GE Vernova Inc. (NYSE:GEV) Shares Purchased by Mizuho Securities USA LLC

Mizuho Securities USA LLC lifted its position in GE Vernova Inc. (NYSE:GEV) by 46.6% during the 4th quarter, Holdings Channel.com reports. The fund owned 26,126 shares of the company’s stock after acquiring an additional 8,307 shares during the period. Mizuho Securities USA LLC’s holdings in GE Vernova were worth $8,594,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Cedar Mountain Advisors LLC increased its position in shares of 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 acquiring an additional 39 shares during the period. MRP Capital Investments LLC purchased a new stake in GE Vernova in the fourth quarter valued at $25,000. Fairway Wealth LLC boosted its holdings in GE Vernova by 220.0% in the fourth quarter. Fairway Wealth LLC now owns 80 shares of the company’s stock valued at $26,000 after purchasing an additional 55 shares during the last quarter. Pineridge Advisors LLC boosted its holdings in 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 purchasing an additional 69 shares during the last quarter. Finally, Darwin Wealth Management LLC purchased a new stake in GE Vernova in the third quarter valued at $31,000.

Wall Street Analyst Weigh In

GEV has been the topic of several recent research reports. Bank of America upped their price target on shares of GE Vernova from $380.00 to $415.00 and gave the company a “buy” rating in a report on Tuesday, January 14th. Evercore ISI upped their price target on shares of GE Vernova from $385.00 to $390.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. New Street Research set a $380.00 price target on shares of GE Vernova in a report on Wednesday, March 5th. Wells Fargo & Company upped their price target on shares of GE Vernova from $385.00 to $411.00 and gave the company an “overweight” rating in a report on Friday, December 13th. Finally, Guggenheim raised shares of GE Vernova from a “neutral” rating to a “buy” rating and set a $380.00 price target 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 stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $348.72.

GE Vernova Trading Down 0.8 %

GEV stock opened at $334.21 on Friday. The company has a market cap of $92.21 billion and a price-to-earnings ratio of 60.11. GE Vernova Inc. has a 12 month low of $119.00 and a 12 month high of $447.50. The firm has a 50-day moving average of $352.15 and a two-hundred day moving average of $317.44.

GE Vernova (NYSE:GEV) last released its quarterly earnings data on Wednesday, January 22nd. The company reported $1.73 EPS for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.57). The business 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%. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. As a group, equities analysts forecast that GE Vernova Inc. will post 6.59 earnings per share for the current year.

GE Vernova announced that its board has approved a share buyback plan on Tuesday, December 10th that allows the company to repurchase $6.00 billion in shares. This repurchase authorization allows the company to buy up to 6.7% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management believes its shares are undervalued.

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.