Three Seasons Wealth LLC Grows Position in GE Vernova Inc. $GEV

Three Seasons Wealth LLC lifted its holdings in GE Vernova Inc. (NYSE:GEV) by 721.3% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 4,041 shares of the company’s stock after purchasing an additional 3,549 shares during the period. GE Vernova makes up approximately 0.2% of Three Seasons Wealth LLC’s holdings, making the stock its 27th largest holding. Three Seasons Wealth LLC’s holdings in GE Vernova were worth $2,485,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of GEV. Bay Harbor Wealth Management LLC raised its holdings in GE Vernova by 537.5% in the 3rd quarter. Bay Harbor Wealth Management LLC now owns 51 shares of the company’s stock valued at $31,000 after acquiring an additional 43 shares during the last quarter. Elevation Wealth Partners LLC boosted its holdings in shares of GE Vernova by 47.2% during the 3rd quarter. Elevation Wealth Partners LLC now owns 53 shares of the company’s stock worth $33,000 after purchasing an additional 17 shares during the last quarter. WFA Asset Management Corp purchased a new stake in shares of GE Vernova in the second quarter valued at approximately $29,000. Howard Hughes Medical Institute acquired a new stake in shares of GE Vernova in the second quarter valued at approximately $31,000. Finally, Monetary Management Group Inc. acquired a new stake in shares of GE Vernova in the second quarter valued at approximately $32,000.

GE Vernova Trading Down 0.5%

Shares of NYSE:GEV opened at $663.65 on Monday. The company has a market capitalization of $180.06 billion, a price-to-earnings ratio of 108.09, a PEG ratio of 5.06 and a beta of 1.71. GE Vernova Inc. has a 12-month low of $252.25 and a 12-month high of $731.00. The business has a 50-day moving average price of $605.33 and a 200 day moving average price of $596.11.

GE Vernova (NYSE:GEV) last announced its earnings results on Wednesday, October 22nd. The company reported $1.64 earnings per share for the quarter, missing the consensus estimate of $1.72 by ($0.08). GE Vernova had a return on equity of 17.07% and a net margin of 4.52%.The company had revenue of $9.97 billion for the quarter, compared to analysts’ expectations of $9.15 billion. During the same period last year, the business earned ($0.35) EPS. The company’s quarterly revenue was up 11.8% compared to the same quarter last year. As a group, equities research 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 disclosed a quarterly dividend, which will be paid on Monday, February 2nd. Investors of record on Monday, January 5th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend is Monday, January 5th. This is an increase from GE Vernova’s previous quarterly dividend of $0.25. GE Vernova’s dividend payout ratio is 16.29%.

Analyst Ratings Changes

A number of equities analysts have weighed in on GEV shares. HSBC boosted their price objective on GE Vernova from $570.00 to $580.00 and gave the stock a “hold” rating in a research note on Friday, September 5th. Glj Research boosted their price target on shares of GE Vernova from $702.00 to $758.00 and gave the company a “buy” rating in a research report on Wednesday, October 15th. Redburn Partners set a $475.00 price objective on shares of GE Vernova in a report on Wednesday, October 15th. Melius Research set a $740.00 price objective on shares of GE Vernova and gave the stock a “buy” rating in a research report on Monday, September 15th. Finally, BMO Capital Markets boosted their target price on shares of GE Vernova from $710.00 to $780.00 and gave the company an “outperform” rating in a report on Wednesday, December 10th. Four analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, GE Vernova has an average rating of “Moderate Buy” and an average price target of $691.11.

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.