GE Vernova Inc. (NYSE:GEV) Stock Position Decreased by Autumn Glory Partners LLC

Autumn Glory Partners LLC cut its position in shares of GE Vernova Inc. (NYSE:GEV) by 60.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,115 shares of the company’s stock after selling 1,695 shares during the period. Autumn Glory Partners LLC’s holdings in GE Vernova were worth $367,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in GEV. Creative Planning raised its stake in shares of GE Vernova by 11.4% during the 3rd quarter. Creative Planning now owns 52,641 shares of the company’s stock worth $13,422,000 after purchasing an additional 5,382 shares in the last quarter. Vontobel Holding Ltd. raised its stake in shares of GE Vernova by 454.5% during the 3rd quarter. Vontobel Holding Ltd. now owns 13,558 shares of the company’s stock worth $3,457,000 after purchasing an additional 11,113 shares in the last quarter. Hengehold Capital Management LLC bought a new position in shares of GE Vernova in the 3rd quarter valued at approximately $306,000. Good Life Advisors LLC raised its stake in shares of GE Vernova by 73.9% in the 3rd quarter. Good Life Advisors LLC now owns 3,114 shares of the company’s stock valued at $794,000 after acquiring an additional 1,323 shares in the last quarter. Finally, Global Retirement Partners LLC raised its stake in shares of GE Vernova by 0.9% in the 3rd quarter. Global Retirement Partners LLC now owns 4,507 shares of the company’s stock valued at $1,149,000 after acquiring an additional 40 shares in the last quarter.

GE Vernova Trading Down 0.8 %

Shares of NYSE:GEV opened at $367.43 on Friday. The business’s 50 day moving average is $361.32 and its 200-day moving average is $291.28. The firm has a market capitalization of $101.28 billion and a PE ratio of 66.08. GE Vernova Inc. has a 1-year low of $115.00 and a 1-year high of $447.50.

GE Vernova (NYSE:GEV) last announced its quarterly earnings results on Wednesday, January 22nd. The company reported $1.73 EPS for the quarter, missing the consensus estimate of $2.30 by ($0.57). The company had revenue of $10.56 billion during the quarter, compared to analyst estimates 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 for the quarter was up 5.1% on a year-over-year basis. On average, sell-side analysts predict that GE Vernova Inc. will post 6.59 EPS for the current year.

GE Vernova Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 28th. Investors of record on Friday, December 20th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.27%. The ex-dividend date was Friday, December 20th. GE Vernova’s dividend payout ratio is 17.99%.

GE Vernova announced that its Board of Directors has approved a stock buyback plan 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 plans are often an indication that the company’s board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. TD Cowen assumed coverage on GE Vernova in a research note on Thursday, December 5th. They issued a “buy” rating and a $400.00 price objective on the stock. Morgan Stanley raised their price objective on GE Vernova from $301.00 to $367.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. Robert W. Baird assumed coverage on GE Vernova in a research note on Thursday. They issued an “outperform” rating and a $448.00 price objective on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on GE Vernova in a research note on Monday, October 21st. They issued a “buy” rating and a $354.00 price objective on the stock. Finally, Johnson Rice began coverage on GE Vernova in a research note on Friday, February 7th. They issued a “buy” rating and a $425.00 price objective on the stock. Eight investment analysts have rated the stock with a hold rating, twenty have given a buy rating and four have assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $350.13.

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.