AXQ Capital LP bought a new position in GE Vernova Inc. (NYSE:GEV - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 755 shares of the company's stock, valued at approximately $248,000.
Other institutional investors have also recently modified their holdings of the company. Register Financial Advisors LLC purchased a new stake in shares of GE Vernova during the fourth quarter valued at approximately $206,000. GPS Wealth Strategies Group LLC increased its holdings in shares of GE Vernova by 1,126.0% in the 4th quarter. GPS Wealth Strategies Group LLC now owns 895 shares of the company's stock worth $294,000 after purchasing an additional 822 shares in the last quarter. Yarbrough Capital LLC increased its holdings in shares of GE Vernova by 67.2% in the 4th quarter. Yarbrough Capital LLC now owns 2,886 shares of the company's stock worth $949,000 after purchasing an additional 1,160 shares in the last quarter. Legacy Bridge LLC raised its stake in shares of GE Vernova by 77.0% in the fourth quarter. Legacy Bridge LLC now owns 10,982 shares of the company's stock worth $3,612,000 after purchasing an additional 4,776 shares during the last quarter. Finally, CENTRAL TRUST Co lifted its holdings in shares of GE Vernova by 16.6% during the fourth quarter. CENTRAL TRUST Co now owns 9,872 shares of the company's stock valued at $3,247,000 after purchasing an additional 1,408 shares in the last quarter.
Analyst Upgrades and Downgrades
Several equities research analysts recently commented on GEV shares. Citigroup lifted their price objective on GE Vernova from $361.00 to $437.00 and gave the stock a "neutral" rating in a report on Thursday, January 23rd. Bank of America boosted their price objective on shares of GE Vernova from $380.00 to $415.00 and gave the company a "buy" rating in a report on Tuesday, January 14th. New Street Research set a $380.00 target price on shares of GE Vernova in a report on Wednesday, March 5th. Wolfe Research started coverage on shares of GE Vernova in a research note on Wednesday, December 4th. They set an "outperform" rating and a $403.00 target price for the company. Finally, JPMorgan Chase & Co. raised their price target on GE Vernova from $374.00 to $436.00 and gave the stock an "overweight" rating in a research note on Thursday, January 23rd. Seven equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and four have issued a strong buy rating to the company's stock. According to MarketBeat.com, GE Vernova has a consensus rating of "Moderate Buy" and an average target price of $348.72.
Get Our Latest Stock Report on GEV
GE Vernova Price Performance
Shares of GE Vernova stock traded down $8.52 during trading on Tuesday, reaching $335.05. 1,976,639 shares of the stock traded hands, compared to its average volume of 3,518,216. GE Vernova Inc. has a 52-week low of $119.00 and a 52-week high of $447.50. The business has a fifty day simple moving average of $351.71 and a two-hundred day simple moving average of $320.18. The company has a market capitalization of $92.44 billion and a price-to-earnings ratio of 60.26.
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 (EPS) for the quarter, missing analysts' consensus estimates of $2.30 by ($0.57). The firm had revenue of $10.56 billion during the quarter, compared to the consensus estimate 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 for the quarter was up 5.1% on a year-over-year basis. On average, research 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 approved a stock buyback plan on Tuesday, December 10th that allows the company to buyback $6.00 billion in shares. This buyback authorization allows the company to reacquire up to 6.7% of its stock through open market purchases. Stock buyback plans are usually a sign that the company's leadership believes its shares are undervalued.
GE Vernova Profile
(
Free Report)
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.
Featured Articles
Before you consider GE Vernova, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and GE Vernova wasn't on the list.
While GE Vernova currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
