Moody Lynn & Lieberson LLC Purchases 22,122 Shares of GE Vernova Inc. (NYSE:GEV)

Moody Lynn & Lieberson LLC boosted its holdings in shares of GE Vernova Inc. (NYSE:GEV) by 54.6% during the fourth quarter, Holdings Channel reports. The firm owned 62,611 shares of the company’s stock after acquiring an additional 22,122 shares during the quarter. GE Vernova makes up about 1.3% of Moody Lynn & Lieberson LLC’s investment portfolio, making the stock its 26th biggest position. Moody Lynn & Lieberson LLC’s holdings in GE Vernova were worth $20,595,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Cedar Mountain Advisors LLC increased its position in GE Vernova by 102.6% during the 4th quarter. Cedar Mountain Advisors LLC now owns 77 shares of the company’s stock valued at $25,000 after purchasing an additional 39 shares during the period. Castleview Partners LLC purchased a new position in shares of GE Vernova during the third quarter valued at about $28,000. Pathway Financial Advisers LLC bought a new position in GE Vernova in the second quarter worth about $29,000. Covestor Ltd lifted its stake in shares of GE Vernova by 61.3% in the 3rd quarter. Covestor Ltd now owns 121 shares of the company’s stock valued at $31,000 after purchasing an additional 46 shares during the period. Finally, Darwin Wealth Management LLC purchased a new stake in GE Vernova in the third quarter worth $31,000.

Wall Street Analyst Weigh In

GEV has been the subject of several recent research reports. William Blair reissued an “outperform” rating on shares of GE Vernova in a research report on Thursday. Citigroup lifted their price target on shares of GE Vernova from $361.00 to $437.00 and gave the company a “neutral” rating in a research report on Thursday. Jefferies Financial Group upped their price objective on shares of GE Vernova from $348.00 to $391.00 and gave the stock a “buy” rating in a report on Friday, December 13th. Wolfe Research started coverage on shares of GE Vernova in a report on Wednesday, December 4th. They set an “outperform” rating and a $403.00 target price for the company. Finally, Hsbc Global Res downgraded GE Vernova from a “strong-buy” rating to a “hold” rating in a report on Friday, October 4th. Eight research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, GE Vernova currently has an average rating of “Moderate Buy” and an average price target of $339.73.

GE Vernova Stock Down 4.2 %

GEV stock opened at $419.27 on Friday. GE Vernova Inc. has a 52 week low of $115.00 and a 52 week high of $447.50. The stock has a market capitalization of $115.57 billion and a PE ratio of 75.41. The firm has a 50 day moving average of $353.38 and a 200 day moving average of $272.29.

GE Vernova (NYSE:GEV) last released its earnings results on Wednesday, January 22nd. The company reported $1.73 EPS for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.57). GE Vernova had a return on equity of 6.70% and a net margin of 4.44%. The firm had revenue of $10.56 billion for the quarter, compared to analyst estimates of $10.70 billion. The firm’s revenue for the quarter was up 5.1% compared to the same quarter last year. On average, equities research analysts expect that GE Vernova Inc. will post 6.61 earnings per share for the current year.

GE Vernova Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 28th. Shareholders of record on Friday, December 20th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.24%. The ex-dividend date is Friday, December 20th. GE Vernova’s payout ratio is 17.99%.

GE Vernova announced that its Board of Directors has approved a share 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 buy up to 6.7% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s leadership believes its shares are undervalued.

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.