Schroder Investment Management Group Has $482.15 Million Stake in GE Vernova Inc. (NYSE:GEV)

Schroder Investment Management Group lifted its holdings in shares of GE Vernova Inc. (NYSE:GEV - Free Report) by 5.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,465,804 shares of the company's stock after purchasing an additional 78,650 shares during the quarter. Schroder Investment Management Group owned about 0.53% of GE Vernova worth $482,147,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Register Financial Advisors LLC purchased a new position in GE Vernova in the fourth quarter valued at approximately $206,000. GPS Wealth Strategies Group LLC lifted its holdings in shares of GE Vernova by 1,126.0% during the 4th quarter. GPS Wealth Strategies Group LLC now owns 895 shares of the company's stock valued at $294,000 after acquiring an additional 822 shares in the last quarter. Yarbrough Capital LLC boosted its position in GE Vernova by 67.2% during the 4th quarter. Yarbrough Capital LLC now owns 2,886 shares of the company's stock worth $949,000 after purchasing an additional 1,160 shares during the period. Legacy Bridge LLC increased its holdings in GE Vernova by 77.0% in the 4th quarter. Legacy Bridge LLC now owns 10,982 shares of the company's stock valued at $3,612,000 after purchasing an additional 4,776 shares in the last quarter. Finally, CENTRAL TRUST Co raised its position in GE Vernova by 16.6% in the fourth quarter. CENTRAL TRUST Co now owns 9,872 shares of the company's stock valued at $3,247,000 after purchasing an additional 1,408 shares during the period.

GE Vernova Stock Up 1.0 %

GEV traded up $2.99 during trading on Monday, reaching $305.92. The stock had a trading volume of 4,676,277 shares, compared to its average volume of 3,596,119. The stock has a 50 day moving average of $345.68 and a two-hundred day moving average of $323.33. The firm has a market capitalization of $84.40 billion and a price-to-earnings ratio of 55.02. GE Vernova Inc. has a 1-year low of $119.00 and a 1-year high of $447.50.

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GE Vernova (NYSE:GEV - Get Free Report) last released its 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). GE Vernova had a return on equity of 6.70% and a net margin of 4.44%. The firm had revenue of $10.56 billion for the quarter, compared to analyst estimates of $10.70 billion. The firm's quarterly revenue was up 5.1% compared to the same quarter last year. On average, research analysts forecast that GE Vernova Inc. will post 6.59 EPS for the current fiscal year.

GE Vernova announced that its Board of Directors has initiated a stock repurchase program on Tuesday, December 10th that allows the company to repurchase $6.00 billion in shares. This repurchase authorization allows the company to purchase up to 6.7% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's management believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Marathon Capitl upgraded GE Vernova to a "strong-buy" rating in a research note on Friday, January 31st. CICC Research initiated coverage on shares of GE Vernova in a research note on Wednesday, February 19th. They set an "outperform" rating on the stock. Johnson Rice assumed coverage on shares of GE Vernova in a research note on Friday, February 7th. They issued a "buy" rating and a $425.00 target price for the company. Wells Fargo & Company lifted their price target on shares of GE Vernova from $385.00 to $411.00 and gave the stock an "overweight" rating in a research note on Friday, December 13th. Finally, BMO Capital Markets cut their price objective 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. Seven equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and four have assigned a strong buy rating to the company's stock. According to data from 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.