Paragon Advisors LLC Buys 953 Shares of GE Vernova Inc. $GEV

Paragon Advisors LLC lifted its position in shares of GE Vernova Inc. (NYSE:GEV – Free Report) by 39.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,377 shares of the company’s stock after purchasing an additional 953 shares during the quarter. Paragon Advisors LLC’s holdings in GE Vernova were worth $3,210,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in GEV. BlackRock Inc. acquired a new position in shares of GE Vernova in the 2nd quarter valued at $25,569,630,000. Bank of America Corp DE acquired a new stake in GE Vernova during the second quarter valued at $2,961,612,000. Bank of New York Mellon Corp acquired a new stake in GE Vernova during the second quarter valued at $2,497,472,000. Jupiter Topco LLC acquired a new stake in GE Vernova during the second quarter valued at $2,371,538,000. Finally, Janus Henderson Group PLC grew its position in GE Vernova by 4,358.6% during the first quarter. Janus Henderson Group PLC now owns 1,519,799 shares of the company’s stock valued at $1,316,076,000 after buying an additional 1,485,712 shares during the period.

Analyst Ratings Changes

A number of research analysts have weighed in on GEV shares. Morgan Stanley cut shares of GE Vernova from an “overweight” rating to an “underweight” rating in a report on Monday, August 3rd. HSBC raised shares of GE Vernova from a “hold” rating to a “buy” rating and increased their target price for the stock from $1,040.00 to $1,100.00 in a research note on Friday, October 30th. William Blair restated an “outperform” rating on shares of GE Vernova in a research report on Monday, August 3rd. Citigroup dropped their target price on GE Vernova from $1,125.00 to $1,000.00 and set a “neutral” rating on the stock in a research report on Thursday, October 29th. Finally, Susquehanna cut their price target on GE Vernova from $1,270.00 to $1,250.00 and set a “positive” rating for the company in a research note on Thursday, October 29th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $1,144.20.

View Our Latest Analysis on GEV

More GE Vernova News

Here are the key news stories impacting GE Vernova this week:

GE Vernova Price Performance

GE Vernova stock opened at $774.74 on Monday. GE Vernova Inc. has a 52-week low of $530.16 and a 52-week high of $1,195.94. The firm has a market capitalization of $205.06 billion, a price-to-earnings ratio of 20.33, a PEG ratio of 2.52 and a beta of 1.25. The company has a quick ratio of 0.62, a current ratio of 0.83 and a debt-to-equity ratio of 0.22. The company has a fifty day simple moving average of $923.33 and a 200-day simple moving average of $944.61.

GE Vernova (NYSE:GEV – Get Free Report) last released its quarterly earnings data on Wednesday, October 28th. The company reported $4.81 EPS for the quarter, beating analysts’ consensus estimates of $4.03 by $0.78. GE Vernova had a net margin of 23.54% and a return on equity of 46.50%. The company had revenue of $12.64 billion during the quarter, compared to the consensus estimate of $11.99 billion. During the same quarter in the prior year, the firm earned $1.64 EPS. GE Vernova’s quarterly revenue was up 26.8% on a year-over-year basis. On average, equities analysts anticipate that GE Vernova Inc. will post 16.13 EPS for the current fiscal year.

GE Vernova Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 24th. Investors of record on Tuesday, October 27th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 0.3%. The ex-dividend date is Tuesday, October 27th. GE Vernova’s dividend payout ratio (DPR) is presently 5.25%.

GE Vernova Profile

(Free Report)

GE Vernova is an energy technology company that designs, manufactures and services equipment used to generate, transmit and distribute electricity. It became an independent public company in April 2024 after separating from General Electric, which had built its energy businesses over more than a century.

The company operates through three main businesses: Power, Wind and Electrification. Its offerings include gas and steam turbines, hydropower technologies and related services; onshore and offshore wind turbines; and grid equipment, power-conversion systems and software used to support electricity networks.

GE Vernova serves utilities, power producers, grid operators and other customers around the world.

See Also

Institutional Ownership by Quarter for GE Vernova (NYSE:GEV)

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