BCS Wealth Management Buys 570 Shares of GE Vernova Inc. $GEV

BCS Wealth Management raised its stake in GE Vernova Inc. (NYSE:GEVFree Report) by 102.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,127 shares of the company’s stock after buying an additional 570 shares during the period. BCS Wealth Management’s holdings in GE Vernova were worth $737,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Jackson Grant Investment Advisers Inc. lifted its holdings in shares of 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 bought a new stake in shares of GE Vernova in the 3rd quarter worth approximately $25,000. ORG Wealth Partners LLC lifted its holdings in shares of 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. Bay Harbor Wealth Management LLC lifted its holdings in shares of GE Vernova by 537.5% in the 3rd quarter. Bay Harbor Wealth Management LLC now owns 51 shares of the company’s stock worth $31,000 after acquiring an additional 43 shares during the last quarter. Finally, Elevation Wealth Partners LLC lifted its holdings in shares of 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 acquiring an additional 17 shares during the last quarter.

Analysts Set New Price Targets

GEV has been the subject of a number of recent research reports. China Renaissance upgraded shares of GE Vernova to a “strong-buy” rating in a report on Thursday, January 29th. Susquehanna boosted their price objective on shares of GE Vernova from $820.00 to $1,080.00 and gave the stock a “positive” rating in a report on Thursday, April 9th. The Goldman Sachs Group boosted their price objective on shares of GE Vernova from $840.00 to $925.00 and gave the stock a “buy” rating in a report on Thursday, January 29th. Zacks Research upgraded shares of GE Vernova from a “hold” rating to a “strong-buy” rating in a report on Monday, March 30th. Finally, UBS Group reissued a “buy” rating on shares of GE Vernova in a research note on Thursday, January 29th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, GE Vernova presently has a consensus rating of “Buy” and an average target price of $889.30.

Get Our Latest Stock Analysis on GEV

Key Headlines Impacting GE Vernova

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GE Vernova Stock Down 0.1%

Shares of NYSE GEV opened at $986.29 on Thursday. GE Vernova Inc. has a 52 week low of $306.21 and a 52 week high of $1,007.38. The firm’s fifty day moving average is $860.93 and its 200 day moving average is $709.94. The company has a market cap of $265.17 billion, a price-to-earnings ratio of 55.41, a PEG ratio of 3.88 and a beta of 1.43.

GE Vernova (NYSE:GEVGet Free Report) last issued its earnings results on Wednesday, January 28th. The company reported $13.39 EPS for the quarter, topping the consensus estimate of $2.99 by $10.40. GE Vernova had a net margin of 12.83% and a return on equity of 46.91%. The company had revenue of $10.96 billion for the quarter, compared to the consensus estimate of $10.21 billion. During the same period in the previous year, the firm earned $1.73 earnings per share. The firm’s revenue for the quarter was up 3.8% on a year-over-year basis. Equities research analysts anticipate that GE Vernova Inc. will post 6.59 earnings per share for the current year.

GE Vernova Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 14th. Investors of record on Tuesday, March 17th were issued a $0.50 dividend. The ex-dividend date was Tuesday, March 17th. This represents a $2.00 annualized dividend and a yield of 0.2%. GE Vernova’s payout ratio is 11.24%.

About GE Vernova

(Free Report)

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.

See Also

Institutional Ownership by Quarter for GE Vernova (NYSE:GEV)

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