RWQ Financial Management Services Inc. Acquires 3,539 Shares of GE Vernova Inc. $GEV

RWQ Financial Management Services Inc. increased its holdings in GE Vernova Inc. (NYSE:GEV) by 38.2% in the 3rd quarter, HoldingsChannel reports. The fund owned 12,805 shares of the company’s stock after purchasing an additional 3,539 shares during the quarter. GE Vernova makes up approximately 6.8% of RWQ Financial Management Services Inc.’s holdings, making the stock its 4th biggest holding. RWQ Financial Management Services Inc.’s holdings in GE Vernova were worth $12,171,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. New Wave Wealth Advisors LLC increased its position in shares of GE Vernova by 2.2% during the 3rd quarter. New Wave Wealth Advisors LLC now owns 1,717 shares of the company’s stock worth $1,724,000 after purchasing an additional 37 shares during the last quarter. Talbot Financial LLC raised its holdings in GE Vernova by 2.1% in the 3rd quarter. Talbot Financial LLC now owns 27,615 shares of the company’s stock valued at $26,248,000 after buying an additional 581 shares during the period. Herold Advisors Inc. lifted its position in GE Vernova by 17.4% in the third quarter. Herold Advisors Inc. now owns 1,075 shares of the company’s stock valued at $1,022,000 after buying an additional 159 shares during the last quarter. Quantum Financial Partners LLC lifted its position in GE Vernova by 6.3% in the third quarter. Quantum Financial Partners LLC now owns 1,140 shares of the company’s stock valued at $1,084,000 after buying an additional 68 shares during the last quarter. Finally, Miramontes Capital LLC boosted its stake in GE Vernova by 15.7% during the third quarter. Miramontes Capital LLC now owns 945 shares of the company’s stock worth $898,000 after buying an additional 128 shares during the period.

GE Vernova Trading Down 1.3%

GEV traded down $11.73 during mid-day trading on Monday, hitting $909.47. 1,250,750 shares of the stock were exchanged, compared to its average volume of 2,631,723. The firm’s fifty day moving average is $962.80 and its two-hundred day moving average is $1,002.38. GE Vernova Inc. has a 1-year low of $530.16 and a 1-year high of $1,195.94. The company has a current ratio of 0.85, a quick ratio of 0.62 and a debt-to-equity ratio of 0.21. The company has a market cap of $242.22 billion, a PE ratio of 26.02, a PEG ratio of 3.19 and a beta of 1.14.

GE Vernova (NYSE:GEV) last announced its earnings results on Wednesday, July 22nd. The company reported $2.47 EPS for the quarter, missing analysts’ consensus estimates of $3.17 by ($0.70). The firm had revenue of $11.10 billion for the quarter, compared to analysts’ expectations of $10.79 billion. GE Vernova had a net margin of 23.03% and a return on equity of 42.42%. The business’s revenue was up 21.9% compared to the same quarter last year. During the same quarter last year, the business earned $1.86 earnings per share. Equities analysts forecast that GE Vernova Inc. will post 15.04 earnings per share for the current fiscal year.

GE Vernova Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 24th. Stockholders of record on Tuesday, October 27th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend is Tuesday, October 27th. GE Vernova’s dividend payout ratio is currently 5.72%.

Wall Street Analyst Weigh In

GEV has been the subject of a number of recent analyst reports. Mizuho lifted their price target on shares of GE Vernova from $913.00 to $949.00 and gave the company a “neutral” rating in a research report on Friday, July 24th. Citigroup reduced their price target on shares of GE Vernova from $1,219.00 to $1,125.00 and set a “neutral” rating on the stock in a research note on Thursday, July 23rd. Royal Bank Of Canada upped their price objective on shares of GE Vernova from $1,195.00 to $1,225.00 and gave the stock an “outperform” rating in a report on Thursday, July 23rd. Jefferies Financial Group restated a “buy” rating and issued a $1,185.00 price objective (up from $1,155.00) on shares of GE Vernova in a report on Thursday, September 17th. Finally, William Blair reaffirmed an “outperform” rating on shares of GE Vernova in a research report on Monday, August 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $1,164.87.

About GE Vernova

GE Vernova Inc (NYSE: GEV) is an energy technology company focused on helping generate, transmit, store and deliver electricity. The company serves utilities, power producers, grid operators, commercial and industrial customers, and other energy-sector participants worldwide.

Its business is organized around three primary areas: Power, Wind and Electrification. Power provides technologies and services for gas and steam power generation, hydropower, nuclear power and other energy systems.