Buckley Wealth Management LLC Has $285,000 Stock Holdings in GE Vernova Inc. (NYSE:GEV)

Buckley Wealth Management LLC cut its stake in shares of GE Vernova Inc. (NYSE:GEV) by 32.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 867 shares of the company’s stock after selling 410 shares during the period. Buckley Wealth Management LLC’s holdings in GE Vernova were worth $285,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of GEV. Howard Capital Management Group LLC bought a new stake in GE Vernova in the third quarter valued at approximately $213,000. Atria Investments Inc increased its stake in GE Vernova by 127.0% during the 3rd quarter. Atria Investments Inc now owns 5,088 shares of the company’s stock worth $1,297,000 after acquiring an additional 2,847 shares during the period. Covestor Ltd increased its stake in GE Vernova by 61.3% during the 3rd quarter. Covestor Ltd now owns 121 shares of the company’s stock worth $31,000 after acquiring an additional 46 shares during the period. Harbour Investments Inc. increased its stake in GE Vernova by 5.1% during the 3rd quarter. Harbour Investments Inc. now owns 2,306 shares of the company’s stock worth $588,000 after acquiring an additional 111 shares during the period. Finally, Aptus Capital Advisors LLC increased its stake in shares of GE Vernova by 13.2% in the 3rd quarter. Aptus Capital Advisors LLC now owns 2,796 shares of the company’s stock valued at $713,000 after purchasing an additional 327 shares during the last quarter.

GE Vernova Price Performance

Shares of GEV opened at $313.76 on Friday. GE Vernova Inc. has a one year low of $119.00 and a one year high of $447.50. The company has a 50-day simple moving average of $355.75 and a two-hundred day simple moving average of $312.63. The firm has a market capitalization of $86.57 billion and a PE ratio of 56.43.

GE Vernova (NYSE:GEV) last issued its quarterly earnings data on Wednesday, January 22nd. The company reported $1.73 EPS for the quarter, missing the consensus estimate of $2.30 by ($0.57). GE Vernova had a return on equity of 6.70% and a net margin of 4.44%. The company had revenue of $10.56 billion during the quarter, compared to analysts’ expectations of $10.70 billion. The business’s revenue was up 5.1% compared to the same quarter last year. Analysts expect that GE Vernova Inc. will post 6.59 EPS for the current fiscal year.

GE Vernova announced that its board has approved a share repurchase program on Tuesday, December 10th that authorizes the company to repurchase $6.00 billion in shares. This repurchase authorization authorizes the company to buy 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.

Analyst Ratings Changes

GEV has been the topic of several recent analyst reports. Marathon Capitl upgraded GE Vernova to a “strong-buy” rating in a research note on Friday, January 31st. Robert W. Baird began coverage on GE Vernova in a research note on Thursday, February 13th. They set an “outperform” rating and a $448.00 price target on the stock. Royal Bank of Canada reissued an “outperform” rating and set a $453.00 price objective on shares of GE Vernova in a report on Tuesday, January 28th. JPMorgan Chase & Co. boosted their price objective on GE Vernova from $374.00 to $436.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. Finally, Johnson Rice started coverage on GE Vernova in a report on Friday, February 7th. They issued a “buy” rating and a $425.00 target price for the company. 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, the company has an average rating of “Moderate Buy” and an average price target of $349.02.

GE Vernova 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.