GE Vernova Inc. $GEV Shares Acquired by Harold Davidson & Associates Inc.

Harold Davidson & Associates Inc. increased its position in GE Vernova Inc. (NYSE:GEV) by 466.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,255 shares of the company’s stock after purchasing an additional 1,857 shares during the quarter. Harold Davidson & Associates Inc.’s holdings in GE Vernova were worth $1,387,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC raised its holdings in GE Vernova by 29.4% in the fourth quarter. Brighton Jones LLC now owns 3,315 shares of the company’s stock valued at $1,091,000 after acquiring an additional 753 shares in the last quarter. Schnieders Capital Management LLC. raised its stake in shares of GE Vernova by 1.7% in the 2nd quarter. Schnieders Capital Management LLC. now owns 1,564 shares of the company’s stock valued at $828,000 after purchasing an additional 26 shares in the last quarter. DekaBank Deutsche Girozentrale bought a new position in shares of GE Vernova during the second quarter worth about $79,857,000. Phoenix Financial Ltd. bought a new position in shares of GE Vernova during the second quarter worth about $806,000. Finally, D.A. Davidson & CO. grew its stake in GE Vernova by 14.4% in the second quarter. D.A. Davidson & CO. now owns 8,036 shares of the company’s stock worth $4,252,000 after purchasing an additional 1,010 shares in the last quarter.

Analyst Upgrades and Downgrades

GEV has been the topic of several research reports. Citigroup upped their price target on GE Vernova from $708.00 to $779.00 and gave the company a “neutral” rating in a research report on Thursday, January 29th. Jefferies Financial Group reiterated a “buy” rating and set a $930.00 price target on shares of GE Vernova in a research report on Thursday, January 29th. Evercore boosted their price objective on GE Vernova from $860.00 to $905.00 and gave the company an “outperform” rating in a research report on Thursday, January 29th. Robert W. Baird set a $923.00 target price on GE Vernova and gave the stock an “outperform” rating in a research report on Wednesday, February 4th. Finally, Barclays reissued an “overweight” rating and set a $849.00 price target on shares of GE Vernova in a report on Monday, February 2nd. One research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $788.24.

GE Vernova Stock Performance

NYSE:GEV opened at $818.88 on Thursday. The stock has a market cap of $220.71 billion, a price-to-earnings ratio of 46.00, a PEG ratio of 3.26 and a beta of 1.67. GE Vernova Inc. has a 1 year low of $252.25 and a 1 year high of $846.00. The business has a fifty day moving average of $699.24 and a 200-day moving average of $638.78.

GE Vernova (NYSE:GEV) last posted its quarterly earnings data on Wednesday, January 28th. The company reported $13.39 earnings per share 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%. The company’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.73 earnings per share. On average, equities research analysts predict that GE Vernova Inc. will post 6.59 EPS for the current year.

GE Vernova Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 14th. Stockholders of record on Tuesday, March 17th will be issued a $0.50 dividend. The ex-dividend date is Tuesday, March 17th. This represents a $2.00 annualized dividend and a dividend yield of 0.2%. GE Vernova’s dividend payout ratio (DPR) is 11.24%.

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.