GE Vernova Inc. $GEV Shares Acquired by International Assets Investment Management LLC

International Assets Investment Management LLC lifted its stake in shares of GE Vernova Inc. (NYSE:GEV) by 24.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,849 shares of the company’s stock after purchasing an additional 955 shares during the quarter. International Assets Investment Management LLC’s holdings in GE Vernova were worth $3,169,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Jackson Grant Investment Advisers Inc. raised its position in shares of GE Vernova by 344.4% during the 3rd quarter. Jackson Grant Investment Advisers Inc. now owns 40 shares of the company’s stock worth $25,000 after purchasing an additional 31 shares during the period. Wealth Watch Advisors INC acquired a new stake in shares of GE Vernova during the 3rd quarter worth approximately $25,000. Torren Management LLC acquired a new stake in shares of GE Vernova during the 4th quarter worth approximately $26,000. ORG Wealth Partners LLC raised its position in shares of GE Vernova by 241.7% during the 4th quarter. ORG Wealth Partners LLC now owns 41 shares of the company’s stock worth $27,000 after purchasing an additional 29 shares during the period. Finally, Monetary Management Group Inc. acquired a new stake in GE Vernova in the 2nd quarter valued at approximately $32,000.

GE Vernova Stock Down 6.6%

GEV opened at $1,044.82 on Friday. The stock’s 50 day moving average price is $933.83 and its 200 day moving average price is $755.75. 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 has a market cap of $280.76 billion, a P/E ratio of 30.43, a P/E/G ratio of 4.19 and a beta of 1.51. GE Vernova Inc. has a 12 month low of $387.03 and a 12 month high of $1,181.95.

GE Vernova (NYSE:GEV) last issued its quarterly 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. The firm had revenue of $9.34 billion during the quarter, compared to analyst estimates of $9.19 billion. GE Vernova had a return on equity of 43.97% and a net margin of 23.81%.The firm’s quarterly revenue was up 17.0% on a year-over-year basis. During the same period last year, the company posted $0.91 EPS. As a group, research analysts predict that GE Vernova Inc. will post 14.84 earnings per share for the current year.

GE Vernova Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 14th. Shareholders of record on Tuesday, March 17th were paid 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 was Tuesday, March 17th. GE Vernova’s dividend payout ratio (DPR) is presently 5.83%.

Analyst Upgrades and Downgrades

Several analysts recently commented on GEV shares. UBS Group restated a “buy” rating on shares of GE Vernova in a research report on Thursday, January 29th. Glj Research raised their target price on GE Vernova from $758.00 to $1,087.00 and gave the company a “buy” rating in a research report on Monday, January 12th. Guggenheim raised their target price on GE Vernova from $910.00 to $1,300.00 and gave the company a “buy” rating in a research report on Thursday, April 23rd. China Renaissance upgraded GE Vernova to a “strong-buy” rating in a research report on Thursday, January 29th. Finally, Robert W. Baird raised their target price on GE Vernova from $1,008.00 to $1,400.00 and gave the company an “outperform” rating in a research report on Thursday, April 23rd. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $1,090.76.

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.