Level Four Advisory Services LLC Boosts Holdings in GE Vernova Inc. (NYSE:GEV)

Level Four Advisory Services LLC lifted its position in shares of GE Vernova Inc. (NYSE:GEV) by 17.8% during the fourth quarter, HoldingsChannel reports. The firm owned 6,132 shares of the company’s stock after purchasing an additional 928 shares during the quarter. Level Four Advisory Services LLC’s holdings in GE Vernova were worth $2,017,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Cedar Mountain Advisors LLC boosted its position in GE Vernova by 102.6% in the 4th quarter. Cedar Mountain Advisors LLC now owns 77 shares of the company’s stock valued at $25,000 after buying an additional 39 shares during the last quarter. MRP Capital Investments LLC acquired a new position in shares of GE Vernova in the fourth quarter worth about $25,000. Fairway Wealth LLC boosted its holdings in GE Vernova by 220.0% in the fourth quarter. Fairway Wealth LLC now owns 80 shares of the company’s stock valued at $26,000 after purchasing an additional 55 shares during the last quarter. Pineridge Advisors LLC grew its stake in GE Vernova by 530.8% during the 4th quarter. Pineridge Advisors LLC now owns 82 shares of the company’s stock valued at $27,000 after purchasing an additional 69 shares in the last quarter. Finally, Prestige Wealth Management Group LLC increased its holdings in GE Vernova by 175.0% during the 3rd quarter. Prestige Wealth Management Group LLC now owns 121 shares of the company’s stock worth $31,000 after purchasing an additional 77 shares during the last quarter.

GE Vernova Trading Down 0.1 %

Shares of NYSE:GEV opened at $302.71 on Friday. The company has a 50 day moving average of $345.68 and a 200-day moving average of $322.53. The firm has a market cap of $83.52 billion and a P/E ratio of 54.44. GE Vernova Inc. has a twelve month low of $119.00 and a twelve month high of $447.50.

GE Vernova (NYSE:GEV) last released 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). 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 during the quarter, compared to analyst estimates of $10.70 billion. The business’s revenue for the quarter was up 5.1% compared to the same quarter last year. Equities research analysts forecast that GE Vernova Inc. will post 6.59 EPS for the current year.

GE Vernova announced that its Board of Directors has approved a stock repurchase program on Tuesday, December 10th that allows the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization allows the company to repurchase up to 6.7% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s management believes its shares are undervalued.

Analyst Ratings Changes

GEV has been the subject of a number of recent analyst reports. BMO Capital Markets decreased their price target on shares of GE Vernova from $471.00 to $420.00 and set an “outperform” rating for the company in a research report on Monday, March 3rd. Jefferies Financial Group raised their price objective on shares of GE Vernova from $391.00 to $413.00 and gave the stock a “buy” rating in a report on Thursday. Barclays cut their target price on shares of GE Vernova from $487.00 to $427.00 and set an “overweight” rating on the stock in a research note on Monday, March 3rd. William Blair reissued an “outperform” rating on shares of GE Vernova in a report on Thursday, January 23rd. Finally, CICC Research initiated coverage on GE Vernova in a report on Wednesday, February 19th. They set an “outperform” rating on the stock. Seven analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and four have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $349.54.

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.