GE Vernova Inc. $GEV Stock Position Lowered by SBI Securities Co. Ltd.

SBI Securities Co. Ltd. decreased its position in GE Vernova Inc. (NYSE:GEV) by 15.6% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 4,753 shares of the company’s stock after selling 879 shares during the period. SBI Securities Co. Ltd.’s holdings in GE Vernova were worth $2,923,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Bay Harbor Wealth Management LLC raised its position in GE Vernova by 537.5% during the third quarter. Bay Harbor Wealth Management LLC now owns 51 shares of the company’s stock valued at $31,000 after buying an additional 43 shares during the period. Elevation Wealth Partners LLC increased its holdings in shares of GE Vernova by 47.2% in the 3rd quarter. Elevation Wealth Partners LLC now owns 53 shares of the company’s stock valued at $33,000 after purchasing an additional 17 shares during the period. Deseret Mutual Benefit Administrators lifted its position in shares of GE Vernova by 112.0% in the third quarter. Deseret Mutual Benefit Administrators now owns 53 shares of the company’s stock worth $33,000 after purchasing an additional 28 shares in the last quarter. WFA Asset Management Corp acquired a new stake in shares of GE Vernova during the second quarter worth approximately $29,000. Finally, Howard Hughes Medical Institute purchased a new position in GE Vernova during the second quarter valued at approximately $31,000.

GE Vernova Stock Down 1.2%

Shares of GEV stock opened at $737.21 on Friday. GE Vernova Inc. has a 12 month low of $252.25 and a 12 month high of $795.50. The company has a market cap of $198.70 billion, a PE ratio of 41.42, a price-to-earnings-growth ratio of 2.97 and a beta of 1.67. The business’s 50 day moving average is $666.37 and its two-hundred day moving average is $627.51.

GE Vernova (NYSE:GEV) last posted its quarterly earnings data on Wednesday, January 28th. The company reported $13.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.99 by $10.40. The business had revenue of $10.96 billion during the quarter, compared to the consensus estimate of $10.21 billion. GE Vernova had a net margin of 12.83% and a return on equity of 46.91%. GE Vernova’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.73 EPS. As a group, equities analysts expect that GE Vernova Inc. will post 6.59 EPS for the current fiscal year.

GE Vernova Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 2nd. Stockholders of record on Monday, January 5th were paid a $0.50 dividend. The ex-dividend date was Monday, January 5th. This is a boost from GE Vernova’s previous quarterly dividend of $0.25. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.3%. GE Vernova’s dividend payout ratio is presently 11.24%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Robert W. Baird set a $923.00 target price on shares of GE Vernova and gave the stock an “outperform” rating in a research report on Wednesday. Rothschild & Co Redburn reaffirmed a “sell” rating and issued a $475.00 target price on shares of GE Vernova in a research report on Wednesday, October 15th. Citigroup lifted their price target on GE Vernova from $708.00 to $779.00 and gave the company a “neutral” rating in a report on Thursday, January 29th. Barclays restated an “overweight” rating and issued a $849.00 price objective on shares of GE Vernova in a report on Monday. Finally, Wells Fargo & Company lifted their target price on shares of GE Vernova from $717.00 to $831.00 and gave the company an “overweight” rating in a research note on Tuesday, December 16th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, GE Vernova currently has a consensus rating of “Moderate Buy” and a consensus price target of $763.19.

GE Vernova Company 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.