Stratos Wealth Partners LTD. Buys 2,294 Shares of GE Vernova Inc. $GEV

Stratos Wealth Partners LTD. boosted its position in GE Vernova Inc. (NYSE:GEV) by 20.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,476 shares of the company’s stock after purchasing an additional 2,294 shares during the period. Stratos Wealth Partners LTD.’s holdings in GE Vernova were worth $8,287,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Brighton Jones LLC raised its stake in GE Vernova by 29.4% in the 4th quarter. Brighton Jones LLC now owns 3,315 shares of the company’s stock valued at $1,091,000 after acquiring an additional 753 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in shares of GE Vernova by 315.2% in the second quarter. Allspring Global Investments Holdings LLC now owns 54,796 shares of the company’s stock worth $27,727,000 after buying an additional 41,600 shares in the last quarter. Envestnet Portfolio Solutions Inc. lifted its holdings in shares of GE Vernova by 19.9% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 5,587 shares of the company’s stock worth $2,956,000 after buying an additional 927 shares in the last quarter. Cornerstone Wealth Group LLC boosted its position in shares of GE Vernova by 11.7% in the second quarter. Cornerstone Wealth Group LLC now owns 1,320 shares of the company’s stock valued at $699,000 after acquiring an additional 138 shares during the period. Finally, Axxcess Wealth Management LLC grew its stake in GE Vernova by 17.3% during the second quarter. Axxcess Wealth Management LLC now owns 6,591 shares of the company’s stock valued at $3,488,000 after acquiring an additional 972 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several research analysts have commented on GEV shares. China Renaissance raised shares of GE Vernova to a “strong-buy” rating in a report on Thursday, January 29th. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of GE Vernova in a research report on Wednesday, December 10th. UBS Group reissued a “buy” rating on shares of GE Vernova in a research note on Thursday, January 29th. Morgan Stanley restated an “overweight” rating and issued a $817.00 target price on shares of GE Vernova in a research note on Monday, January 26th. Finally, Evercore raised their price target on GE Vernova from $860.00 to $905.00 and gave the company an “outperform” rating in a report on Thursday, January 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $788.24.

GE Vernova Stock Up 4.0%

Shares of GEV stock opened at $822.11 on Thursday. The business has a 50-day moving average price of $682.66 and a two-hundred day moving average price of $633.16. GE Vernova Inc. has a 12-month low of $252.25 and a 12-month high of $834.00. The firm has a market cap of $221.58 billion, a P/E ratio of 46.19, a price-to-earnings-growth ratio of 3.15 and a beta of 1.67.

GE Vernova (NYSE:GEV) last announced its quarterly earnings data on Wednesday, January 28th. The company reported $13.39 EPS for the quarter, beating the consensus estimate of $2.99 by $10.40. The firm had revenue of $10.96 billion for the quarter, compared to analyst estimates 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 in the prior year, the company earned $1.73 EPS. As a group, research analysts expect that GE Vernova Inc. will post 6.59 EPS for the current fiscal year.

GE Vernova Increases Dividend

The firm 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 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 0.2%. GE Vernova’s dividend payout ratio (DPR) is 11.24%.

GE Vernova 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.