One Way Holdings LLC Purchases 1,251 Shares of GE Vernova Inc. $GEV

One Way Holdings LLC raised its holdings in shares of GE Vernova Inc. (NYSE:GEV) by 4.7% during the 3rd quarter, Holdings Channel.com reports. The firm owned 27,933 shares of the company’s stock after acquiring an additional 1,251 shares during the quarter. GE Vernova comprises approximately 1.2% of One Way Holdings LLC’s holdings, making the stock its 28th biggest position. One Way Holdings LLC’s holdings in GE Vernova were worth $26,550,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Welch Group LLC boosted its holdings in GE Vernova by 39.1% in the 3rd quarter. Welch Group LLC now owns 1,082 shares of the company’s stock worth $1,029,000 after buying an additional 304 shares during the period. Trek Financial LLC grew its stake in GE Vernova by 33.0% in the 3rd quarter. Trek Financial LLC now owns 347 shares of the company’s stock valued at $329,000 after buying an additional 86 shares in the last quarter. Woodmont Investment Counsel LLC raised its holdings in GE Vernova by 24.4% during the 3rd quarter. Woodmont Investment Counsel LLC now owns 291 shares of the company’s stock valued at $276,000 after acquiring an additional 57 shares during the period. Traynor Capital Management Inc. raised its holdings in GE Vernova by 23.9% during the 3rd quarter. Traynor Capital Management Inc. now owns 1,472 shares of the company’s stock valued at $1,399,000 after acquiring an additional 284 shares during the period. Finally, Virtue Capital Management LLC lifted its position in shares of GE Vernova by 3.6% during the third quarter. Virtue Capital Management LLC now owns 4,762 shares of the company’s stock worth $4,526,000 after acquiring an additional 164 shares in the last quarter.

Analyst Ratings Changes

A number of analysts recently issued reports on GEV shares. Citigroup decreased their price objective on GE Vernova from $1,125.00 to $1,000.00 and set a “neutral” rating on the stock in a research note on Thursday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of GE Vernova in a report on Monday, October 19th. Evercore reaffirmed an “outperform” rating and set a $1,350.00 target price on shares of GE Vernova in a report on Thursday, October 1st. Guggenheim reiterated a “buy” rating and set a $1,450.00 price target on shares of GE Vernova in a research report on Tuesday, October 13th. Finally, President Capital increased their price target on shares of GE Vernova from $1,368.00 to $1,398.00 and gave the stock a “buy” rating in a report on Wednesday, July 29th. Two analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, GE Vernova has a consensus rating of “Moderate Buy” and a consensus price target of $1,152.53.

GE Vernova Trading Down 0.4%

GE Vernova stock opened at $854.58 on Monday. The stock has a market cap of $226.19 billion, a P/E ratio of 22.42, a PEG ratio of 2.91 and a beta of 1.25. GE Vernova Inc. has a fifty-two week low of $530.16 and a fifty-two week high of $1,195.94. The firm’s fifty day moving average price is $934.85 and its 200-day moving average price is $940.34. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.62 and a current ratio of 0.83.

GE Vernova (NYSE:GEV) last issued its quarterly earnings data on Wednesday, October 28th. The company reported $4.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.03 by $0.78. The company had revenue of $12.64 billion for the quarter, compared to the consensus estimate of $11.99 billion. GE Vernova had a return on equity of 46.50% and a net margin of 23.54%. The firm’s revenue was up 26.8% compared to the same quarter last year. During the same quarter last year, the business posted $1.64 earnings per share. Equities research analysts forecast that GE Vernova Inc. will post 16.05 earnings per share for the current fiscal year.

GE Vernova Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 24th. Shareholders of record on Tuesday, October 27th will be paid 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, October 27th. GE Vernova’s dividend payout ratio is currently 5.25%.

GE Vernova Company Profile

GE Vernova Inc (NYSE: GEV) is an energy technology company focused on helping generate, transmit, store and deliver electricity. The company serves utilities, power producers, grid operators, commercial and industrial customers, and other energy-sector participants worldwide.

Its business is organized around three primary areas: Power, Wind and Electrification. Power provides technologies and services for gas and steam power generation, hydropower, nuclear power and other energy systems.