GE Vernova Inc. (NYSE:GEV) Position Boosted by Left Brain Wealth Management LLC

Left Brain Wealth Management LLC lifted its stake in shares of GE Vernova Inc. (NYSE:GEV) by 2.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,749 shares of the company’s stock after purchasing an additional 178 shares during the period. Left Brain Wealth Management LLC’s holdings in GE Vernova were worth $2,220,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Register Financial Advisors LLC bought a new position in shares of GE Vernova during the fourth quarter worth about $206,000. Atria Investments Inc lifted its holdings in GE Vernova by 127.0% in the third 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 last quarter. GPS Wealth Strategies Group LLC lifted its holdings in GE Vernova by 1,126.0% in the fourth quarter. GPS Wealth Strategies Group LLC now owns 895 shares of the company’s stock worth $294,000 after acquiring an additional 822 shares during the last quarter. Assetmark Inc. lifted its holdings in GE Vernova by 1,280.4% in the third quarter. Assetmark Inc. now owns 7,689 shares of the company’s stock worth $1,961,000 after acquiring an additional 7,132 shares during the last quarter. Finally, Yarbrough Capital LLC lifted its holdings in GE Vernova by 67.2% in the fourth quarter. Yarbrough Capital LLC now owns 2,886 shares of the company’s stock worth $949,000 after acquiring an additional 1,160 shares during the last quarter.

GE Vernova Price Performance

Shares of GEV opened at $300.27 on Friday. The company has a market capitalization of $82.84 billion and a price-to-earnings ratio of 54.00. GE Vernova Inc. has a fifty-two week low of $115.00 and a fifty-two week high of $447.50. The business’s 50-day moving average is $356.55 and its 200-day moving average is $311.71.

GE Vernova (NYSE:GEV) last issued its 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 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 company’s revenue for the quarter was up 5.1% on a year-over-year basis. Equities research analysts expect that GE Vernova Inc. will post 6.59 earnings per share for the current fiscal year.

GE Vernova declared that its Board of Directors has authorized a share repurchase plan on Tuesday, December 10th that allows the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization allows the company to reacquire up to 6.7% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. New Street Research set a $380.00 price objective on shares of GE Vernova in a research report on Wednesday, March 5th. Jefferies Financial Group lifted their price objective on shares of GE Vernova from $348.00 to $391.00 and gave the company a “buy” rating in a research note on Friday, December 13th. Guggenheim raised GE Vernova from a “neutral” rating to a “buy” rating and set a $380.00 price objective on the stock in a research note on Wednesday, March 5th. Bank of America boosted their price objective on GE Vernova from $380.00 to $415.00 and gave the stock a “buy” rating in a research note on Tuesday, January 14th. Finally, William Blair reissued an “outperform” rating on shares of GE Vernova in a research note on Thursday, January 23rd. Seven equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and four have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price 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.