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

Key Points

• RVW Wealth LLC boosted its position in GE Vernova by 184.9% in Q4, ending the quarter with 2,336 shares after buying 1,516 more, valued at approximately $1.53 million.
• GE Vernova reported a blowout quarter with EPS $13.39 versus a $2.99 consensus and revenue of $10.96 billion, posting a 12.83% net margin and a 46.91% return on equity.
• Analysts are largely bullish—MarketBeat shows a consensus rating of Moderate Buy with an average target of $837.25—while the stock trades near its 1-year high and the company pays a $0.50 quarterly dividend (0.2% yield).

RVW Wealth LLC boosted its position in GE Vernova Inc. (NYSE:GEV - Free Report) by 184.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,336 shares of the company's stock after purchasing 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 filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Brighton Jones LLC grew its holdings 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 buying an additional 753 shares in the last quarter. Schnieders Capital Management LLC. lifted its stake in shares of GE Vernova by 1.7% during the second quarter. Schnieders Capital Management LLC. now owns 1,564 shares of the company's stock valued at $828,000 after buying an additional 26 shares during the period. Bahl & Gaynor Inc. lifted its stake in shares of GE Vernova by 6.9% during the second quarter. Bahl & Gaynor Inc. now owns 1,058 shares of the company's stock valued at $560,000 after buying an additional 68 shares during the period. Cozad Asset Management Inc. acquired a new stake in GE Vernova during the second quarter worth approximately $322,000. Finally, Coldstream Capital Management Inc. boosted its position in GE Vernova by 13.2% during the second quarter. Coldstream Capital Management Inc. now owns 6,519 shares of the company's stock worth $3,450,000 after acquiring an additional 761 shares during the last quarter.

GE Vernova Stock Performance

NYSE GEV opened at $882.66 on Tuesday. GE Vernova Inc. has a one year low of $252.25 and a one year high of $920.63. The company's 50 day moving average price is $784.19 and its 200 day moving average price is $674.79. The firm has a market capitalization of $237.90 billion, a price-to-earnings ratio of 49.59, a PEG ratio of 3.39 and a beta of 1.45.

GE Vernova (NYSE:GEV - Get Free Report) last released its quarterly earnings data on Wednesday, January 28th. The company reported $13.39 earnings per share (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 during 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. GE Vernova's revenue for the quarter was up 3.8% on a year-over-year basis. Sell-side analysts forecast that GE Vernova Inc. will post 6.59 EPS for the current fiscal year.

GE Vernova Dividend Announcement

The business also recently declared 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 annualized dividend and a yield of 0.2%. The ex-dividend date is Tuesday, March 17th. GE Vernova's dividend payout ratio is currently 11.24%.

Analyst Ratings Changes

Several research analysts have weighed in on GEV shares. Jefferies Financial Group reiterated a "buy" rating and issued a $930.00 price target on shares of GE Vernova in a report on Thursday, January 29th. Glj Research lifted their price objective on GE Vernova from $758.00 to $1,087.00 and gave the company a "buy" rating in a research report on Monday, January 12th. The Goldman Sachs Group increased their target price on GE Vernova from $840.00 to $925.00 and gave the stock a "buy" rating in a research report on Thursday, January 29th. Wall Street Zen upgraded GE Vernova from a "hold" rating to a "buy" rating in a report on Saturday, January 31st. Finally, Bank of America upped their price objective on shares of GE Vernova from $725.00 to $804.00 and gave the company a "buy" rating in a research note on Wednesday, December 10th. One analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average 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.

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