1,533 Shares in GE Vernova Inc. $GEV Acquired by Stanley Laman Group Ltd.

Key Points

• Stanley Laman Group Ltd. established a new position in GE Vernova in Q4, purchasing 1,533 shares valued at about $1,002,000.
• GE Vernova posted a major quarterly beat with EPS $13.39 vs. $2.99 expected and revenue of $10.96B (vs. $10.21B), alongside a 46.91% ROE and 12.83% net margin.
• Several analysts have turned bullish (including Guggenheim, Oppenheimer and Goldman Sachs), leaving GE Vernova with a consensus Buy rating and an average price target of $889.30, with multiple targets near $920–$925.

Stanley Laman Group Ltd. purchased a new position in shares of GE Vernova Inc. (NYSE:GEV - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 1,533 shares of the company's stock, valued at approximately $1,002,000.

Several other large investors have also recently made changes to their positions in GEV. Jackson Grant Investment Advisers Inc. increased its position in shares of GE Vernova by 344.4% during the third quarter. Jackson Grant Investment Advisers Inc. now owns 40 shares of the company's stock worth $25,000 after purchasing an additional 31 shares in the last quarter. Wealth Watch Advisors INC purchased a new stake in shares of GE Vernova during the third quarter worth approximately $25,000. ORG Wealth Partners LLC increased its position in shares of GE Vernova by 241.7% during the fourth quarter. ORG Wealth Partners LLC now owns 41 shares of the company's stock worth $27,000 after purchasing an additional 29 shares in the last quarter. Bay Harbor Wealth Management LLC increased its position in shares of GE Vernova by 537.5% during the third quarter. Bay Harbor Wealth Management LLC now owns 51 shares of the company's stock worth $31,000 after purchasing an additional 43 shares in the last quarter. Finally, Monetary Management Group Inc. purchased a new stake in shares of GE Vernova during the second quarter worth approximately $32,000.

Analysts Set New Price Targets

Several analysts recently commented on the company. Oppenheimer reiterated an "outperform" rating on shares of GE Vernova in a research report on Thursday, January 29th. Guggenheim upgraded GE Vernova from a "neutral" rating to a "buy" rating and set a $910.00 price target for the company in a research report on Friday, January 30th. Wall Street Zen raised GE Vernova from a "hold" rating to a "buy" rating in a research note on Saturday, January 31st. Robert W. Baird set a $923.00 price objective on GE Vernova and gave the stock an "outperform" rating in a research note on Wednesday, February 4th. Finally, The Goldman Sachs Group boosted their price objective on GE Vernova from $840.00 to $925.00 and gave the stock a "buy" rating in a research note on Thursday, January 29th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, GE Vernova presently has a consensus rating of "Buy" and an average price target of $889.30.

GE Vernova Stock Performance

NYSE GEV opened at $992.16 on Tuesday. The stock's fifty day moving average is $851.93 and its two-hundred day moving average is $705.30. The firm has a market capitalization of $266.75 billion, a P/E ratio of 55.74, a price-to-earnings-growth ratio of 3.90 and a beta of 1.43. GE Vernova Inc. has a fifty-two week low of $306.21 and a fifty-two week high of $1,007.38.

GE Vernova (NYSE:GEV - Get Free Report) last released its quarterly earnings data on Wednesday, January 28th. The company reported $13.39 earnings per share for the quarter, topping analysts' consensus estimates of $2.99 by $10.40. The company had revenue of $10.96 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.73 earnings per share. As a group, sell-side analysts forecast that GE Vernova Inc. will post 6.59 EPS for the current year.

GE Vernova Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 14th. Stockholders of record on Tuesday, March 17th will be paid 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, March 17th. GE Vernova's dividend payout ratio is 11.24%.

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.

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