Rothschild Investment LLC Purchases 53 Shares of GE Vernova Inc. (NYSE:GEV)

Rothschild Investment LLC raised its holdings in shares of GE Vernova Inc. (NYSE:GEV) by 2.8% during the fourth quarter, Holdings Channel reports. The fund owned 1,932 shares of the company’s stock after buying an additional 53 shares during the period. Rothschild Investment LLC’s holdings in GE Vernova were worth $635,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in GEV. Howard Capital Management Group LLC bought a new position in shares of GE Vernova during the 3rd quarter valued at $213,000. GHP Investment Advisors Inc. boosted its position in GE Vernova by 19.3% during the third quarter. GHP Investment Advisors Inc. now owns 401 shares of the company’s stock valued at $102,000 after buying an additional 65 shares during the period. Modera Wealth Management LLC grew its stake in shares of GE Vernova by 7.1% during the third quarter. Modera Wealth Management LLC now owns 2,862 shares of the company’s stock valued at $730,000 after buying an additional 189 shares during the last quarter. DekaBank Deutsche Girozentrale grew its stake in shares of GE Vernova by 15.1% during the third quarter. DekaBank Deutsche Girozentrale now owns 151,508 shares of the company’s stock valued at $37,531,000 after buying an additional 19,840 shares during the last quarter. Finally, Frank Rimerman Advisors LLC increased its holdings in shares of GE Vernova by 4.0% in the third quarter. Frank Rimerman Advisors LLC now owns 4,062 shares of the company’s stock worth $1,036,000 after buying an additional 158 shares during the period.

GE Vernova Price Performance

GEV opened at $315.74 on Tuesday. The firm has a market cap of $87.11 billion and a PE ratio of 56.79. The stock has a 50-day moving average price of $363.97 and a 200-day moving average price of $302.17. GE Vernova Inc. has a 1 year low of $115.00 and a 1 year high of $447.50.

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

GE Vernova Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 28th. Stockholders of record on Friday, December 20th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.32%. The ex-dividend date was Friday, December 20th. GE Vernova’s payout ratio is currently 17.99%.

GE Vernova announced that its board has approved a stock repurchase program on Tuesday, December 10th that allows the company to repurchase $6.00 billion in shares. This repurchase authorization allows the company to purchase up to 6.7% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board believes its shares are undervalued.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on GEV shares. Jefferies Financial Group increased their target price on GE Vernova from $348.00 to $391.00 and gave the company a “buy” rating in a report on Friday, December 13th. Evercore ISI increased their price objective on GE Vernova from $385.00 to $390.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. Marathon Capitl raised shares of GE Vernova to a “strong-buy” rating in a research note on Friday, January 31st. Johnson Rice began coverage on shares of GE Vernova in a report on Friday, February 7th. They set a “buy” rating and a $425.00 price target for the company. Finally, Wolfe Research began coverage on shares of GE Vernova in a report on Wednesday, December 4th. They issued an “outperform” rating and a $403.00 price target on the stock. Eight research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and four have given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $350.13.

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.