GE Vernova Inc. $GEV Shares Acquired by Mccarter Private Wealth Services LLC

Mccarter Private Wealth Services LLC grew its stake in GE Vernova Inc. (NYSE:GEV) by 7.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,845 shares of the company’s stock after purchasing an additional 133 shares during the period. Mccarter Private Wealth Services LLC’s holdings in GE Vernova were worth $563,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Compound Planning Inc. boosted its stake in shares of GE Vernova by 17.3% in the first quarter. Compound Planning Inc. now owns 2,132 shares of the company’s stock valued at $651,000 after buying an additional 315 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in shares of GE Vernova by 11.5% in the first quarter. Ameriprise Financial Inc. now owns 544,081 shares of the company’s stock valued at $166,066,000 after buying an additional 56,158 shares in the last quarter. Norinchukin Bank The boosted its stake in shares of GE Vernova by 15.2% in the first quarter. Norinchukin Bank The now owns 14,184 shares of the company’s stock valued at $4,330,000 after buying an additional 1,874 shares in the last quarter. CW Advisors LLC boosted its stake in shares of GE Vernova by 215.0% in the first quarter. CW Advisors LLC now owns 8,214 shares of the company’s stock valued at $2,602,000 after buying an additional 5,606 shares in the last quarter. Finally, Estate Counselors LLC purchased a new stake in shares of GE Vernova in the first quarter valued at approximately $3,862,000.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on GEV. Bank of America lifted their price target on GE Vernova from $550.00 to $620.00 and gave the company a “buy” rating in a research note on Thursday, July 17th. JPMorgan Chase & Co. lifted their price target on GE Vernova from $620.00 to $715.00 and gave the company an “overweight” rating in a research note on Thursday, July 24th. Wall Street Zen downgraded GE Vernova from a “buy” rating to a “hold” rating in a research report on Saturday, July 26th. Glj Research started coverage on GE Vernova in a research report on Monday, June 23rd. They set a “buy” rating on the stock. Finally, Wells Fargo & Company boosted their target price on GE Vernova from $474.00 to $697.00 and gave the stock an “overweight” rating in a research report on Thursday, July 24th. Four equities research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat, GE Vernova currently has a consensus rating of “Moderate Buy” and an average target price of $560.21.

GE Vernova Stock Up 0.2%

Shares of NYSE:GEV opened at $605.9280 on Friday. GE Vernova Inc. has a 52-week low of $173.07 and a 52-week high of $677.29. The stock’s fifty day simple moving average is $574.01 and its 200-day simple moving average is $439.65. The company has a market capitalization of $164.95 billion, a P/E ratio of 146.01, a P/E/G ratio of 4.18 and a beta of 1.90.

GE Vernova (NYSE:GEV) last issued its quarterly earnings data on Wednesday, July 23rd. The company reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.63 by $0.23. GE Vernova had a return on equity of 13.23% and a net margin of 3.16%.The business had revenue of $9.11 billion for the quarter, compared to the consensus estimate of $8.78 billion. During the same period in the prior year, the business earned $4.65 earnings per share. The business’s revenue was up 11.1% on a year-over-year basis. GE Vernova has set its FY 2025 guidance at EPS. On average, sell-side analysts anticipate that GE Vernova Inc. will post 6.59 earnings per share for the current year.

GE Vernova Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 18th. Investors of record on Monday, July 21st were given a dividend of $0.25 per share. The ex-dividend date was Monday, July 21st. This represents a $1.00 annualized dividend and a yield of 0.2%. GE Vernova’s dividend payout ratio is 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.