Sequoia Financial Advisors LLC Has $19.13 Million Stock Holdings in GE Vernova Inc. $GEV

Sequoia Financial Advisors LLC lifted its position in GE Vernova Inc. (NYSE:GEV) by 3.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 29,270 shares of the company’s stock after purchasing an additional 957 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in GE Vernova were worth $19,130,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Jackson Grant Investment Advisers Inc. raised 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 acquiring an additional 31 shares during the last quarter. Wealth Watch Advisors INC bought a new stake in GE Vernova during the 3rd quarter worth approximately $25,000. Torren Management LLC acquired a new stake in GE Vernova during the 4th quarter valued at $26,000. ORG Wealth Partners LLC increased its holdings in GE Vernova by 241.7% during the 4th quarter. ORG Wealth Partners LLC now owns 41 shares of the company’s stock valued at $27,000 after purchasing an additional 29 shares in the last quarter. Finally, Monetary Management Group Inc. bought a new position in GE Vernova in the 2nd quarter valued at $32,000.

Wall Street Analysts Forecast Growth

GEV has been the topic of several research analyst reports. Weiss Ratings upgraded GE Vernova from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, April 24th. Jefferies Financial Group upped their price target on shares of GE Vernova from $965.00 to $1,350.00 and gave the stock a “buy” rating in a research report on Friday, April 24th. Citigroup raised their price objective on shares of GE Vernova from $779.00 to $1,110.00 and gave the company a “neutral” rating in a research report on Monday, April 13th. Susquehanna set a $1,300.00 target price on shares of GE Vernova in a research report on Thursday, April 23rd. Finally, Mizuho set a $714.00 price target on shares of GE Vernova in a report on Tuesday, February 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $1,090.76.

GE Vernova Trading Up 2.3%

Shares of NYSE GEV opened at $1,120.60 on Thursday. The company’s 50 day simple moving average is $930.51 and its 200 day simple moving average is $752.62. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.89 and a quick ratio of 0.65. GE Vernova Inc. has a fifty-two week low of $387.03 and a fifty-two week high of $1,181.95. The firm has a market capitalization of $301.13 billion, a P/E ratio of 32.64, a P/E/G ratio of 4.10 and a beta of 1.51.

GE Vernova (NYSE:GEV) last posted its quarterly earnings results on Wednesday, April 22nd. The company reported $17.44 earnings per share for the quarter, beating analysts’ consensus estimates of $1.95 by $15.49. GE Vernova had a return on equity of 43.97% and a net margin of 23.81%.The company had revenue of $9.34 billion for the quarter, compared to the consensus estimate of $9.19 billion. During the same quarter in the prior year, the business posted $0.91 EPS. The firm’s quarterly revenue was up 17.0% on a year-over-year basis. On average, analysts predict that GE Vernova Inc. will post 14.84 EPS for the current year.

GE Vernova Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 14th. Stockholders of record on Tuesday, March 17th were paid a $0.50 dividend. The ex-dividend date of this dividend was Tuesday, March 17th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.2%. GE Vernova’s dividend payout ratio is 5.83%.

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.