784 Shares in GE Vernova Inc. (NYSE:GEV) Acquired by BSW Wealth Partners

BSW Wealth Partners bought a new stake in GE Vernova Inc. (NYSE:GEV) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 784 shares of the company’s stock, valued at approximately $258,000.

Other institutional investors also recently added to or reduced their stakes in the company. Perigon Wealth Management LLC increased its holdings in shares of GE Vernova by 29.9% during the fourth quarter. Perigon Wealth Management LLC now owns 4,670 shares of the company’s stock valued at $1,536,000 after purchasing an additional 1,074 shares during the period. Curbstone Financial Management Corp bought a new position in GE Vernova in the 4th quarter valued at about $439,000. Legacy Bridge LLC increased its stake in GE Vernova by 77.0% during the 4th quarter. Legacy Bridge LLC now owns 10,982 shares of the company’s stock valued at $3,612,000 after buying an additional 4,776 shares during the period. Berkshire Bank raised its position in shares of GE Vernova by 83.9% during the 4th quarter. Berkshire Bank now owns 2,256 shares of the company’s stock worth $742,000 after buying an additional 1,029 shares in the last quarter. Finally, Foundations Investment Advisors LLC lifted its stake in shares of GE Vernova by 7.1% in the 4th quarter. Foundations Investment Advisors LLC now owns 2,395 shares of the company’s stock worth $788,000 after acquiring an additional 158 shares during the period.

GE Vernova Stock Down 0.4 %

Shares of NYSE:GEV opened at $353.65 on Thursday. GE Vernova Inc. has a 12-month low of $115.00 and a 12-month high of $447.50. The firm has a market capitalization of $97.48 billion and a P/E ratio of 63.61. The firm has a fifty day moving average of $353.77 and a two-hundred day moving average of $275.94.

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

GE Vernova Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 28th. Shareholders of record on Friday, December 20th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.28%. The ex-dividend date of this dividend was Friday, December 20th. GE Vernova’s payout ratio is 17.99%.

GE Vernova announced that its board has initiated a stock repurchase program on Tuesday, December 10th that authorizes the company to buyback $6.00 billion in shares. This buyback authorization authorizes the company to buy up to 6.7% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board believes its stock is undervalued.

Wall Street Analysts Forecast Growth

GEV has been the topic of a number of research analyst reports. Hsbc Global Res lowered shares of GE Vernova from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 4th. Guggenheim downgraded GE Vernova from a “buy” rating to a “neutral” rating and set a $380.00 price objective on the stock. in a research note on Friday, January 24th. HSBC reaffirmed a “hold” rating and set a $255.00 target price (up previously from $240.00) on shares of GE Vernova in a research note on Friday, October 4th. Barclays boosted their price target on shares of GE Vernova from $420.00 to $487.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Finally, William Blair restated an “outperform” rating on shares of GE Vernova in a research report on Thursday, January 23rd. Eight equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, GE Vernova has a consensus rating of “Moderate Buy” and a consensus target price 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.