GE Vernova Inc. (NYSE:GEV) Stock Holdings Trimmed by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS reduced its position in GE Vernova Inc. (NYSE:GEV - Free Report) by 2.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 58,612 shares of the company's stock after selling 1,210 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS's holdings in GE Vernova were worth $19,279,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of GEV. Register Financial Advisors LLC acquired a new position in GE Vernova during the fourth quarter valued at approximately $206,000. GPS Wealth Strategies Group LLC raised its stake 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 valued at $294,000 after acquiring an additional 822 shares during the period. Yarbrough Capital LLC lifted its holdings in shares of GE Vernova by 67.2% during the 4th quarter. Yarbrough Capital LLC now owns 2,886 shares of the company's stock valued at $949,000 after acquiring an additional 1,160 shares in the last quarter. Legacy Bridge LLC boosted its position in GE Vernova by 77.0% during the 4th 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 period. Finally, CENTRAL TRUST Co increased its holdings in GE Vernova by 16.6% in the 4th 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 Ratings Changes

GEV has been the subject of several analyst reports. Royal Bank of Canada decreased their target price on GE Vernova from $453.00 to $445.00 and set an "outperform" rating for the company in a research report on Tuesday, March 18th. Johnson Rice assumed coverage on GE Vernova in a report on Friday, February 7th. They issued a "buy" rating and a $425.00 price target for the company. Evercore ISI boosted their target price on shares of GE Vernova from $385.00 to $390.00 and gave the stock an "outperform" rating in a research report on Wednesday, December 11th. Robert W. Baird began coverage on shares of GE Vernova in a research note on Thursday, February 13th. They issued an "outperform" rating and a $448.00 target price for the company. Finally, 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 note on Monday, March 3rd. Seven analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and four have given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $348.72.

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GE Vernova Price Performance

NYSE:GEV traded down $7.64 during midday trading on Tuesday, reaching $335.93. 2,630,630 shares of the company traded hands, compared to its average volume of 3,518,216. The firm has a market capitalization of $92.68 billion and a price-to-earnings ratio of 60.42. The company has a fifty day moving average price of $351.71 and a 200 day moving average price of $320.18. GE Vernova Inc. has a twelve month low of $119.00 and a twelve month high of $447.50.

GE Vernova (NYSE:GEV - Get Free Report) last announced its quarterly 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 firm had revenue of $10.56 billion for the quarter, compared to analyst estimates of $10.70 billion. GE Vernova's revenue for the quarter was up 5.1% compared to the same quarter last year. On average, equities research analysts forecast 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 repurchase program on Tuesday, December 10th that permits the company to repurchase $6.00 billion in shares. This repurchase authorization permits the company to reacquire up to 6.7% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's management believes its shares are undervalued.

GE Vernova Company 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.