OneAscent Financial Services LLC Sells 880 Shares of GE Vernova Inc. $GEV

OneAscent Financial Services LLC trimmed its position in shares of GE Vernova Inc. (NYSE:GEV) by 59.7% during the third quarter, Holdings Channel.com reports. The institutional investor owned 594 shares of the company’s stock after selling 880 shares during the period. OneAscent Financial Services LLC’s holdings in GE Vernova were worth $365,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of GE Vernova by 1.1% during the 2nd quarter. Vanguard Group Inc. now owns 24,664,571 shares of the company’s stock worth $13,051,258,000 after purchasing an additional 271,958 shares during the last quarter. State Street Corp lifted its stake in GE Vernova by 1.9% in the 2nd quarter. State Street Corp now owns 11,097,778 shares of the company’s stock valued at $5,872,389,000 after purchasing an additional 206,650 shares during the last quarter. Geode Capital Management LLC grew its holdings in GE Vernova by 2.2% during the second quarter. Geode Capital Management LLC now owns 6,108,484 shares of the company’s stock worth $3,221,404,000 after purchasing an additional 129,315 shares during the period. Norges Bank bought a new position in GE Vernova during the second quarter worth about $1,809,220,000. Finally, Invesco Ltd. increased its position in GE Vernova by 26.3% during the second quarter. Invesco Ltd. now owns 2,217,257 shares of the company’s stock worth $1,173,262,000 after buying an additional 462,038 shares during the last quarter.

GE Vernova Stock Performance

Shares of NYSE GEV opened at $691.89 on Wednesday. GE Vernova Inc. has a 52 week low of $252.25 and a 52 week high of $731.00. The stock has a market capitalization of $187.72 billion, a P/E ratio of 112.69, a PEG ratio of 2.83 and a beta of 1.67. The stock’s fifty day moving average is $643.71 and its 200 day moving average is $619.78.

GE Vernova (NYSE:GEV) last issued its quarterly earnings results on Wednesday, January 28th. The company reported $13.39 earnings per share for the quarter, topping analysts’ consensus estimates of $2.99 by $10.40. GE Vernova had a net margin of 4.52% and a return on equity of 17.07%. The company had revenue of $10.96 billion during the quarter, compared to the consensus estimate of $10.21 billion. Equities research analysts forecast that GE Vernova Inc. will post 6.59 earnings per share for the current year.

GE Vernova Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 2nd. Investors of record on Monday, January 5th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.3%. This is a boost from GE Vernova’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Monday, January 5th. GE Vernova’s payout ratio is 32.57%.

Wall Street Analyst Weigh In

GEV has been the subject of a number of recent analyst reports. UBS Group raised their price objective on GE Vernova from $760.00 to $835.00 and gave the company a “buy” rating in a research report on Wednesday, December 10th. Weiss Ratings restated a “hold (c)” rating on shares of GE Vernova in a research note on Thursday, January 22nd. Citigroup lifted their price objective on shares of GE Vernova from $658.00 to $708.00 and gave the stock a “neutral” rating in a research report on Monday, January 12th. Wells Fargo & Company upped their price objective on shares of GE Vernova from $717.00 to $831.00 and gave the company an “overweight” rating in a report on Tuesday, December 16th. Finally, Evercore ISI initiated coverage on shares of GE Vernova in a research note on Monday, December 15th. They set an “outperform” rating and a $860.00 target price for the company. Three investment analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, GE Vernova presently has an average rating of “Moderate Buy” and an average target price of $701.42.

Trending Headlines about GE Vernova

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

• Positive Sentiment: Analysts and market coverage highlight a full backlog and high expectations heading into the Q4 release, which supports upside to near-term guidance and sentiment. GE Vernova earnings due with sky-high expectations and a full backlog
• Positive Sentiment: Zacks previews that Q4 should show stronger EBITDA, margin expansion and cash flow even if revenues slip from timing in gas turbines and weak onshore wind — metrics that can underpin higher valuation multiples. GEV Q4 Earnings on the Deck: How to Approach the Stock Now?
• Positive Sentiment: Brokerages’ consensus sits at an average “Moderate Buy,” indicating dealer support that can sustain investor interest into the print. GE Vernova Inc. (NYSE:GEV) Given Average Rating of “Moderate Buy” by Brokerages
• Positive Sentiment: Company narrative is evolving: management changes and AI-driven demand themes are being framed as structural positives for long-term growth and investor story. How GE Vernova’s Leadership Shift And AI Power Demand Themes At GE Vernova (GEV) Has Changed Its Investment Story
• Neutral Sentiment: Zacks also published an earnings-estimate deep dive outlining Wall Street’s top- and bottom-line expectations and key metrics to watch, useful for trade/positioning around the print but not directional by itself. Unlocking Q4 Potential of GE Vernova (GEV): Exploring Wall Street Estimates for Key Metrics
• Negative Sentiment: Market commentary flags oversupply concerns in the sector and a PJM emergency auction proposal that could pressure near-term power equipment demand/pricing. Mixed analyst sentiment on GE Vernova (GEV) amid oversupply concerns and PJM emergency auction proposal
• Negative Sentiment: Prominent commentator Jim Cramer urged caution, saying investors may want a better entry point, which can sap short-term retail buying despite positive fundamentals. Jim Cramer on GE Vernova: “I think you need a better entry point”

About GE Vernova

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.