GE Vernova Inc. $GEV Shares Acquired by Ascent Group LLC

Ascent Group LLC increased its position in GE Vernova Inc. (NYSE:GEVFree Report) by 9.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,633 shares of the company’s stock after buying an additional 566 shares during the quarter. Ascent Group LLC’s holdings in GE Vernova were worth $4,335,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Northwest Wealth Management LLC grew its holdings in shares of GE Vernova by 3.6% during the 3rd 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. Traphagen Investment Advisors LLC raised its holdings in GE Vernova by 1.2% in the third quarter. Traphagen Investment Advisors LLC now owns 1,418 shares of the company’s stock valued at $872,000 after buying an additional 17 shares during the period. Navigoe LLC raised its holdings in GE Vernova by 20.2% in the third quarter. Navigoe LLC now owns 101 shares of the company’s stock valued at $62,000 after buying an additional 17 shares during the period. Elevation Wealth Partners LLC lifted its position in GE Vernova by 47.2% during the third quarter. Elevation Wealth Partners LLC now owns 53 shares of the company’s stock valued at $33,000 after buying an additional 17 shares in the last quarter. Finally, Tritonpoint Wealth LLC lifted its position in GE Vernova by 1.7% during the third quarter. Tritonpoint Wealth LLC now owns 994 shares of the company’s stock valued at $611,000 after buying an additional 17 shares in the last quarter.

GE Vernova Price Performance

Shares of GEV stock opened at $898.26 on Friday. The company’s fifty day moving average price is $823.50 and its two-hundred day moving average price is $691.06. The firm has a market capitalization of $242.11 billion, a P/E ratio of 50.46, a P/E/G ratio of 3.54 and a beta of 1.43. GE Vernova Inc. has a 12 month low of $252.25 and a 12 month high of $948.38.

GE Vernova (NYSE:GEVGet Free Report) last announced its earnings results on Wednesday, January 28th. The company reported $13.39 earnings per share (EPS) 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 business had revenue of $10.96 billion for the quarter, compared to analyst estimates of $10.21 billion. During the same period in the previous year, the company earned $1.73 earnings per share. The company’s revenue for the quarter was up 3.8% compared to the same quarter last year. On average, sell-side analysts anticipate that GE Vernova Inc. will post 6.59 EPS for the current year.

GE Vernova Announces Dividend

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 given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend is Tuesday, March 17th. GE Vernova’s dividend payout ratio is presently 11.24%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. 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. Susquehanna lifted their target price on shares of GE Vernova from $800.00 to $820.00 and gave the company a “positive” rating in a report on Thursday, January 29th. Wall Street Zen raised shares of GE Vernova from a “hold” rating to a “buy” rating in a research report on Saturday, January 31st. Evercore increased their price target on GE Vernova from $860.00 to $905.00 and gave the company an “outperform” rating in a report on Thursday, January 29th. Finally, Robert W. Baird set a $923.00 price objective on GE Vernova and gave the company an “outperform” rating in a research report on Wednesday, February 4th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $863.61.

Check Out Our Latest Stock Report on GE Vernova

Key Stories Impacting GE Vernova

Here are the key news stories impacting GE Vernova this week:

About GE Vernova

(Free Report)

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.

See Also

Want to see what other hedge funds are holding GEV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for GE Vernova Inc. (NYSE:GEVFree Report).

Institutional Ownership by Quarter for GE Vernova (NYSE:GEV)

Receive News & Ratings for GE Vernova Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GE Vernova and related companies with MarketBeat.com's FREE daily email newsletter.