WJ Financial Advisors LLC Purchases Shares of 785 GE Vernova Inc. $GEV

WJ Financial Advisors LLC acquired a new stake in shares of GE Vernova Inc. (NYSE:GEV) in the third quarter, HoldingsChannel reports. The institutional investor acquired 785 shares of the company’s stock, valued at approximately $483,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Synergy Asset Management LLC increased its stake in GE Vernova by 300.0% in the 3rd quarter. Synergy Asset Management LLC now owns 1,884 shares of the company’s stock worth $1,078,000 after acquiring an additional 1,413 shares during the last quarter. J.W. Cole Advisors Inc. boosted its position in shares of GE Vernova by 25.3% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 16,247 shares of the company’s stock valued at $9,990,000 after acquiring an additional 3,278 shares during the last quarter. Kercheville Advisors LLC grew its holdings in shares of GE Vernova by 238.3% in the third quarter. Kercheville Advisors LLC now owns 4,905 shares of the company’s stock valued at $3,016,000 after purchasing an additional 3,455 shares in the last quarter. Dupree Financial Group LLC bought a new stake in GE Vernova in the second quarter worth $253,000. Finally, Rakuten Investment Management Inc. purchased a new stake in GE Vernova during the third quarter valued at $18,601,000.

GE Vernova Stock Performance

GEV opened at $801.76 on Friday. The stock’s 50 day moving average price is $689.84 and its 200-day moving average price is $635.49. GE Vernova Inc. has a one year low of $252.25 and a one year high of $846.00. The stock has a market cap of $216.10 billion, a price-to-earnings ratio of 45.04, a P/E/G ratio of 3.25 and a beta of 1.67.

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

GE Vernova Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, February 2nd. Stockholders of record on Monday, January 5th were paid a dividend of $0.50 per share. This is an increase 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 0.2%. The ex-dividend date of this dividend was Monday, January 5th. GE Vernova’s payout ratio is presently 11.24%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Mizuho set a $714.00 price objective on shares of GE Vernova in a research note on Tuesday, February 3rd. Citigroup lifted their price target on GE Vernova from $708.00 to $779.00 and gave the stock a “neutral” rating in a research report on Thursday, January 29th. Wolfe Research upgraded GE Vernova from a “peer perform” rating to a “buy” rating in a research report on Wednesday, December 10th. Wall Street Zen raised GE Vernova from a “hold” rating to a “buy” rating in a research note on Saturday, January 31st. Finally, Evercore boosted their target price on GE Vernova from $860.00 to $905.00 and gave the company an “outperform” rating in a research report on Thursday, January 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $788.24.

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.