GE Vernova Inc. (NYSE:GEV) Shares Bought by Quent Capital LLC

Quent Capital LLC raised its holdings in GE Vernova Inc. (NYSE:GEV) by 5.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 748 shares of the company’s stock after acquiring an additional 39 shares during the period. Quent Capital LLC’s holdings in GE Vernova were worth $246,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of GEV. Exchange Traded Concepts LLC grew its stake in shares of GE Vernova by 628.5% during the 3rd quarter. Exchange Traded Concepts LLC now owns 3,803 shares of the company’s stock valued at $970,000 after buying an additional 3,281 shares during the period. Wesbanco Bank Inc. boosted its position in GE Vernova by 5.8% during the 3rd quarter. Wesbanco Bank Inc. now owns 14,736 shares of the company’s stock worth $3,757,000 after purchasing an additional 802 shares during the period. Creative Planning boosted its position in GE Vernova by 11.4% during the 3rd quarter. Creative Planning now owns 52,641 shares of the company’s stock worth $13,422,000 after purchasing an additional 5,382 shares during the period. Magnus Financial Group LLC purchased a new stake in GE Vernova during the 3rd quarter worth $203,000. Finally, Petredis Investment Advisors LLC boosted its position in GE Vernova by 0.4% in the 3rd quarter. Petredis Investment Advisors LLC now owns 13,412 shares of the company’s stock valued at $3,420,000 after buying an additional 53 shares during the last quarter.

Analysts Set New Price Targets

A number of equities analysts have weighed in on GEV shares. Jefferies Financial Group upped their price objective on shares of GE Vernova from $348.00 to $391.00 and gave the company a “buy” rating in a research report on Friday, December 13th. Johnson Rice initiated coverage on shares of GE Vernova in a research report on Friday, February 7th. They issued a “buy” rating and a $425.00 price objective for the company. Citigroup upped their target price on shares of GE Vernova from $361.00 to $437.00 and gave the company a “neutral” rating in a research note on Thursday, January 23rd. Evercore ISI upped their target price on shares of GE Vernova from $385.00 to $390.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. Finally, Morgan Stanley upped their target price on shares of GE Vernova from $301.00 to $367.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. Eight investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, GE Vernova currently has an average rating of “Moderate Buy” and a consensus target price of $346.22.

GE Vernova Trading Down 0.8 %

Shares of NYSE:GEV opened at $369.76 on Thursday. The firm’s 50 day moving average is $360.36 and its two-hundred day moving average is $290.17. GE Vernova Inc. has a 52 week low of $115.00 and a 52 week high of $447.50. The firm has a market capitalization of $101.92 billion and a P/E ratio of 66.50.

GE Vernova (NYSE:GEV) last posted its quarterly earnings data 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). The company had revenue of $10.56 billion during the quarter, compared to the consensus estimate of $10.70 billion. GE Vernova had a net margin of 4.44% and a return on equity of 6.70%. The company’s revenue was up 5.1% compared to the same quarter last year. Analysts predict that GE Vernova Inc. will post 6.59 EPS for the current year.

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 issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.27%. The ex-dividend date of this dividend was Friday, December 20th. GE Vernova’s dividend payout ratio (DPR) is presently 17.99%.

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