Headlands Technologies LLC Buys Shares of 3,553 GE Vernova Inc. $GEV

Headlands Technologies LLC purchased a new stake in GE Vernova Inc. (NYSE:GEV) during the 2nd quarter, Holdings Channel reports. The fund purchased 3,553 shares of the company’s stock, valued at approximately $1,880,000.

A number of other hedge funds have also modified their holdings of the business. Brighton Jones LLC lifted its stake in GE Vernova by 29.4% in the 4th quarter. Brighton Jones LLC now owns 3,315 shares of the company’s stock valued at $1,091,000 after buying an additional 753 shares in the last quarter. Sit Investment Associates Inc. acquired a new position in shares of GE Vernova in the first quarter worth $1,632,000. Kovitz Investment Group Partners LLC lifted its position in shares of GE Vernova by 11.5% in the first quarter. Kovitz Investment Group Partners LLC now owns 7,170 shares of the company’s stock valued at $2,189,000 after acquiring an additional 737 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of GE Vernova by 2.2% during the first quarter. Dimensional Fund Advisors LP now owns 635,640 shares of the company’s stock valued at $194,038,000 after acquiring an additional 13,872 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of GE Vernova by 29.4% during the first quarter. EverSource Wealth Advisors LLC now owns 2,629 shares of the company’s stock valued at $803,000 after acquiring an additional 598 shares during the last quarter.

GE Vernova Stock Down 4.5%

NYSE:GEV opened at $672.32 on Friday. The company has a market cap of $182.41 billion, a P/E ratio of 109.50, a P/E/G ratio of 5.04 and a beta of 1.71. The firm’s 50 day moving average is $597.06 and its two-hundred day moving average is $582.82. GE Vernova Inc. has a fifty-two week low of $252.25 and a fifty-two week high of $731.00.

GE Vernova (NYSE:GEV) last announced 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). The company had revenue of $9.97 billion for the quarter, compared to analysts’ expectations of $9.15 billion. GE Vernova had a net margin of 4.52% and a return on equity of 17.07%. The firm’s quarterly revenue was up 11.8% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.35) earnings per share. Research analysts forecast 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 $0.50 dividend. This is a positive change 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 dividend yield of 0.3%. GE Vernova’s dividend payout ratio (DPR) is 16.29%.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Barclays boosted their target price on shares of GE Vernova from $710.00 to $720.00 and gave the company an “overweight” rating in a research note on Thursday, December 4th. HSBC boosted their price objective on shares of GE Vernova from $570.00 to $580.00 and gave the company a “hold” rating in a research report on Friday, September 5th. Redburn Partners set a $475.00 target price on shares of GE Vernova in a research report on Wednesday, October 15th. Melius raised shares of GE Vernova from a “hold” rating to a “buy” rating and set a $740.00 target price for the company in a research note on Monday, September 15th. Finally, Melius Research set a $740.00 price target on GE Vernova and gave the stock a “buy” rating in a research note on Monday, September 15th. Three research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $654.54.

About GE Vernova

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.