8,302 Shares in GE Vernova Inc. $GEV Acquired by BlueCrest Capital Management Ltd

BlueCrest Capital Management Ltd bought a new position in shares of GE Vernova Inc. (NYSE:GEV) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund bought 8,302 shares of the company’s stock, valued at approximately $5,105,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Brighton Jones LLC raised its stake 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 valued at $1,091,000 after acquiring an additional 753 shares during the last quarter. Schnieders Capital Management LLC. grew its stake in shares of GE Vernova by 1.7% in the second quarter. Schnieders Capital Management LLC. now owns 1,564 shares of the company’s stock worth $828,000 after purchasing an additional 26 shares during the last quarter. Foundations Investment Advisors LLC grew its stake in shares of GE Vernova by 9.1% in the second quarter. Foundations Investment Advisors LLC now owns 2,620 shares of the company’s stock worth $1,387,000 after purchasing an additional 218 shares during the last quarter. Empower Advisory Group LLC acquired a new stake in GE Vernova in the second quarter valued at $286,000. Finally, Avantax Advisory Services Inc. increased its holdings in GE Vernova by 11.6% in the second quarter. Avantax Advisory Services Inc. now owns 9,155 shares of the company’s stock valued at $4,844,000 after purchasing an additional 953 shares during the period.

Analyst Upgrades and Downgrades

Several brokerages have commented on GEV. Erste Group Bank started coverage on GE Vernova in a report on Thursday, March 5th. They set a “buy” rating on the stock. BMO Capital Markets reissued an “outperform” rating and issued a $785.00 price target on shares of GE Vernova in a research note on Thursday, January 29th. UBS Group restated a “buy” rating on shares of GE Vernova in a research report on Thursday, January 29th. Evercore lifted their price objective on GE Vernova from $860.00 to $905.00 and gave the stock an “outperform” rating in a research note on Thursday, January 29th. Finally, TD Cowen upped their target price on GE Vernova from $680.00 to $780.00 and gave the company a “buy” rating in a report on Thursday, January 29th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $831.29.

GE Vernova Trading Up 1.9%

GEV stock opened at $843.39 on Wednesday. The stock has a 50-day moving average price of $765.97 and a 200-day moving average price of $667.09. GE Vernova Inc. has a 1-year low of $252.25 and a 1-year high of $894.93. The firm has a market cap of $227.32 billion, a PE ratio of 47.38, a price-to-earnings-growth ratio of 3.29 and a beta of 1.44.

GE Vernova (NYSE:GEV) last announced its earnings results on Wednesday, January 28th. The company reported $13.39 EPS for the quarter, beating the consensus estimate of $2.99 by $10.40. GE Vernova had a return on equity of 46.91% and a net margin of 12.83%.The company had revenue of $10.96 billion for the quarter, compared to analyst estimates of $10.21 billion. During the same quarter in the prior year, the company earned $1.73 EPS. The firm’s revenue for the quarter was up 3.8% compared to the same quarter last year. On average, analysts forecast that GE Vernova Inc. will post 6.59 earnings per share for the current year.

GE Vernova Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 14th. Shareholders of record on Tuesday, March 17th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, March 17th. This represents a $2.00 annualized dividend and a yield of 0.2%. GE Vernova’s payout ratio is 11.24%.

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.