Atlantic Union Bankshares Corp Grows Stake in GE Vernova Inc. $GEV

Atlantic Union Bankshares Corp raised its stake in shares of GE Vernova Inc. (NYSE:GEV) by 89.8% during the third quarter, HoldingsChannel reports. The firm owned 2,240 shares of the company’s stock after buying an additional 1,060 shares during the quarter. Atlantic Union Bankshares Corp’s holdings in GE Vernova were worth $1,377,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. WFA Asset Management Corp purchased a new stake in shares of GE Vernova in the second quarter valued at $29,000. Howard Hughes Medical Institute purchased a new stake in shares of GE Vernova during the second quarter valued at $31,000. Bay Harbor Wealth Management LLC grew its holdings in shares of GE Vernova by 537.5% in 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 during the last quarter. Monetary Management Group Inc. bought a new position in GE Vernova in the 2nd quarter worth about $32,000. Finally, Elevation Wealth Partners LLC increased its holdings in GE Vernova by 47.2% during the 3rd quarter. Elevation Wealth Partners LLC now owns 53 shares of the company’s stock worth $33,000 after purchasing an additional 17 shares during the period.

GE Vernova Stock Down 4.5%

GEV stock opened at $745.37 on Thursday. The stock has a market capitalization of $200.90 billion, a PE ratio of 41.87, a price-to-earnings-growth ratio of 3.14 and a beta of 1.67. GE Vernova Inc. has a 52 week low of $252.25 and a 52 week high of $795.50. The firm has a 50 day moving average of $663.44 and a 200 day moving average of $626.75.

GE Vernova (NYSE:GEV) last posted its quarterly 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. The business had revenue of $10.96 billion during the quarter, compared to analysts’ expectations of $10.21 billion. GE Vernova had a net margin of 12.83% and a return on equity of 46.91%. The business’s quarterly revenue was up 3.8% on a year-over-year basis. During the same quarter last year, the company posted $1.73 earnings per share. On average, equities research analysts expect that GE Vernova Inc. will post 6.59 earnings per share for the current year.

GE Vernova Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, February 2nd. Shareholders of record on Monday, January 5th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, January 5th. This represents a $2.00 dividend on an annualized basis and a yield of 0.3%. This is an increase from GE Vernova’s previous quarterly dividend of $0.25. GE Vernova’s payout ratio is presently 11.24%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Guggenheim raised shares of GE Vernova from a “neutral” rating to a “buy” rating and set a $910.00 price target for the company in a research report on Friday, January 30th. Morgan Stanley reissued an “overweight” rating and issued a $817.00 price target on shares of GE Vernova in a research report on Monday, January 26th. Mizuho set a $714.00 target price on GE Vernova in a research note on Tuesday. Jefferies Financial Group reissued a “buy” rating and set a $930.00 price target on shares of GE Vernova in a research report on Thursday, January 29th. Finally, Redburn Partners set a $475.00 price target on shares of GE Vernova in a report on Wednesday, October 15th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $763.19.

Key Stories Impacting GE Vernova

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

• Positive Sentiment: Baird upgraded GEV from Hold to Strong-Buy, saying overcapacity concerns look less likely — that upgrade is driving bullish analyst sentiment and likely lifted the stock. Baird upgrades GE Vernova
• Positive Sentiment: Market reaction: coverage notes GEV shares were trading notably higher following the Baird upgrade, indicating the upgrade had immediate impact on investor demand. GE Vernova Trading Higher After Upgrade
• Positive Sentiment: Business momentum: analysts and media point to rising data-center orders and a growing backlog (reported backlog ~$150B) as drivers of longer-term revenue visibility and demand for GEV’s power equipment. Fool: Energy Stock Momentum
• Neutral Sentiment: GEV completed a $2.6B multi‑tranche senior notes offering (various coupons) and says net proceeds will be used for general corporate purposes, including financing the acquisition of the remaining 50% of Prolec GE — this funds a strategic bolt-on but increases debt levels. BusinessWire: Senior Notes Offering

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.