564 GE Vernova Inc. $GEV Shares Sold by Teamwork Financial Advisors LLC

Teamwork Financial Advisors LLC lessened its position in GE Vernova Inc. (NYSE:GEV) by 3.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,321 shares of the company’s stock after selling 564 shares during the quarter. GE Vernova accounts for 1.6% of Teamwork Financial Advisors LLC’s portfolio, making the stock its 20th largest position. Teamwork Financial Advisors LLC’s holdings in GE Vernova were worth $14,563,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Manning & Napier Advisors LLC lifted its stake in GE Vernova by 68.4% in the first quarter. Manning & Napier Advisors LLC now owns 32 shares of the company’s stock worth $26,000 after purchasing an additional 13 shares during the last quarter. Parvin Asset Management LLC purchased a new position in shares of GE Vernova during the second quarter valued at approximately $32,000. Strategic Wealth Advisors LLC purchased a new position in shares of GE Vernova during the second quarter valued at approximately $35,000. Pingora Partners LLC purchased a new position in shares of GE Vernova during the second quarter valued at approximately $36,000. Finally, IMG Wealth Management Inc. purchased a new position in shares of GE Vernova during the second quarter valued at approximately $39,000.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on GEV shares. Royal Bank Of Canada upped their target price on GE Vernova from $1,195.00 to $1,225.00 and gave the company an “outperform” rating in a research note on Thursday, July 23rd. Glj Research assumed coverage on GE Vernova in a research note on Monday, September 14th. They set a “sell” rating and a $470.00 price target for the company. BMO Capital Markets reissued an “outperform” rating and set a $1,250.00 price target (up from $1,110.00) on shares of GE Vernova in a research note on Friday, August 7th. Mizuho boosted their price objective on GE Vernova from $913.00 to $949.00 and gave the company a “neutral” rating in a report on Friday, July 24th. Finally, President Capital boosted their price objective on GE Vernova from $1,368.00 to $1,398.00 and gave the company a “buy” rating in a report on Wednesday, July 29th. Two research analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $1,164.87.

GE Vernova Stock Down 1.5%

GE Vernova stock traded down $13.42 during midday trading on Monday, hitting $907.78. 2,615,869 shares of the company’s stock were exchanged, compared to its average volume of 2,638,957. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.62 and a current ratio of 0.85. GE Vernova Inc. has a 12 month low of $530.16 and a 12 month high of $1,195.94. The firm has a 50-day moving average of $961.19 and a two-hundred day moving average of $1,002.63. The company has a market cap of $241.77 billion, a PE ratio of 25.98, a P/E/G ratio of 3.19 and a beta of 1.14.

GE Vernova (NYSE:GEV) last posted its earnings results on Wednesday, July 22nd. The company reported $2.47 EPS for the quarter, missing analysts’ consensus estimates of $3.17 by ($0.70). GE Vernova had a net margin of 23.03% and a return on equity of 42.42%. The business had revenue of $11.10 billion for the quarter, compared to analysts’ expectations of $10.79 billion. During the same period last year, the business posted $1.86 EPS. The company’s revenue for the quarter was up 21.9% on a year-over-year basis. As a group, analysts expect that GE Vernova Inc. will post 15.04 earnings per share for the current fiscal year.

GE Vernova Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 24th. Stockholders of record on Tuesday, October 27th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend is Tuesday, October 27th. GE Vernova’s payout ratio is presently 5.72%.

GE Vernova 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.