Ausdal Financial Partners Inc. Purchases 849 Shares of GE Vernova Inc. $GEV

Ausdal Financial Partners Inc. increased its holdings in shares of GE Vernova Inc. (NYSE:GEV) by 54.7% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 2,401 shares of the company’s stock after purchasing an additional 849 shares during the period. Ausdal Financial Partners Inc.’s holdings in GE Vernova were worth $1,477,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Aventail Capital Group LP bought a new stake in GE Vernova in the third quarter valued at approximately $10,128,000. Banco Bilbao Vizcaya Argentaria S.A. lifted its position in shares of GE Vernova by 236.1% in the third quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 17,170 shares of the company’s stock valued at $10,506,000 after buying an additional 12,061 shares during the last quarter. California Public Employees Retirement System boosted its stake in shares of GE Vernova by 2.8% during the 3rd quarter. California Public Employees Retirement System now owns 471,819 shares of the company’s stock worth $290,122,000 after acquiring an additional 12,803 shares during the period. Chilton Investment Co. Inc. bought a new position in shares of GE Vernova during the 3rd quarter worth approximately $805,000. Finally, Bank of Nova Scotia increased its holdings in shares of GE Vernova by 179.7% during the 3rd quarter. Bank of Nova Scotia now owns 165,059 shares of the company’s stock worth $101,495,000 after acquiring an additional 106,038 shares during the last quarter.

Wall Street Analysts Forecast Growth

GEV has been the topic of a number of research analyst reports. Susquehanna increased their price target on GE Vernova from $800.00 to $820.00 and gave the company a “positive” rating in a research note on Thursday, January 29th. Wells Fargo & Company lifted their price objective 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. Oppenheimer reiterated an “outperform” rating on shares of GE Vernova in a report on Thursday, January 29th. Erste Group Bank started coverage on shares of GE Vernova in a research report on Thursday, March 5th. They issued a “buy” rating on the stock. Finally, Wolfe Research upgraded shares of GE Vernova from a “peer perform” rating to a “buy” rating in a research note on Wednesday, December 10th. One research analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $831.29.

GE Vernova Price Performance

Shares of NYSE GEV opened at $825.99 on Tuesday. The business has a fifty day moving average price of $762.83 and a two-hundred day moving average price of $665.47. The stock has a market capitalization of $222.63 billion, a PE ratio of 46.40, a P/E/G ratio of 3.20 and a beta of 1.44. GE Vernova Inc. has a fifty-two week low of $252.25 and a fifty-two week high of $894.93.

GE Vernova (NYSE:GEV) last released its earnings results on Wednesday, January 28th. The company reported $13.39 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $10.21 billion. During the same period in the prior year, the firm posted $1.73 EPS. GE Vernova’s quarterly revenue was up 3.8% on a year-over-year basis. On average, equities analysts expect that GE Vernova Inc. will post 6.59 EPS for the current year.

GE Vernova Dividend Announcement

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

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.