Howe & Rusling Inc. Has $292,000 Stock Holdings in GE Vernova Inc. (NYSE:GEV)

Howe & Rusling Inc. cut its stake in GE Vernova Inc. (NYSE:GEV) by 4.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 887 shares of the company’s stock after selling 43 shares during the quarter. Howe & Rusling Inc.’s holdings in GE Vernova were worth $292,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of GEV. MRP Capital Investments LLC acquired a new position in GE Vernova in the 4th quarter valued at about $25,000. Cedar Mountain Advisors LLC boosted its holdings in shares of GE Vernova by 102.6% during the fourth quarter. Cedar Mountain Advisors LLC now owns 77 shares of the company’s stock worth $25,000 after acquiring an additional 39 shares during the period. Fairway Wealth LLC grew its position in shares of 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 increased its stake in shares of GE Vernova by 530.8% during the fourth quarter. Pineridge Advisors LLC now owns 82 shares of the company’s stock worth $27,000 after purchasing an additional 69 shares during the period. Finally, Asset Planning Inc acquired a new stake in GE Vernova during the 4th quarter worth approximately $35,000.

Analysts Set New Price Targets

GEV has been the topic of several recent research reports. New Street Research set a $380.00 target price on shares of GE Vernova in a report on Wednesday, March 5th. The Goldman Sachs Group lifted their price objective on GE Vernova from $446.00 to $500.00 and gave the company a “buy” rating in a report on Friday, January 24th. JPMorgan Chase & Co. raised their price target on GE Vernova from $374.00 to $436.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Johnson Rice began coverage on shares of GE Vernova in a research report on Friday, February 7th. They set a “buy” rating and a $425.00 price objective for the company. Finally, William Blair restated an “outperform” rating on shares of GE Vernova in a research report on Thursday, January 23rd. Seven investment analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and four have issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $349.54.

GE Vernova Stock Performance

Shares of NYSE GEV opened at $303.10 on Friday. The company’s 50 day moving average price is $347.66 and its 200-day moving average price is $320.99. GE Vernova Inc. has a 52-week low of $119.00 and a 52-week high of $447.50. The company has a market capitalization of $83.63 billion and a P/E ratio of 54.51.

GE Vernova (NYSE:GEV) last issued its quarterly earnings results 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 analyst estimates of $10.70 billion. GE Vernova had a return on equity of 6.70% and a net margin of 4.44%. The company’s quarterly revenue was up 5.1% on a year-over-year basis. Analysts forecast 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 program on Tuesday, December 10th that allows the company to buyback $6.00 billion in outstanding shares. This buyback authorization allows the company to repurchase up to 6.7% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board 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.