GE Vernova Inc. $GEV Stock Position Boosted by DSG Capital Advisors LLC

DSG Capital Advisors LLC grew its position in shares of GE Vernova Inc. (NYSE:GEV – Free Report) by 15.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,183 shares of the company’s stock after purchasing an additional 968 shares during the quarter. GE Vernova makes up about 1.0% of DSG Capital Advisors LLC’s investment portfolio, making the stock its 28th largest position. DSG Capital Advisors LLC’s holdings in GE Vernova were worth $6,827,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. BlackRock Inc. purchased a new stake in GE Vernova during the second quarter valued at about $25,569,630,000. Bank of America Corp DE bought a new position in shares of GE Vernova during the second quarter valued at about $2,961,612,000. Bank of New York Mellon Corp bought a new position in shares of GE Vernova during the second quarter valued at about $2,497,472,000. Jupiter Topco LLC purchased a new position in shares of GE Vernova in the second quarter worth about $2,371,538,000. Finally, Janus Henderson Group PLC increased its holdings in shares of GE Vernova by 4,358.6% in the first quarter. Janus Henderson Group PLC now owns 1,519,799 shares of the company’s stock worth $1,316,076,000 after buying an additional 1,485,712 shares during the period.

Wall Street Analyst Weigh In

GEV has been the subject of a number of recent research reports. President Capital boosted their target price on GE Vernova from $1,368.00 to $1,398.00 and gave the company a “buy” rating in a research note on Wednesday, July 29th. Oppenheimer restated an “outperform” rating on shares of GE Vernova in a report on Wednesday, October 28th. Evercore restated an “outperform” rating and set a $1,350.00 price target on shares of GE Vernova in a research report on Thursday, October 1st. JPMorgan Chase & Co. decreased their price target on GE Vernova from $1,150.00 to $1,035.00 and set an “overweight” rating on the stock in a research note on Thursday, October 29th. Finally, Morgan Stanley cut GE Vernova from an “overweight” rating to an “underweight” rating in a research note on Monday, August 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, GE Vernova presently has a consensus rating of “Moderate Buy” and an average price target of $1,144.20.

View Our Latest Analysis on GE Vernova

GE Vernova Price Performance

Shares of GE Vernova stock opened at $795.38 on Wednesday. The firm has a market cap of $210.52 billion, a PE ratio of 20.87, a price-to-earnings-growth ratio of 2.70 and a beta of 1.25. GE Vernova Inc. has a 12-month low of $530.16 and a 12-month high of $1,195.94. 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’s fifty day simple moving average is $919.64 and its two-hundred day simple moving average is $946.09.

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

GE Vernova Announces Dividend

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

Key Stories Impacting GE Vernova

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

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.

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

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