13,206 Shares in GE Vernova Inc. (NYSE:GEV) Bought by Marietta Investment Partners LLC

Marietta Investment Partners LLC purchased a new position in shares of GE Vernova Inc. (NYSE:GEV - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 13,206 shares of the company's stock, valued at approximately $4,344,000.

Several other institutional investors and hedge funds have also recently modified their holdings of GEV. Howard Capital Management Group LLC acquired a new stake in shares of GE Vernova in the third quarter valued at $213,000. Empowered Funds LLC increased its stake in shares of GE Vernova by 6.0% during the third quarter. Empowered Funds LLC now owns 4,352 shares of the company's stock worth $1,110,000 after buying an additional 245 shares during the period. Thrivent Financial for Lutherans grew its stake in shares of GE Vernova by 24.0% during the third quarter. Thrivent Financial for Lutherans now owns 16,908 shares of the company's stock worth $4,311,000 after purchasing an additional 3,274 shares in the last quarter. Prospera Financial Services Inc boosted its position in shares of GE Vernova by 5.0% during the 3rd quarter. Prospera Financial Services Inc now owns 2,854 shares of the company's stock worth $729,000 after acquiring an additional 135 shares in the last quarter. Finally, Avior Wealth Management LLC increased its stake in GE Vernova by 3.8% in the third quarter. Avior Wealth Management LLC now owns 2,423 shares of the company's stock valued at $618,000 after purchasing an additional 89 shares during the last quarter.

Analysts Set New Price Targets

Several equities analysts have issued reports on GEV shares. The Goldman Sachs Group raised their price objective on GE Vernova from $446.00 to $500.00 and gave the stock a "buy" rating in a report on Friday, January 24th. Wolfe Research started coverage on GE Vernova in a research report on Wednesday, December 4th. They set an "outperform" rating and a $403.00 price target on the stock. BMO Capital Markets decreased their price objective on GE Vernova from $471.00 to $420.00 and set an "outperform" rating for the company in a report on Monday, March 3rd. Guggenheim upgraded shares of GE Vernova from a "neutral" rating to a "buy" rating and set a $380.00 price objective on the stock in a research note on Wednesday, March 5th. Finally, Royal Bank of Canada lowered their price target on GE Vernova from $453.00 to $445.00 and set an "outperform" rating on the stock 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 issued a strong buy rating to the company. According to data from MarketBeat, GE Vernova currently has a consensus rating of "Moderate Buy" and an average price target of $348.72.

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GE Vernova Trading Down 1.6 %

GEV traded down $5.50 during trading on Tuesday, hitting $338.07. 1,455,019 shares of the company's stock were exchanged, compared to its average volume of 4,113,921. The stock has a 50 day moving average price of $351.71 and a 200 day moving average price of $320.18. GE Vernova Inc. has a 1 year low of $115.00 and a 1 year high of $447.50. The firm has a market cap of $93.27 billion and a P/E ratio of 60.82.

GE Vernova (NYSE:GEV - Get Free Report) last released its quarterly earnings data on Wednesday, January 22nd. The company reported $1.73 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 company had revenue of $10.56 billion during the quarter, compared to analysts' expectations of $10.70 billion. GE Vernova's revenue was up 5.1% compared to the same quarter last year. 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 stock repurchase plan on Tuesday, December 10th that permits the company to repurchase $6.00 billion in shares. This repurchase authorization permits the company to repurchase up to 6.7% of its stock through open market purchases. Stock repurchase plans are typically a sign 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.