1,810 Shares in GE Vernova Inc. $GEV Acquired by Purkiss Capital Advisors LLC

Purkiss Capital Advisors LLC acquired a new stake in shares of GE Vernova Inc. (NYSE:GEV) in the fourth quarter, HoldingsChannel.com reports. The firm acquired 1,810 shares of the company’s stock, valued at approximately $1,183,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Capital World Investors boosted its position in GE Vernova by 1,907.5% in the third quarter. Capital World Investors now owns 2,156,197 shares of the company’s stock valued at $1,325,842,000 after buying an additional 2,048,792 shares in the last quarter. Franklin Resources Inc. increased its holdings in shares of GE Vernova by 170.0% during the third quarter. Franklin Resources Inc. now owns 1,175,729 shares of the company’s stock worth $722,956,000 after buying an additional 740,339 shares in the last quarter. Jennison Associates LLC increased its holdings in shares of GE Vernova by 1,300.4% during the fourth quarter. Jennison Associates LLC now owns 647,791 shares of the company’s stock worth $423,377,000 after buying an additional 601,533 shares in the last quarter. SG Americas Securities LLC raised its stake in shares of GE Vernova by 10,288.6% in the fourth quarter. SG Americas Securities LLC now owns 418,661 shares of the company’s stock valued at $273,624,000 after acquiring an additional 414,631 shares during the last quarter. Finally, Raymond James Financial Inc. boosted its holdings in shares of GE Vernova by 66.0% in the 2nd quarter. Raymond James Financial Inc. now owns 944,567 shares of the company’s stock worth $499,817,000 after acquiring an additional 375,677 shares in the last quarter.

GE Vernova Trading Up 3.2%

NYSE GEV opened at $1,073.63 on Tuesday. GE Vernova Inc. has a 12 month low of $408.82 and a 12 month high of $1,181.95. The stock has a 50-day simple moving average of $941.11 and a 200 day simple moving average of $762.34. The company has a current ratio of 0.89, a quick ratio of 0.65 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $288.51 billion, a PE ratio of 31.27, a P/E/G ratio of 3.90 and a beta of 1.51.

GE Vernova (NYSE:GEV) last issued its earnings results on Wednesday, April 22nd. The company reported $17.44 EPS for the quarter, beating the consensus estimate of $1.95 by $15.49. GE Vernova had a net margin of 23.81% and a return on equity of 43.97%. The firm had revenue of $9.34 billion during the quarter, compared to the consensus estimate of $9.19 billion. During the same quarter in the prior year, the firm earned $0.91 earnings per share. The business’s quarterly revenue was up 17.0% on a year-over-year basis. Research analysts forecast that GE Vernova Inc. will post 14.84 EPS for the current year.

GE Vernova Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 14th. Shareholders of record on Tuesday, March 17th were paid a $0.50 dividend. The ex-dividend date of this dividend was 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 currently 5.83%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on GEV shares. TD Cowen increased their target price on GE Vernova from $780.00 to $1,220.00 and gave the stock a “buy” rating in a report on Thursday, April 23rd. BNP Paribas Exane cut GE Vernova from an “outperform” rating to a “neutral” rating and set a $1,190.00 price target for the company. in a report on Monday, April 27th. Barclays upped their price target on shares of GE Vernova from $993.00 to $1,250.00 and gave the stock an “overweight” rating in a research report on Thursday, April 23rd. Royal Bank Of Canada increased their price objective on shares of GE Vernova from $996.00 to $1,195.00 and gave the stock an “outperform” rating in a report on Thursday, April 23rd. Finally, Rothschild & Co Redburn upgraded shares of GE Vernova from a “sell” rating to a “buy” rating and raised their price objective for the company from $560.00 to $1,100.00 in a research report on Monday, March 9th. Two analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $1,090.76.

GE Vernova 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.