Silvant Capital Management LLC Grows Stock Holdings in GE Vernova Inc. $GEV

Silvant Capital Management LLC lifted its holdings in GE Vernova Inc. (NYSE:GEV) by 3.5% during the third quarter, Holdings Channel reports. The fund owned 82,932 shares of the company’s stock after buying an additional 2,836 shares during the quarter. GE Vernova makes up 1.8% of Silvant Capital Management LLC’s holdings, making the stock its 13th largest holding. Silvant Capital Management LLC’s holdings in GE Vernova were worth $50,995,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in GEV. Jackson Grant Investment Advisers Inc. grew its position in 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 purchasing an additional 31 shares during the period. Wealth Watch Advisors INC acquired a new position in shares of GE Vernova in the 3rd quarter valued at about $25,000. Howard Hughes Medical Institute purchased a new stake in shares of GE Vernova in the second quarter worth about $31,000. Bay Harbor Wealth Management LLC grew its holdings in GE Vernova by 537.5% during the third quarter. Bay Harbor Wealth Management LLC now owns 51 shares of the company’s stock worth $31,000 after acquiring an additional 43 shares during the period. Finally, Monetary Management Group Inc. acquired a new stake in GE Vernova during the second quarter worth about $32,000.

Wall Street Analysts Forecast Growth

GEV has been the subject of a number of analyst reports. Robert W. Baird set a $923.00 price target on GE Vernova and gave the company an “outperform” rating in a report on Wednesday, February 4th. Morgan Stanley reaffirmed an “overweight” rating and set a $817.00 price objective on shares of GE Vernova in a research note on Monday, January 26th. Jefferies Financial Group reiterated a “buy” rating and issued a $930.00 target price on shares of GE Vernova in a research note on Thursday, January 29th. Barclays reissued an “overweight” rating and set a $849.00 price target on shares of GE Vernova in a report on Monday, February 2nd. Finally, Wolfe Research upgraded shares of GE Vernova from a “peer perform” rating to a “buy” rating in a research report on Wednesday, December 10th. One research analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $831.29.

GE Vernova Price Performance

Shares of GEV stock opened at $843.39 on Wednesday. GE Vernova Inc. has a 1-year low of $252.25 and a 1-year high of $894.93. The company has a market cap of $227.32 billion, a price-to-earnings ratio of 47.38, a PEG ratio of 3.29 and a beta of 1.44. The stock has a 50 day simple moving average of $765.97 and a 200-day simple moving average of $667.09.

GE Vernova (NYSE:GEV) last released its quarterly 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 firm had revenue of $10.96 billion for the quarter, compared to analysts’ expectations of $10.21 billion. GE Vernova had a net margin of 12.83% and a return on equity of 46.91%. The firm’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same quarter last year, the company earned $1.73 EPS. Analysts anticipate that GE Vernova Inc. will post 6.59 earnings per share for the current fiscal year.

GE Vernova Dividend Announcement

The company 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 dividend of $0.50 per share. 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 11.24%.

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.