Exencial Wealth Advisors LLC Acquires 803 Shares of GE Vernova Inc. $GEV

Exencial Wealth Advisors LLC raised its holdings in GE Vernova Inc. (NYSE:GEV) by 105.5% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,564 shares of the company’s stock after buying an additional 803 shares during the quarter. Exencial Wealth Advisors LLC’s holdings in GE Vernova were worth $962,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Sachetta LLC boosted its stake in GE Vernova by 10.7% during the second quarter. Sachetta LLC now owns 165 shares of the company’s stock worth $87,000 after acquiring an additional 16 shares in the last quarter. Good Life Advisors LLC raised its holdings in shares of GE Vernova by 1.0% during the second quarter. Good Life Advisors LLC now owns 1,654 shares of the company’s stock valued at $875,000 after purchasing an additional 16 shares during the period. Bell Investment Advisors Inc boosted its position in shares of GE Vernova by 6.7% during the 2nd quarter. Bell Investment Advisors Inc now owns 256 shares of the company’s stock worth $135,000 after purchasing an additional 16 shares in the last quarter. Northwest Wealth Management LLC grew its stake in shares of GE Vernova by 3.6% in the 3rd quarter. Northwest Wealth Management LLC now owns 465 shares of the company’s stock valued at $286,000 after buying an additional 16 shares during the period. Finally, AMG National Trust Bank increased its position in 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 buying an additional 17 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on GEV shares. Rothschild Redb cut GE Vernova from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 15th. Rothschild & Co Redburn reissued a “sell” rating and issued a $475.00 price target on shares of GE Vernova in a research report on Wednesday, October 15th. Royal Bank Of Canada restated an “outperform” rating and set a $761.00 price target on shares of GE Vernova in a research note on Monday, December 22nd. Seaport Res Ptn lowered shares of GE Vernova from a “strong-buy” rating to a “hold” rating in a research note on Thursday, December 11th. Finally, UBS Group lifted their price objective on shares of GE Vernova from $760.00 to $835.00 and gave the company a “buy” rating in a report on Wednesday, December 10th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $703.04.

GE Vernova Price Performance

GEV opened at $641.95 on Friday. GE Vernova Inc. has a 1 year low of $252.25 and a 1 year high of $731.00. The company has a market capitalization of $174.17 billion, a price-to-earnings ratio of 104.55, a P/E/G ratio of 2.70 and a beta of 1.67. The firm’s fifty day moving average price is $627.34 and its two-hundred day moving average price is $610.18.

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 the consensus estimate of $9.15 billion. During the same period in the previous year, the business earned ($0.35) earnings per share. The firm’s revenue for the quarter was up 11.8% on a year-over-year basis. As a group, equities analysts anticipate that GE Vernova Inc. will post 6.59 EPS for the current year.

GE Vernova Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 2nd. Stockholders of record on Monday, January 5th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date is Monday, January 5th. This is a boost from GE Vernova’s previous quarterly dividend of $0.25. GE Vernova’s dividend payout ratio (DPR) is presently 32.57%.

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.