Silvant Capital Management LLC Raises Stock Holdings in GE Vernova Inc. $GEV

Key Points

• Silvant Capital raised its stake in GE Vernova by 3.5% to 82,932 shares (worth about $50.995M), while major institutions including Norges Bank and Capital World Investors added multi-hundred-million to multi-billion-dollar positions, indicating strong institutional accumulation.
• GE Vernova posted a blockbuster quarter with $13.39 EPS (vs. $2.99 expected) and $10.96B in revenue (vs. $10.21B), delivering a 46.9% ROE and a 12.8% net margin.
• The company announced a quarterly dividend of $0.50 (annualized $2.00, yield ~0.2%, ex-dividend March 17), and analysts have an average rating of "Moderate Buy" with a consensus target of $831.29 after several upgrades.

Silvant Capital Management LLC boosted its stake in shares of GE Vernova Inc. (NYSE:GEV - Free Report) by 3.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 82,932 shares of the company's stock after purchasing an additional 2,836 shares during the quarter. GE Vernova comprises 1.8% of Silvant Capital Management LLC's holdings, making the stock its 13th largest holding. Silvant Capital Management LLC's holdings in GE Vernova were worth $50,995,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Norges Bank purchased a new position in shares of GE Vernova in the 2nd quarter worth approximately $1,809,220,000. Capital World Investors lifted its position in GE Vernova by 1,907.5% during the third quarter. Capital World Investors now owns 2,156,197 shares of the company's stock valued at $1,325,842,000 after acquiring an additional 2,048,792 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its position in GE Vernova by 273.7% during the second quarter. Arrowstreet Capital Limited Partnership now owns 1,508,317 shares of the company's stock valued at $798,126,000 after acquiring an additional 1,104,747 shares during the last quarter. Franklin Resources Inc. boosted its stake in GE Vernova by 170.0% in the third quarter. Franklin Resources Inc. now owns 1,175,729 shares of the company's stock valued at $722,956,000 after acquiring an additional 740,339 shares in the last quarter. Finally, Qube Research & Technologies Ltd grew its holdings in GE Vernova by 771.3% in the second quarter. Qube Research & Technologies Ltd now owns 763,226 shares of the company's stock worth $403,861,000 after purchasing an additional 675,629 shares during the last quarter.

GE Vernova Price Performance

NYSE GEV opened at $843.39 on Wednesday. The company has a market cap of $227.32 billion, a price-to-earnings ratio of 47.38, a PEG ratio of 3.29 and a beta of 1.44. The stock's fifty day moving average price is $765.97 and its 200 day moving average price is $667.09. GE Vernova Inc. has a 1 year low of $252.25 and a 1 year high of $894.93.

GE Vernova (NYSE:GEV - Get Free Report) last issued its quarterly earnings results on Wednesday, January 28th. The company reported $13.39 EPS for the quarter, topping analysts' consensus estimates of $2.99 by $10.40. The company had revenue of $10.96 billion during the quarter, compared to analysts' expectations 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 in the previous year, the firm posted $1.73 EPS. Research analysts expect that GE Vernova Inc. will post 6.59 earnings per share for the current year.

GE Vernova Announces Dividend

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 given a $0.50 dividend. The ex-dividend date is Tuesday, March 17th. This represents a $2.00 dividend on an annualized basis and a yield of 0.2%. GE Vernova's dividend payout ratio is currently 11.24%.

Analyst Ratings Changes

Several brokerages have recently commented on GEV. Bank of America increased their price objective on GE Vernova from $725.00 to $804.00 and gave the company a "buy" rating in a report on Wednesday, December 10th. Weiss Ratings raised GE Vernova from a "hold (c)" rating to a "buy (b-)" rating in a research report on Thursday, February 5th. Wall Street Zen upgraded GE Vernova from a "hold" rating to a "buy" rating in a research note on Saturday, January 31st. Guggenheim raised GE Vernova from a "neutral" rating to a "buy" rating and set a $910.00 price target for the company in a report on Friday, January 30th. Finally, Mizuho set a $714.00 price target on GE Vernova in a research note on Tuesday, February 3rd. One analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and three have given a Hold rating to the company. According to MarketBeat, GE Vernova currently has an average rating of "Moderate Buy" and an average target price of $831.29.

About GE Vernova

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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