GE Vernova Inc. $GEV Shares Acquired by Gerber Kawasaki Wealth & Investment Management

Gerber Kawasaki Wealth & Investment Management lifted its position in shares of GE Vernova Inc. (NYSE:GEV) by 7.8% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 15,482 shares of the company’s stock after buying an additional 1,118 shares during the period. Gerber Kawasaki Wealth & Investment Management’s holdings in GE Vernova were worth $9,520,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of GEV. Jackson Grant Investment Advisers Inc. lifted its stake in shares of GE Vernova by 344.4% during the 3rd quarter. Jackson Grant Investment Advisers Inc. now owns 40 shares of the company’s stock worth $25,000 after purchasing an additional 31 shares during the period. Bay Harbor Wealth Management LLC grew its position 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 valued at $31,000 after purchasing an additional 43 shares during the period. Elevation Wealth Partners LLC increased its stake in 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. Deseret Mutual Benefit Administrators lifted its position in GE Vernova by 112.0% during the third quarter. Deseret Mutual Benefit Administrators now owns 53 shares of the company’s stock worth $33,000 after buying an additional 28 shares during the period. Finally, Howard Hughes Medical Institute purchased a new position in GE Vernova during the second quarter worth about $31,000.

Analysts Set New Price Targets

GEV has been the topic of a number of research analyst reports. Royal Bank Of Canada raised their price target on GE Vernova from $761.00 to $800.00 and gave the stock an “outperform” rating in a research note on Friday, January 30th. Wolfe Research upgraded shares of GE Vernova from a “peer perform” rating to a “buy” rating in a report on Wednesday, December 10th. Wells Fargo & Company raised their target price on shares of GE Vernova from $717.00 to $831.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 16th. Bank of America boosted their target price on shares of GE Vernova from $725.00 to $804.00 and gave the company a “buy” rating in a report on Wednesday, December 10th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $785.00 price target on shares of GE Vernova in a research report on Thursday, January 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $805.25.

GE Vernova Trading Down 3.1%

GEV stock opened at $790.00 on Monday. The company has a market cap of $212.93 billion, a PE ratio of 44.38, a price-to-earnings-growth ratio of 3.14 and a beta of 1.45. The stock has a 50-day moving average price of $743.08 and a two-hundred day moving average price of $656.48. GE Vernova Inc. has a 12-month low of $252.25 and a 12-month high of $894.93.

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

GE Vernova Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 14th. Investors of record on Tuesday, March 17th will be issued a $0.50 dividend. The ex-dividend date is Tuesday, March 17th. This represents a $2.00 annualized dividend and a yield of 0.3%. GE Vernova’s dividend payout ratio (DPR) is presently 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.