Decker Retirement Planning Inc. Raises Holdings in GE Vernova Inc. $GEV

Decker Retirement Planning Inc. increased its position in shares of GE Vernova Inc. (NYSE:GEV) by 11,640.5% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 4,931 shares of the company’s stock after purchasing an additional 4,889 shares during the period. GE Vernova makes up about 1.7% of Decker Retirement Planning Inc.’s portfolio, making the stock its 23rd biggest position. Decker Retirement Planning Inc.’s holdings in GE Vernova were worth $3,032,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Sachetta LLC increased its position in GE Vernova by 10.7% during the 2nd quarter. Sachetta LLC now owns 165 shares of the company’s stock valued at $87,000 after purchasing an additional 16 shares during the period. Good Life Advisors LLC boosted its stake in shares of GE Vernova by 1.0% during the second quarter. Good Life Advisors LLC now owns 1,654 shares of the company’s stock valued at $875,000 after purchasing an additional 16 shares in the last quarter. Bell Investment Advisors Inc boosted its stake in shares of GE Vernova by 6.7% during the second quarter. Bell Investment Advisors Inc now owns 256 shares of the company’s stock valued at $135,000 after purchasing an additional 16 shares in the last quarter. Northwest Wealth Management LLC increased its holdings in GE Vernova by 3.6% during the third quarter. Northwest Wealth Management LLC now owns 465 shares of the company’s stock valued at $286,000 after buying an additional 16 shares during the period. Finally, AMG National Trust Bank raised its stake in GE Vernova by 1.5% in the second quarter. AMG National Trust Bank now owns 1,145 shares of the company’s stock worth $606,000 after buying an additional 17 shares in the last quarter.

GE Vernova Stock Performance

Shares of NYSE GEV opened at $640.17 on Tuesday. GE Vernova Inc. has a fifty-two week low of $252.25 and a fifty-two week high of $731.00. The company has a market cap of $173.69 billion, a PE ratio of 104.26, a P/E/G ratio of 2.61 and a beta of 1.67. The business has a 50-day simple moving average of $621.72 and a two-hundred day simple moving average of $608.79.

GE Vernova (NYSE:GEV) last announced its quarterly earnings data on Wednesday, October 22nd. The company reported $1.64 EPS for the quarter, missing the consensus estimate of $1.72 by ($0.08). The company had revenue of $9.97 billion during 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 business’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.35) earnings per share. On average, sell-side 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 disclosed a quarterly dividend, which will be paid on Monday, February 2nd. Stockholders of record on Monday, January 5th will be paid a dividend of $0.50 per share. The ex-dividend date is Monday, January 5th. This is an increase from GE Vernova’s previous quarterly dividend of $0.25. This represents a $2.00 annualized dividend and a dividend yield of 0.3%. GE Vernova’s payout ratio is presently 32.57%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Citigroup increased their target price on GE Vernova from $658.00 to $708.00 and gave the company a “neutral” rating in a research report on Monday. TD Cowen dropped their price objective on GE Vernova from $685.00 to $680.00 and set a “buy” rating on the stock in a research report on Thursday, October 23rd. Seaport Res Ptn lowered GE Vernova from a “strong-buy” rating to a “hold” rating in a research note on Thursday, December 11th. 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, Glj Research raised their price target on shares of GE Vernova from $758.00 to $1,087.00 and gave the company a “buy” rating in a report on Monday. Three investment analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $703.04.

About GE Vernova

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.