Financial Enhancement Group LLC Sells 1,784 Shares of GE Vernova Inc. $GEV

Financial Enhancement Group LLC decreased its holdings in shares of GE Vernova Inc. (NYSE:GEVFree Report) by 51.1% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 1,706 shares of the company’s stock after selling 1,784 shares during the period. Financial Enhancement Group LLC’s holdings in GE Vernova were worth $1,067,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. WFA Asset Management Corp acquired a new position in GE Vernova during the second quarter worth $29,000. 1248 Management LLC acquired a new stake in shares of GE Vernova in the first quarter worth about $31,000. Howard Hughes Medical Institute bought a new stake in shares of GE Vernova during the 2nd quarter worth about $31,000. Bay Harbor Wealth Management LLC increased its holdings in shares of GE Vernova by 537.5% during 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. Finally, Monetary Management Group Inc. acquired a new position in shares of GE Vernova during the 2nd quarter valued at about $32,000.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. JPMorgan Chase & Co. restated an “overweight” rating on shares of GE Vernova in a report on Wednesday, December 10th. William Blair restated an “outperform” rating on shares of GE Vernova in a research note on Wednesday, December 10th. Melius upgraded shares of GE Vernova from a “hold” rating to a “buy” rating and set a $740.00 target price on the stock in a research note on Monday, September 15th. Rothschild Redb lowered shares of GE Vernova from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 15th. Finally, UBS Group raised their price target on GE Vernova from $760.00 to $835.00 and gave the company a “buy” rating in a research report on Wednesday, December 10th. Four analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, six have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $690.56.

Read Our Latest Research Report on GE Vernova

GE Vernova News Summary

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

GE Vernova Price Performance

NYSE GEV opened at $658.03 on Friday. The company’s fifty day moving average is $601.18 and its two-hundred day moving average is $588.26. GE Vernova Inc. has a 52-week low of $252.25 and a 52-week high of $731.00. The firm has a market capitalization of $178.54 billion, a price-to-earnings ratio of 107.17, a P/E/G ratio of 4.87 and a beta of 1.71.

GE Vernova (NYSE:GEVGet Free Report) last released 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 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 the consensus estimate of $9.15 billion. During the same quarter in the previous year, the business posted ($0.35) EPS. The firm’s quarterly revenue was up 11.8% on a year-over-year basis. As a group, sell-side analysts expect that GE Vernova Inc. will post 6.59 earnings per share for the current fiscal year.

GE Vernova Increases Dividend

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

GE Vernova Company Profile

(Free Report)

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.

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

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