GE Vernova Inc. $GEV Stock Holdings Lowered by Neville Rodie & Shaw Inc.

Key Points

• Neville Rodie & Shaw cut its GE Vernova stake by 13.4% in the third quarter, leaving it with 14,724 shares valued at approximately $14.0 million. Other institutional investors, including MassMutual Private Wealth & Trust and CX Institutional, significantly increased their positions.
• Analysts remain broadly positive, with GE Vernova receiving a consensus “Moderate Buy” rating and an average price target of $1,171.87. Recent targets range from $1,298 to $1,450.
• GE Vernova shares rose 0.3% to $991.36, while quarterly revenue increased 21.9% year over year to $11.10 billion; however, EPS of $2.47 missed the $3.17 consensus estimate. The company also declared a quarterly dividend of $0.50 per share.

Neville Rodie & Shaw Inc. reduced its stake in shares of GE Vernova Inc. (NYSE:GEV - Free Report) by 13.4% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 14,724 shares of the company's stock after selling 2,275 shares during the period. GE Vernova makes up approximately 1.0% of Neville Rodie & Shaw Inc.'s portfolio, making the stock its 27th biggest holding. Neville Rodie & Shaw Inc.'s holdings in GE Vernova were worth $13,995,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently modified their holdings of GEV. Ferguson Wellman Capital Management Inc. grew its holdings in GE Vernova by 0.7% in the third quarter. Ferguson Wellman Capital Management Inc. now owns 2,915 shares of the company's stock valued at $2,771,000 after purchasing an additional 19 shares during the period. Eastern Bank raised its position in GE Vernova by 9.9% during the third quarter. Eastern Bank now owns 3,670 shares of the company's stock worth $3,488,000 after acquiring an additional 330 shares during the period. Heartwood Wealth Advisors LLC grew its position in shares of GE Vernova by 8.6% in the third quarter. Heartwood Wealth Advisors LLC now owns 304 shares of the company's stock valued at $289,000 after purchasing an additional 24 shares during the period. MassMutual Private Wealth & Trust FSB raised its position in shares of GE Vernova by 604.7% during the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 8,245 shares of the company's stock worth $7,837,000 after purchasing an additional 7,075 shares during the last quarter. Finally, CX Institutional lifted its stake in GE Vernova by 396.2% in the 3rd quarter. CX Institutional now owns 13,294 shares of the company's stock valued at $12,636,000 after buying an additional 10,615 shares in the last quarter.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Sanford C. Bernstein reaffirmed an "outperform" rating and set a $1,298.00 target price (up from $1,206.00) on shares of GE Vernova in a report on Tuesday, September 15th. Oppenheimer boosted their target price on GE Vernova from $1,303.00 to $1,338.00 and gave the stock an "outperform" rating in a report on Thursday, July 23rd. Guggenheim lifted their price objective on GE Vernova from $1,300.00 to $1,450.00 and gave the stock a "buy" rating in a research report on Thursday, July 23rd. Evercore reissued an "outperform" rating and set a $1,350.00 price objective on shares of GE Vernova in a research note on Thursday. Finally, Wall Street Zen downgraded GE Vernova from a "buy" rating to a "hold" rating in a research note on Saturday, July 25th. Two analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat, GE Vernova has a consensus rating of "Moderate Buy" and a consensus price target of $1,171.87.

GE Vernova Stock Up 0.3%

GEV traded up $2.66 during trading hours on Monday, hitting $991.36. 903,866 shares of the company's stock were exchanged, compared to its average volume of 2,650,526. 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 $963.65 and a 200 day moving average of $994.45. The firm has a market cap of $264.03 billion, a P/E ratio of 28.39, a price-to-earnings-growth ratio of 3.35 and a beta of 1.14. The company has a current ratio of 0.85, a quick ratio of 0.62 and a debt-to-equity ratio of 0.21.

GE Vernova (NYSE:GEV - Get Free Report) last posted its quarterly earnings results on Wednesday, July 22nd. The company reported $2.47 earnings per share (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 company had revenue of $11.10 billion during the quarter, compared to analyst estimates of $10.79 billion. During the same period in the prior year, the business earned $1.86 EPS. GE Vernova's revenue for the quarter was up 21.9% on a year-over-year basis. Analysts predict that GE Vernova Inc. will post 15.38 EPS for the current fiscal year.

GE Vernova Dividend Announcement

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

About GE Vernova

GE Vernova Inc NYSE: GEV is an energy technology company formed through the separation of General Electric's energy businesses in April 2024. The company is focused on helping generate, transmit, distribute and store electricity as power systems adapt to rising demand and the transition toward lower-carbon energy sources.

GE Vernova operates across three principal business areas: Power, Wind and Electrification. Its products and services include gas and steam power generation equipment, nuclear and hydropower technologies, onshore and offshore wind turbines, wind services, grid equipment, electrification systems, energy storage solutions and software used to monitor and manage energy infrastructure.

The company serves utilities, independent power producers, industrial customers and other energy-sector organizations in markets around the world.

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