WD Rutherford LLC Has $570,000 Holdings in GE Vernova Inc. (NYSE:GEV)

WD Rutherford LLC increased its stake in shares of GE Vernova Inc. (NYSE:GEV - Free Report) by 85.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 1,734 shares of the company's stock after acquiring an additional 799 shares during the period. WD Rutherford LLC's holdings in GE Vernova were worth $570,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in GEV. Creative Planning grew its holdings in GE Vernova by 11.4% in the 3rd quarter. Creative Planning now owns 52,641 shares of the company's stock valued at $13,422,000 after buying an additional 5,382 shares during the last quarter. Vontobel Holding Ltd. grew its holdings in GE Vernova by 454.5% in the 3rd quarter. Vontobel Holding Ltd. now owns 13,558 shares of the company's stock valued at $3,457,000 after buying an additional 11,113 shares during the last quarter. Good Life Advisors LLC grew its holdings in GE Vernova by 73.9% in the 3rd quarter. Good Life Advisors LLC now owns 3,114 shares of the company's stock valued at $794,000 after buying an additional 1,323 shares during the last quarter. Global Retirement Partners LLC grew its holdings in GE Vernova by 0.9% in the 3rd quarter. Global Retirement Partners LLC now owns 4,507 shares of the company's stock valued at $1,149,000 after buying an additional 40 shares during the last quarter. Finally, Bleakley Financial Group LLC grew its holdings in GE Vernova by 64.3% in the 3rd quarter. Bleakley Financial Group LLC now owns 7,683 shares of the company's stock valued at $1,959,000 after buying an additional 3,007 shares during the last quarter.

GE Vernova Price Performance

Shares of NYSE GEV traded up $1.62 during midday trading on Wednesday, hitting $374.87. The stock had a trading volume of 1,667,496 shares, compared to its average volume of 3,631,086. The company's 50-day simple moving average is $363.28 and its 200 day simple moving average is $297.19. The firm has a market cap of $103.43 billion and a P/E ratio of 67.42. GE Vernova Inc. has a fifty-two week low of $115.00 and a fifty-two week high of $447.50.

GE Vernova (NYSE:GEV - Get Free Report) last released its earnings results on Wednesday, January 22nd. The company reported $1.73 EPS for the quarter, missing the consensus estimate of $2.30 by ($0.57). The firm had revenue of $10.56 billion during the quarter, compared to analyst estimates of $10.70 billion. GE Vernova had a net margin of 4.44% and a return on equity of 6.70%. GE Vernova's quarterly revenue was up 5.1% on a year-over-year basis. Equities analysts expect that GE Vernova Inc. will post 6.59 EPS for the current fiscal year.

GE Vernova announced that its Board of Directors has approved a share repurchase program on Tuesday, December 10th that authorizes the company to buyback $6.00 billion in shares. This buyback authorization authorizes the company to repurchase up to 6.7% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's leadership believes its shares are undervalued.

GE Vernova Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 28th. Investors of record on Friday, December 20th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, December 20th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.27%. GE Vernova's dividend payout ratio (DPR) is presently 17.99%.

Analysts Set New Price Targets

A number of analysts have commented on GEV shares. CICC Research started coverage on GE Vernova in a research report on Wednesday. They issued an "outperform" rating for the company. Jefferies Financial Group raised their price objective on GE Vernova from $348.00 to $391.00 and gave the stock a "buy" rating in a research report on Friday, December 13th. Bank of America raised their price objective on GE Vernova from $380.00 to $415.00 and gave the stock a "buy" rating in a research report on Tuesday, January 14th. Evercore ISI raised their price objective on GE Vernova from $385.00 to $390.00 and gave the stock an "outperform" rating in a research report on Wednesday, December 11th. Finally, 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. Eight analysts have rated the stock with a hold rating, twenty-one have given a buy rating and four have assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $350.13.

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.