GE Vernova Inc. (NYSE:GEV) Shares Sold by YHB Investment Advisors Inc.

YHB Investment Advisors Inc. decreased its stake in GE Vernova Inc. (NYSE:GEV) by 18.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,249 shares of the company’s stock after selling 1,601 shares during the quarter. YHB Investment Advisors Inc.’s holdings in GE Vernova were worth $2,384,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Legacy Bridge LLC lifted its stake in GE Vernova by 77.0% in the 4th quarter. Legacy Bridge LLC now owns 10,982 shares of the company’s stock valued at $3,612,000 after buying an additional 4,776 shares in the last quarter. Berkshire Bank increased its stake in GE Vernova by 83.9% during the 4th quarter. Berkshire Bank now owns 2,256 shares of the company’s stock worth $742,000 after buying an additional 1,029 shares in the last quarter. Foundations Investment Advisors LLC raised its holdings in shares of GE Vernova by 7.1% during the fourth quarter. Foundations Investment Advisors LLC now owns 2,395 shares of the company’s stock valued at $788,000 after acquiring an additional 158 shares during the last quarter. Parsons Capital Management Inc. RI lifted its position in shares of GE Vernova by 5.4% in the fourth quarter. Parsons Capital Management Inc. RI now owns 1,691 shares of the company’s stock valued at $556,000 after acquiring an additional 87 shares in the last quarter. Finally, CKW Financial Group boosted its stake in shares of GE Vernova by 58.6% in the fourth quarter. CKW Financial Group now owns 276 shares of the company’s stock worth $91,000 after acquiring an additional 102 shares during the last quarter.

Analysts Set New Price Targets

GEV has been the subject of several recent research reports. William Blair reissued an “outperform” rating on shares of GE Vernova in a research note on Thursday, January 23rd. TD Cowen initiated coverage on shares of GE Vernova in a research report on Thursday, December 5th. They issued a “buy” rating and a $400.00 target price for the company. Raymond James lowered shares of GE Vernova from an “outperform” rating to a “market perform” rating in a research report on Wednesday, October 2nd. HSBC reiterated a “hold” rating and issued a $255.00 price objective (up previously from $240.00) on shares of GE Vernova in a report on Friday, October 4th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $376.00 target price on shares of GE Vernova in a report on Wednesday, December 11th. Eight investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, GE Vernova has a consensus rating of “Moderate Buy” and a consensus price target of $339.73.

GE Vernova Stock Down 21.6 %

Shares of NYSE GEV opened at $329.63 on Tuesday. The business’s 50 day moving average is $353.38 and its two-hundred day moving average is $273.64. GE Vernova Inc. has a 52-week low of $115.00 and a 52-week high of $447.50. The firm has a market cap of $90.86 billion and a price-to-earnings ratio of 59.29.

GE Vernova (NYSE:GEV) last posted its quarterly earnings data on Wednesday, January 22nd. The company reported $1.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.30 by ($0.57). GE Vernova had a net margin of 4.44% and a return on equity of 6.70%. The firm had revenue of $10.56 billion during the quarter, compared to analysts’ expectations of $10.70 billion. The company’s revenue was up 5.1% on a year-over-year basis. Analysts anticipate that GE Vernova Inc. will post 6.61 EPS for the current fiscal year.

GE Vernova Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 28th. Stockholders of record on Friday, December 20th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, December 20th. This represents a $1.00 annualized dividend and a dividend yield of 0.30%. GE Vernova’s dividend payout ratio is presently 17.99%.

GE Vernova announced that its Board of Directors has authorized a stock repurchase program on Tuesday, December 10th that allows the company to buyback $6.00 billion in outstanding shares. This buyback authorization allows the company to purchase 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 shares are undervalued.

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.