Tableaux LLC Grows Holdings in GE Vernova Inc. $GEV

Tableaux LLC increased its holdings in GE Vernova Inc. (NYSE:GEV) by 90.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,002 shares of the company’s stock after acquiring an additional 1,425 shares during the quarter. Tableaux LLC’s holdings in GE Vernova were worth $1,846,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of GEV. Jackson Grant Investment Advisers Inc. increased its stake in shares of 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 in the last quarter. Bay Harbor Wealth Management LLC grew its stake in shares of GE Vernova by 537.5% in the 3rd quarter. Bay Harbor Wealth Management LLC now owns 51 shares of the company’s stock worth $31,000 after buying an additional 43 shares during the last quarter. Elevation Wealth Partners LLC increased its position in 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 in the last quarter. Deseret Mutual Benefit Administrators raised its stake in GE Vernova by 112.0% during the third 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 last quarter. Finally, Howard Hughes Medical Institute bought a new stake in GE Vernova in the second quarter worth $31,000.

GE Vernova Stock Up 5.7%

Shares of GE Vernova stock opened at $879.25 on Wednesday. GE Vernova Inc. has a twelve month low of $252.25 and a twelve month high of $879.89. The company has a market cap of $236.98 billion, a price-to-earnings ratio of 49.40, a price-to-earnings-growth ratio of 3.31 and a beta of 1.67. The company’s 50 day moving average is $711.80 and its 200 day moving average is $643.99.

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

GE Vernova Dividend Announcement

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

Wall Street Analysts Forecast Growth

GEV has been the subject of several analyst reports. Wells Fargo & Company raised their price target on GE Vernova from $717.00 to $831.00 and gave the company an “overweight” rating in a report on Tuesday, December 16th. Guggenheim raised shares of GE Vernova from a “neutral” rating to a “buy” rating and set a $910.00 target price for the company in a report on Friday, January 30th. Weiss Ratings upgraded shares of GE Vernova from a “hold (c)” rating to a “buy (b-)” rating in a research note on Thursday, February 5th. BMO Capital Markets reissued an “outperform” rating and set a $785.00 price target on shares of GE Vernova in a research report on Thursday, January 29th. Finally, Barclays restated an “overweight” rating and issued a $849.00 price objective on shares of GE Vernova in a report on Monday, February 2nd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $788.24.

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.