MGO One Seven LLC Increases Position in GE Vernova Inc. $GEV

MGO One Seven LLC increased its position in shares of GE Vernova Inc. (NYSE:GEV) by 118.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 14,131 shares of the company’s stock after acquiring an additional 7,660 shares during the quarter. MGO One Seven LLC’s holdings in GE Vernova were worth $8,689,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of GEV. Brighton Jones LLC boosted its holdings in shares of GE Vernova by 29.4% during the fourth quarter. Brighton Jones LLC now owns 3,315 shares of the company’s stock worth $1,091,000 after purchasing an additional 753 shares during the last quarter. Intech Investment Management LLC lifted its position in GE Vernova by 9.8% during the first quarter. Intech Investment Management LLC now owns 10,743 shares of the company’s stock worth $3,280,000 after buying an additional 961 shares during the period. Geneos Wealth Management Inc. boosted its stake in GE Vernova by 6.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 2,174 shares of the company’s stock worth $664,000 after buying an additional 141 shares during the last quarter. Modern Wealth Management LLC grew its holdings in GE Vernova by 33.1% in the 1st quarter. Modern Wealth Management LLC now owns 2,296 shares of the company’s stock valued at $701,000 after buying an additional 571 shares during the period. Finally, First Hawaiian Bank purchased a new stake in GE Vernova in the 1st quarter valued at about $341,000.

Wall Street Analysts Forecast Growth

GEV has been the topic of several recent analyst reports. Wolfe Research upgraded shares of GE Vernova from a “peer perform” rating to a “buy” rating in a report on Wednesday, December 10th. Rothschild Redb downgraded shares of GE Vernova from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 15th. Mizuho decreased their price target on shares of GE Vernova from $677.00 to $660.00 and set a “neutral” rating on the stock in a report on Friday, October 24th. JPMorgan Chase & Co. reissued an “overweight” rating on shares of GE Vernova in a research note on Wednesday, December 10th. Finally, Jefferies Financial Group set a $830.00 price objective on GE Vernova in a report on Monday, December 22nd. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $689.00.

GE Vernova Trading Down 0.9%

Shares of GE Vernova stock opened at $622.69 on Monday. GE Vernova Inc. has a twelve month low of $252.25 and a twelve month high of $731.00. The stock has a market cap of $168.95 billion, a price-to-earnings ratio of 101.41, a price-to-earnings-growth ratio of 2.61 and a beta of 1.67. The company has a fifty day moving average price of $620.58 and a 200 day moving average price of $607.85.

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

GE Vernova Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 2nd. Shareholders of record on Monday, January 5th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.3%. This is a positive change from GE Vernova’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Monday, January 5th. GE Vernova’s dividend payout ratio is 32.57%.

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.