Atria Investments Inc Acquires 3,098 Shares of GE Vernova Inc. $GEV

Atria Investments Inc grew its holdings in shares of GE Vernova Inc. (NYSE:GEV) by 32.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,779 shares of the company’s stock after buying an additional 3,098 shares during the quarter. Atria Investments Inc’s holdings in GE Vernova were worth $8,352,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Navalign LLC acquired a new position in GE Vernova during the fourth quarter valued at approximately $27,000. Catalyst Financial Partners LLC increased its position in shares of GE Vernova by 15.0% during the 4th quarter. Catalyst Financial Partners LLC now owns 1,820 shares of the company’s stock worth $1,190,000 after purchasing an additional 238 shares during the last quarter. Strategic Family Wealth Counselors L.L.C. bought a new stake in shares of GE Vernova during the 4th quarter worth approximately $377,000. Knuff & Co LLC boosted its holdings in shares of GE Vernova by 1.0% in the 4th quarter. Knuff & Co LLC now owns 2,255 shares of the company’s stock valued at $1,474,000 after buying an additional 22 shares during the last quarter. Finally, AIFG Consultants Ltd. grew its stake in shares of GE Vernova by 8.8% in the fourth quarter. AIFG Consultants Ltd. now owns 542 shares of the company’s stock valued at $354,000 after buying an additional 44 shares in the last quarter.

GE Vernova Stock Performance

Shares of NYSE GEV opened at $1,088.45 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.89 and a quick ratio of 0.65. The stock’s fifty day moving average price is $953.65 and its two-hundred day moving average price is $772.68. GE Vernova Inc. has a one year low of $421.64 and a one year high of $1,181.95. The firm has a market cap of $292.49 billion, a price-to-earnings ratio of 31.71, a P/E/G ratio of 3.98 and a beta of 1.51.

GE Vernova (NYSE:GEV) last announced its earnings results on Wednesday, April 22nd. The company reported $17.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.95 by $15.49. GE Vernova had a net margin of 23.81% and a return on equity of 43.97%. The company had revenue of $9.34 billion during the quarter, compared to analysts’ expectations of $9.19 billion. During the same quarter in the previous year, the business posted $0.91 earnings per share. GE Vernova’s quarterly revenue was up 17.0% on a year-over-year basis. On average, equities analysts forecast that GE Vernova Inc. will post 14.84 EPS for the current year.

GE Vernova Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 14th. Stockholders of record on Tuesday, March 17th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date was Tuesday, March 17th. GE Vernova’s payout ratio is presently 5.83%.

Analysts Set New Price Targets

A number of brokerages have commented on GEV. TD Cowen increased their price target on shares of GE Vernova from $780.00 to $1,220.00 and gave the company a “buy” rating in a research note on Thursday, April 23rd. Guggenheim upped their target price on shares of GE Vernova from $910.00 to $1,300.00 and gave the company a “buy” rating in a report on Thursday, April 23rd. Morgan Stanley raised their target price on shares of GE Vernova from $817.00 to $960.00 and gave the company an “overweight” rating in a research note on Monday, March 23rd. Wall Street Zen raised GE Vernova from a “hold” rating to a “buy” rating in a research report on Saturday, January 31st. Finally, Citigroup lifted their target price on GE Vernova from $779.00 to $1,110.00 and gave the stock a “neutral” rating in a research note on Monday, April 13th. Two analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, GE Vernova presently has an average rating of “Moderate Buy” and a consensus price target of $1,090.76.

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.