Neville Rodie & Shaw Inc. Has $10.52 Million Position in GE Vernova Inc. $GEV

Neville Rodie & Shaw Inc. lessened its holdings in shares of GE Vernova Inc. (NYSE:GEV) by 6.9% in the third quarter, according to its most recent filing with the SEC. The firm owned 17,103 shares of the company’s stock after selling 1,271 shares during the period. Neville Rodie & Shaw Inc.’s holdings in GE Vernova were worth $10,517,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. WFA Asset Management Corp bought a new position in shares of GE Vernova in the 2nd quarter worth $29,000. 1248 Management LLC bought a new stake in GE Vernova in the first quarter valued at about $31,000. Howard Hughes Medical Institute acquired a new position in GE Vernova in the second quarter valued at about $31,000. Monetary Management Group Inc. bought a new position in GE Vernova during the second quarter worth about $32,000. Finally, Saudi Central Bank bought a new position in GE Vernova during the first quarter worth about $33,000.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Susquehanna upped their price target on GE Vernova from $750.00 to $775.00 and gave the company a “positive” rating in a research note on Wednesday. Wells Fargo & Company boosted their price objective on shares of GE Vernova from $697.00 to $717.00 and gave the company an “overweight” rating in a report on Friday, October 24th. HSBC upped their target price on shares of GE Vernova from $570.00 to $580.00 and gave the company a “hold” rating in a research note on Friday, September 5th. BMO Capital Markets lifted their price target on shares of GE Vernova from $710.00 to $780.00 and gave the stock an “outperform” rating in a research report on Wednesday. Finally, Seaport Res Ptn lowered shares of GE Vernova from a “strong-buy” rating to a “hold” rating in a report on Thursday. Three analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $654.54.

GE Vernova Stock Performance

Shares of GEV stock opened at $672.32 on Monday. GE Vernova Inc. has a 52 week low of $252.25 and a 52 week high of $731.00. The company’s 50 day moving average price is $597.06 and its two-hundred day moving average price is $583.51. The company has a market capitalization of $182.41 billion, a P/E ratio of 109.50, a price-to-earnings-growth ratio of 5.12 and a beta of 1.71.

GE Vernova (NYSE:GEV) last released its quarterly 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 net margin of 4.52% and a return on equity of 17.07%. The company had revenue of $9.97 billion during the quarter, compared to analyst estimates of $9.15 billion. During the same quarter last year, the company earned ($0.35) EPS. The firm’s quarterly revenue was up 11.8% compared to the same quarter last year. Analysts forecast that GE Vernova Inc. will post 6.59 earnings per share for the current year.

GE Vernova Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, February 2nd. Shareholders of record on Monday, January 5th will be issued a dividend of $0.50 per share. This is a boost from GE Vernova’s previous quarterly dividend of $0.25. The ex-dividend date is Monday, January 5th. This represents a $2.00 dividend on an annualized basis and a yield of 0.3%. GE Vernova’s dividend payout ratio is currently 16.29%.

GE Vernova Company Profile

GE Vernova LLC, an energy business company, generates electricity. It operates under three segments: Power, Wind, and Electrification. The Power segments generates and sells electricity through hydro, gas, nuclear, and steam power. Wind segment engages in the manufacturing and sale of wind turbine blades; and Electrification segment provides grid solutions, power conversion, solar, and storage solutions.