GE Vernova Inc. $GEV Stock: Oak Grove Capital LLC Boosts Holdings

Key Points

• Oak Grove Capital increased its GE Vernova holdings by 252.3% in the third quarter, bringing its position to 10,265 shares valued at approximately $9.76 million. Several other institutional investors also added to or initiated positions.
• Analysts maintain a generally positive view, with GE Vernova receiving a “Moderate Buy” consensus rating and an average price target of $1,165.87. Recent targets range from $949 to $1,350.
• GE Vernova reported quarterly revenue of $11.10 billion, up 21.9% year over year, though EPS of $2.47 missed estimates. The company also declared a quarterly dividend of $0.50 per share, representing a 0.2% annualized yield.

Oak Grove Capital LLC increased its position in shares of GE Vernova Inc. (NYSE:GEV - Free Report) by 252.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,265 shares of the company's stock after purchasing an additional 7,351 shares during the quarter. Oak Grove Capital LLC's holdings in GE Vernova were worth $9,757,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of GEV. B. Metzler seel. Sohn & Co. AG increased its stake in GE Vernova by 37.7% during the second quarter. B. Metzler seel. Sohn & Co. AG now owns 23,080 shares of the company's stock worth $27,116,000 after acquiring an additional 6,313 shares during the last quarter. Citizens Financial Group Inc. RI acquired a new stake in GE Vernova in the second quarter valued at approximately $8,337,000. Sapient Capital LLC lifted its position in shares of GE Vernova by 31.4% during the 2nd quarter. Sapient Capital LLC now owns 76,038 shares of the company's stock worth $89,372,000 after purchasing an additional 18,188 shares during the last quarter. Processus Wealth & Capital Management LLC purchased a new position in shares of GE Vernova in the 2nd quarter valued at about $2,699,000. Finally, Field & Main Bank acquired a new position in shares of GE Vernova in the 2nd quarter valued at $3,018,000.

Analysts Set New Price Targets

Several equities research analysts have recently commented on GEV shares. Evercore restated an "outperform" rating and set a $1,350.00 price target on shares of GE Vernova in a research note on Thursday, October 1st. Mizuho raised their target price on shares of GE Vernova from $913.00 to $949.00 and gave the stock a "neutral" rating in a research report on Friday, July 24th. TD Cowen upped their price objective on GE Vernova from $1,220.00 to $1,235.00 and gave the stock a "buy" rating in a report on Thursday, July 23rd. BNP Paribas Exane lowered their target price on GE Vernova from $1,190.00 to $1,090.00 and set a "neutral" rating for the company in a research note on Thursday, August 20th. Finally, BMO Capital Markets restated an "outperform" rating and set a $1,250.00 price objective (up from $1,110.00) on shares of GE Vernova in a report on Friday, August 7th. 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 given a Sell rating to the stock. According to MarketBeat.com, GE Vernova currently has an average rating of "Moderate Buy" and an average price target of $1,165.87.

GE Vernova Trading Up 0.4%

NYSE GEV opened at $1,003.83 on Friday. The stock has a market cap of $267.35 billion, a price-to-earnings ratio of 28.73, a PEG ratio of 3.46 and a beta of 1.14. The firm's 50 day moving average price is $967.78 and its two-hundred day moving average price is $998.65. 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 twelve month low of $530.16 and a twelve month high of $1,195.94.

GE Vernova (NYSE:GEV - Get Free Report) last released its quarterly earnings data on Wednesday, July 22nd. The company reported $2.47 earnings per share for the quarter, missing the consensus estimate of $3.17 by ($0.70). The company had revenue of $11.10 billion during the quarter, compared to analyst estimates of $10.79 billion. GE Vernova had a net margin of 23.03% and a return on equity of 42.42%. The firm's quarterly revenue was up 21.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.86 EPS. Equities analysts anticipate that GE Vernova Inc. will post 15.03 EPS for the current year.

GE Vernova Announces Dividend

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

GE Vernova Company Profile

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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