GE Vernova Inc. $GEV Shares Acquired by SG Americas Securities LLC

SG Americas Securities LLC lifted its stake in shares of GE Vernova Inc. (NYSE:GEV) by 10,288.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 418,661 shares of the company’s stock after acquiring an additional 414,631 shares during the quarter. SG Americas Securities LLC owned 0.15% of GE Vernova worth $273,624,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of GEV. Northwest Wealth Management LLC grew its stake in GE Vernova by 3.6% during the 3rd quarter. Northwest Wealth Management LLC now owns 465 shares of the company’s stock worth $286,000 after purchasing an additional 16 shares in the last quarter. Traphagen Investment Advisors LLC raised its position in 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 in the last quarter. Navigoe LLC raised its position in GE Vernova by 20.2% in the 3rd quarter. Navigoe LLC now owns 101 shares of the company’s stock valued at $62,000 after purchasing an additional 17 shares in the last quarter. Elevation Wealth Partners LLC boosted its stake in shares of GE Vernova by 47.2% in the 3rd quarter. Elevation Wealth Partners LLC now owns 53 shares of the company’s stock valued at $33,000 after buying an additional 17 shares during the period. Finally, Tritonpoint Wealth LLC grew its position in shares of GE Vernova by 1.7% during the third quarter. Tritonpoint Wealth LLC now owns 994 shares of the company’s stock worth $611,000 after buying an additional 17 shares in the last quarter.

GE Vernova Stock Performance

Shares of GEV stock opened at $882.66 on Tuesday. The stock’s 50-day moving average is $784.19 and its two-hundred day moving average is $674.79. GE Vernova Inc. has a 1 year low of $252.25 and a 1 year high of $920.63. The firm has a market cap of $237.90 billion, a price-to-earnings ratio of 49.59, a PEG ratio of 3.39 and a beta of 1.45.

GE Vernova (NYSE:GEV) last posted its earnings results on Wednesday, January 28th. The company reported $13.39 earnings per share for the quarter, beating the consensus estimate of $2.99 by $10.40. The business had revenue of $10.96 billion during 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 business’s quarterly revenue was up 3.8% on a year-over-year basis. During the same period in the previous year, the business earned $1.73 EPS. As a group, 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 paid a $0.50 dividend. The ex-dividend date is Tuesday, March 17th. This represents a $2.00 dividend on an annualized basis and a yield of 0.2%. GE Vernova’s payout ratio is currently 11.24%.

Wall Street Analysts Forecast Growth

GEV has been the topic of several analyst reports. Susquehanna raised their target price on shares of GE Vernova from $800.00 to $820.00 and gave the company a “positive” rating in a report on Thursday, January 29th. The Goldman Sachs Group increased their price objective on shares of GE Vernova from $840.00 to $925.00 and gave the company a “buy” rating in a research report on Thursday, January 29th. Erste Group Bank started coverage on shares of GE Vernova in a report on Thursday, March 5th. They issued a “buy” rating on the stock. Weiss Ratings raised shares of GE Vernova from a “hold (c)” rating to a “buy (b-)” rating in a research report on Thursday, February 5th. Finally, Citigroup boosted their target price on shares of GE Vernova from $708.00 to $779.00 and gave the stock a “neutral” rating in a research note on Thursday, January 29th. One research analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $837.25.

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.