GE Vernova Inc. $GEV Shares Acquired by J.W. Cole Advisors Inc.

Key Points

• J.W. Cole Advisors increased its stake in GE Vernova (NYSE:GEV) by 25.3%, adding 3,278 shares to hold 16,247 shares worth about $9.99 million, according to its latest SEC filing.
• GE Vernova reported a blowout quarter (Jan. 28) with EPS of $13.39 vs. $2.99 expected and revenue of $10.96 billion vs. $10.21 billion consensus, showing strong profitability (ROE 46.91%, net margin 12.83%).
• The company raised its quarterly dividend to $0.50 (annualized $2.00) from $0.25, implying a 0.3% yield and a payout ratio of about 11.24%.

J.W. Cole Advisors Inc. increased its holdings in shares of GE Vernova Inc. (NYSE:GEV - Free Report) by 25.3% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 16,247 shares of the company's stock after acquiring an additional 3,278 shares during the period. J.W. Cole Advisors Inc.'s holdings in GE Vernova were worth $9,990,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. WFA Asset Management Corp acquired a new position in shares of GE Vernova during the 2nd quarter worth approximately $29,000. Howard Hughes Medical Institute purchased a new stake in GE Vernova in the 2nd quarter worth $31,000. Bay Harbor Wealth Management LLC raised its position in 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 acquiring an additional 43 shares during the period. Monetary Management Group Inc. acquired a new position in GE Vernova during the second quarter worth $32,000. Finally, Elevation Wealth Partners LLC lifted its holdings in GE Vernova by 47.2% during the third quarter. Elevation Wealth Partners LLC now owns 53 shares of the company's stock valued at $33,000 after purchasing an additional 17 shares in the last quarter.

GE Vernova Price Performance

GEV stock opened at $778.76 on Wednesday. GE Vernova Inc. has a 1 year low of $252.25 and a 1 year high of $791.95. The firm has a market capitalization of $209.90 billion, a PE ratio of 43.75, a price-to-earnings-growth ratio of 3.04 and a beta of 1.67. The business has a 50 day simple moving average of $660.34 and a 200-day simple moving average of $625.91.

GE Vernova (NYSE:GEV - Get Free Report) last announced its quarterly earnings data on Wednesday, January 28th. The company reported $13.39 EPS for the quarter, topping analysts' consensus estimates of $2.99 by $10.40. The firm had revenue of $10.96 billion for the quarter, compared to the consensus estimate 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 was up 3.8% compared to the same quarter last year. During the same quarter last year, the business posted $1.73 earnings per share. On average, equities research analysts expect that GE Vernova Inc. will post 6.59 EPS for the current year.

GE Vernova Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, February 2nd. Stockholders of record on Monday, January 5th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend was Monday, January 5th. This is a positive change from GE Vernova's previous quarterly dividend of $0.25. GE Vernova's dividend payout ratio is presently 11.24%.

Analyst Ratings Changes

A number of analysts have recently commented on GEV shares. Jefferies Financial Group reissued a "buy" rating and set a $930.00 target price on shares of GE Vernova in a research note on Thursday, January 29th. Wolfe Research upgraded GE Vernova from a "peer perform" rating to a "buy" rating in a research note on Wednesday, December 10th. The Goldman Sachs Group raised their target price on GE Vernova from $840.00 to $925.00 and gave the company a "buy" rating in a research report on Thursday, January 29th. Rothschild & Co Redburn reaffirmed a "sell" rating and issued a $475.00 price target on shares of GE Vernova in a research note on Wednesday, October 15th. Finally, BMO Capital Markets reiterated an "outperform" rating and set a $785.00 price target on shares of GE Vernova in a research report on Thursday, January 29th. Two investment analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, five have given a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $763.19.

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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