GE Vernova Inc. $GEV Stock: Talbot Financial LLC Raises Stake

Talbot Financial LLC increased its holdings in shares of GE Vernova Inc. (NYSE:GEV) by 2.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 27,615 shares of the company’s stock after acquiring an additional 581 shares during the quarter. GE Vernova comprises 1.9% of Talbot Financial LLC’s portfolio, making the stock its 16th biggest holding. Talbot Financial LLC’s holdings in GE Vernova were worth $26,248,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in GEV. BlackRock Inc. bought a new position in GE Vernova during the second quarter worth $25,569,630,000. State Street Corp increased its holdings in shares of GE Vernova by 3.3% in the second quarter. State Street Corp now owns 11,765,340 shares of the company’s stock valued at $13,828,380,000 after purchasing an additional 370,842 shares during the last quarter. Bank of America Corp DE raised its position in shares of GE Vernova by 20.1% in the first quarter. Bank of America Corp DE now owns 2,598,178 shares of the company’s stock valued at $2,267,949,000 after purchasing an additional 435,405 shares during the period. Bank of New York Mellon Corp bought a new position in shares of GE Vernova in the second quarter valued at about $2,497,472,000. Finally, Jupiter Topco LLC acquired a new stake in shares of GE Vernova during the 2nd quarter worth about $2,371,538,000.

GE Vernova Stock Performance

Shares of GE Vernova stock traded down $9.85 during trading on Monday, reaching $911.36. The company’s stock had a trading volume of 1,218,866 shares, compared to its average volume of 2,631,488. The company has a quick ratio of 0.62, a current ratio of 0.85 and a debt-to-equity ratio of 0.21. The business’s 50-day moving average price is $962.80 and its 200-day moving average price is $1,002.38. GE Vernova Inc. has a 52 week low of $530.16 and a 52 week high of $1,195.94. The firm has a market cap of $242.72 billion, a PE ratio of 26.12, a P/E/G ratio of 3.19 and a beta of 1.14.

GE Vernova (NYSE:GEV) last released its quarterly earnings results on Wednesday, July 22nd. The company reported $2.47 EPS for the quarter, missing analysts’ consensus estimates of $3.17 by ($0.70). GE Vernova had a return on equity of 42.42% and a net margin of 23.03%. The business had revenue of $11.10 billion for the quarter, compared to the consensus estimate of $10.79 billion. During the same period in the prior year, the business posted $1.86 earnings per share. GE Vernova’s revenue was up 21.9% compared to the same quarter last year. Equities analysts forecast that GE Vernova Inc. will post 15.04 earnings per share for the current year.

GE Vernova Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 24th. Stockholders of record on Tuesday, October 27th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, October 27th. This represents a $2.00 annualized dividend and a dividend yield of 0.2%. GE Vernova’s dividend payout ratio (DPR) is currently 5.72%.

Analyst Ratings Changes

GEV has been the subject of several research analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of GE Vernova in a report on Tuesday, July 21st. Citigroup lowered their price target on shares of GE Vernova from $1,219.00 to $1,125.00 and set a “neutral” rating on the stock in a report on Thursday, July 23rd. Jefferies Financial Group restated a “buy” rating and set a $1,185.00 price objective (up from $1,155.00) on shares of GE Vernova in a research report on Thursday, September 17th. Oppenheimer boosted their price objective on GE Vernova from $1,303.00 to $1,338.00 and gave the stock an “outperform” rating in a report on Thursday, July 23rd. Finally, BMO Capital Markets restated an “outperform” rating and set a $1,250.00 price objective (up from $1,110.00) on shares of GE Vernova in a report on Friday, August 7th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $1,164.87.

GE Vernova Company Profile

GE Vernova Inc (NYSE: GEV) is an energy technology company focused on helping generate, transmit, store and deliver electricity. The company serves utilities, power producers, grid operators, commercial and industrial customers, and other energy-sector participants worldwide.

Its business is organized around three primary areas: Power, Wind and Electrification. Power provides technologies and services for gas and steam power generation, hydropower, nuclear power and other energy systems.