Disciplined Investors L.L.C. Acquires Shares of 1,768 GE Vernova Inc. (NYSE:GEV)

Disciplined Investors L.L.C. bought a new stake in GE Vernova Inc. (NYSE:GEV - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,768 shares of the company's stock, valued at approximately $582,000.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Howard Capital Management Group LLC bought a new position in shares of GE Vernova in the 3rd quarter valued at $213,000. Public Sector Pension Investment Board increased its holdings in GE Vernova by 15.2% in the 3rd quarter. Public Sector Pension Investment Board now owns 12,096 shares of the company's stock worth $3,084,000 after purchasing an additional 1,600 shares in the last quarter. Captrust Financial Advisors raised its position in GE Vernova by 4.9% in the third quarter. Captrust Financial Advisors now owns 17,131 shares of the company's stock valued at $4,368,000 after purchasing an additional 805 shares during the last quarter. Benjamin Edwards Inc. acquired a new stake in shares of GE Vernova during the third quarter valued at about $636,000. Finally, Janus Henderson Group PLC grew its holdings in shares of GE Vernova by 5.8% during the third quarter. Janus Henderson Group PLC now owns 32,881 shares of the company's stock worth $8,380,000 after purchasing an additional 1,800 shares during the last quarter.

GE Vernova Stock Down 8.8 %

NYSE:GEV traded down $26.26 on Friday, hitting $271.40. The stock had a trading volume of 8,093,637 shares, compared to its average volume of 3,545,680. GE Vernova Inc. has a 52 week low of $119.00 and a 52 week high of $447.50. The business's fifty day moving average is $337.02 and its 200 day moving average is $324.45. The company has a market cap of $74.19 billion and a PE ratio of 48.81.

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GE Vernova (NYSE:GEV - Get Free Report) last released its quarterly earnings data on Wednesday, January 22nd. The company reported $1.73 earnings per share for the quarter, missing the consensus estimate of $2.30 by ($0.57). The business had revenue of $10.56 billion for the quarter, compared to analyst estimates of $10.70 billion. GE Vernova had a return on equity of 6.70% and a net margin of 4.44%. The business's revenue for the quarter was up 5.1% compared to the same quarter last year. Equities analysts predict that GE Vernova Inc. will post 6.59 earnings per share for the current fiscal year.

GE Vernova declared that its board has initiated a share repurchase plan on Tuesday, December 10th that authorizes the company to buyback $6.00 billion in shares. This buyback authorization authorizes the company to buy up to 6.7% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's board believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Johnson Rice started coverage on shares of GE Vernova in a report on Friday, February 7th. They issued a "buy" rating and a $425.00 price objective for the company. New Street Research set a $380.00 price target on shares of GE Vernova in a report on Wednesday, March 5th. Baird R W raised shares of GE Vernova to a "strong-buy" rating in a research note on Thursday, February 13th. Guggenheim raised GE Vernova from a "neutral" rating to a "buy" rating and set a $380.00 target price for the company in a research report on Wednesday, March 5th. Finally, Royal Bank of Canada reduced their price target on GE Vernova from $453.00 to $445.00 and set an "outperform" rating on the stock in a research report on Tuesday, March 18th. Seven investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and four have given a strong buy rating to the stock. According to data from MarketBeat.com, GE Vernova has an average rating of "Moderate Buy" and a consensus target price of $349.20.

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.