GE Vernova worth $386,231,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Jackson Grant Investment Advisers Inc. increased its position in shares of GE Vernova by 344.4% during the 3rd 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. Howard Hughes Medical Institute purchased a new stake in GE Vernova during the second quarter valued at approximately $31,000. Bay Harbor Wealth Management LLC raised its position in GE Vernova by 537.5% in the third quarter. Bay Harbor Wealth Management LLC now owns 51 shares of the company’s stock worth $31,000 after acquiring an additional 43 shares during the period. Monetary Management Group Inc. purchased a new position in shares of GE Vernova during the 2nd quarter worth $32,000. Finally, Elevation Wealth Partners LLC grew its position in shares of GE Vernova by 47.2% during the 3rd quarter. Elevation Wealth Partners LLC now owns 53 shares of the company’s stock valued at $33,000 after acquiring an additional 17 shares during the period.

GE Vernova Trading Down 3.1%

Shares of NYSE:GEV opened at $790.00 on Friday. GE Vernova Inc. has a 12 month low of $252.25 and a 12 month high of $894.93. The company has a market capitalization of $212.93 billion, a price-to-earnings ratio of 44.38, a PEG ratio of 3.24 and a beta of 1.45. The firm’s 50-day moving average is $743.08 and its 200 day moving average is $655.74.

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

GE Vernova Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 14th. Shareholders of record on Tuesday, March 17th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 0.3%. The ex-dividend date is Tuesday, March 17th. GE Vernova’s dividend payout ratio is presently 11.24%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on GEV shares. Citigroup lifted their target price on shares of GE Vernova from $708.00 to $779.00 and gave the company a “neutral” rating in a research note on Thursday, January 29th. Barclays reissued an “overweight” rating and set a $849.00 price target on shares of GE Vernova in a report on Monday, February 2nd. William Blair restated an “outperform” rating on shares of GE Vernova in a research report on Wednesday, December 10th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $785.00 price objective on shares of GE Vernova in a research note on Thursday, January 29th. Finally, Weiss Ratings upgraded GE Vernova from a “hold (c)” rating to a “buy (b-)” rating in a research report on Thursday, February 5th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $805.25.

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.