Kercheville Advisors LLC Has $3.02 Million Stock Holdings in GE Vernova Inc. $GEV

Kercheville Advisors LLC boosted its position in shares of GE Vernova Inc. (NYSE:GEV) by 238.3% during the 3rd quarter, HoldingsChannel reports. The fund owned 4,905 shares of the company’s stock after buying an additional 3,455 shares during the quarter. GE Vernova makes up approximately 0.9% of Kercheville Advisors LLC’s investment portfolio, making the stock its 27th biggest holding. Kercheville Advisors LLC’s holdings in GE Vernova were worth $3,016,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in GEV. LS Investment Advisors LLC acquired a new stake in shares of GE Vernova during the 3rd quarter worth approximately $210,000. Motco lifted its position in GE Vernova by 16.7% in the third quarter. Motco now owns 168 shares of the company’s stock worth $103,000 after purchasing an additional 24 shares during the period. Daymark Wealth Partners LLC boosted its stake in GE Vernova by 13.8% during the third quarter. Daymark Wealth Partners LLC now owns 9,278 shares of the company’s stock worth $5,705,000 after buying an additional 1,124 shares in the last quarter. Commonwealth Equity Services LLC increased its holdings in GE Vernova by 1.3% in the 3rd quarter. Commonwealth Equity Services LLC now owns 131,789 shares of the company’s stock valued at $81,037,000 after buying an additional 1,668 shares during the period. Finally, Sandy Cove Advisors LLC bought a new stake in GE Vernova in the 3rd quarter valued at $228,000.

GE Vernova Trading Up 3.8%

Shares of GE Vernova stock opened at $678.29 on Monday. The stock has a market capitalization of $184.03 billion, a price-to-earnings ratio of 110.47, a P/E/G ratio of 2.85 and a beta of 1.67. The firm’s 50-day moving average price is $612.80 and its two-hundred day moving average price is $602.28. GE Vernova Inc. has a 1-year low of $252.25 and a 1-year high of $731.00.

GE Vernova (NYSE:GEV) last posted its earnings results on Wednesday, October 22nd. The company reported $1.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.72 by ($0.08). The firm had revenue of $9.97 billion during the quarter, compared to the consensus estimate of $9.15 billion. GE Vernova had a net margin of 4.52% and a return on equity of 17.07%. The business’s revenue was up 11.8% on a year-over-year basis. During the same quarter last year, the firm posted ($0.35) EPS. As a group, equities research analysts predict that GE Vernova Inc. will post 6.59 EPS for the current year.

GE Vernova Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 2nd. Shareholders of record on Monday, January 5th will be paid a $0.50 dividend. This is an increase from GE Vernova’s previous quarterly dividend of $0.25. This represents a $2.00 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend is Monday, January 5th. GE Vernova’s payout ratio is presently 16.29%.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of GE Vernova in a report on Wednesday, October 8th. Susquehanna raised their price target on shares of GE Vernova from $750.00 to $775.00 and gave the stock a “positive” rating in a research note on Wednesday, December 10th. BMO Capital Markets lifted their price objective on GE Vernova from $710.00 to $780.00 and gave the company an “outperform” rating in a report on Wednesday, December 10th. Oppenheimer raised GE Vernova from a “market perform” rating to an “outperform” rating and set a $855.00 target price for the company in a report on Wednesday, December 10th. Finally, Cowen restated a “buy” rating on shares of GE Vernova in a research report on Thursday, October 23rd. Four equities research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $691.11.

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.