Jones Financial Companies Lllp Has $15.46 Million Holdings in GE Vernova Inc. $GEV

Jones Financial Companies Lllp lifted its stake in shares of GE Vernova Inc. (NYSE:GEV) by 49.0% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 25,531 shares of the company’s stock after acquiring an additional 8,398 shares during the quarter. Jones Financial Companies Lllp’s holdings in GE Vernova were worth $15,464,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in GEV. WFA Asset Management Corp bought a new position in shares of GE Vernova in the second quarter valued at approximately $29,000. Howard Hughes Medical Institute bought a new position in GE Vernova in the 2nd quarter worth $31,000. Bay Harbor Wealth Management LLC lifted its position in GE Vernova by 537.5% during the 3rd quarter. Bay Harbor Wealth Management LLC now owns 51 shares of the company’s stock worth $31,000 after acquiring an additional 43 shares during the last quarter. Monetary Management Group Inc. bought a new stake in GE Vernova during the second quarter valued at about $32,000. Finally, Elevation Wealth Partners LLC grew its position in shares of GE Vernova by 47.2% in the third quarter. Elevation Wealth Partners LLC now owns 53 shares of the company’s stock valued at $33,000 after purchasing an additional 17 shares during the last quarter.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on GEV shares. Robert W. Baird set a $923.00 price objective on GE Vernova and gave the stock an “outperform” rating in a research report on Wednesday. Rothschild Redb lowered GE Vernova from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 15th. Citigroup increased their price objective on GE Vernova from $708.00 to $779.00 and gave the company a “neutral” rating in a research report on Thursday, January 29th. Glj Research boosted their target price on shares of GE Vernova from $758.00 to $1,087.00 and gave the stock a “buy” rating in a research report on Monday, January 12th. Finally, William Blair reiterated an “outperform” rating on shares of GE Vernova in a research note on Wednesday, December 10th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, GE Vernova has an average rating of “Moderate Buy” and an average price target of $763.19.

Key Headlines 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 Trading Down 4.5%

Shares of NYSE GEV opened at $745.37 on Thursday. The business has a fifty day simple moving average of $663.44 and a 200 day simple moving average of $626.75. The firm has a market capitalization of $200.90 billion, a price-to-earnings ratio of 41.87, a PEG ratio of 3.14 and a beta of 1.67. GE Vernova Inc. has a one year low of $252.25 and a one year high of $795.50.

GE Vernova (NYSE:GEV) last posted its quarterly earnings results on Wednesday, January 28th. The company reported $13.39 earnings per share for the quarter, topping analysts’ consensus estimates of $2.99 by $10.40. The firm had revenue of $10.96 billion for the quarter, compared to the consensus estimate of $10.21 billion. GE Vernova had a net margin of 12.83% and a return on equity of 46.91%. The business’s revenue was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.73 earnings per share. On average, research analysts anticipate that GE Vernova Inc. will post 6.59 earnings per share for the current fiscal year.

GE Vernova Increases Dividend

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