Crossmark Global Holdings Inc. Buys 1,252 Shares of GE Vernova Inc. $GEV

Crossmark Global Holdings Inc. increased its position in GE Vernova Inc. (NYSE:GEV) by 9.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 14,629 shares of the company’s stock after acquiring an additional 1,252 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in GE Vernova were worth $9,561,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Jackson Grant Investment Advisers Inc. increased its holdings in GE Vernova by 344.4% in the 3rd quarter. Jackson Grant Investment Advisers Inc. now owns 40 shares of the company’s stock worth $25,000 after acquiring an additional 31 shares during the last quarter. Wealth Watch Advisors INC purchased a new stake in GE Vernova in the 3rd quarter worth about $25,000. Torren Management LLC purchased a new stake in GE Vernova in the 4th quarter worth about $26,000. ORG Wealth Partners LLC increased its holdings in GE Vernova by 241.7% in the 4th quarter. ORG Wealth Partners LLC now owns 41 shares of the company’s stock worth $27,000 after acquiring an additional 29 shares during the last quarter. Finally, Monetary Management Group Inc. purchased a new stake in GE Vernova in the 2nd quarter worth about $32,000.

Analysts Set New Price Targets

Several research analysts have commented on GEV shares. The Goldman Sachs Group restated a “buy” rating and issued a $1,328.00 target price on shares of GE Vernova in a research note on Friday, April 24th. Argus set a $1,300.00 target price on GE Vernova in a research note on Monday, April 27th. Zacks Research downgraded GE Vernova from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 28th. BNP Paribas Exane downgraded GE Vernova from an “outperform” rating to a “neutral” rating and set a $1,190.00 target price for the company. in a research note on Monday, April 27th. Finally, Guggenheim raised their target price on GE Vernova from $910.00 to $1,300.00 and gave the stock a “buy” rating in a research note on Thursday, April 23rd. Two analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $1,090.76.

GE Vernova Stock Performance

Shares of NYSE GEV opened at $1,040.75 on Friday. The stock has a market cap of $279.67 billion, a price-to-earnings ratio of 30.32, a P/E/G ratio of 3.90 and a beta of 1.51. The company has a current ratio of 0.89, a quick ratio of 0.65 and a debt-to-equity ratio of 0.19. GE Vernova Inc. has a 1-year low of $387.03 and a 1-year high of $1,181.95. The stock’s 50-day moving average is $933.83 and its 200 day moving average is $755.75.

GE Vernova (NYSE:GEV) last announced its quarterly earnings results on Wednesday, April 22nd. The company reported $17.44 EPS for the quarter, topping analysts’ consensus estimates of $1.95 by $15.49. The business had revenue of $9.34 billion for the quarter, compared to analysts’ expectations of $9.19 billion. GE Vernova had a return on equity of 43.97% and a net margin of 23.81%.The business’s quarterly revenue was up 17.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.91 EPS. On average, sell-side analysts anticipate that GE Vernova Inc. will post 14.84 EPS for the current fiscal year.

GE Vernova Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 14th. Stockholders of record on Tuesday, March 17th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Tuesday, March 17th. This represents a $2.00 annualized dividend and a dividend yield of 0.2%. GE Vernova’s payout ratio is 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.