BCU Wealth Advisors LLC Acquires New Position in GE Vernova Inc. $GEV

Key Points

• BCU Wealth Advisors LLC acquired 520 shares of GE Vernova Inc., valued at approximately $275,000, marking a new position for the fund during the second quarter.
• GE Vernova has received multiple buy ratings from research analysts, with target prices ranging from $614.00 to $740.00, reflecting bullish sentiment on the stock's potential growth.
• The company recently declared a quarterly dividend of $0.25, with an annualized yield of 0.2%, and is set to pay on November 17th to investors of record.

BCU Wealth Advisors LLC acquired a new stake in GE Vernova Inc. (NYSE:GEV - Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The fund acquired 520 shares of the company's stock, valued at approximately $275,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in GEV. Brighton Jones LLC raised its stake in GE Vernova by 29.4% in the 4th quarter. Brighton Jones LLC now owns 3,315 shares of the company's stock valued at $1,091,000 after acquiring an additional 753 shares during the period. First Hawaiian Bank bought a new position in shares of GE Vernova in the first quarter worth approximately $341,000. Rhumbline Advisers increased its position in shares of GE Vernova by 3.9% in the first quarter. Rhumbline Advisers now owns 485,232 shares of the company's stock worth $148,132,000 after purchasing an additional 18,369 shares during the last quarter. Mechanics Bank Trust Department increased its position in shares of GE Vernova by 23.8% in the first quarter. Mechanics Bank Trust Department now owns 1,511 shares of the company's stock worth $461,000 after purchasing an additional 290 shares during the last quarter. Finally, 180 Wealth Advisors LLC increased its position in shares of GE Vernova by 9.3% in the first quarter. 180 Wealth Advisors LLC now owns 1,760 shares of the company's stock worth $537,000 after purchasing an additional 150 shares during the last quarter.

Insider Buying and Selling

In related news, CFO Kenneth Scott Parks sold 3,300 shares of the firm's stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of $620.00, for a total value of $2,046,000.00. Following the completion of the sale, the chief financial officer owned 7,590 shares of the company's stock, valued at $4,705,800. This trade represents a 30.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.15% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

GEV has been the topic of several research analyst reports. Glj Research initiated coverage on shares of GE Vernova in a research report on Monday, June 23rd. They issued a "buy" rating on the stock. UBS Group initiated coverage on shares of GE Vernova in a research report on Monday, July 7th. They issued a "buy" rating and a $614.00 price objective on the stock. JPMorgan Chase & Co. upped their price objective on shares of GE Vernova from $620.00 to $715.00 and gave the stock an "overweight" rating in a research report on Thursday, July 24th. Morgan Stanley upped their target price on GE Vernova from $511.00 to $675.00 and gave the stock an "overweight" rating in a research note on Thursday, July 24th. Finally, Melius raised GE Vernova from a "hold" rating to a "buy" rating and set a $740.00 target price for the company in a research note on Monday, September 15th. Four research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and eight have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $592.35.

GE Vernova Stock Performance

NYSE:GEV opened at $600.66 on Tuesday. The firm has a market cap of $163.51 billion, a PE ratio of 144.74, a price-to-earnings-growth ratio of 4.41 and a beta of 1.88. GE Vernova Inc. has a fifty-two week low of $248.50 and a fifty-two week high of $677.29. The business has a 50 day moving average price of $623.69 and a 200-day moving average price of $493.48.

GE Vernova (NYSE:GEV - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The company reported $1.86 earnings per share for the quarter, beating analysts' consensus estimates of $1.63 by $0.23. The firm had revenue of $9.11 billion during the quarter, compared to analyst estimates of $8.78 billion. GE Vernova had a return on equity of 13.23% and a net margin of 3.16%.The business's quarterly revenue was up 11.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $4.65 earnings per share. GE Vernova has set its FY 2025 guidance at EPS. Research analysts predict that GE Vernova Inc. will post 6.59 EPS for the current year.

GE Vernova Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 17th. Investors of record on Monday, October 20th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Monday, October 20th. This represents a $1.00 dividend on an annualized basis and a yield of 0.2%. GE Vernova's dividend payout ratio (DPR) is presently 24.10%.

GE Vernova Profile

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.

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