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

OneAscent Financial Services LLC decreased its stake in shares of GE Vernova Inc. (NYSE:GEV) by 59.7% during the third quarter, according to the company in its most recent filing with the SEC. The fund 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 filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Synergy Asset Management LLC increased its stake in GE Vernova by 300.0% during the third quarter. Synergy Asset Management LLC now owns 1,884 shares of the company’s stock valued at $1,078,000 after acquiring an additional 1,413 shares during the period. Kercheville Advisors LLC boosted its stake in GE Vernova by 238.3% in the 3rd quarter. Kercheville Advisors LLC now owns 4,905 shares of the company’s stock valued at $3,016,000 after buying an additional 3,455 shares in the last quarter. Dupree Financial Group LLC acquired a new stake in shares of GE Vernova in the 2nd quarter valued at $253,000. Rakuten Investment Management Inc. acquired a new position in GE Vernova in the third quarter valued at about $18,601,000. Finally, Nordea Investment Management AB boosted its holdings in shares of GE Vernova by 136.1% in the 3rd quarter. Nordea Investment Management AB now owns 561,213 shares of the company’s stock worth $341,038,000 after acquiring an additional 323,481 shares in the last quarter.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. TD Cowen reaffirmed a “buy” rating on shares of GE Vernova in a report on Thursday, October 23rd. Redburn Partners set a $475.00 target price on shares of GE Vernova in a report on Wednesday, October 15th. Barclays boosted their target price on GE Vernova from $800.00 to $830.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 7th. Morgan Stanley reissued an “overweight” rating and issued a $817.00 price target on shares of GE Vernova in a report on Monday. Finally, Glj Research boosted their price objective on GE Vernova from $758.00 to $1,087.00 and gave the company a “buy” rating in a research report on Monday, January 12th. Three equities research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, six have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, GE Vernova presently has a consensus rating of “Moderate Buy” and an average price target of $701.42.

GE Vernova Stock Up 3.9%

Shares of GEV stock opened at $691.89 on Wednesday. GE Vernova Inc. has a 12 month low of $252.25 and a 12 month high of $731.00. The company’s fifty day simple moving average is $643.71 and its 200-day simple moving average is $619.78. The firm has a market cap of $187.72 billion, a PE ratio of 112.69, a P/E/G ratio of 2.83 and a beta of 1.67.

GE Vernova (NYSE:GEV) last issued its quarterly earnings results on Wednesday, January 28th. The company reported $13.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.99 by $10.40. GE Vernova had a net margin of 4.52% and a return on equity of 17.07%. The firm had revenue of $10.96 billion for the quarter, compared to analyst estimates of $10.21 billion. On average, equities 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 announced a quarterly dividend, which will be paid on Monday, February 2nd. Investors of record on Monday, January 5th will be issued a dividend of $0.50 per share. The ex-dividend date is Monday, January 5th. This is a boost from GE Vernova’s previous quarterly dividend of $0.25. This represents a $2.00 annualized dividend and a yield of 0.3%. GE Vernova’s dividend payout ratio is currently 32.57%.

Key Headlines Impacting 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”

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.