BlueCrest Capital Management Ltd Buys New Shares in GE Vernova Inc. $GEV

BlueCrest Capital Management Ltd bought a new position in shares of GE Vernova Inc. (NYSE:GEV) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 8,302 shares of the company’s stock, valued at approximately $5,105,000.

A number of other large investors have also bought and sold shares of GEV. CIBC Private Wealth Group LLC increased its stake in GE Vernova by 100.0% in the third quarter. CIBC Private Wealth Group LLC now owns 357,214 shares of the company’s stock valued at $219,651,000 after purchasing an additional 178,620 shares in the last quarter. Capital Square LLC boosted its position in shares of GE Vernova by 2.3% during the 3rd quarter. Capital Square LLC now owns 1,866 shares of the company’s stock worth $1,147,000 after purchasing an additional 42 shares in the last quarter. CIBC Bancorp USA Inc. bought a new position in shares of GE Vernova during the 3rd quarter worth about $23,110,000. Tcfg Wealth Management LLC grew its stake in shares of GE Vernova by 9.2% in the 3rd quarter. Tcfg Wealth Management LLC now owns 886 shares of the company’s stock valued at $545,000 after buying an additional 75 shares during the period. Finally, Maple Capital Management Inc. acquired a new stake in shares of GE Vernova in the 3rd quarter valued at about $220,000.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on GEV shares. Robert W. Baird set a $923.00 target price on GE Vernova and gave the company an “outperform” rating in a research report on Wednesday, February 4th. Morgan Stanley reiterated an “overweight” rating and issued a $817.00 price target on shares of GE Vernova in a report on Monday, January 26th. Wall Street Zen raised GE Vernova from a “hold” rating to a “buy” rating in a research note on Saturday, January 31st. Royal Bank Of Canada boosted their price objective on GE Vernova from $761.00 to $800.00 and gave the company an “outperform” rating in a report on Friday, January 30th. Finally, Bank of America upped their target price on GE Vernova from $725.00 to $804.00 and gave the stock a “buy” rating in a research report on Wednesday, December 10th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, GE Vernova currently has an average rating of “Moderate Buy” and a consensus price target of $831.29.

GE Vernova Price Performance

GEV opened at $843.39 on Wednesday. GE Vernova Inc. has a fifty-two week low of $252.25 and a fifty-two week high of $894.93. The firm has a market capitalization of $227.32 billion, a PE ratio of 47.38, a P/E/G ratio of 3.29 and a beta of 1.44. The company’s 50-day moving average is $765.97 and its 200 day moving average is $667.09.

GE Vernova (NYSE:GEV) last released its quarterly earnings results on Wednesday, January 28th. The company reported $13.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.99 by $10.40. The business had revenue of $10.96 billion during the quarter, compared to the consensus estimate of $10.21 billion. GE Vernova had a return on equity of 46.91% and a net margin of 12.83%.The company’s quarterly revenue was up 3.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.73 EPS. As a group, analysts expect that GE Vernova Inc. will post 6.59 EPS for the current year.

GE Vernova Announces Dividend

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 given a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, March 17th. This represents a $2.00 annualized dividend and a dividend yield of 0.2%. GE Vernova’s payout ratio is presently 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.