Sanders Morris Harris LLC Purchases Shares of 1,992 GE Vernova Inc. $GEV

Sanders Morris Harris LLC acquired a new position in shares of GE Vernova Inc. (NYSE:GEV) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 1,992 shares of the company’s stock, valued at approximately $1,225,000.

Other hedge funds also recently modified their holdings of the company. Sachetta LLC boosted its stake in GE Vernova by 10.7% during the second quarter. Sachetta LLC now owns 165 shares of the company’s stock worth $87,000 after acquiring an additional 16 shares in the last quarter. Good Life Advisors LLC raised its holdings in shares of GE Vernova by 1.0% during the second quarter. Good Life Advisors LLC now owns 1,654 shares of the company’s stock valued at $875,000 after purchasing an additional 16 shares during the period. Bell Investment Advisors Inc boosted its position in shares of GE Vernova by 6.7% during the 2nd quarter. Bell Investment Advisors Inc now owns 256 shares of the company’s stock worth $135,000 after purchasing an additional 16 shares in the last quarter. AMG National Trust Bank boosted its position in shares of GE Vernova by 1.5% during the 2nd quarter. AMG National Trust Bank now owns 1,145 shares of the company’s stock worth $606,000 after purchasing an additional 17 shares in the last quarter. Finally, Graney & King LLC grew its stake in shares of GE Vernova by 2.4% in the 2nd quarter. Graney & King LLC now owns 722 shares of the company’s stock valued at $382,000 after buying an additional 17 shares during the period.

GE Vernova Trading Up 0.7%

Shares of GE Vernova stock opened at $686.35 on Wednesday. The company has a market capitalization of $186.22 billion, a P/E ratio of 111.78, a price-to-earnings-growth ratio of 5.20 and a beta of 1.71. The stock has a fifty day simple moving average of $600.25 and a 200 day simple moving average of $586.50. GE Vernova Inc. has a 12-month low of $252.25 and a 12-month high of $731.00.

GE Vernova (NYSE:GEV) last issued its quarterly earnings data on Wednesday, October 22nd. The company reported $1.64 earnings per share for the quarter, missing the consensus estimate of $1.72 by ($0.08). GE Vernova had a net margin of 4.52% and a return on equity of 17.07%. The company had revenue of $9.97 billion for the quarter, compared to the consensus estimate of $9.15 billion. During the same quarter last year, the business posted ($0.35) earnings per share. GE Vernova’s revenue was up 11.8% on a year-over-year basis. On average, analysts predict that GE Vernova Inc. will post 6.59 EPS for the current year.

GE Vernova Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, February 2nd. Investors of record on Monday, January 5th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 0.3%. This is a boost from GE Vernova’s previous quarterly dividend of $0.25. The ex-dividend date is Monday, January 5th. GE Vernova’s dividend payout ratio is presently 16.29%.

Analyst Upgrades and Downgrades

GEV has been the topic of a number of research reports. Morgan Stanley reaffirmed an “overweight” rating and set a $822.00 price target on shares of GE Vernova in a research note on Tuesday. JPMorgan Chase & Co. restated an “overweight” rating on shares of GE Vernova in a report on Wednesday, December 10th. Jefferies Financial Group reiterated a “hold” rating and issued a $654.00 target price on shares of GE Vernova in a report on Monday, October 27th. BMO Capital Markets lifted their price target on shares of GE Vernova from $710.00 to $780.00 and gave the company an “outperform” rating in a research report on Wednesday, December 10th. Finally, Oppenheimer upgraded shares of GE Vernova from a “market perform” rating to an “outperform” rating and set a $855.00 price objective on the stock in a report on Wednesday, December 10th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $680.52.

GE Vernova Company Profile

GE Vernova LLC, an energy business company, generates electricity. It operates under three segments: Power, Wind, and Electrification. The Power segments generates and sells electricity through hydro, gas, nuclear, and steam power. Wind segment engages in the manufacturing and sale of wind turbine blades; and Electrification segment provides grid solutions, power conversion, solar, and storage solutions.