Pacific Point Advisors LLC Invests $980,000 in GE Vernova Inc. $GEV

Pacific Point Advisors LLC acquired a new position in shares of GE Vernova Inc. (NYSE:GEV) in the 4th quarter, Holdings Channel reports. The fund acquired 1,500 shares of the company’s stock, valued at approximately $980,000.

Several other institutional investors have also modified their holdings of GEV. Voisard Asset Management Group Inc. increased its holdings in shares of GE Vernova by 2.7% in the 4th quarter. Voisard Asset Management Group Inc. now owns 575 shares of the company’s stock valued at $376,000 after acquiring an additional 15 shares during the period. Northwest Wealth Management LLC increased its holdings in shares of GE Vernova by 3.6% in the 3rd quarter. Northwest Wealth Management LLC now owns 465 shares of the company’s stock valued at $286,000 after acquiring an additional 16 shares during the period. Traphagen Investment Advisors LLC increased its holdings in shares of 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 acquiring an additional 17 shares during the period. Navigoe LLC increased its holdings in shares of 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 acquiring an additional 17 shares during the period. Finally, Elevation Wealth Partners LLC increased its holdings 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 acquiring an additional 17 shares during the period.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Mizuho set a $714.00 target price on shares of GE Vernova in a report on Tuesday, February 3rd. Citigroup lifted their target price on shares of GE Vernova from $708.00 to $779.00 and gave the company a “neutral” rating in a report on Thursday, January 29th. Susquehanna lifted 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. Wall Street Zen raised shares of GE Vernova from a “hold” rating to a “buy” rating in a report on Saturday, January 31st. Finally, The Goldman Sachs Group lifted their target price on shares of GE Vernova from $840.00 to $925.00 and gave the company a “buy” rating in a report on Thursday, January 29th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $863.61.

GE Vernova Stock Performance

Shares of GEV opened at $910.41 on Wednesday. The stock has a market capitalization of $245.38 billion, a P/E ratio of 51.15, a P/E/G ratio of 3.54 and a beta of 1.43. The company’s fifty day moving average is $832.45 and its two-hundred day moving average is $695.60. GE Vernova Inc. has a 1 year low of $279.57 and a 1 year high of $948.38.

GE Vernova (NYSE:GEV) last announced its quarterly earnings data on Wednesday, January 28th. The company reported $13.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.99 by $10.40. The company 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%. GE Vernova’s revenue was up 3.8% compared to the same quarter last year. During the same period in the previous year, the company posted $1.73 EPS. Sell-side analysts predict that GE Vernova Inc. will post 6.59 EPS for the current year.

GE Vernova Announces Dividend

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. This represents a $2.00 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Tuesday, March 17th. GE Vernova’s payout ratio is currently 11.24%.

About GE Vernova

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.