Marco Investment Management LLC Purchases New Shares in GE Vernova Inc. $GEV

Marco Investment Management LLC purchased a new stake in GE Vernova Inc. (NYSE:GEV) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 751 shares of the company’s stock, valued at approximately $491,000.

Other institutional investors have also recently added to or reduced their stakes in the company. J.W. Cole Advisors Inc. lifted its holdings in GE Vernova by 25.3% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 16,247 shares of the company’s stock valued at $9,990,000 after purchasing an additional 3,278 shares in the last quarter. Rakuten Investment Management Inc. purchased a new position in GE Vernova in the 3rd quarter valued at $18,601,000. US Bancorp DE lifted its holdings in GE Vernova by 2.2% in the 3rd quarter. US Bancorp DE now owns 100,542 shares of the company’s stock valued at $61,824,000 after purchasing an additional 2,163 shares in the last quarter. Vanguard Group Inc. lifted its holdings in GE Vernova by 0.6% in the 3rd quarter. Vanguard Group Inc. now owns 24,815,463 shares of the company’s stock valued at $15,259,028,000 after purchasing an additional 150,892 shares in the last quarter. Finally, Nordea Investment Management AB lifted its holdings in GE Vernova by 136.1% in the 3rd quarter. Nordea Investment Management AB now owns 561,213 shares of the company’s stock valued at $341,038,000 after purchasing an additional 323,481 shares in the last quarter.

Analysts Set New Price Targets

GEV has been the topic of several analyst reports. Royal Bank Of Canada lifted their price target on GE Vernova from $996.00 to $1,195.00 and gave the stock an “outperform” rating in a report on Thursday, April 23rd. Rothschild & Co Redburn upgraded GE Vernova from a “sell” rating to a “buy” rating and lifted their price target for the stock from $560.00 to $1,100.00 in a report on Monday, March 9th. Argus set a $1,300.00 price target on GE Vernova in a report on Monday, April 27th. Weiss Ratings upgraded GE Vernova from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, April 24th. Finally, Susquehanna set a $1,300.00 price target on GE Vernova in a report on Thursday, April 23rd. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $1,090.76.

GE Vernova Stock Down 0.5%

Shares of NYSE:GEV opened at $1,040.75 on Friday. The business has a 50-day moving average price of $933.83 and a 200 day moving average price of $755.75. The company has a current ratio of 0.89, a quick ratio of 0.65 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $279.67 billion, a price-to-earnings ratio of 30.32, a PEG ratio of 3.90 and a beta of 1.51. GE Vernova Inc. has a 12-month low of $387.03 and a 12-month high of $1,181.95.

GE Vernova (NYSE:GEV) last issued its quarterly earnings data on Wednesday, April 22nd. The company reported $17.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.95 by $15.49. The firm had revenue of $9.34 billion during the quarter, compared to the consensus estimate of $9.19 billion. GE Vernova had a return on equity of 43.97% and a net margin of 23.81%.The company’s quarterly revenue was up 17.0% on a year-over-year basis. During the same period last year, the company earned $0.91 EPS. Sell-side analysts expect that GE Vernova Inc. will post 14.84 EPS for the current year.

GE Vernova Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 14th. Investors of record on Tuesday, March 17th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend was Tuesday, March 17th. GE Vernova’s dividend payout ratio (DPR) is presently 5.83%.

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.