GE Vernova Inc. $GEV Shares Acquired by Mariner LLC

Mariner LLC raised its holdings in GE Vernova Inc. (NYSE:GEV) by 8.8% during the third quarter, Holdings Channel.com reports. The firm owned 463,346 shares of the company’s stock after purchasing an additional 37,396 shares during the period. Mariner LLC’s holdings in GE Vernova were worth $284,852,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Brighton Jones LLC lifted its holdings in shares of GE Vernova by 29.4% in the 4th quarter. Brighton Jones LLC now owns 3,315 shares of the company’s stock worth $1,091,000 after acquiring an additional 753 shares during the last quarter. Schnieders Capital Management LLC. increased its holdings in GE Vernova by 1.7% in the 2nd quarter. Schnieders Capital Management LLC. now owns 1,564 shares of the company’s stock valued at $828,000 after purchasing an additional 26 shares during the last quarter. Foundations Investment Advisors LLC raised its position in GE Vernova by 9.1% in the second quarter. Foundations Investment Advisors LLC now owns 2,620 shares of the company’s stock valued at $1,387,000 after purchasing an additional 218 shares during the period. Empower Advisory Group LLC purchased a new stake in GE Vernova in the second quarter valued at approximately $286,000. Finally, WealthShield Partners LLC acquired a new position in GE Vernova during the second quarter worth $275,000.

GE Vernova Stock Up 2.6%

NYSE:GEV opened at $825.99 on Tuesday. The company has a market capitalization of $222.63 billion, a PE ratio of 46.40, a P/E/G ratio of 3.20 and a beta of 1.44. GE Vernova Inc. has a 52-week low of $252.25 and a 52-week high of $894.93. The stock’s 50 day moving average price is $762.83 and its 200 day moving average price is $665.47.

GE Vernova (NYSE:GEV) last issued its quarterly earnings data on Wednesday, January 28th. The company reported $13.39 earnings per share for the quarter, beating analysts’ consensus estimates of $2.99 by $10.40. The company had revenue of $10.96 billion during the quarter, compared to analysts’ expectations of $10.21 billion. GE Vernova had a return on equity of 46.91% and a net margin of 12.83%.The firm’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.73 earnings per share. As a group, sell-side analysts anticipate that GE Vernova Inc. will post 6.59 EPS for the current fiscal year.

GE Vernova Dividend Announcement

The business 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 dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend is Tuesday, March 17th. GE Vernova’s dividend payout ratio (DPR) is presently 11.24%.

Analyst Ratings Changes

A number of analysts have issued reports on GEV shares. Morgan Stanley reiterated an “overweight” rating and set a $817.00 price target on shares of GE Vernova in a research note on Monday, January 26th. BMO Capital Markets restated an “outperform” rating and issued a $785.00 price target on shares of GE Vernova in a research note on Thursday, January 29th. Citigroup boosted their price objective on shares of GE Vernova from $708.00 to $779.00 and gave the stock a “neutral” rating in a research report on Thursday, January 29th. The Goldman Sachs Group upped 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. Finally, China Renaissance raised shares of GE Vernova to a “strong-buy” rating in a research report on Thursday, January 29th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $831.29.

GE Vernova 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.