O Neil Global Advisors Inc. Acquires 24,697 Shares of GE Vernova Inc. $GEV

O Neil Global Advisors Inc. raised its holdings in shares of GE Vernova Inc. (NYSE:GEV) by 112.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 46,613 shares of the company’s stock after acquiring an additional 24,697 shares during the period. GE Vernova makes up about 5.3% of O Neil Global Advisors Inc.’s portfolio, making the stock its 7th biggest position. O Neil Global Advisors Inc.’s holdings in GE Vernova were worth $28,662,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Jackson Grant Investment Advisers Inc. lifted its position in GE Vernova by 344.4% during the third quarter. Jackson Grant Investment Advisers Inc. now owns 40 shares of the company’s stock valued at $25,000 after purchasing an additional 31 shares during the period. Bay Harbor Wealth Management LLC grew its position in GE Vernova by 537.5% during the 3rd quarter. Bay Harbor Wealth Management LLC now owns 51 shares of the company’s stock worth $31,000 after purchasing an additional 43 shares during the period. Elevation Wealth Partners LLC raised its stake in shares of GE Vernova by 47.2% during the 3rd quarter. Elevation Wealth Partners LLC now owns 53 shares of the company’s stock valued at $33,000 after buying an additional 17 shares during the last quarter. Deseret Mutual Benefit Administrators lifted its holdings in shares of GE Vernova by 112.0% in the 3rd quarter. Deseret Mutual Benefit Administrators now owns 53 shares of the company’s stock valued at $33,000 after buying an additional 28 shares during the period. Finally, Howard Hughes Medical Institute purchased a new stake in shares of GE Vernova in the second quarter worth about $31,000.

Analysts Set New Price Targets

Several research analysts recently weighed in on GEV shares. The Goldman Sachs Group lifted their price target on GE Vernova from $840.00 to $925.00 and gave the company a “buy” rating in a research report on Thursday, January 29th. Wolfe Research raised shares of GE Vernova from a “peer perform” rating to a “buy” rating in a report on Wednesday, December 10th. Glj Research boosted their target price on shares of GE Vernova from $758.00 to $1,087.00 and gave the company a “buy” rating in a research note on Monday, January 12th. Wall Street Zen upgraded shares of GE Vernova from a “hold” rating to a “buy” rating in a research report on Saturday, January 31st. Finally, Mizuho set a $714.00 price objective on shares of GE Vernova in a report on Tuesday, February 3rd. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $788.24.

GE Vernova Stock Performance

GE Vernova stock opened at $829.65 on Monday. The stock has a market capitalization of $223.62 billion, a P/E ratio of 46.61, a P/E/G ratio of 3.30 and a beta of 1.67. The company’s fifty day moving average price is $704.97 and its 200 day moving average price is $641.07. GE Vernova Inc. has a 1 year low of $252.25 and a 1 year high of $846.00.

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

GE Vernova Dividend Announcement

The company also recently disclosed 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. This represents a $2.00 annualized dividend and a yield of 0.2%. The ex-dividend date is Tuesday, March 17th. GE Vernova’s payout ratio is presently 11.24%.

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.