Montrusco Bolton Investments Inc. Buys 11,715 Shares of GE Vernova Inc. $GEV

Key Points

• Montrusco Bolton Investments increased its GE Vernova stake by 15.5% in the third quarter, adding 11,715 shares and bringing its holdings to 87,243 shares valued at approximately $82.9 million.
• Analyst sentiment remains broadly positive, with GE Vernova receiving a consensus “Moderate Buy” rating and an average price target of $1,165.87, despite individual ratings ranging from “Strong Buy” to “Sell.”
• GE Vernova shares rose 0.6% to $1,002.72, while the company reported quarterly revenue of $11.1 billion but missed EPS expectations. It also declared a quarterly dividend of $0.50 per share, equating to a 0.2% annualized yield.

Montrusco Bolton Investments Inc. increased its stake in GE Vernova Inc. (NYSE:GEV - Free Report) by 15.5% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 87,243 shares of the company's stock after acquiring an additional 11,715 shares during the period. GE Vernova makes up 1.3% of Montrusco Bolton Investments Inc.'s investment portfolio, making the stock its 23rd largest position. Montrusco Bolton Investments Inc.'s holdings in GE Vernova were worth $82,924,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. Cascade Investment Group Inc. purchased a new position in shares of GE Vernova in the 3rd quarter worth $229,000. First County Bank CT purchased a new stake in GE Vernova during the third quarter valued at about $259,000. Ring Mountain Capital LLC increased its stake in GE Vernova by 9.5% during the third quarter. Ring Mountain Capital LLC now owns 683 shares of the company's stock worth $649,000 after acquiring an additional 59 shares during the last quarter. Steel Grove Capital Advisors LLC acquired a new stake in GE Vernova during the third quarter worth about $560,000. Finally, McCollum Christoferson Group LLC raised its holdings in shares of GE Vernova by 28.0% in the 3rd quarter. McCollum Christoferson Group LLC now owns 302 shares of the company's stock worth $287,000 after purchasing an additional 66 shares during the period.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on GEV. The Goldman Sachs Group raised GE Vernova from a "buy" rating to a "market outperform" rating in a research note on Monday, September 14th. Sanford C. Bernstein restated an "outperform" rating and issued a $1,298.00 price target (up from $1,206.00) on shares of GE Vernova in a report on Tuesday, September 15th. Royal Bank Of Canada lifted their price target on shares of GE Vernova from $1,195.00 to $1,225.00 and gave the company an "outperform" rating in a research report on Thursday, July 23rd. Wall Street Zen downgraded shares of GE Vernova from a "buy" rating to a "hold" rating in a research note on Saturday, July 25th. Finally, Glj Research started coverage on shares of GE Vernova in a research report on Monday, September 14th. They issued a "sell" rating and a $470.00 price objective for the company. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat.com, GE Vernova currently has an average rating of "Moderate Buy" and a consensus target price of $1,165.87.

GE Vernova Stock Up 0.6%

Shares of GEV traded up $5.92 during midday trading on Tuesday, reaching $1,002.72. 1,898,048 shares of the company were exchanged, compared to its average volume of 2,628,845. GE Vernova Inc. has a 1-year low of $530.16 and a 1-year high of $1,195.94. The stock has a 50-day moving average price of $967.54 and a 200-day moving average price of $1,000.09. The company has a current ratio of 0.85, a quick ratio of 0.62 and a debt-to-equity ratio of 0.21. The company has a market cap of $267.05 billion, a price-to-earnings ratio of 28.70, a P/E/G ratio of 3.48 and a beta of 1.14.

GE Vernova (NYSE:GEV - Get Free Report) last posted its 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). 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%. GE Vernova's quarterly revenue was up 21.9% compared to the same quarter last year. During the same quarter last year, the business posted $1.86 EPS. Research analysts expect that GE Vernova Inc. will post 15.03 earnings per share for the current year.

GE Vernova Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 24th. Shareholders of record on Tuesday, October 27th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date is Tuesday, October 27th. 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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