U.S. Capital Wealth Advisors LLC Grows Stock Position in GE Vernova Inc. $GEV

U.S. Capital Wealth Advisors LLC raised its holdings in GE Vernova Inc. (NYSE:GEVFree Report) by 22.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 11,229 shares of the company’s stock after buying an additional 2,029 shares during the quarter. U.S. Capital Wealth Advisors LLC’s holdings in GE Vernova were worth $7,339,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Voisard Asset Management Group Inc. raised its stake in GE Vernova by 2.7% in the fourth quarter. Voisard Asset Management Group Inc. now owns 575 shares of the company’s stock valued at $376,000 after buying an additional 15 shares during the last quarter. Northwest Wealth Management LLC raised its stake in GE Vernova by 3.6% in the third quarter. Northwest Wealth Management LLC now owns 465 shares of the company’s stock valued at $286,000 after buying an additional 16 shares during the last quarter. Sutton Place Investors LLC raised its stake in GE Vernova by 3.1% in the fourth quarter. Sutton Place Investors LLC now owns 531 shares of the company’s stock valued at $347,000 after buying an additional 16 shares during the last quarter. Washburn Capital Management Inc. raised its stake in GE Vernova by 0.3% in the fourth quarter. Washburn Capital Management Inc. now owns 4,735 shares of the company’s stock valued at $3,095,000 after buying an additional 16 shares during the last quarter. Finally, Traphagen Investment Advisors LLC raised its stake in GE Vernova by 1.2% in the third quarter. Traphagen Investment Advisors LLC now owns 1,418 shares of the company’s stock valued at $872,000 after buying an additional 17 shares during the last quarter.

Wall Street Analyst Weigh In

GEV has been the subject of a number of research analyst reports. Susquehanna increased their price target on GE Vernova from $820.00 to $1,080.00 and gave the company a “positive” rating in a research note on Thursday. Mizuho set a $714.00 price target on GE Vernova in a research note on Tuesday, February 3rd. Weiss Ratings upgraded GE Vernova from a “hold (c)” rating to a “buy (b-)” rating in a research note on Thursday, February 5th. Glj Research raised their price objective on GE Vernova from $758.00 to $1,087.00 and gave the stock a “buy” rating in a research note on Monday, January 12th. Finally, China Renaissance upgraded GE Vernova to a “strong-buy” rating in a research note on Thursday, January 29th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, GE Vernova presently has a consensus rating of “Buy” and a consensus price target of $874.91.

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Key GE Vernova News

Here are the key news stories impacting GE Vernova this week:

GE Vernova Stock Up 0.0%

Shares of NYSE:GEV opened at $991.80 on Monday. GE Vernova Inc. has a 52-week low of $306.00 and a 52-week high of $999.43. The stock has a market cap of $266.66 billion, a price-to-earnings ratio of 55.72, a PEG ratio of 3.90 and a beta of 1.43. The business has a 50-day moving average price of $847.25 and a 200-day moving average price of $702.58.

GE Vernova (NYSE:GEVGet Free Report) last posted its earnings results on Wednesday, January 28th. The company reported $13.39 EPS 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%.GE Vernova’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same period last year, the company earned $1.73 earnings per share. As a group, equities analysts anticipate that GE Vernova Inc. will post 6.59 EPS for the current fiscal year.

GE Vernova Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 14th. Investors of record on Tuesday, March 17th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a 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%.

GE Vernova Company Profile

(Free Report)

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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Institutional Ownership by Quarter for GE Vernova (NYSE:GEV)

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