SYM FINANCIAL Corp Has $432,000 Stake in GE Vernova Inc. (NYSE:GEV)

SYM FINANCIAL Corp increased its position in GE Vernova Inc. (NYSE:GEV) by 14.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,312 shares of the company’s stock after purchasing an additional 163 shares during the period. SYM FINANCIAL Corp’s holdings in GE Vernova were worth $432,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of GEV. Northwestern Mutual Wealth Management Co. bought a new position in shares of GE Vernova in the second quarter valued at $2,511,000. NewEdge Advisors LLC acquired a new stake in shares of GE Vernova in the 2nd quarter worth about $1,851,000. Sunbelt Securities Inc. bought a new position in GE Vernova in the 2nd quarter valued at about $46,000. Truist Financial Corp acquired a new position in GE Vernova during the 2nd quarter valued at about $7,832,000. Finally, Cetera Investment Advisers acquired a new position in GE Vernova during the 2nd quarter valued at about $9,425,000.

Analyst Ratings Changes

Several analysts have recently commented on GEV shares. Wolfe Research began coverage on GE Vernova in a research note on Wednesday, December 4th. They issued an “outperform” rating and a $403.00 price objective for the company. TD Cowen began coverage on GE Vernova in a research report on Thursday, December 5th. They issued a “buy” rating and a $400.00 price target for the company. Royal Bank of Canada reaffirmed an “outperform” rating and set a $453.00 price objective on shares of GE Vernova in a report on Tuesday, January 28th. Wells Fargo & Company increased their target price on shares of GE Vernova from $385.00 to $411.00 and gave the company an “overweight” rating in a report on Friday, December 13th. Finally, Citigroup raised their price target on shares of GE Vernova from $361.00 to $437.00 and gave the company a “neutral” rating in a research report on Thursday, January 23rd. Eight analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, GE Vernova presently has an average rating of “Moderate Buy” and an average price target of $342.94.

GE Vernova Stock Performance

GEV stock opened at $372.70 on Friday. The stock has a fifty day moving average of $355.29 and a 200-day moving average of $278.58. GE Vernova Inc. has a fifty-two week low of $115.00 and a fifty-two week high of $447.50. The company has a market capitalization of $102.74 billion and a price-to-earnings ratio of 67.03.

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). GE Vernova had a return on equity of 6.70% and a net margin of 4.44%. The business had revenue of $10.56 billion for the quarter, compared to the consensus estimate of $10.70 billion. The company’s revenue was up 5.1% compared to the same quarter last year. Equities analysts predict that GE Vernova Inc. will post 6.33 EPS for the current year.

GE Vernova Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 28th. Investors of record on Friday, December 20th were paid a $0.25 dividend. The ex-dividend date was Friday, December 20th. This represents a $1.00 dividend on an annualized basis and a yield of 0.27%. GE Vernova’s dividend payout ratio is 17.99%.

GE Vernova declared that its board has approved a share buyback program on Tuesday, December 10th that authorizes the company to repurchase $6.00 billion in shares. This repurchase authorization authorizes the company to repurchase up to 6.7% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its shares are undervalued.

GE Vernova Company 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.