Personal CFO Solutions LLC Sells 127 Shares of GE Vernova Inc. (NYSE:GEV)

Personal CFO Solutions LLC cut its holdings in GE Vernova Inc. (NYSE:GEV) by 7.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,511 shares of the company’s stock after selling 127 shares during the period. Personal CFO Solutions LLC’s holdings in GE Vernova were worth $497,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Howard Capital Management Group LLC purchased a new stake in shares of GE Vernova during the third quarter worth $213,000. Leavell Investment Management Inc. grew its stake in shares of GE Vernova by 181.8% during the third quarter. Leavell Investment Management Inc. now owns 3,723 shares of the company’s stock valued at $949,000 after buying an additional 2,402 shares during the last quarter. CWA Asset Management Group LLC bought a new position in shares of GE Vernova during the third quarter valued at about $296,000. SpiderRock Advisors LLC grew its stake in shares of GE Vernova by 11.9% in the third quarter. SpiderRock Advisors LLC now owns 1,875 shares of the company’s stock worth $478,000 after purchasing an additional 199 shares during the last quarter. Finally, Assetmark Inc. grew its stake in shares of GE Vernova by 1,280.4% in the third quarter. Assetmark Inc. now owns 7,689 shares of the company’s stock worth $1,961,000 after purchasing an additional 7,132 shares during the last quarter.

GE Vernova Trading Down 1.5 %

Shares of NYSE:GEV opened at $288.90 on Monday. The company has a market capitalization of $79.71 billion and a price-to-earnings ratio of 51.96. The firm’s 50-day moving average is $360.05 and its 200 day moving average is $310.59. GE Vernova Inc. has a 12 month low of $115.00 and a 12 month high of $447.50.

GE Vernova (NYSE:GEV) last issued its earnings results on Wednesday, January 22nd. The company reported $1.73 EPS for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.57). The company had revenue of $10.56 billion for the quarter, compared to analysts’ expectations of $10.70 billion. GE Vernova had a return on equity of 6.70% and a net margin of 4.44%. The firm’s revenue was up 5.1% compared to the same quarter last year. As a group, equities analysts forecast that GE Vernova Inc. will post 6.59 EPS for the current fiscal year.

GE Vernova declared that its board has initiated a stock buyback program on Tuesday, December 10th that permits the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization permits the company to repurchase up to 6.7% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s management believes its shares are undervalued.

GE Vernova Announces Dividend

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 dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.35%. The ex-dividend date was Friday, December 20th. GE Vernova’s payout ratio is 17.99%.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Royal Bank of Canada reissued an “outperform” rating and issued a $453.00 target price on shares of GE Vernova in a research note on Tuesday, January 28th. Robert W. Baird started coverage on shares of GE Vernova in a report on Thursday, February 13th. They set an “outperform” rating and a $448.00 target price for the company. William Blair reiterated an “outperform” rating on shares of GE Vernova in a report on Thursday, January 23rd. CICC Research initiated coverage on shares of GE Vernova in a report on Wednesday, February 19th. They issued an “outperform” rating for the company. Finally, Barclays decreased their price objective on shares of GE Vernova from $487.00 to $427.00 and set an “overweight” rating for the company in a report on Monday, March 3rd. Seven investment analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and four have given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $347.83.

About GE Vernova

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.