Danske Bank A S Purchases Shares of 148,150 GE Vernova Inc. $GEV

Danske Bank A S acquired a new stake in shares of GE Vernova Inc. (NYSE:GEV) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 148,150 shares of the company’s stock, valued at approximately $91,097,000. Danske Bank A S owned about 0.05% of GE Vernova as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Northwest Wealth Management LLC raised its position in shares of GE Vernova by 3.6% during the third quarter. Northwest Wealth Management LLC now owns 465 shares of the company’s stock worth $286,000 after purchasing an additional 16 shares during the period. Traphagen Investment Advisors LLC boosted its position in shares of GE Vernova by 1.2% in the 3rd quarter. Traphagen Investment Advisors LLC now owns 1,418 shares of the company’s stock valued at $872,000 after purchasing an additional 17 shares during the period. Navigoe LLC increased its stake in GE Vernova by 20.2% in the 3rd quarter. Navigoe LLC now owns 101 shares of the company’s stock worth $62,000 after purchasing an additional 17 shares in the last quarter. Elevation Wealth Partners LLC increased its stake in 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. Finally, Tritonpoint Wealth LLC raised its holdings in GE Vernova by 1.7% during the 3rd quarter. Tritonpoint Wealth LLC now owns 994 shares of the company’s stock worth $611,000 after buying an additional 17 shares during the period.

Analyst Ratings Changes

GEV has been the subject of a number of analyst reports. Wells Fargo & Company upped their price objective on shares of GE Vernova from $717.00 to $831.00 and gave the company an “overweight” rating in a research note on Tuesday, December 16th. The Goldman Sachs Group lifted their target price on shares of GE Vernova from $840.00 to $925.00 and gave the stock a “buy” rating in a research report on Thursday, January 29th. William Blair restated an “outperform” rating on shares of GE Vernova in a report on Wednesday, December 10th. Evercore upped their price target on shares of GE Vernova from $860.00 to $905.00 and gave the company an “outperform” rating in a research report on Thursday, January 29th. Finally, JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of GE Vernova in a research note on Wednesday, December 10th. One analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $831.29.

GE Vernova Trading Up 1.9%

Shares of NYSE GEV opened at $843.39 on Wednesday. GE Vernova Inc. has a one year low of $252.25 and a one year high of $894.93. The business has a 50-day moving average price of $765.97 and a two-hundred day moving average price of $667.09. The firm has a market capitalization of $227.32 billion, a PE ratio of 47.38, a PEG ratio of 3.29 and a beta of 1.44.

GE Vernova (NYSE:GEV) last issued 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 company had revenue of $10.96 billion for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.73 EPS. Research analysts anticipate that GE Vernova Inc. will post 6.59 EPS for the current year.

GE Vernova Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 14th. Shareholders of record on Tuesday, March 17th will be paid 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 dividend payout ratio 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.