GE Vernova Inc. $GEV Shares Sold by Asio Capital LLC

Asio Capital LLC cut its position in shares of GE Vernova Inc. (NYSE:GEV) by 21.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,614 shares of the company’s stock after selling 3,537 shares during the quarter. GE Vernova comprises 1.2% of Asio Capital LLC’s portfolio, making the stock its 23rd biggest position. Asio Capital LLC’s holdings in GE Vernova were worth $8,244,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Jackson Grant Investment Advisers Inc. grew its stake in GE Vernova by 344.4% during the third quarter. Jackson Grant Investment Advisers Inc. now owns 40 shares of the company’s stock worth $25,000 after buying an additional 31 shares during the period. Wealth Watch Advisors INC purchased a new stake in GE Vernova during the third quarter worth approximately $25,000. ORG Wealth Partners LLC grew its stake in GE Vernova by 241.7% during the fourth quarter. ORG Wealth Partners LLC now owns 41 shares of the company’s stock worth $27,000 after buying an additional 29 shares during the period. Bay Harbor Wealth Management LLC lifted its stake 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 worth $31,000 after purchasing an additional 43 shares in the last quarter. Finally, Elevation Wealth Partners LLC lifted its stake in shares of GE Vernova by 47.2% during the third quarter. Elevation Wealth Partners LLC now owns 53 shares of the company’s stock worth $33,000 after purchasing an additional 17 shares in the last quarter.

Analyst Ratings Changes

A number of research analysts have commented on the company. Royal Bank Of Canada boosted 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. JPMorgan Chase & Co. restated an “overweight” rating on shares of GE Vernova in a research note on Wednesday, December 10th. Glj Research boosted their price objective on GE Vernova from $758.00 to $1,087.00 and gave the stock a “buy” rating in a research note on Monday, January 12th. Citigroup lifted their price objective 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. Finally, TD Cowen lifted their price objective on shares of GE Vernova from $680.00 to $780.00 and gave the company a “buy” rating 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 stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $863.61.

GE Vernova Price Performance

Shares of GE Vernova stock opened at $910.41 on Wednesday. The business has a 50-day moving average of $832.45 and a 200-day moving average of $695.60. The company has a market capitalization of $245.38 billion, a PE 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 announced its earnings results on Wednesday, January 28th. The company reported $13.39 earnings per share for the quarter, beating the consensus estimate of $2.99 by $10.40. The company had revenue of $10.96 billion during the quarter, compared to the consensus estimate of $10.21 billion. GE Vernova had a return on equity of 46.91% and a net margin of 12.83%.The company’s revenue was up 3.8% on a year-over-year basis. During the same period last year, the firm earned $1.73 earnings per share. On average, equities analysts expect that GE Vernova Inc. will post 6.59 earnings per share 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. Stockholders of record on Tuesday, March 17th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.2%. The ex-dividend date is Tuesday, March 17th. GE Vernova’s dividend payout ratio is 11.24%.

GE Vernova Company 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.