BSW Wealth Partners Raises Stake in GE Vernova Inc. $GEV

BSW Wealth Partners boosted its stake in GE Vernova Inc. (NYSE:GEV) by 114.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,470 shares of the company’s stock after purchasing an additional 784 shares during the quarter. BSW Wealth Partners’ holdings in GE Vernova were worth $904,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of GEV. Bay Harbor Wealth Management LLC boosted its position in shares of GE Vernova by 537.5% in the third quarter. Bay Harbor Wealth Management LLC now owns 51 shares of the company’s stock valued at $31,000 after acquiring an additional 43 shares during the period. Elevation Wealth Partners LLC lifted its stake in GE Vernova by 47.2% in the 3rd quarter. Elevation Wealth Partners LLC now owns 53 shares of the company’s stock worth $33,000 after purchasing an additional 17 shares in the last quarter. WFA Asset Management Corp bought a new position in GE Vernova in the 2nd quarter valued at $29,000. Howard Hughes Medical Institute purchased a new position in shares of GE Vernova during the 2nd quarter valued at $31,000. Finally, Monetary Management Group Inc. bought a new position in shares of GE Vernova in the second quarter worth $32,000.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on GEV shares. Glj Research lifted their price objective on GE Vernova from $702.00 to $758.00 and gave the company a “buy” rating in a research note on Wednesday, October 15th. Oppenheimer upgraded GE Vernova from a “market perform” rating to an “outperform” rating and set a $855.00 price target for the company in a research report on Wednesday, December 10th. BMO Capital Markets boosted their price objective on GE Vernova from $710.00 to $780.00 and gave the stock an “outperform” rating in a report on Wednesday, December 10th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $761.00 target price on shares of GE Vernova in a research note on Monday. Finally, Barclays lifted their price objective on shares of GE Vernova from $710.00 to $720.00 and gave the stock an “overweight” rating in a report on Thursday, December 4th. Four research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, GE Vernova presently has an average rating of “Moderate Buy” and a consensus target price of $691.11.

GE Vernova Stock Performance

GEV stock opened at $666.81 on Friday. The company has a market capitalization of $180.92 billion, a PE ratio of 108.60, a price-to-earnings-growth ratio of 5.09 and a beta of 1.71. GE Vernova Inc. has a one year low of $252.25 and a one year high of $731.00. The company’s 50 day moving average price is $604.05 and its two-hundred day moving average price is $593.14.

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

GE Vernova Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 2nd. Stockholders of record on Monday, January 5th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.3%. This is an increase from GE Vernova’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Monday, January 5th. GE Vernova’s payout ratio is 16.29%.

GE Vernova Company 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.