GE Vernova Inc. (NYSE:GEV) Stake Trimmed by Kessler Investment Group LLC

Kessler Investment Group LLC decreased its position in shares of GE Vernova Inc. (NYSE:GEV - Free Report) by 5.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 27,888 shares of the company's stock after selling 1,533 shares during the quarter. GE Vernova makes up 4.4% of Kessler Investment Group LLC's holdings, making the stock its 4th largest holding. Kessler Investment Group LLC's holdings in GE Vernova were worth $9,173,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Creative Planning lifted its position in shares of GE Vernova by 11.4% in the 3rd quarter. Creative Planning now owns 52,641 shares of the company's stock worth $13,422,000 after purchasing an additional 5,382 shares during the period. Vontobel Holding Ltd. increased its holdings in shares of GE Vernova by 454.5% in the 3rd quarter. Vontobel Holding Ltd. now owns 13,558 shares of the company's stock valued at $3,457,000 after acquiring an additional 11,113 shares during the period. Hengehold Capital Management LLC purchased a new stake in shares of GE Vernova during the 3rd quarter worth $306,000. Good Life Advisors LLC boosted its position in GE Vernova by 73.9% during the third quarter. Good Life Advisors LLC now owns 3,114 shares of the company's stock valued at $794,000 after purchasing an additional 1,323 shares in the last quarter. Finally, Global Retirement Partners LLC raised its holdings in GE Vernova by 0.9% in the third quarter. Global Retirement Partners LLC now owns 4,507 shares of the company's stock worth $1,149,000 after purchasing an additional 40 shares in the last quarter.

GE Vernova Trading Up 1.4 %

GEV traded up $5.00 during trading on Tuesday, hitting $372.59. The company's stock had a trading volume of 2,405,847 shares, compared to its average volume of 3,694,381. The firm has a market capitalization of $102.70 billion and a price-to-earnings ratio of 67.01. The business's fifty day simple moving average is $362.38 and its 200 day simple moving average is $295.72. GE Vernova Inc. has a twelve month low of $115.00 and a twelve month high of $447.50.

GE Vernova (NYSE:GEV - Get Free Report) last released its quarterly earnings results 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 company had revenue of $10.56 billion during the quarter, compared to analyst estimates of $10.70 billion. GE Vernova had a net margin of 4.44% and a return on equity of 6.70%. GE Vernova's quarterly revenue was up 5.1% on a year-over-year basis. As a group, 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 of Directors has authorized a share buyback plan on Tuesday, December 10th that authorizes the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 6.7% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's management believes its stock is undervalued.

GE Vernova Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 28th. Stockholders of record on Friday, December 20th were paid a dividend of $0.25 per share. The ex-dividend date was Friday, December 20th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.27%. GE Vernova's dividend payout ratio is currently 17.99%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on GEV. TD Cowen initiated coverage on shares of GE Vernova in a report on Thursday, December 5th. They issued a "buy" rating and a $400.00 price target on the stock. Marathon Capitl upgraded GE Vernova to a "strong-buy" rating in a report on Friday, January 31st. Jefferies Financial Group boosted their target price on GE Vernova from $348.00 to $391.00 and gave the stock a "buy" rating in a research note on Friday, December 13th. BMO Capital Markets increased their price target on GE Vernova from $360.00 to $420.00 and gave the company an "outperform" rating in a research note on Tuesday, January 21st. Finally, Morgan Stanley boosted their price target on GE Vernova from $301.00 to $367.00 and gave the stock an "overweight" rating in a research note on Friday, November 15th. Eight research analysts have rated the stock with a hold rating, twenty have issued a buy rating and four have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $350.13.

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.