Settian Capital LP Invests $1.65 Million in GE Vernova Inc. (NYSE:GEV)

Settian Capital LP bought a new stake in shares of GE Vernova Inc. (NYSE:GEV - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 5,000 shares of the company's stock, valued at approximately $1,645,000. GE Vernova makes up approximately 1.2% of Settian Capital LP's portfolio, making the stock its 22nd largest position.

Several other institutional investors also recently bought and sold shares of GEV. Register Financial Advisors LLC purchased a new stake in shares of GE Vernova during the 4th quarter worth approximately $206,000. GPS Wealth Strategies Group LLC raised its stake in GE Vernova by 1,126.0% during the fourth quarter. GPS Wealth Strategies Group LLC now owns 895 shares of the company's stock valued at $294,000 after purchasing an additional 822 shares in the last quarter. Yarbrough Capital LLC lifted its position in GE Vernova by 67.2% during the fourth quarter. Yarbrough Capital LLC now owns 2,886 shares of the company's stock valued at $949,000 after purchasing an additional 1,160 shares during the last quarter. Legacy Bridge LLC grew its stake in shares of GE Vernova by 77.0% in the 4th quarter. Legacy Bridge LLC now owns 10,982 shares of the company's stock worth $3,612,000 after buying an additional 4,776 shares in the last quarter. Finally, CENTRAL TRUST Co increased its holdings in shares of GE Vernova by 16.6% in the 4th quarter. CENTRAL TRUST Co now owns 9,872 shares of the company's stock worth $3,247,000 after buying an additional 1,408 shares during the last quarter.

GE Vernova Stock Performance

GE Vernova stock traded up $10.11 during mid-day trading on Monday, reaching $343.98. 3,140,099 shares of the company were exchanged, compared to its average volume of 3,518,321. GE Vernova Inc. has a 12-month low of $119.00 and a 12-month high of $447.50. The business has a fifty day moving average of $351.71 and a 200 day moving average of $320.18. The firm has a market cap of $94.91 billion and a P/E ratio of 61.87.

Remove Ads

GE Vernova (NYSE:GEV - Get Free Report) last issued its quarterly earnings data 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). GE Vernova had a return on equity of 6.70% and a net margin of 4.44%. The company had revenue of $10.56 billion for the quarter, compared to analysts' expectations of $10.70 billion. The business's quarterly revenue was up 5.1% on a year-over-year basis. Sell-side analysts predict that GE Vernova Inc. will post 6.59 EPS for the current year.

GE Vernova declared that its Board of Directors has initiated a share repurchase program on Tuesday, December 10th that permits the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization permits the company to reacquire up to 6.7% of its shares through open market purchases. Shares repurchase programs are often an indication that the company's leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

GEV has been the subject of a number of analyst reports. 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 for the company. Wells Fargo & Company raised their price objective on GE Vernova from $385.00 to $411.00 and gave the company an "overweight" rating in a research note on Friday, December 13th. Guggenheim upgraded GE Vernova from a "neutral" rating to a "buy" rating and set a $380.00 target price for the company in a report on Wednesday, March 5th. Bank of America increased their price target on GE Vernova from $380.00 to $415.00 and gave the company a "buy" rating in a report on Tuesday, January 14th. Finally, Citigroup lifted their price objective on shares of GE Vernova from $361.00 to $437.00 and gave the stock a "neutral" rating in a research note on Thursday, January 23rd. Seven research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and four have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $348.72.

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.