Strategic Investment Solutions Inc. IL Has $821,000 Holdings in GE Vernova Inc. $GEV

Strategic Investment Solutions Inc. IL trimmed its stake in GE Vernova Inc. (NYSE:GEV) by 31.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,335 shares of the company’s stock after selling 604 shares during the period. Strategic Investment Solutions Inc. IL’s holdings in GE Vernova were worth $821,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Jackson Grant Investment Advisers Inc. lifted its stake in shares of GE Vernova by 344.4% in the third quarter. Jackson Grant Investment Advisers Inc. now owns 40 shares of the company’s stock valued at $25,000 after buying an additional 31 shares during the period. Wealth Watch Advisors INC bought a new position in GE Vernova during the third quarter valued at about $25,000. Howard Hughes Medical Institute bought a new position in GE Vernova during the second quarter valued at about $31,000. Bay Harbor Wealth Management LLC raised its holdings in GE Vernova by 537.5% in the 3rd quarter. Bay Harbor Wealth Management LLC now owns 51 shares of the company’s stock valued at $31,000 after acquiring an additional 43 shares in the last quarter. Finally, Monetary Management Group Inc. bought a new stake in shares of GE Vernova in the 2nd quarter worth approximately $32,000.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on GEV. Morgan Stanley reissued an “overweight” rating and set a $817.00 price objective on shares of GE Vernova in a report on Monday, January 26th. Oppenheimer reaffirmed an “outperform” rating on shares of GE Vernova in a research report on Thursday, January 29th. William Blair reiterated an “outperform” rating on shares of GE Vernova in a research note on Wednesday, December 10th. Royal Bank Of Canada boosted their price target on shares of GE Vernova from $761.00 to $800.00 and gave the company an “outperform” rating in a report on Friday, January 30th. Finally, Bank of America increased their price objective on shares of GE Vernova from $725.00 to $804.00 and gave the company a “buy” rating in a research note on Wednesday, December 10th. One analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $831.29.

GE Vernova Price Performance

Shares of NYSE:GEV opened at $856.81 on Thursday. The business’s fifty day moving average price is $769.86 and its two-hundred day moving average price is $668.41. GE Vernova Inc. has a fifty-two week low of $252.25 and a fifty-two week high of $894.93. The stock has a market capitalization of $230.93 billion, a price-to-earnings ratio of 48.14, a price-to-earnings-growth ratio of 3.36 and a beta of 1.45.

GE Vernova (NYSE:GEV) last issued its quarterly earnings data on Wednesday, January 28th. The company reported $13.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.99 by $10.40. GE Vernova had a return on equity of 46.91% and a net margin of 12.83%.The company had revenue of $10.96 billion during the quarter, compared to analysts’ expectations of $10.21 billion. During the same period last year, the business earned $1.73 earnings per share. The business’s revenue was up 3.8% on a year-over-year basis. Research analysts expect that GE Vernova Inc. will post 6.59 EPS for the current fiscal year.

GE Vernova Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 14th. Shareholders of record on Tuesday, March 17th will be given a $0.50 dividend. The ex-dividend date is Tuesday, March 17th. This represents a $2.00 dividend on an annualized basis and a yield of 0.2%. GE Vernova’s payout ratio 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.