Level Four Advisory Services LLC Boosts Holdings in GE Vernova Inc. (NYSE:GEV)

Level Four Advisory Services LLC grew its holdings in shares of GE Vernova Inc. (NYSE:GEV - Free Report) by 17.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,132 shares of the company's stock after buying an additional 928 shares during the period. Level Four Advisory Services LLC's holdings in GE Vernova were worth $2,017,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of GEV. Orion Portfolio Solutions LLC grew its holdings in GE Vernova by 14.1% during the fourth quarter. Orion Portfolio Solutions LLC now owns 9,752 shares of the company's stock worth $3,208,000 after buying an additional 1,203 shares in the last quarter. Pictet Asset Management Holding SA grew its stake in shares of GE Vernova by 9.2% in the 4th quarter. Pictet Asset Management Holding SA now owns 144,343 shares of the company's stock worth $47,479,000 after acquiring an additional 12,187 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its holdings in shares of GE Vernova by 87.8% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 149,167 shares of the company's stock valued at $49,066,000 after purchasing an additional 69,735 shares during the last quarter. New Age Alpha Advisors LLC lifted its position in shares of GE Vernova by 5,100.0% during the fourth quarter. New Age Alpha Advisors LLC now owns 10,000 shares of the company's stock valued at $3,289,000 after purchasing an additional 10,200 shares in the last quarter. Finally, Providence Capital Advisors LLC boosted its holdings in GE Vernova by 4.4% during the fourth quarter. Providence Capital Advisors LLC now owns 884 shares of the company's stock worth $291,000 after purchasing an additional 37 shares during the last quarter.

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GE Vernova Trading Up 1.0 %

Shares of GEV traded up $2.99 during trading hours on Monday, reaching $305.92. 4,676,277 shares of the company's stock traded hands, compared to its average volume of 3,596,119. GE Vernova Inc. has a 12 month low of $119.00 and a 12 month high of $447.50. The stock has a market cap of $84.40 billion and a PE ratio of 55.02. The firm's 50 day simple moving average is $345.68 and its 200-day simple moving average is $323.33.

GE Vernova (NYSE:GEV - Get Free Report) last announced its 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). The company had revenue of $10.56 billion for the quarter, compared to the consensus estimate of $10.70 billion. GE Vernova had a net margin of 4.44% and a return on equity of 6.70%. The company's revenue was up 5.1% compared to the same quarter last year. As a group, analysts expect that GE Vernova Inc. will post 6.59 earnings per share for the current fiscal year.

GE Vernova announced that its board has authorized a share buyback plan on Tuesday, December 10th that permits the company to buyback $6.00 billion in outstanding shares. This buyback authorization permits the company to reacquire up to 6.7% of its stock through open market purchases. Stock buyback plans are typically a sign that the company's leadership believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several research firms have commented on GEV. Evercore ISI lifted 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. Johnson Rice initiated coverage on GE Vernova in a research report on Friday, February 7th. They issued a "buy" rating and a $425.00 price objective on the stock. Robert W. Baird assumed coverage on GE Vernova in a research report on Thursday, February 13th. They set an "outperform" rating and a $448.00 target price for the company. Truist Financial boosted their price target on shares of GE Vernova from $420.00 to $470.00 and gave the stock a "buy" rating in a report on Thursday, January 23rd. Finally, Royal Bank of Canada decreased their price objective on shares of GE Vernova from $453.00 to $445.00 and set an "outperform" rating for the company in a report on Tuesday, March 18th. Seven equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and four have given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $349.54.

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.