980 Shares in GE Vernova Inc. $GEV Bought by First National Bank of Omaha

First National Bank of Omaha bought a new stake in GE Vernova Inc. (NYSE:GEV) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 980 shares of the company’s stock, valued at approximately $603,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Luts & Greenleigh Group Inc. bought a new position in shares of GE Vernova during the 3rd quarter valued at about $235,000. Ingalls & Snyder LLC grew its position in GE Vernova by 1.5% during the third quarter. Ingalls & Snyder LLC now owns 5,828 shares of the company’s stock valued at $3,584,000 after acquiring an additional 88 shares during the last quarter. Northeast Investment Management raised its stake in shares of GE Vernova by 9.8% during the third quarter. Northeast Investment Management now owns 8,587 shares of the company’s stock worth $5,280,000 after acquiring an additional 767 shares in the last quarter. Vista Investment Management bought a new stake in shares of GE Vernova in the 3rd quarter worth approximately $213,000. Finally, Drucker Wealth 3.0 LLC bought a new stake in shares of GE Vernova in the 3rd quarter worth approximately $223,000.

GE Vernova Stock Up 2.0%

GE Vernova stock opened at $833.54 on Friday. GE Vernova Inc. has a twelve month low of $252.25 and a twelve month high of $846.00. The company has a market capitalization of $224.66 billion, a P/E ratio of 46.83, a PEG ratio of 3.25 and a beta of 1.67. The stock’s 50 day moving average is $701.82 and its 200 day moving average is $640.13.

GE Vernova (NYSE:GEV) last released its earnings results on Wednesday, January 28th. The company reported $13.39 EPS for the quarter, topping the consensus estimate of $2.99 by $10.40. The business had revenue of $10.96 billion for the quarter, compared to the consensus estimate of $10.21 billion. GE Vernova had a return on equity of 46.91% and a net margin of 12.83%.The company’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same period in the previous year, the company posted $1.73 earnings per share. As a group, equities analysts expect that GE Vernova Inc. will post 6.59 EPS for the current year.

GE Vernova Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 14th. Stockholders of record on Tuesday, March 17th will be paid a $0.50 dividend. The ex-dividend date is Tuesday, March 17th. This represents a $2.00 annualized dividend and a dividend yield of 0.2%. GE Vernova’s payout ratio is currently 11.24%.

Analyst Upgrades and Downgrades

GEV has been the subject of several analyst reports. TD Cowen upped their price target on shares of GE Vernova from $680.00 to $780.00 and gave the company a “buy” rating in a research report on Thursday, January 29th. The Goldman Sachs Group upped their price target on GE Vernova from $840.00 to $925.00 and gave the company a “buy” rating in a research report on Thursday, January 29th. Royal Bank Of Canada lifted their price target on shares of GE Vernova from $761.00 to $800.00 and gave the company an “outperform” rating in a report on Friday, January 30th. Wall Street Zen raised shares of GE Vernova from a “hold” rating to a “buy” rating in a research note on Saturday, January 31st. Finally, Evercore lifted their price objective on GE Vernova from $860.00 to $905.00 and gave the company an “outperform” rating in a research report on Thursday, January 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $788.24.

GE Vernova Company 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.