GE Vernova Inc. (NYSE:GEV) Shares Bought by Blair William & Co. IL

Blair William & Co. IL increased its position in GE Vernova Inc. (NYSE:GEV) by 86.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 130,595 shares of the company’s stock after acquiring an additional 60,617 shares during the period. Blair William & Co. IL’s holdings in GE Vernova were worth $42,957,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Howard Capital Management Group LLC acquired a new stake in GE Vernova in the 3rd quarter valued at approximately $213,000. Centaurus Financial Inc. increased its holdings in shares of GE Vernova by 12.0% during the third quarter. Centaurus Financial Inc. now owns 823 shares of the company’s stock valued at $210,000 after purchasing an additional 88 shares during the period. Dynamic Technology Lab Private Ltd bought a new stake in shares of GE Vernova during the third quarter valued at about $545,000. D.A. Davidson & CO. lifted its holdings in GE Vernova by 1.5% in the third quarter. D.A. Davidson & CO. now owns 6,634 shares of the company’s stock worth $1,692,000 after purchasing an additional 95 shares during the period. Finally, Quantbot Technologies LP bought a new position in GE Vernova in the 3rd quarter valued at about $1,536,000.

Analyst Ratings Changes

A number of analysts have commented on GEV shares. Barclays dropped their price target on shares of GE Vernova from $487.00 to $427.00 and set an “overweight” rating on the stock in a research report on Monday, March 3rd. Citigroup upped their target price on GE Vernova from $361.00 to $437.00 and gave the stock a “neutral” rating in a research report on Thursday, January 23rd. TD Cowen began coverage on GE Vernova in a research report on Thursday, December 5th. They set a “buy” rating and a $400.00 price target on the stock. JPMorgan Chase & Co. upped their price objective on GE Vernova from $374.00 to $436.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Finally, Wolfe Research began coverage on GE Vernova in a report on Wednesday, December 4th. They set an “outperform” rating and a $403.00 target price on the stock. Seven analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and four have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, GE Vernova has an average rating of “Moderate Buy” and a consensus target price of $349.54.

GE Vernova Trading Down 4.6 %

NYSE GEV opened at $303.10 on Friday. The company has a market capitalization of $83.63 billion and a PE ratio of 54.51. GE Vernova Inc. has a 1-year low of $119.00 and a 1-year high of $447.50. The firm’s fifty day simple moving average is $347.66 and its 200-day simple moving average is $320.99.

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

GE Vernova announced that its board has approved a stock buyback 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 shares through open market purchases. Shares repurchase programs are typically a sign that the company’s leadership believes its stock is undervalued.

GE Vernova 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.