GE Vernova Inc. (NYSE:GEV) Shares Purchased by Haverford Trust Co

Haverford Trust Co boosted its stake in GE Vernova Inc. (NYSE:GEV) by 3.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,167 shares of the company’s stock after acquiring an additional 119 shares during the quarter. Haverford Trust Co’s holdings in GE Vernova were worth $1,042,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of GEV. Register Financial Advisors LLC purchased a new stake in GE Vernova during the 4th quarter worth $206,000. GPS Wealth Strategies Group LLC increased its position in shares of GE Vernova by 1,126.0% during the fourth quarter. GPS Wealth Strategies Group LLC now owns 895 shares of the company’s stock worth $294,000 after acquiring an additional 822 shares during the last quarter. Yarbrough Capital LLC lifted its stake in shares of GE Vernova by 67.2% in the fourth quarter. Yarbrough Capital LLC now owns 2,886 shares of the company’s stock worth $949,000 after acquiring an additional 1,160 shares in the last quarter. Legacy Bridge LLC boosted its holdings in GE Vernova by 77.0% in the fourth quarter. Legacy Bridge LLC now owns 10,982 shares of the company’s stock valued at $3,612,000 after purchasing an additional 4,776 shares during the last quarter. Finally, CENTRAL TRUST Co boosted its holdings in GE Vernova by 16.6% in the fourth quarter. CENTRAL TRUST Co now owns 9,872 shares of the company’s stock valued at $3,247,000 after purchasing an additional 1,408 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Marathon Capitl raised GE Vernova to a “strong-buy” rating in a research report on Friday, January 31st. William Blair reiterated an “outperform” rating on shares of GE Vernova in a research note on Thursday, January 23rd. BMO Capital Markets cut their price objective on GE Vernova from $471.00 to $420.00 and set an “outperform” rating on the stock in a research note on Monday, March 3rd. Wolfe Research started coverage on GE Vernova in a research report on Wednesday, December 4th. They issued an “outperform” rating and a $403.00 target price for the company. Finally, Evercore ISI boosted their price target on GE Vernova from $385.00 to $390.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. Seven investment analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and four have issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $348.72.

GE Vernova Price Performance

Shares of NYSE:GEV opened at $343.98 on Tuesday. The stock has a market cap of $94.91 billion and a price-to-earnings ratio of 61.87. GE Vernova Inc. has a 12 month low of $119.00 and a 12 month high of $447.50. The stock’s 50 day moving average price is $351.71 and its 200 day moving average price is $320.18.

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

GE Vernova announced that its Board of Directors has initiated a share repurchase program on Tuesday, December 10th that authorizes the company to buyback $6.00 billion in outstanding shares. This buyback authorization authorizes the company to repurchase up to 6.7% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

GE Vernova Company 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.