PDS Planning Inc Purchases 58 Shares of GE Vernova Inc. (NYSE:GEV)

PDS Planning Inc grew its position in GE Vernova Inc. (NYSE:GEV) by 3.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,564 shares of the company’s stock after acquiring an additional 58 shares during the period. PDS Planning Inc’s holdings in GE Vernova were worth $514,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Retirement Planning Co of New England Inc. bought a new position in shares of GE Vernova in the fourth quarter valued at approximately $230,000. Mystic Asset Management Inc. bought a new position in shares of GE Vernova in the fourth quarter valued at approximately $387,000. Dopkins Wealth Management LLC bought a new position in shares of GE Vernova in the fourth quarter valued at approximately $210,000. Axxcess Wealth Management LLC raised its stake in shares of GE Vernova by 111.0% in the fourth quarter. Axxcess Wealth Management LLC now owns 4,036 shares of the company’s stock valued at $1,328,000 after acquiring an additional 2,123 shares during the last quarter. Finally, Flagship Wealth Advisors LLC bought a new position in GE Vernova in the 4th quarter worth approximately $122,000.

Analyst Upgrades and Downgrades

Several research firms have issued reports on GEV. Wells Fargo & Company upped their price objective on GE Vernova from $385.00 to $411.00 and gave the stock an “overweight” rating in a report on Friday, December 13th. The Goldman Sachs Group upped their price objective on GE Vernova from $446.00 to $500.00 and gave the stock a “buy” rating in a report on Friday, January 24th. Citigroup upped their price objective on GE Vernova from $361.00 to $437.00 and gave the stock a “neutral” rating in a report on Thursday, January 23rd. Baird R W raised GE Vernova to a “strong-buy” rating in a report on Thursday, February 13th. Finally, JPMorgan Chase & Co. upped their price objective on GE Vernova from $374.00 to $436.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. Seven equities research 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. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $348.72.

GE Vernova Trading Down 4.0 %

GEV stock opened at $318.64 on Wednesday. The stock has a 50-day moving average price of $354.04 and a two-hundred day moving average price of $316.24. The stock has a market cap of $87.91 billion and a PE ratio of 57.31. GE Vernova Inc. has a 1 year low of $119.00 and a 1 year 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 (EPS) for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.57). The firm had revenue of $10.56 billion for the quarter, compared to the consensus estimate of $10.70 billion. GE Vernova had a return on equity of 6.70% and a net margin of 4.44%. The company’s revenue was up 5.1% on a year-over-year basis. On average, analysts forecast that GE Vernova Inc. will post 6.59 earnings per share for the current fiscal year.

GE Vernova declared that its Board of Directors has authorized a stock buyback plan on Tuesday, December 10th that authorizes the company to repurchase $6.00 billion in shares. This repurchase authorization authorizes the company to buy up to 6.7% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board of directors 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.