7,351 GE Vernova Inc. $GEV Shares Bought by Oak Grove Capital LLC

Oak Grove Capital LLC grew its holdings in GE Vernova Inc. (NYSE:GEV) by 252.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,265 shares of the company’s stock after acquiring an additional 7,351 shares during the quarter. Oak Grove Capital LLC’s holdings in GE Vernova were worth $9,757,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Cornerstone Financial Management LLC acquired a new stake in GE Vernova in the 4th quarter worth $25,000. Manning & Napier Advisors LLC increased its stake in GE Vernova by 68.4% during the first quarter. Manning & Napier Advisors LLC now owns 32 shares of the company’s stock valued at $26,000 after acquiring an additional 13 shares during the period. Parvin Asset Management LLC acquired a new position in GE Vernova in the 2nd quarter valued at approximately $32,000. Motiv8 Investments LLC bought a new stake in shares of GE Vernova in the 4th quarter worth approximately $34,000. Finally, Financially Speaking Inc grew its holdings in shares of GE Vernova by 1,666.7% during the 4th quarter. Financially Speaking Inc now owns 53 shares of the company’s stock worth $35,000 after purchasing an additional 50 shares in the last quarter.

GE Vernova Price Performance

NYSE GEV opened at $1,003.83 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.62 and a current ratio of 0.85. The stock has a market cap of $267.35 billion, a price-to-earnings ratio of 28.73, a PEG ratio of 3.46 and a beta of 1.14. The business has a 50 day simple moving average of $967.78 and a 200 day simple moving average of $998.65. GE Vernova Inc. has a 52-week low of $530.16 and a 52-week high of $1,195.94.

GE Vernova (NYSE:GEV) last released its quarterly earnings results on Wednesday, July 22nd. The company reported $2.47 earnings per share for the quarter, missing the consensus estimate of $3.17 by ($0.70). GE Vernova had a net margin of 23.03% and a return on equity of 42.42%. The company had revenue of $11.10 billion during the quarter, compared to analyst estimates of $10.79 billion. During the same quarter last year, the company earned $1.86 EPS. The firm’s quarterly revenue was up 21.9% compared to the same quarter last year. Analysts anticipate that GE Vernova Inc. will post 15.03 earnings per share for the current fiscal year.

GE Vernova Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 24th. Investors of record on Tuesday, October 27th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, October 27th. This represents a $2.00 dividend on an annualized basis and a yield of 0.2%. GE Vernova’s dividend payout ratio is presently 5.72%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on GEV shares. BMO Capital Markets reiterated an “outperform” rating and set a $1,250.00 price target (up from $1,110.00) on shares of GE Vernova in a research note on Friday, August 7th. Oppenheimer lifted their target price on shares of GE Vernova from $1,303.00 to $1,338.00 and gave the company an “outperform” rating in a research report on Thursday, July 23rd. William Blair reissued an “outperform” rating on shares of GE Vernova in a research report on Monday, August 3rd. Weiss Ratings reiterated a “buy (b)” rating on shares of GE Vernova in a research note on Tuesday, July 21st. Finally, Glj Research assumed coverage on GE Vernova in a research report on Monday, September 14th. They set a “sell” rating and a $470.00 target price for the company. Two analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $1,165.87.

GE Vernova Profile

GE Vernova Inc (NYSE: GEV) is an energy technology company formed through the separation of General Electric’s energy businesses in April 2024. The company is focused on helping generate, transmit, distribute and store electricity as power systems adapt to rising demand and the transition toward lower-carbon energy sources.

GE Vernova operates across three principal business areas: Power, Wind and Electrification. Its products and services include gas and steam power generation equipment, nuclear and hydropower technologies, onshore and offshore wind turbines, wind services, grid equipment, electrification systems, energy storage solutions and software used to monitor and manage energy infrastructure.

The company serves utilities, independent power producers, industrial customers and other energy-sector organizations in markets around the world.