Fidelis Capital Partners LLC grew its position in GE Vernova Inc. (NYSE:GEV - Free Report) by 89.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,718 shares of the company's stock after acquiring an additional 811 shares during the quarter. Fidelis Capital Partners LLC's holdings in GE Vernova were worth $621,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of the business. Cedar Mountain Advisors LLC increased its stake in GE Vernova by 102.6% in the 4th quarter. Cedar Mountain Advisors LLC now owns 77 shares of the company's stock valued at $25,000 after buying an additional 39 shares during the period. Pineridge Advisors LLC boosted its holdings 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 in the last quarter. Asset Planning Inc acquired a new position in shares of GE Vernova during the fourth quarter worth about $35,000. Riggs Asset Managment Co. Inc. raised its holdings 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 purchasing an additional 57 shares in the last quarter. Finally, Covestor Ltd lifted its position in GE Vernova by 61.3% in the third quarter. Covestor Ltd now owns 121 shares of the company's stock valued at $31,000 after purchasing an additional 46 shares during the period.
Several research analysts have issued reports on the company. CICC Research initiated coverage on GE Vernova in a research report on Wednesday, February 19th. They issued an "outperform" rating for the company. Marathon Capitl raised shares of GE Vernova to a "strong-buy" rating in a research note on Friday, January 31st. Wolfe Research began coverage on shares of GE Vernova in a research note on Wednesday, December 4th. They issued an "outperform" rating and a $403.00 price objective for the company. Robert W. Baird started coverage on shares of GE Vernova in a research report on Thursday, February 13th. They set an "outperform" rating and a $448.00 target price on the stock. Finally, Barclays dropped their target price on shares of GE Vernova from $487.00 to $427.00 and set an "overweight" rating for the company in a report on Monday. Eight equities research 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 company. According to MarketBeat, GE Vernova currently has a consensus rating of "Moderate Buy" and a consensus target price of $347.83.
Read Our Latest Stock Analysis on GEV
Shares of GEV stock traded down $3.42 during mid-day trading on Tuesday, reaching $312.56. 6,255,824 shares of the company were exchanged, compared to its average volume of 4,030,628. The company has a market capitalization of $86.24 billion and a P/E ratio of 56.22. The business's 50 day simple moving average is $363.25 and its 200 day simple moving average is $307.25. 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 announced its quarterly earnings data on Wednesday, January 22nd. The company reported $1.73 earnings per share for the quarter, missing the consensus estimate of $2.30 by ($0.57). The company had revenue of $10.56 billion for the quarter, compared to analyst estimates of $10.70 billion. GE Vernova had a return on equity of 6.70% and a net margin of 4.44%. GE Vernova's quarterly revenue was up 5.1% on a year-over-year basis. On average, analysts forecast that GE Vernova Inc. will post 6.59 EPS for the current year.
The company 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 annualized dividend and a yield of 0.32%. The ex-dividend date was Friday, December 20th. GE Vernova's dividend payout ratio is currently 17.99%.
GE Vernova declared that its board has approved a share repurchase program on Tuesday, December 10th that permits the company to buyback $6.00 billion in outstanding shares. This buyback authorization permits the company to buy up to 6.7% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's leadership believes its stock is undervalued.
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.
Before you consider GE Vernova, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and GE Vernova wasn't on the list.
While GE Vernova currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.