GE Vernova Inc. (NYSE:GEV) Shares Purchased by Advisor OS LLC

Advisor OS LLC boosted its stake in GE Vernova Inc. (NYSE:GEV) by 26.8% during the fourth quarter, Holdings Channel.com reports. The fund owned 1,362 shares of the company’s stock after purchasing an additional 288 shares during the quarter. Advisor OS LLC’s holdings in GE Vernova were worth $448,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Waverton Investment Management Ltd grew its stake in GE Vernova by 10.0% in the 3rd quarter. Waverton Investment Management Ltd now owns 727,704 shares of the company’s stock valued at $185,459,000 after acquiring an additional 66,455 shares during the period. Register Financial Advisors LLC acquired a new stake in GE Vernova in the 4th quarter valued at $206,000. Hanlon Investment Management Inc. acquired a new stake in GE Vernova in the 3rd quarter valued at $1,101,000. Atria Investments Inc grew its stake in GE Vernova by 127.0% in the 3rd quarter. Atria Investments Inc now owns 5,088 shares of the company’s stock valued at $1,297,000 after acquiring an additional 2,847 shares during the period. Finally, GPS Wealth Strategies Group LLC lifted its holdings in GE Vernova by 1,126.0% in the 4th quarter. GPS Wealth Strategies Group LLC now owns 895 shares of the company’s stock valued at $294,000 after purchasing an additional 822 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on GEV. Jefferies Financial Group raised their price objective on GE Vernova from $348.00 to $391.00 and gave the company a “buy” rating in a report on Friday, December 13th. Citigroup raised their price objective on GE Vernova from $361.00 to $437.00 and gave the company a “neutral” rating in a report on Thursday, January 23rd. Marathon Capitl upgraded GE Vernova to a “strong-buy” rating in a report on Friday, January 31st. Robert W. Baird began coverage on GE Vernova in a report on Thursday, February 13th. They issued an “outperform” rating and a $448.00 price objective on the stock. Finally, Morgan Stanley raised their price objective on GE Vernova from $301.00 to $367.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Eight research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and four have given a strong buy rating to the company. According to data from MarketBeat.com, GE Vernova has a consensus rating of “Moderate Buy” and an average target price of $350.13.

GE Vernova Price Performance

NYSE GEV opened at $335.15 on Thursday. The company has a market cap of $92.47 billion and a P/E ratio of 60.28. The stock has a 50-day moving average of $364.13 and a two-hundred day moving average of $303.37. GE Vernova Inc. has a 1-year low of $115.00 and a 1-year high of $447.50.

GE Vernova (NYSE:GEV) last released its earnings results on Wednesday, January 22nd. The company reported $1.73 earnings per share for the quarter, missing the consensus estimate of $2.30 by ($0.57). The firm had revenue of $10.56 billion during the quarter, compared to analyst estimates of $10.70 billion. GE Vernova had a net margin of 4.44% and a return on equity of 6.70%. The firm’s quarterly revenue was up 5.1% on a year-over-year basis. On average, analysts anticipate that GE Vernova Inc. will post 6.59 EPS for the current fiscal year.

GE Vernova declared that its Board of Directors has approved a share buyback program on Tuesday, December 10th that authorizes the company to buyback $6.00 billion in shares. This buyback authorization authorizes the company to purchase up to 6.7% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s board believes its stock is undervalued.

GE Vernova Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 28th. Stockholders of record on Friday, December 20th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.30%. The ex-dividend date of this dividend was Friday, December 20th. GE Vernova’s dividend payout ratio is presently 17.99%.

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.