Berry Wealth Group LP Takes $268,000 Position in GE Vernova Inc. $GEV

Berry Wealth Group LP bought a new position in shares of GE Vernova Inc. (NYSE:GEV) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 507 shares of the company’s stock, valued at approximately $268,000.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Sachetta LLC lifted its holdings in shares of GE Vernova by 10.7% during the 2nd quarter. Sachetta LLC now owns 165 shares of the company’s stock worth $87,000 after acquiring an additional 16 shares during the period. Good Life Advisors LLC increased its position in GE Vernova by 1.0% during the second quarter. Good Life Advisors LLC now owns 1,654 shares of the company’s stock worth $875,000 after purchasing an additional 16 shares during the last quarter. Bell Investment Advisors Inc raised its stake in GE Vernova by 6.7% during the second quarter. Bell Investment Advisors Inc now owns 256 shares of the company’s stock worth $135,000 after purchasing an additional 16 shares during the period. AMG National Trust Bank boosted its holdings in shares of GE Vernova by 1.5% in the 2nd quarter. AMG National Trust Bank now owns 1,145 shares of the company’s stock valued at $606,000 after purchasing an additional 17 shares during the last quarter. Finally, Highline Wealth Partners LLC boosted its holdings in shares of GE Vernova by 34.6% in the 2nd quarter. Highline Wealth Partners LLC now owns 70 shares of the company’s stock valued at $37,000 after purchasing an additional 18 shares during the last quarter.

Wall Street Analyst Weigh In

A number of analysts have recently commented on GEV shares. BMO Capital Markets increased their target price on GE Vernova from $690.00 to $710.00 and gave the stock an “outperform” rating in a research report on Thursday, October 23rd. Mizuho dropped their price target on GE Vernova from $677.00 to $660.00 and set a “neutral” rating for the company in a research note on Friday, October 24th. Redburn Partners set a $475.00 price objective on GE Vernova in a research note on Wednesday, October 15th. Citigroup decreased their target price on GE Vernova from $670.00 to $658.00 and set a “neutral” rating for the company in a report on Thursday, October 23rd. Finally, Glj Research raised their price target on shares of GE Vernova from $702.00 to $758.00 and gave the company a “buy” rating in a report on Wednesday, October 15th. Four equities research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $607.81.

GE Vernova Trading Up 1.3%

NYSE GEV opened at $597.59 on Friday. The company’s fifty day simple moving average is $592.17 and its 200-day simple moving average is $568.67. GE Vernova Inc. has a 52 week low of $252.25 and a 52 week high of $677.29. The stock has a market cap of $162.14 billion, a P/E ratio of 97.33, a PEG ratio of 4.39 and a beta of 1.68.

GE Vernova (NYSE:GEV) last released its quarterly earnings results on Wednesday, October 22nd. The company reported $1.64 earnings per share for the quarter, missing analysts’ consensus estimates of $1.72 by ($0.08). GE Vernova had a net margin of 4.52% and a return on equity of 17.07%. The firm had revenue of $9.97 billion for the quarter, compared to analyst estimates of $9.15 billion. During the same period in the previous year, the business posted ($0.35) earnings per share. GE Vernova’s revenue for the quarter was up 11.8% on a year-over-year basis. GE Vernova has set its FY 2025 guidance at EPS. On average, research analysts expect that GE Vernova Inc. will post 6.59 EPS for the current fiscal year.

GE Vernova Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, November 17th. Shareholders of record on Monday, October 20th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend was Monday, October 20th. GE Vernova’s dividend payout ratio is presently 16.29%.

GE Vernova Company Profile

GE Vernova LLC, an energy business company, generates electricity. It operates under three segments: Power, Wind, and Electrification. The Power segments generates and sells electricity through hydro, gas, nuclear, and steam power. Wind segment engages in the manufacturing and sale of wind turbine blades; and Electrification segment provides grid solutions, power conversion, solar, and storage solutions.