D L Carlson Investment Group Inc. Sells 107 Shares of GE Vernova Inc. (NYSE:GEV)

D L Carlson Investment Group Inc. lowered its stake in shares of GE Vernova Inc. (NYSE:GEV) by 0.6% in the 4th quarter, HoldingsChannel reports. The firm owned 17,538 shares of the company’s stock after selling 107 shares during the quarter. GE Vernova accounts for 1.0% of D L Carlson Investment Group Inc.’s portfolio, making the stock its 22nd biggest position. D L Carlson Investment Group Inc.’s holdings in GE Vernova were worth $5,769,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Cedar Mountain Advisors LLC grew its holdings in shares of GE Vernova by 102.6% in the fourth quarter. Cedar Mountain Advisors LLC now owns 77 shares of the company’s stock worth $25,000 after purchasing an additional 39 shares during the last quarter. MRP Capital Investments LLC purchased a new stake in GE Vernova during the 4th quarter valued at $25,000. Fairway Wealth LLC boosted its position in shares of GE Vernova by 220.0% during the fourth quarter. Fairway Wealth LLC now owns 80 shares of the company’s stock valued at $26,000 after buying an additional 55 shares during the last quarter. Pineridge Advisors LLC grew its stake in shares of GE Vernova by 530.8% in the fourth quarter. Pineridge Advisors LLC now owns 82 shares of the company’s stock worth $27,000 after acquiring an additional 69 shares during the period. Finally, Prestige Wealth Management Group LLC grew its position in GE Vernova by 175.0% in 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 period.

Analyst Ratings Changes

Several equities research analysts have recently commented on GEV shares. Baird R W raised shares of GE Vernova to a “strong-buy” rating in a research report on Thursday, February 13th. The Goldman Sachs Group boosted their price target on shares of GE Vernova from $446.00 to $500.00 and gave the stock a “buy” rating in a research note on Friday, January 24th. Citigroup boosted their price objective on GE Vernova from $361.00 to $437.00 and gave the stock a “neutral” rating in a research note on Thursday, January 23rd. Johnson Rice started coverage on GE Vernova in a report on Friday, February 7th. They issued a “buy” rating and a $425.00 price target on the stock. Finally, Marathon Capitl upgraded GE Vernova to a “strong-buy” rating in a report on Friday, January 31st. Seven investment analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and four have assigned a strong buy rating to the company. According to data from MarketBeat, GE Vernova has a consensus rating of “Moderate Buy” and an average target price of $349.54.

GE Vernova Price Performance

GEV opened at $302.71 on Monday. The stock has a market cap of $83.52 billion and a P/E ratio of 54.44. The firm has a fifty day moving average price of $345.68 and a 200 day moving average price of $323.33. GE Vernova Inc. has a 1 year low of $119.00 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 earnings per share for the quarter, missing the consensus estimate of $2.30 by ($0.57). The business had revenue of $10.56 billion during the quarter, compared to analysts’ expectations of $10.70 billion. GE Vernova had a net margin of 4.44% and a return on equity of 6.70%. The business’s revenue was up 5.1% on a year-over-year basis. Equities analysts expect that GE Vernova Inc. will post 6.59 EPS for the current year.

GE Vernova announced that its board has initiated a share buyback program on Tuesday, December 10th that allows the company to buyback $6.00 billion in shares. This buyback authorization allows the company to reacquire up to 6.7% of its shares through open market purchases. Shares buyback programs are usually 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.