Caerus Investment Advisors LLC Takes Position in GE Vernova Inc. $GEV

Caerus Investment Advisors LLC acquired a new stake in shares of GE Vernova Inc. (NYSE:GEV) during the third quarter, according to its most recent filing with the SEC. The fund acquired 1,061 shares of the company’s stock, valued at approximately $652,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. Jackson Grant Investment Advisers Inc. increased its position in shares of GE Vernova by 344.4% during the third quarter. Jackson Grant Investment Advisers Inc. now owns 40 shares of the company’s stock valued at $25,000 after buying an additional 31 shares during the period. Wealth Watch Advisors INC bought a new position in shares of GE Vernova in the third quarter valued at approximately $25,000. Howard Hughes Medical Institute purchased a new position in GE Vernova during the second quarter valued at approximately $31,000. Bay Harbor Wealth Management LLC grew its stake in GE Vernova by 537.5% during the third quarter. Bay Harbor Wealth Management LLC now owns 51 shares of the company’s stock valued at $31,000 after acquiring an additional 43 shares in the last quarter. Finally, Monetary Management Group Inc. bought a new stake in GE Vernova during the 2nd quarter worth approximately $32,000.

Analyst Ratings Changes

Several research firms have issued reports on GEV. Jefferies Financial Group reiterated a “buy” rating and issued a $930.00 target price on shares of GE Vernova in a research note on Thursday, January 29th. Wolfe Research raised shares of GE Vernova from a “peer perform” rating to a “buy” rating in a report on Wednesday, December 10th. Bank of America increased their price objective on GE Vernova from $725.00 to $804.00 and gave the stock a “buy” rating in a research report on Wednesday, December 10th. JPMorgan Chase & Co. reissued an “overweight” rating on shares of GE Vernova in a research note on Wednesday, December 10th. Finally, Wall Street Zen upgraded GE Vernova from a “hold” rating to a “buy” rating in a research report on Saturday, January 31st. One research analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $831.29.

GE Vernova Price Performance

Shares of NYSE:GEV opened at $843.39 on Wednesday. The company’s fifty day moving average price is $765.97 and its 200-day moving average price is $667.09. The firm has a market capitalization of $227.32 billion, a price-to-earnings ratio of 47.38, a PEG ratio of 3.29 and a beta of 1.44. GE Vernova Inc. has a one year low of $252.25 and a one year high of $894.93.

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

GE Vernova Announces Dividend

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

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.