Telos Capital Management Inc. Decreases Stake in GE Vernova Inc. (NYSE:GEV)

Telos Capital Management Inc. lessened its holdings in shares of GE Vernova Inc. (NYSE:GEV) by 18.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 961 shares of the company’s stock after selling 217 shares during the quarter. Telos Capital Management Inc.’s holdings in GE Vernova were worth $316,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Oakworth Capital Inc. increased its holdings in shares of GE Vernova by 210.0% in the fourth quarter. Oakworth Capital Inc. now owns 155 shares of the company’s stock valued at $51,000 after purchasing an additional 105 shares during the last quarter. Silver Oak Securities Incorporated grew its holdings in GE Vernova by 17.6% in the 4th quarter. Silver Oak Securities Incorporated now owns 927 shares of the company’s stock valued at $306,000 after buying an additional 139 shares in the last quarter. Financial Advocates Investment Management acquired a new stake in shares of GE Vernova in the 4th quarter worth $263,000. Bleakley Financial Group LLC raised its holdings in shares of GE Vernova by 29.9% during the 4th quarter. Bleakley Financial Group LLC now owns 9,979 shares of the company’s stock worth $3,282,000 after acquiring an additional 2,296 shares during the period. Finally, NovaPoint Capital LLC boosted its position in shares of GE Vernova by 5.2% during the 4th quarter. NovaPoint Capital LLC now owns 5,316 shares of the company’s stock valued at $1,749,000 after acquiring an additional 263 shares during the last quarter.

Analysts Set New Price Targets

Several research firms recently issued reports on GEV. Morgan Stanley raised their price objective on shares of GE Vernova from $301.00 to $367.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. BMO Capital Markets lifted their price target on shares of GE Vernova from $360.00 to $420.00 and gave the company an “outperform” rating in a research report on Tuesday, January 21st. Royal Bank of Canada reiterated an “outperform” rating and issued a $453.00 price objective on shares of GE Vernova in a report on Tuesday, January 28th. Jefferies Financial Group raised their target price on GE Vernova from $348.00 to $391.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. Finally, Evercore ISI upped their price target on GE Vernova from $385.00 to $390.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. Eight investment analysts have rated the stock with a hold rating, twenty have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $346.22.

GE Vernova Price Performance

Shares of NYSE GEV opened at $377.99 on Friday. The stock’s 50-day moving average is $357.71 and its two-hundred day moving average is $284.04. The company has a market cap of $104.19 billion and a price-to-earnings ratio of 67.98. GE Vernova Inc. has a 1-year low of $115.00 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 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 firm had revenue of $10.56 billion for the quarter, compared to analysts’ expectations of $10.70 billion. The business’s revenue for the quarter was up 5.1% compared to the same quarter last year. Equities research analysts anticipate that GE Vernova Inc. will post 6.33 earnings per share for the current fiscal year.

GE Vernova Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 28th. Investors of record on Friday, December 20th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.26%. The ex-dividend date of this dividend was Friday, December 20th. GE Vernova’s payout ratio is 17.99%.

GE Vernova announced that its Board of Directors has authorized a share repurchase plan on Tuesday, December 10th that authorizes the company to repurchase $6.00 billion in shares. This repurchase authorization authorizes the company to purchase up to 6.7% of its shares through open market purchases. Shares repurchase plans are typically an indication 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.