Geneva Partners LLC Decreases Stock Holdings in GE Vernova Inc. $GEV

Geneva Partners LLC decreased its holdings in shares of GE Vernova Inc. (NYSE:GEV) by 14.5% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 8,559 shares of the company’s stock after selling 1,454 shares during the period. GE Vernova accounts for about 2.0% of Geneva Partners LLC’s holdings, making the stock its 18th biggest holding. Geneva Partners LLC’s holdings in GE Vernova were worth $5,620,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in GEV. Jackson Grant Investment Advisers Inc. lifted its position 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 valued at $25,000 after buying an additional 31 shares in the last quarter. Wealth Watch Advisors INC purchased a new position in shares of GE Vernova during the 3rd quarter valued at approximately $25,000. Torren Management LLC purchased a new position in shares of GE Vernova during the 4th quarter valued at approximately $26,000. ORG Wealth Partners LLC lifted its position in shares of 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 buying an additional 29 shares in the last quarter. Finally, Monetary Management Group Inc. purchased a new position in shares of GE Vernova during the 2nd quarter valued at approximately $32,000.

GE Vernova Trading Down 6.6%

Shares of GEV stock opened at $1,044.82 on Friday. The stock’s fifty day moving average is $933.83 and its two-hundred day moving average is $755.75. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.65 and a current ratio of 0.89. The firm has a market capitalization of $280.76 billion, a P/E ratio of 30.43, a PEG ratio of 4.19 and a beta of 1.51. GE Vernova Inc. has a fifty-two week low of $387.03 and a fifty-two week high of $1,181.95.

GE Vernova (NYSE:GEV) last announced its quarterly earnings data 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. The company had revenue of $9.34 billion for the quarter, compared to analyst estimates of $9.19 billion. GE Vernova had a return on equity of 43.97% and a net margin of 23.81%.The firm’s revenue for the quarter was up 17.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.91 EPS. Research analysts expect that GE Vernova Inc. will post 14.84 earnings per share for the current fiscal year.

GE Vernova Announces Dividend

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

Wall Street Analysts Forecast Growth

GEV has been the topic of a number of recent analyst reports. Argus set a $1,300.00 target price on GE Vernova in a research report on Monday, April 27th. UBS Group reiterated a “buy” rating on shares of GE Vernova in a research report on Thursday, January 29th. Oppenheimer set a $1,303.00 target price on GE Vernova in a research report on Thursday, April 23rd. China Renaissance upgraded GE Vernova to a “strong-buy” rating in a report on Thursday, January 29th. Finally, TD Cowen raised their price objective on GE Vernova from $780.00 to $1,220.00 and gave the company a “buy” rating in a report on Thursday, April 23rd. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $1,090.76.

About GE Vernova

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.