J.W. Cole Advisors Inc. Purchases 1,244 Shares of GE Vernova Inc. (NYSE:GEV)

J.W. Cole Advisors Inc. grew its stake in shares of GE Vernova Inc. (NYSE:GEV - Free Report) by 36.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,667 shares of the company's stock after purchasing an additional 1,244 shares during the quarter. J.W. Cole Advisors Inc.'s holdings in GE Vernova were worth $1,535,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in GEV. Mountaineer Partners Management LLC bought a new position in shares of GE Vernova during the third quarter valued at approximately $2,507,296,000. International Assets Investment Management LLC boosted its position in shares of GE Vernova by 35,238.2% during the third quarter. International Assets Investment Management LLC now owns 1,435,792 shares of the company's stock worth $366,098,000 after buying an additional 1,431,729 shares during the period. WCM Investment Management LLC boosted its position in shares of GE Vernova by 83.1% during the third quarter. WCM Investment Management LLC now owns 2,560,248 shares of the company's stock worth $639,704,000 after buying an additional 1,161,901 shares during the period. FMR LLC boosted its position in shares of GE Vernova by 2.5% during the third quarter. FMR LLC now owns 24,047,678 shares of the company's stock worth $6,131,677,000 after buying an additional 584,208 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of GE Vernova by 34.1% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,812,192 shares of the company's stock worth $462,073,000 after buying an additional 460,834 shares during the period.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Guggenheim downgraded GE Vernova from a "buy" rating to a "neutral" rating and set a $380.00 price objective for the company. in a research report on Friday, January 24th. The Goldman Sachs Group upped their target price on GE Vernova from $446.00 to $500.00 and gave the stock a "buy" rating in a research report on Friday, January 24th. William Blair restated an "outperform" rating on shares of GE Vernova in a research report on Thursday, January 23rd. Marathon Capitl upgraded GE Vernova to a "strong-buy" rating in a research report on Friday, January 31st. Finally, CICC Research started coverage on GE Vernova in a research report on Wednesday. They issued an "outperform" rating for the company. Eight equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and four have given a strong buy rating to the company's stock. According to MarketBeat.com, GE Vernova has a consensus rating of "Moderate Buy" and a consensus target price of $350.13.

GE Vernova Trading Down 8.9 %

NYSE:GEV traded down $32.00 during trading hours on Friday, hitting $327.68. 6,959,273 shares of the stock traded hands, compared to its average volume of 3,723,897. The firm has a 50 day moving average price of $364.41 and a 200 day moving average price of $299.31. GE Vernova Inc. has a fifty-two week low of $115.00 and a fifty-two week high of $447.50. The firm has a market cap of $90.41 billion and a price-to-earnings ratio of 58.93.

GE Vernova (NYSE:GEV - Get Free Report) last issued 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 business 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 company's revenue was up 5.1% compared to the same quarter last year. Research analysts predict that GE Vernova Inc. will post 6.59 EPS for the current year.

GE Vernova Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 28th. Investors of record on Friday, December 20th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.31%. The ex-dividend date was Friday, December 20th. GE Vernova's dividend payout ratio is presently 17.99%.

GE Vernova announced that its Board of Directors has initiated a share buyback program on Tuesday, December 10th that allows the company to repurchase $6.00 billion in shares. This repurchase authorization allows the company to repurchase up to 6.7% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's management believes its stock is 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.