Stablepoint Partners LLC Purchases New Holdings in GE Vernova Inc. $GEV

Stablepoint Partners LLC acquired a new position in shares of GE Vernova Inc. (NYSE:GEV) in the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 590 shares of the company’s stock, valued at approximately $312,000.

A number of other hedge funds have also made changes to their positions in the company. WFA Asset Management Corp acquired a new stake in shares of GE Vernova in the second quarter worth approximately $29,000. 1248 Management LLC purchased a new position in GE Vernova in the 1st quarter valued at $31,000. Saudi Central Bank acquired a new stake in GE Vernova during the 1st quarter worth $33,000. Ransom Advisory Ltd acquired a new stake in GE Vernova during the 1st quarter worth $33,000. Finally, Highline Wealth Partners LLC grew its holdings in shares of GE Vernova by 34.6% during the second quarter. Highline Wealth Partners LLC now owns 70 shares of the company’s stock worth $37,000 after buying an additional 18 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on GEV. BMO Capital Markets raised their price target on shares of GE Vernova from $690.00 to $710.00 and gave the stock an “outperform” rating in a research note on Thursday, October 23rd. Melius Research set a $740.00 target price on shares of GE Vernova and gave the stock a “buy” rating in a research note on Monday, September 15th. HSBC boosted their target price on GE Vernova from $570.00 to $580.00 and gave the stock a “hold” rating in a report on Friday, September 5th. Rothschild & Co Redburn reaffirmed a “sell” rating and issued a $475.00 price target on shares of GE Vernova in a report on Wednesday, October 15th. Finally, Cowen reiterated a “buy” rating on shares of GE Vernova in a research report on Thursday, October 23rd. Four investment analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, GE Vernova presently has a consensus rating of “Moderate Buy” and an average price target of $607.81.

GE Vernova Stock Up 1.3%

GEV stock opened at $597.59 on Friday. GE Vernova Inc. has a 52-week low of $252.25 and a 52-week high of $677.29. The stock has a market cap of $162.14 billion, a price-to-earnings ratio of 97.33, a price-to-earnings-growth ratio of 4.46 and a beta of 1.68. The business has a fifty day moving average of $592.17 and a two-hundred day moving average of $569.62.

GE Vernova (NYSE:GEV) last released its quarterly earnings results on Wednesday, October 22nd. The company reported $1.64 earnings per share for the quarter, missing analysts’ consensus estimates of $1.72 by ($0.08). The business had revenue of $9.97 billion for the quarter, compared to analysts’ expectations of $9.15 billion. GE Vernova had a return on equity of 17.07% and a net margin of 4.52%.The business’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.35) earnings per share. GE Vernova has set its FY 2025 guidance at EPS. As a group, sell-side analysts anticipate that GE Vernova Inc. will post 6.59 EPS for the current year.

GE Vernova Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, November 17th. Shareholders of record on Monday, October 20th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend was Monday, October 20th. GE Vernova’s dividend payout ratio (DPR) is 16.29%.

GE Vernova Company Profile

GE Vernova LLC, an energy business company, generates electricity. It operates under three segments: Power, Wind, and Electrification. The Power segments generates and sells electricity through hydro, gas, nuclear, and steam power. Wind segment engages in the manufacturing and sale of wind turbine blades; and Electrification segment provides grid solutions, power conversion, solar, and storage solutions.