BSW Wealth Partners Purchases Shares of 784 GE Vernova Inc. (NYSE:GEV)

BSW Wealth Partners bought a new position in GE Vernova Inc. (NYSE:GEV - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 784 shares of the company's stock, valued at approximately $258,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Mountaineer Partners Management LLC acquired a new position in shares of GE Vernova in the 3rd quarter valued at $2,507,296,000. International Assets Investment Management LLC raised its position in shares of GE Vernova by 35,238.2% in the 3rd quarter. International Assets Investment Management LLC now owns 1,435,792 shares of the company's stock worth $366,098,000 after buying an additional 1,431,729 shares during the period. WCM Investment Management LLC boosted its holdings in GE Vernova by 83.1% in the third quarter. WCM Investment Management LLC now owns 2,560,248 shares of the company's stock valued at $639,704,000 after acquiring an additional 1,161,901 shares during the last quarter. FMR LLC grew its position in GE Vernova by 2.5% during the third quarter. FMR LLC now owns 24,047,678 shares of the company's stock valued at $6,131,677,000 after acquiring an additional 584,208 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in GE Vernova by 34.1% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,812,192 shares of the company's stock worth $462,073,000 after acquiring an additional 460,834 shares during the last quarter.

GE Vernova Stock Up 8.3 %

Shares of NYSE:GEV traded up $29.48 on Thursday, reaching $382.73. 5,674,233 shares of the company's stock were exchanged, compared to its average volume of 4,349,397. GE Vernova Inc. has a fifty-two week low of $115.00 and a fifty-two week high of $447.50. The business's 50-day moving average is $353.99 and its two-hundred day moving average is $276.49. The firm has a market capitalization of $105.50 billion and a price-to-earnings ratio of 68.84.

GE Vernova (NYSE:GEV - Get Free Report) last issued its earnings results on Wednesday, January 22nd. The company reported $1.73 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.30 by ($0.57). The business had revenue of $10.56 billion during the quarter, compared to the consensus estimate of $10.70 billion. GE Vernova had a return on equity of 6.70% and a net margin of 4.44%. GE Vernova's quarterly revenue was up 5.1% compared to the same quarter last year. Analysts predict that GE Vernova Inc. will post 6.61 earnings per share for the current fiscal year.

GE Vernova declared that its Board of Directors has approved a share repurchase plan on Tuesday, December 10th that allows the company to buyback $6.00 billion in outstanding shares. This buyback authorization allows the company to purchase up to 6.7% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's board believes its shares are undervalued.

GE Vernova Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 28th. Stockholders of record on Friday, December 20th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, December 20th. This represents a $1.00 annualized dividend and a dividend yield of 0.26%. GE Vernova's dividend payout ratio is currently 17.99%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Citigroup lifted their price objective on GE Vernova from $361.00 to $437.00 and gave the company a "neutral" rating in a research note on Thursday, January 23rd. Deutsche Bank Aktiengesellschaft started coverage on shares of GE Vernova in a research report on Monday, October 21st. They set a "buy" rating and a $354.00 price target on the stock. Evercore ISI increased their price objective on shares of GE Vernova from $385.00 to $390.00 and gave the stock an "outperform" rating in a research report on Wednesday, December 11th. Royal Bank of Canada restated an "outperform" rating and set a $453.00 target price on shares of GE Vernova in a report on Tuesday. Finally, Raymond James cut shares of GE Vernova from an "outperform" rating to a "market perform" rating in a research report on Wednesday, October 2nd. Eight analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, GE Vernova has a consensus rating of "Moderate Buy" and a consensus price target of $342.94.

About GE Vernova

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.