Krilogy Financial LLC Invests $3.07 Million in GE Vernova Inc. $GEV

Krilogy Financial LLC purchased a new position in shares of GE Vernova Inc. (NYSE:GEV) during the 3rd quarter, Holdings Channel.com reports. The firm purchased 5,490 shares of the company’s stock, valued at approximately $3,073,000.

Several other large investors also recently bought and sold shares of GEV. Synergy Asset Management LLC raised its position in GE Vernova by 300.0% during the 3rd quarter. Synergy Asset Management LLC now owns 1,884 shares of the company’s stock worth $1,078,000 after buying an additional 1,413 shares during the last quarter. J.W. Cole Advisors Inc. increased its stake in shares of GE Vernova by 25.3% during the third quarter. J.W. Cole Advisors Inc. now owns 16,247 shares of the company’s stock worth $9,990,000 after acquiring an additional 3,278 shares during the period. Kercheville Advisors LLC raised its holdings in GE Vernova by 238.3% during the third quarter. Kercheville Advisors LLC now owns 4,905 shares of the company’s stock worth $3,016,000 after purchasing an additional 3,455 shares in the last quarter. Dupree Financial Group LLC purchased a new position in GE Vernova during the second quarter worth about $253,000. Finally, Rakuten Investment Management Inc. acquired a new stake in GE Vernova in the third quarter valued at about $18,601,000.

GE Vernova Price Performance

Shares of GEV opened at $822.11 on Thursday. GE Vernova Inc. has a 12-month low of $252.25 and a 12-month high of $834.00. The business’s fifty day moving average price is $682.66 and its 200 day moving average price is $633.16. The stock has a market capitalization of $221.58 billion, a PE ratio of 46.19, a price-to-earnings-growth ratio of 3.15 and a beta of 1.67.

GE Vernova (NYSE:GEV) last posted its earnings results 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. The company had revenue of $10.96 billion for the quarter, compared to analysts’ expectations of $10.21 billion. GE Vernova had a return on equity of 46.91% and a net margin of 12.83%.The firm’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 earnings per share. As a group, research analysts anticipate that GE Vernova Inc. will post 6.59 earnings per share for the current fiscal year.

GE Vernova Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, February 2nd. Investors of record on Monday, January 5th were paid a $0.50 dividend. The ex-dividend date of this dividend was Monday, January 5th. This represents a $2.00 dividend on an annualized basis and a yield of 0.2%. This is an increase from GE Vernova’s previous quarterly dividend of $0.25. GE Vernova’s dividend payout ratio (DPR) is 11.24%.

Analyst Ratings Changes

Several research firms have issued reports on GEV. Jefferies Financial Group reiterated a “buy” rating and set a $930.00 target price on shares of GE Vernova in a research report on Thursday, January 29th. Glj Research upped their price objective on GE Vernova from $758.00 to $1,087.00 and gave the stock a “buy” rating in a report on Monday, January 12th. TD Cowen upped their target price on shares of GE Vernova from $680.00 to $780.00 and gave the stock a “buy” rating in a research report on Thursday, January 29th. Oppenheimer restated an “outperform” rating on shares of GE Vernova in a research report on Thursday, January 29th. Finally, Wolfe Research upgraded GE Vernova from a “peer perform” rating to a “buy” rating in a research report on Wednesday, December 10th. One analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $788.24.

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.