GE Vernova Inc. (NYSE:GEV) Stock Position Lifted by Ameliora Wealth Management Ltd.

Ameliora Wealth Management Ltd. boosted its stake in GE Vernova Inc. (NYSE:GEV) by 400.0% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 390 shares of the company’s stock after buying an additional 312 shares during the period. Ameliora Wealth Management Ltd.’s holdings in GE Vernova were worth $128,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in GEV. Czech National Bank raised its holdings in GE Vernova by 7.2% during the third quarter. Czech National Bank now owns 55,980 shares of the company’s stock worth $14,274,000 after purchasing an additional 3,751 shares in the last quarter. Mather Group LLC. bought a new position in shares of GE Vernova in the third quarter valued at $531,000. Atomi Financial Group Inc. lifted its position in shares of GE Vernova by 10.9% during the 3rd quarter. Atomi Financial Group Inc. now owns 1,584 shares of the company’s stock valued at $404,000 after acquiring an additional 156 shares during the last quarter. Brookstone Capital Management boosted its stake in shares of GE Vernova by 17.7% during the 3rd quarter. Brookstone Capital Management now owns 4,466 shares of the company’s stock worth $1,139,000 after acquiring an additional 671 shares in the last quarter. Finally, Future Financial Wealth Managment LLC acquired a new position in shares of GE Vernova in the 3rd quarter worth $75,000.

Analyst Ratings Changes

GEV has been the subject of a number of recent analyst reports. Evercore ISI increased their price target on GE Vernova from $385.00 to $390.00 and gave the company an “outperform” rating in a research report on Wednesday, December 11th. Deutsche Bank Aktiengesellschaft began coverage on GE Vernova in a report on Monday, October 21st. They set a “buy” rating and a $354.00 price objective for the company. Bank of America boosted their target price on GE Vernova from $380.00 to $415.00 and gave the company a “buy” rating in a research note on Tuesday, January 14th. Citigroup raised their price target on GE Vernova from $361.00 to $437.00 and gave the stock a “neutral” rating in a research note on Thursday, January 23rd. Finally, Wolfe Research initiated coverage on shares of GE Vernova in a report on Wednesday, December 4th. They set an “outperform” rating and a $403.00 price target on the stock. Eight analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $342.94.

GE Vernova Trading Up 1.8 %

NYSE:GEV opened at $374.67 on Friday. The stock has a market cap of $103.28 billion and a price-to-earnings ratio of 67.39. The stock has a 50-day moving average price of $356.93 and a two-hundred day moving average price of $283.41. GE Vernova Inc. has a 1 year low of $115.00 and a 1 year high of $447.50.

GE Vernova (NYSE:GEV) last issued its quarterly earnings results on Wednesday, January 22nd. The company reported $1.73 earnings per share (EPS) 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 analyst estimates of $10.70 billion. GE Vernova had a net margin of 4.44% and a return on equity of 6.70%. The company’s quarterly revenue was up 5.1% on a year-over-year basis. Sell-side analysts forecast that GE Vernova Inc. will post 6.33 earnings per share for the current year.

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

GE Vernova Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 28th. Shareholders of record on Friday, December 20th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.27%. The ex-dividend date of this dividend was Friday, December 20th. GE Vernova’s dividend payout ratio (DPR) is 17.99%.

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.