GE Vernova Inc. $GEV Shares Bought by Three Seasons Wealth LLC

Three Seasons Wealth LLC raised its holdings in GE Vernova Inc. (NYSE:GEV) by 721.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,041 shares of the company’s stock after purchasing an additional 3,549 shares during the quarter. GE Vernova accounts for approximately 0.2% of Three Seasons Wealth LLC’s investment portfolio, making the stock its 27th biggest holding. Three Seasons Wealth LLC’s holdings in GE Vernova were worth $2,485,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in GEV. Warren Street Wealth Advisors LLC lifted its holdings in shares of GE Vernova by 8.3% in the 3rd quarter. Warren Street Wealth Advisors LLC now owns 416 shares of the company’s stock valued at $256,000 after buying an additional 32 shares during the period. Archford Capital Strategies LLC raised its position in GE Vernova by 76.5% during the third quarter. Archford Capital Strategies LLC now owns 2,914 shares of the company’s stock valued at $1,792,000 after acquiring an additional 1,263 shares in the last quarter. Panoramic Capital Partners LLC acquired a new position in GE Vernova in the third quarter valued at approximately $201,000. Worth Asset Management LLC lifted its holdings in GE Vernova by 1.0% in the third quarter. Worth Asset Management LLC now owns 2,801 shares of the company’s stock valued at $1,722,000 after acquiring an additional 27 shares during the period. Finally, Kaydan Wealth Management Inc. purchased a new stake in GE Vernova in the 3rd quarter worth approximately $243,000.

GE Vernova Stock Down 0.5%

GEV stock opened at $663.65 on Monday. GE Vernova Inc. has a 52 week low of $252.25 and a 52 week high of $731.00. The firm has a 50-day simple moving average of $605.33 and a 200-day simple moving average of $596.11. The stock has a market capitalization of $180.06 billion, a P/E ratio of 108.09, a P/E/G ratio of 5.06 and a beta of 1.71.

GE Vernova (NYSE:GEV) last posted its quarterly earnings data on Wednesday, October 22nd. The company reported $1.64 earnings per share (EPS) 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 firm had revenue of $9.97 billion during the quarter, compared to analyst estimates of $9.15 billion. During the same quarter in the previous year, the firm posted ($0.35) earnings per share. The company’s quarterly revenue was up 11.8% on a year-over-year basis. On average, analysts expect that GE Vernova Inc. will post 6.59 earnings per share for the current year.

GE Vernova Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, February 2nd. Stockholders of record on Monday, January 5th will be paid a $0.50 dividend. This is a boost from GE Vernova’s previous quarterly dividend of $0.25. 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. GE Vernova’s dividend payout ratio is presently 16.29%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on GEV. Wolfe Research raised shares of GE Vernova from a “peer perform” rating to a “buy” rating in a research note on Wednesday, December 10th. Cowen restated a “buy” rating on shares of GE Vernova in a research report on Thursday, October 23rd. Weiss Ratings reiterated a “hold (c)” rating on shares of GE Vernova in a research report on Wednesday, October 8th. Royal Bank Of Canada reissued an “outperform” rating and set a $761.00 target price on shares of GE Vernova in a research note on Monday, December 22nd. Finally, Oppenheimer upgraded GE Vernova from a “market perform” rating to an “outperform” rating and set a $855.00 price target for the company in a research note on Wednesday, December 10th. Four equities research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $691.11.

GE Vernova 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.