1,053 Shares in GE Vernova Inc. $GEV Bought by Bender Robert & Associates

Bender Robert & Associates acquired a new stake in GE Vernova Inc. (NYSE:GEV) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,053 shares of the company’s stock, valued at approximately $647,000.

A number of other institutional investors and hedge funds have also made changes to their positions in GEV. Robeco Institutional Asset Management B.V. boosted its stake in shares of GE Vernova by 55.7% during the third quarter. Robeco Institutional Asset Management B.V. now owns 469,863 shares of the company’s stock worth $288,919,000 after buying an additional 168,157 shares during the period. KG&L Capital Management LLC purchased a new stake in GE Vernova during the 3rd quarter valued at approximately $378,000. D.A. Davidson & CO. lifted its position in GE Vernova by 58.3% during the 3rd quarter. D.A. Davidson & CO. now owns 12,721 shares of the company’s stock worth $7,822,000 after acquiring an additional 4,685 shares during the period. CWA Asset Management Group LLC lifted its position in GE Vernova by 50.1% during the 3rd quarter. CWA Asset Management Group LLC now owns 3,630 shares of the company’s stock worth $2,232,000 after acquiring an additional 1,211 shares during the period. Finally, OLD Second National Bank of Aurora grew its stake in shares of GE Vernova by 218.8% in the 3rd quarter. OLD Second National Bank of Aurora now owns 204 shares of the company’s stock valued at $125,000 after purchasing an additional 140 shares during the last quarter.

GE Vernova Stock Up 0.1%

Shares of GEV opened at $680.46 on Tuesday. GE Vernova Inc. has a 52-week low of $252.25 and a 52-week high of $731.00. The company has a 50-day simple moving average of $614.72 and a 200-day simple moving average of $603.62. The company has a market capitalization of $184.62 billion, a PE ratio of 110.82, a P/E/G ratio of 2.85 and a beta of 1.67.

GE Vernova (NYSE:GEV) last issued 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 return on equity of 17.07% and a net margin of 4.52%.The company had revenue of $9.97 billion for the quarter, compared to analyst estimates of $9.15 billion. During the same quarter in the previous year, the company posted ($0.35) earnings per share. The company’s quarterly revenue was up 11.8% compared to the same quarter last year. On average, research analysts anticipate that GE Vernova Inc. will post 6.59 EPS for the current year.

GE Vernova Increases Dividend

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

Analyst Ratings Changes

Several research firms have recently commented on GEV. Morgan Stanley upped their price target on GE Vernova from $710.00 to $822.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 16th. Barclays upped their price objective on shares of GE Vernova from $710.00 to $720.00 and gave the stock an “overweight” rating in a research report on Thursday, December 4th. William Blair restated an “outperform” rating on shares of GE Vernova in a research note on Wednesday, December 10th. Robert W. Baird set a $816.00 price target on shares of GE Vernova in a research note on Thursday, December 18th. Finally, Oppenheimer upgraded shares of GE Vernova from a “market perform” rating to an “outperform” rating and set a $855.00 price objective for the company 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 issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price 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.