GE Vernova Inc. (NYSE:GEV) Shares Bought by Ameliora Wealth Management Ltd.

Ameliora Wealth Management Ltd. boosted its stake in shares of GE Vernova Inc. (NYSE:GEV) by 400.0% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 390 shares of the company’s stock after purchasing 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 have also modified their holdings of GEV. Livforsakringsbolaget Skandia Omsesidigt raised its holdings in GE Vernova by 5,384.6% in the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,426 shares of the company’s stock worth $469,000 after purchasing an additional 1,400 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in shares of GE Vernova by 1.8% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 30,338 shares of the company’s stock worth $9,979,000 after buying an additional 550 shares during the period. Sumitomo Mitsui Trust Group Inc. lifted its position in shares of GE Vernova by 8.5% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 669,940 shares of the company’s stock valued at $220,363,000 after buying an additional 52,631 shares in the last quarter. Telligent Fund LP purchased a new stake in GE Vernova during the 4th quarter valued at about $987,000. Finally, Strategic Financial Concepts LLC purchased a new position in GE Vernova in the 4th quarter worth approximately $17,900,000.

Analysts Set New Price Targets

A number of analysts have issued reports on GEV shares. Wells Fargo & Company raised their target price on GE Vernova from $385.00 to $411.00 and gave the stock an “overweight” rating in a research note on Friday, December 13th. Morgan Stanley lifted their target price on GE Vernova from $301.00 to $367.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. Bank of America increased their target price on shares of GE Vernova from $380.00 to $415.00 and gave the stock a “buy” rating in a report on Tuesday, January 14th. Marathon Capitl raised GE Vernova to a “strong-buy” rating in a research report on Friday, January 31st. Finally, BMO Capital Markets upped their target price on shares of GE Vernova from $360.00 to $420.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 21st. Eight equities research 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’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $342.94.

GE Vernova Stock Performance

Shares of GE Vernova stock opened at $374.67 on Friday. The firm’s 50-day simple moving average is $356.93 and its 200-day simple moving average is $283.41. GE Vernova Inc. has a 1 year low of $115.00 and a 1 year high of $447.50. The firm has a market cap of $103.28 billion and a PE ratio of 67.39.

GE Vernova (NYSE:GEV) last posted its quarterly earnings results on Wednesday, January 22nd. The company reported $1.73 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 firm’s revenue was up 5.1% on a year-over-year basis. On average, equities analysts predict 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 plan on Tuesday, December 10th that authorizes the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 6.7% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board believes its stock is undervalued.

GE Vernova Announces Dividend

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

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.