Oxford Financial Group LTD. LLC Buys 766 Shares of GE Vernova Inc. (NYSE:GEV)

Oxford Financial Group LTD. LLC lifted its holdings in shares of GE Vernova Inc. (NYSE:GEV - Free Report) by 30.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,279 shares of the company's stock after acquiring an additional 766 shares during the quarter. Oxford Financial Group LTD. LLC's holdings in GE Vernova were worth $1,079,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in GEV. Cedar Mountain Advisors LLC grew its position in shares of GE Vernova by 102.6% in the fourth quarter. Cedar Mountain Advisors LLC now owns 77 shares of the company's stock valued at $25,000 after purchasing an additional 39 shares during the last quarter. Fairway Wealth LLC lifted its holdings in shares of GE Vernova by 220.0% during the fourth quarter. Fairway Wealth LLC now owns 80 shares of the company's stock worth $26,000 after buying an additional 55 shares in the last quarter. Pineridge Advisors LLC boosted its position in shares of GE Vernova by 530.8% in the fourth quarter. Pineridge Advisors LLC now owns 82 shares of the company's stock valued at $27,000 after acquiring an additional 69 shares during the period. Asset Planning Inc acquired a new position in shares of GE Vernova in the fourth quarter valued at about $35,000. Finally, Riggs Asset Managment Co. Inc. increased its position in GE Vernova by 93.4% during the fourth quarter. Riggs Asset Managment Co. Inc. now owns 118 shares of the company's stock worth $39,000 after acquiring an additional 57 shares during the period.

Wall Street Analyst Weigh In

GEV has been the topic of several recent research reports. BMO Capital Markets lowered their target price on shares of GE Vernova from $471.00 to $420.00 and set an "outperform" rating on the stock in a report on Monday, March 3rd. Guggenheim raised GE Vernova from a "neutral" rating to a "buy" rating and set a $380.00 price objective for the company in a report on Wednesday, March 5th. Royal Bank of Canada reduced their target price on GE Vernova from $453.00 to $445.00 and set an "outperform" rating on the stock in a report on Tuesday, March 18th. Barclays dropped their price target on GE Vernova from $487.00 to $427.00 and set an "overweight" rating for the company in a research note on Monday, March 3rd. Finally, William Blair reiterated an "outperform" rating on shares of GE Vernova in a research note on Thursday, January 23rd. Seven analysts have rated the stock with a hold rating, twenty-two have given a buy rating and four have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $348.72.

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GE Vernova Stock Down 2.2 %

Shares of NYSE GEV traded down $7.64 during trading on Tuesday, reaching $335.93. The company had a trading volume of 2,630,630 shares, compared to its average volume of 3,518,216. The stock has a market cap of $92.68 billion and a P/E ratio of 60.42. The company's fifty day moving average price is $350.80 and its 200-day moving average price is $321.14. GE Vernova Inc. has a 12 month low of $119.00 and a 12 month high of $447.50.

GE Vernova (NYSE:GEV - Get Free Report) last posted its quarterly earnings data on Wednesday, January 22nd. The company reported $1.73 EPS for the quarter, missing analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $10.70 billion. The firm's quarterly revenue was up 5.1% on a year-over-year basis. As a group, equities analysts predict that GE Vernova Inc. will post 6.59 earnings per share for the current year.

GE Vernova announced that its Board of Directors has approved a stock repurchase plan on Tuesday, December 10th that allows the company to buyback $6.00 billion in outstanding shares. This buyback authorization allows the company to reacquire up to 6.7% of its stock through open market purchases. Stock buyback plans are often an indication that the company's board of directors believes its shares are undervalued.

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.