WoodTrust Financial Corp Decreases Holdings in GE Vernova Inc. (NYSE:GEV)

WoodTrust Financial Corp lowered its stake in shares of GE Vernova Inc. (NYSE:GEV) by 2.9% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,284 shares of the company’s stock after selling 39 shares during the quarter. WoodTrust Financial Corp’s holdings in GE Vernova were worth $422,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Waverton Investment Management Ltd grew its position in shares of GE Vernova by 10.0% during the 3rd quarter. Waverton Investment Management Ltd now owns 727,704 shares of the company’s stock valued at $185,459,000 after acquiring an additional 66,455 shares during the period. Register Financial Advisors LLC bought a new position in GE Vernova during the fourth quarter valued at $206,000. Hanlon Investment Management Inc. bought a new position in GE Vernova during the third quarter valued at $1,101,000. Atria Investments Inc increased its position 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 buying an additional 2,847 shares during the last quarter. Finally, GPS Wealth Strategies Group LLC raised its stake in shares of GE Vernova by 1,126.0% in the fourth quarter. GPS Wealth Strategies Group LLC now owns 895 shares of the company’s stock valued at $294,000 after buying an additional 822 shares during the period.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Barclays cut their price target on GE Vernova from $487.00 to $427.00 and set an “overweight” rating for the company in a research note on Monday. Morgan Stanley increased their target price on shares of GE Vernova from $301.00 to $367.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. Johnson Rice initiated coverage on shares of GE Vernova in a research report on Friday, February 7th. They issued a “buy” rating and a $425.00 price target on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $453.00 price objective on shares of GE Vernova in a report on Tuesday, January 28th. Finally, The Goldman Sachs Group lifted their price objective on shares of GE Vernova from $446.00 to $500.00 and gave the company a “buy” rating in a research note on Friday, January 24th. Eight investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and four have given a strong buy rating to the stock. According to data from MarketBeat.com, GE Vernova presently has a consensus rating of “Moderate Buy” and a consensus price target of $347.83.

GE Vernova Stock Down 1.1 %

GEV opened at $312.56 on Wednesday. The business’s fifty day simple moving average is $362.56 and its 200 day simple moving average is $308.16. GE Vernova Inc. has a 52 week low of $115.00 and a 52 week high of $447.50. The stock has a market cap of $86.24 billion and a PE ratio of 56.22.

GE Vernova (NYSE:GEV) last posted its quarterly earnings data on Wednesday, January 22nd. The company reported $1.73 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.57). The firm had revenue of $10.56 billion during the quarter, compared to analysts’ expectations 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. As a group, equities analysts anticipate that GE Vernova Inc. will post 6.59 earnings per share for the current year.

GE Vernova Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 28th. Shareholders of record on Friday, December 20th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.32%. The ex-dividend date of this dividend was Friday, December 20th. GE Vernova’s dividend payout ratio (DPR) is presently 17.99%.

GE Vernova declared that its board has approved a stock buyback plan on Tuesday, December 10th that allows the company to buyback $6.00 billion in outstanding shares. This buyback authorization allows the company to reacquire up to 6.7% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s board 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.