GE Vernova Inc. $GEV Shares Purchased by RVW Wealth LLC

RVW Wealth LLC boosted its stake in GE Vernova Inc. (NYSE:GEV) by 184.9% in the fourth quarter, Holdings Channel reports. The fund owned 2,336 shares of the company’s stock after buying an additional 1,516 shares during the quarter. RVW Wealth LLC’s holdings in GE Vernova were worth $1,527,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in GEV. Brighton Jones LLC lifted its position in shares of GE Vernova by 29.4% during the fourth quarter. Brighton Jones LLC now owns 3,315 shares of the company’s stock worth $1,091,000 after purchasing an additional 753 shares in the last quarter. Schnieders Capital Management LLC. grew its holdings in GE Vernova by 1.7% during the 2nd quarter. Schnieders Capital Management LLC. now owns 1,564 shares of the company’s stock valued at $828,000 after purchasing an additional 26 shares in the last quarter. Bahl & Gaynor Inc. increased its stake in GE Vernova by 6.9% during the 2nd quarter. Bahl & Gaynor Inc. now owns 1,058 shares of the company’s stock worth $560,000 after buying an additional 68 shares during the period. Cozad Asset Management Inc. purchased a new stake in GE Vernova during the 2nd quarter worth $322,000. Finally, Coldstream Capital Management Inc. lifted its holdings in GE Vernova by 13.2% in the 2nd quarter. Coldstream Capital Management Inc. now owns 6,519 shares of the company’s stock worth $3,450,000 after buying an additional 761 shares in the last quarter.

GE Vernova Price Performance

NYSE:GEV opened at $882.66 on Tuesday. The firm has a market capitalization of $237.90 billion, a P/E ratio of 49.59, a P/E/G ratio of 3.39 and a beta of 1.45. The business has a 50 day simple moving average of $784.19 and a 200 day simple moving average of $674.79. GE Vernova Inc. has a 12-month low of $252.25 and a 12-month high of $920.63.

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

GE Vernova Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 14th. Investors of record on Tuesday, March 17th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend is Tuesday, March 17th. GE Vernova’s dividend payout ratio (DPR) is 11.24%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on GEV shares. Evercore raised their target price on GE Vernova from $860.00 to $905.00 and gave the company an “outperform” rating in a research note on Thursday, January 29th. Barclays reissued an “overweight” rating and issued a $849.00 price target on shares of GE Vernova in a report on Monday, February 2nd. Weiss Ratings upgraded GE Vernova from a “hold (c)” rating to a “buy (b-)” rating in a research note on Thursday, February 5th. Mizuho set a $714.00 target price on GE Vernova in a research note on Tuesday, February 3rd. Finally, Royal Bank Of Canada raised their price target on shares of GE Vernova from $761.00 to $800.00 and gave the stock an “outperform” rating in a research report on Friday, January 30th. One research analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $837.25.

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.