GE Vernova Inc. $GEV Stock Holdings Boosted by Overbrook Management Corp

Key Points

• Overbrook Management Corp boosted its stake in GE Vernova by 71.3% in Q4, owning 15,151 shares worth $9.902 million — about 1.7% of Overbrook's holdings and its 20th-largest position.
• GE Vernova posted a major quarterly beat with $13.39 EPS vs. $2.99 expected and revenue of $10.96 billion (vs. $10.21B est.), with a 46.91% ROE and 12.83% net margin; market cap is $237.9 billion and the 1-year trading range is $252.25–$920.63.
• The company announced a quarterly dividend of $0.50 (annualized $2.00, yield 0.2%, ex-dividend March 17, payable April 14) and carries an average analyst rating of "Moderate Buy" with an average target price of $837.25.

Overbrook Management Corp boosted its position in GE Vernova Inc. (NYSE:GEV - Free Report) by 71.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 15,151 shares of the company's stock after purchasing an additional 6,306 shares during the quarter. GE Vernova comprises 1.7% of Overbrook Management Corp's holdings, making the stock its 20th biggest position. Overbrook Management Corp's holdings in GE Vernova were worth $9,902,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Capital Asset Advisory Services LLC increased its stake in shares of GE Vernova by 9.1% in the fourth quarter. Capital Asset Advisory Services LLC now owns 382 shares of the company's stock valued at $262,000 after purchasing an additional 32 shares during the period. Community Trust & Investment Co. acquired a new position in shares of GE Vernova during the fourth quarter worth approximately $225,000. SG Americas Securities LLC boosted its position in shares of GE Vernova by 10,288.6% during the fourth quarter. SG Americas Securities LLC now owns 418,661 shares of the company's stock worth $273,624,000 after buying an additional 414,631 shares during the period. Assenagon Asset Management S.A. grew its holdings in GE Vernova by 8.7% in the 4th quarter. Assenagon Asset Management S.A. now owns 9,515 shares of the company's stock worth $6,219,000 after buying an additional 760 shares in the last quarter. Finally, 180 Wealth Advisors LLC grew its holdings in GE Vernova by 16.1% in the 4th quarter. 180 Wealth Advisors LLC now owns 3,409 shares of the company's stock worth $2,228,000 after buying an additional 473 shares in the last quarter.

GE Vernova Price Performance

GEV opened at $882.66 on Tuesday. The business has a 50 day moving average price of $784.19 and a two-hundred day moving average price of $674.79. The company has a market capitalization of $237.90 billion, a price-to-earnings ratio of 49.59, a price-to-earnings-growth ratio of 3.39 and a beta of 1.45. GE Vernova Inc. has a 1-year low of $252.25 and a 1-year high of $920.63.

GE Vernova (NYSE:GEV - Get Free Report) last issued its quarterly earnings results on Wednesday, January 28th. The company reported $13.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.99 by $10.40. GE Vernova had a return on equity of 46.91% and a net margin of 12.83%.The company had revenue of $10.96 billion for the quarter, compared to analysts' expectations of $10.21 billion. During the same period last year, the firm earned $1.73 EPS. The firm's revenue for the quarter was up 3.8% on a year-over-year basis. Equities analysts expect that GE Vernova Inc. will post 6.59 EPS for the current fiscal year.

GE Vernova Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 14th. Investors of record on Tuesday, March 17th will be issued 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 payout ratio is presently 11.24%.

Wall Street Analyst Weigh In

Several analysts have weighed in on GEV shares. William Blair reaffirmed an "outperform" rating on shares of GE Vernova in a research note on Wednesday, December 10th. Erste Group Bank began coverage on GE Vernova in a research note on Thursday, March 5th. They issued a "buy" rating for the company. UBS Group reissued a "buy" rating on shares of GE Vernova in a report on Thursday, January 29th. Wolfe Research upgraded shares of GE Vernova from a "peer perform" rating to a "buy" rating in a research note on Wednesday, December 10th. Finally, China Renaissance raised shares of GE Vernova to a "strong-buy" rating in a report on Thursday, January 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, GE Vernova has an average rating of "Moderate Buy" and an average target price of $837.25.

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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