Total Clarity Wealth Management Inc. Buys 806 Shares of GE Vernova Inc. $GEV

Total Clarity Wealth Management Inc. boosted its stake in GE Vernova Inc. (NYSE:GEV) by 95.3% during the third quarter, HoldingsChannel reports. The firm owned 1,652 shares of the company’s stock after buying an additional 806 shares during the period. Total Clarity Wealth Management Inc.’s holdings in GE Vernova were worth $1,016,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Jackson Grant Investment Advisers Inc. lifted its holdings 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 worth $25,000 after acquiring an additional 31 shares during the last quarter. Howard Hughes Medical Institute purchased a new stake in GE Vernova during the second quarter valued at about $31,000. Bay Harbor Wealth Management LLC raised its position in GE Vernova by 537.5% during the third quarter. Bay Harbor Wealth Management LLC now owns 51 shares of the company’s stock valued at $31,000 after purchasing an additional 43 shares in the last quarter. Monetary Management Group Inc. bought a new stake in GE Vernova during the second quarter worth about $32,000. Finally, Elevation Wealth Partners LLC boosted its holdings in shares of GE Vernova by 47.2% in the 3rd quarter. Elevation Wealth Partners LLC now owns 53 shares of the company’s stock worth $33,000 after purchasing an additional 17 shares in the last quarter.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on GEV shares. Susquehanna raised their price objective on GE Vernova from $800.00 to $820.00 and gave the company a “positive” rating in a report on Thursday, January 29th. Wolfe Research upgraded shares of GE Vernova from a “peer perform” rating to a “buy” rating in a research report on Wednesday, December 10th. Oppenheimer reissued an “outperform” rating on shares of GE Vernova in a research note on Thursday, January 29th. UBS Group reaffirmed a “buy” rating on shares of GE Vernova in a research note on Thursday, January 29th. Finally, Mizuho set a $714.00 target price on shares of GE Vernova in a research report on Tuesday, February 3rd. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $788.24.

GE Vernova Stock Down 0.6%

Shares of GE Vernova stock opened at $874.61 on Thursday. The company’s fifty day simple moving average is $716.98 and its two-hundred day simple moving average is $645.60. GE Vernova Inc. has a 12-month low of $252.25 and a 12-month high of $894.93. The firm has a market cap of $235.73 billion, a PE ratio of 49.14, a price-to-earnings-growth ratio of 3.50 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 for the quarter, topping analysts’ consensus estimates of $2.99 by $10.40. The company 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%. GE Vernova’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same period in the prior year, the business posted $1.73 earnings per share. As a group, sell-side analysts expect that GE Vernova Inc. will post 6.59 earnings per share for the current fiscal year.

GE Vernova Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 14th. Stockholders of record on Tuesday, March 17th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Tuesday, March 17th. GE Vernova’s dividend payout ratio (DPR) is currently 11.24%.

GE Vernova 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.