PDS Planning Inc Has $514,000 Stock Holdings in GE Vernova Inc. (NYSE:GEV)

PDS Planning Inc lifted its holdings in GE Vernova Inc. (NYSE:GEV) by 3.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,564 shares of the company’s stock after buying an additional 58 shares during the period. PDS Planning Inc’s holdings in GE Vernova were worth $514,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Retirement Planning Co of New England Inc. acquired a new stake in shares of GE Vernova in the fourth quarter worth $230,000. Mystic Asset Management Inc. purchased a new stake in shares of GE Vernova during the fourth quarter worth $387,000. Dopkins Wealth Management LLC purchased a new stake in shares of GE Vernova during the fourth quarter worth $210,000. Axxcess Wealth Management LLC raised its holdings in shares of GE Vernova by 111.0% during the fourth quarter. Axxcess Wealth Management LLC now owns 4,036 shares of the company’s stock worth $1,328,000 after acquiring an additional 2,123 shares in the last quarter. Finally, Flagship Wealth Advisors LLC purchased a new stake in shares of GE Vernova during the fourth quarter worth $122,000.

GE Vernova Trading Down 4.0 %

NYSE GEV opened at $318.64 on Wednesday. The stock’s 50 day moving average is $354.04 and its two-hundred day moving average is $316.24. The company has a market capitalization of $87.91 billion and a price-to-earnings ratio of 57.31. GE Vernova Inc. has a 1-year low of $119.00 and a 1-year high of $447.50.

GE Vernova (NYSE:GEV) last released its quarterly earnings data on Wednesday, January 22nd. The company reported $1.73 earnings per share 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 analyst estimates of $10.70 billion. GE Vernova had a net margin of 4.44% and a return on equity of 6.70%. The firm’s revenue for the quarter was up 5.1% compared to the same quarter last year. On average, analysts predict that GE Vernova Inc. will post 6.59 earnings per share for the current year.

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

Analyst Ratings Changes

Several analysts recently issued reports on the company. Bank of America increased their price objective on GE Vernova from $380.00 to $415.00 and gave the stock a “buy” rating in a report on Tuesday, January 14th. Truist Financial increased their price objective on GE Vernova from $420.00 to $470.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. Jefferies Financial Group increased their price objective on GE Vernova from $348.00 to $391.00 and gave the stock a “buy” rating in a report on Friday, December 13th. The Goldman Sachs Group increased 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. Finally, Guggenheim upgraded GE Vernova from a “neutral” rating to a “buy” rating and set a $380.00 target price on the stock in a report on Wednesday, March 5th. Seven investment analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and four have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $348.72.

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.