PKS Advisory Services LLC Takes Position in GE Vernova Inc. (NYSE:GEV)

PKS Advisory Services LLC bought a new position in GE Vernova Inc. (NYSE:GEV) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 850 shares of the company’s stock, valued at approximately $280,000.

Other large investors have also added to or reduced their stakes in the company. Howard Capital Management Group LLC purchased a new stake in shares of GE Vernova in the third quarter worth approximately $213,000. Cerity Partners LLC grew its holdings in GE Vernova by 28.8% during the third quarter. Cerity Partners LLC now owns 53,533 shares of the company’s stock worth $13,650,000 after buying an additional 11,978 shares in the last quarter. Kingsview Wealth Management LLC raised its position in GE Vernova by 1.6% in the 3rd quarter. Kingsview Wealth Management LLC now owns 6,723 shares of the company’s stock valued at $1,714,000 after buying an additional 107 shares during the last quarter. Centaurus Financial Inc. lifted its stake in GE Vernova by 12.0% during the 3rd quarter. Centaurus Financial Inc. now owns 823 shares of the company’s stock valued at $210,000 after acquiring an additional 88 shares in the last quarter. Finally, Summit Trail Advisors LLC boosted its holdings in GE Vernova by 14.0% during the 3rd quarter. Summit Trail Advisors LLC now owns 3,739 shares of the company’s stock worth $953,000 after acquiring an additional 459 shares during the last quarter.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on GEV shares. The Goldman Sachs Group boosted their price target on shares of GE Vernova from $446.00 to $500.00 and gave the stock a “buy” rating in a report on Friday, January 24th. Baird R W raised GE Vernova to a “strong-buy” rating in a research report on Thursday, February 13th. Citigroup raised their target price on GE Vernova from $361.00 to $437.00 and gave the company a “neutral” rating in a research report on Thursday, January 23rd. TD Cowen began coverage on shares of GE Vernova in a report on Thursday, December 5th. They issued a “buy” rating and a $400.00 price target on the stock. Finally, Bank of America raised their price objective on shares of GE Vernova from $380.00 to $415.00 and gave the stock a “buy” rating in a report on Tuesday, January 14th. Seven 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. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $348.72.

GE Vernova Stock Down 2.2 %

GE Vernova stock opened at $335.93 on Wednesday. The stock has a market cap of $92.68 billion and a price-to-earnings ratio of 60.42. The business has a 50-day simple moving average of $350.80 and a 200 day simple moving average of $321.14. GE Vernova Inc. has a 52 week low of $119.00 and a 52 week high of $447.50.

GE Vernova (NYSE:GEV) last announced 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 net margin of 4.44% and a return on equity of 6.70%. The company had revenue of $10.56 billion for 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. On average, research analysts anticipate that GE Vernova Inc. will post 6.59 earnings per share for the current year.

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

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.