Numerai GP LLC Sells 2,312 Shares of GE Vernova Inc. $GEV

Numerai GP LLC lessened its stake in GE Vernova Inc. (NYSE:GEV) by 36.0% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 4,116 shares of the company’s stock after selling 2,312 shares during the period. Numerai GP LLC’s holdings in GE Vernova were worth $2,531,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the company. Mariner LLC increased its stake in GE Vernova by 8.8% during the third quarter. Mariner LLC now owns 463,346 shares of the company’s stock valued at $284,852,000 after acquiring an additional 37,396 shares during the period. Members Trust Co lifted its position in shares of GE Vernova by 9.3% in the 3rd quarter. Members Trust Co now owns 821 shares of the company’s stock worth $505,000 after acquiring an additional 70 shares during the period. National Bank of Canada FI lifted its position in shares of GE Vernova by 5.7% in the 3rd quarter. National Bank of Canada FI now owns 224,699 shares of the company’s stock worth $138,161,000 after acquiring an additional 12,204 shares during the period. Mercer Global Advisors Inc. ADV grew its holdings in shares of GE Vernova by 4.1% during the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 41,648 shares of the company’s stock worth $25,610,000 after purchasing an additional 1,652 shares in the last quarter. Finally, Mindset Wealth Management LLC increased its position in shares of GE Vernova by 53.0% during the third quarter. Mindset Wealth Management LLC now owns 849 shares of the company’s stock valued at $522,000 after purchasing an additional 294 shares during the period.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Erste Group Bank initiated coverage on GE Vernova in a research report on Thursday, March 5th. They issued a “buy” rating for the company. China Renaissance raised shares of GE Vernova to a “strong-buy” rating in a report on Thursday, January 29th. Robert W. Baird set a $923.00 target price on shares of GE Vernova and gave the company an “outperform” rating in a research report on Wednesday, February 4th. Wall Street Zen raised shares of GE Vernova from a “hold” rating to a “buy” rating in a research note on Saturday, January 31st. Finally, William Blair reissued an “outperform” rating on shares of GE Vernova in a research report on Wednesday, December 10th. One research 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. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $831.29.

GE Vernova Trading Up 2.6%

GEV opened at $825.99 on Tuesday. The stock has a market capitalization of $222.63 billion, a PE ratio of 46.40, a PEG ratio of 3.20 and a beta of 1.44. GE Vernova Inc. has a 1-year low of $252.25 and a 1-year high of $894.93. The firm has a 50-day moving average price of $762.83 and a two-hundred day moving average price of $665.47.

GE Vernova (NYSE:GEV) last announced its earnings results on Wednesday, January 28th. The company reported $13.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.99 by $10.40. GE Vernova had a net margin of 12.83% and a return on equity of 46.91%. The company had revenue of $10.96 billion for the quarter, compared to analyst estimates of $10.21 billion. During the same period in the prior year, the business earned $1.73 earnings per share. GE Vernova’s quarterly revenue was up 3.8% on a year-over-year basis. On average, research analysts predict that GE Vernova Inc. will post 6.59 EPS for the current 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 given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date is Tuesday, March 17th. GE Vernova’s dividend payout ratio (DPR) is presently 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.