GE Vernova Inc. $GEV is Appleton Partners Inc. MA’s 10th Largest Position

Appleton Partners Inc. MA lowered its stake in GE Vernova Inc. (NYSE:GEV) by 1.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 43,260 shares of the company’s stock after selling 759 shares during the period. GE Vernova makes up approximately 1.9% of Appleton Partners Inc. MA’s holdings, making the stock its 10th largest holding. Appleton Partners Inc. MA’s holdings in GE Vernova were worth $28,273,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of GEV. SG Americas Securities LLC grew its holdings in GE Vernova by 10,288.6% in the 4th quarter. SG Americas Securities LLC now owns 418,661 shares of the company’s stock worth $273,624,000 after acquiring an additional 414,631 shares during the last quarter. Assenagon Asset Management S.A. increased its holdings in GE Vernova by 8.7% during the 4th quarter. Assenagon Asset Management S.A. now owns 9,515 shares of the company’s stock valued at $6,219,000 after purchasing an additional 760 shares during the period. 180 Wealth Advisors LLC increased its holdings in GE Vernova by 16.1% during the 4th quarter. 180 Wealth Advisors LLC now owns 3,409 shares of the company’s stock valued at $2,228,000 after purchasing an additional 473 shares during the period. Marshall Financial Group LLC bought a new position in GE Vernova during the 4th quarter valued at approximately $221,000. Finally, Tactive Advisors LLC raised its position in GE Vernova by 13.6% during the 4th quarter. Tactive Advisors LLC now owns 1,455 shares of the company’s stock valued at $951,000 after purchasing an additional 174 shares during the last quarter.

GE Vernova Stock Up 3.7%

GEV opened at $882.66 on Tuesday. The stock has a market cap of $237.90 billion, a PE ratio of 49.59, a PEG ratio of 3.39 and a beta of 1.44. The business has a 50 day moving average of $784.19 and a 200-day moving average of $674.79. GE Vernova Inc. has a 52 week low of $252.25 and a 52 week high of $920.63.

GE Vernova (NYSE:GEV) last issued its quarterly 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 company had revenue of $10.96 billion for 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 firm’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same period in the prior year, the firm earned $1.73 earnings per share. Equities analysts anticipate that GE Vernova Inc. will post 6.59 EPS for the current year.

GE Vernova Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 14th. Stockholders of record on Tuesday, March 17th will be given a $0.50 dividend. 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 is currently 11.24%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on GEV. Robert W. Baird set a $923.00 price objective on GE Vernova and gave the stock an “outperform” rating in a research report on Wednesday, February 4th. Royal Bank Of Canada raised their price target on GE Vernova from $761.00 to $800.00 and gave the stock an “outperform” rating in a research note on Friday, January 30th. Barclays reiterated an “overweight” rating and issued a $849.00 price target on shares of GE Vernova in a report on Monday, February 2nd. Weiss Ratings raised shares of GE Vernova from a “hold (c)” rating to a “buy (b-)” rating in a research report on Thursday, February 5th. Finally, Jefferies Financial Group restated a “buy” rating and issued a $930.00 price objective on shares of GE Vernova in a report on Thursday, January 29th. One equities 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 stock. Based on data from MarketBeat, GE Vernova currently has an average rating of “Moderate Buy” and an average price target of $837.25.

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.