GE Vernova Inc. (NYSE:GEV) Shares Sold by Ausdal Financial Partners Inc.

Ausdal Financial Partners Inc. reduced its position in GE Vernova Inc. (NYSE:GEV) by 7.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,374 shares of the company’s stock after selling 110 shares during the quarter. Ausdal Financial Partners Inc.’s holdings in GE Vernova were worth $452,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Mountaineer Partners Management LLC acquired a new stake in GE Vernova during the 3rd quarter worth approximately $2,507,296,000. Raymond James Financial Inc. acquired a new position in GE Vernova during the fourth quarter valued at approximately $219,187,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in GE Vernova by 34.1% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,812,192 shares of the company’s stock worth $462,073,000 after buying an additional 460,834 shares during the period. Assenagon Asset Management S.A. increased its position in shares of GE Vernova by 284.3% in the fourth quarter. Assenagon Asset Management S.A. now owns 617,559 shares of the company’s stock worth $203,134,000 after acquiring an additional 456,879 shares in the last quarter. Finally, Castle Hook Partners LP raised its stake in shares of GE Vernova by 39.3% in the 3rd quarter. Castle Hook Partners LP now owns 1,050,806 shares of the company’s stock valued at $267,935,000 after acquiring an additional 296,464 shares during the period.

Analysts Set New Price Targets

GEV has been the subject of a number of research reports. Wolfe Research assumed coverage on shares of GE Vernova in a research report on Wednesday, December 4th. They set an “outperform” rating and a $403.00 price target for the company. Citigroup upped their target price on GE Vernova from $361.00 to $437.00 and gave the stock a “neutral” rating in a research report on Thursday, January 23rd. Barclays dropped their target price on GE Vernova from $487.00 to $427.00 and set an “overweight” rating on the stock in a report on Monday, March 3rd. The Goldman Sachs Group upped their price target on GE Vernova from $446.00 to $500.00 and gave the stock a “buy” rating in a report on Friday, January 24th. Finally, TD Cowen assumed coverage on shares of GE Vernova in a research note on Thursday, December 5th. They set a “buy” rating and a $400.00 price objective on the stock. Seven research 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. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $349.54.

GE Vernova Price Performance

GE Vernova stock opened at $303.10 on Friday. The company has a market cap of $83.63 billion and a PE ratio of 54.51. GE Vernova Inc. has a 12 month low of $119.00 and a 12 month high of $447.50. The company has a fifty day moving average price of $347.66 and a two-hundred day moving average price of $320.99.

GE Vernova (NYSE:GEV) last announced 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 business had revenue of $10.56 billion for the quarter, compared to the consensus estimate 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 was up 5.1% on a year-over-year basis. Equities research analysts anticipate that GE Vernova Inc. will post 6.59 earnings per share for the current year.

GE Vernova announced that its Board of Directors has initiated a stock repurchase program on Tuesday, December 10th that authorizes the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization authorizes the company to reacquire up to 6.7% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its stock is 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.