GE Vernova Inc. (NYSE:GEV) Shares Acquired by SJS Investment Consulting Inc.

SJS Investment Consulting Inc. lifted its stake in shares of GE Vernova Inc. (NYSE:GEV) by 207.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 772 shares of the company’s stock after buying an additional 521 shares during the quarter. SJS Investment Consulting Inc.’s holdings in GE Vernova were worth $254,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of GEV. Sei Investments Co. purchased a new position in GE Vernova in the second quarter valued at approximately $14,126,000. Thrivent Financial for Lutherans acquired a new stake in shares of GE Vernova during the second quarter worth about $2,339,000. Public Sector Pension Investment Board acquired a new stake in shares of GE Vernova during the second quarter worth about $1,800,000. Evergreen Capital Management LLC purchased a new stake in shares of GE Vernova in the 2nd quarter valued at about $287,000. Finally, Insigneo Advisory Services LLC acquired a new stake in shares of GE Vernova in the 2nd quarter valued at about $275,000.

GE Vernova Stock Down 4.2 %

GEV stock opened at $419.27 on Friday. GE Vernova Inc. has a twelve month low of $115.00 and a twelve month high of $447.50. The company has a market cap of $115.57 billion and a P/E ratio of 75.41. The business has a fifty day moving average of $353.38 and a 200-day moving average of $272.29.

GE Vernova (NYSE:GEV) last announced 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). GE Vernova had a net margin of 4.44% and a return on equity of 6.70%. The business had revenue of $10.56 billion during the quarter, compared to the consensus estimate of $10.70 billion. The firm’s revenue was up 5.1% compared to the same quarter last year. As a group, equities research analysts anticipate that GE Vernova Inc. will post 6.61 earnings per share for the current fiscal year.

GE Vernova declared that its board has initiated a share buyback program on Tuesday, December 10th that permits the company to buyback $6.00 billion in shares. This buyback authorization permits the company to repurchase up to 6.7% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s board believes its shares are undervalued.

GE Vernova Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 28th. Shareholders of record on Friday, December 20th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Friday, December 20th. This represents a $1.00 dividend on an annualized basis and a yield of 0.24%. GE Vernova’s payout ratio is 17.99%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on GEV shares. Wolfe Research began coverage on shares of GE Vernova in a research report on Wednesday, December 4th. They set an “outperform” rating and a $403.00 price objective on the stock. BMO Capital Markets raised their target price on GE Vernova from $360.00 to $420.00 and gave the company an “outperform” rating in a report on Tuesday. Royal Bank of Canada reissued an “outperform” rating and set a $376.00 price target on shares of GE Vernova in a research note on Wednesday, December 11th. Evercore ISI increased their price objective on shares of GE Vernova from $385.00 to $390.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. Finally, HSBC reissued a “hold” rating and set a $255.00 price target (up previously from $240.00) on shares of GE Vernova in a research report on Friday, October 4th. Eight analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $339.73.

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.