Boyd Watterson Asset Management LLC OH Boosts Stock Holdings in GE Vernova Inc. (NYSE:GEV)

Boyd Watterson Asset Management LLC OH lifted its position in GE Vernova Inc. (NYSE:GEV) by 60.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,259 shares of the company’s stock after purchasing an additional 472 shares during the period. Boyd Watterson Asset Management LLC OH’s holdings in GE Vernova were worth $414,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in GEV. Howard Capital Management Group LLC acquired a new position in shares of GE Vernova in the third quarter worth about $213,000. Private Advisor Group LLC grew its position in shares of GE Vernova by 8.2% during the 3rd quarter. Private Advisor Group LLC now owns 20,098 shares of the company’s stock valued at $5,125,000 after acquiring an additional 1,531 shares during the period. International Assets Investment Management LLC increased its stake in shares of GE Vernova by 35,238.2% in the 3rd quarter. International Assets Investment Management LLC now owns 1,435,792 shares of the company’s stock valued at $366,098,000 after purchasing an additional 1,431,729 shares in the last quarter. Brighton Jones LLC raised its holdings in GE Vernova by 21.8% in the 3rd quarter. Brighton Jones LLC now owns 2,562 shares of the company’s stock worth $653,000 after purchasing an additional 459 shares during the period. Finally, CENTRAL TRUST Co boosted its position in GE Vernova by 47.5% during the third quarter. CENTRAL TRUST Co now owns 8,464 shares of the company’s stock worth $2,158,000 after purchasing an additional 2,726 shares in the last quarter.

GE Vernova Price Performance

NYSE:GEV opened at $327.68 on Friday. GE Vernova Inc. has a 1-year low of $115.00 and a 1-year high of $447.50. The firm has a market capitalization of $90.41 billion and a price-to-earnings ratio of 58.93. The company’s 50-day moving average is $364.41 and its two-hundred day moving average is $299.31.

GE Vernova (NYSE:GEV) last posted its earnings results on Wednesday, January 22nd. The company reported $1.73 EPS for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.57). GE Vernova had a net margin of 4.44% and a return on equity of 6.70%. The company had revenue of $10.56 billion during the quarter, compared to analyst estimates of $10.70 billion. The firm’s quarterly revenue was up 5.1% compared to the same quarter last year. As a group, equities analysts anticipate that GE Vernova Inc. will post 6.59 earnings per share for the current fiscal year.

GE Vernova Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 28th. Shareholders of record on Friday, December 20th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.31%. The ex-dividend date of this dividend was Friday, December 20th. GE Vernova’s dividend payout ratio (DPR) is 17.99%.

GE Vernova announced that its Board of Directors has authorized a share buyback plan on Tuesday, December 10th that permits the company to repurchase $6.00 billion in shares. This repurchase authorization permits the company to purchase up to 6.7% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its stock is undervalued.

Analyst Upgrades and Downgrades

GEV has been the subject of a number of recent analyst reports. The Goldman Sachs Group boosted their price objective on GE Vernova from $446.00 to $500.00 and gave the company a “buy” rating in a research report on Friday, January 24th. Guggenheim lowered shares of GE Vernova from a “buy” rating to a “neutral” rating and set a $380.00 price target for the company. in a report on Friday, January 24th. Wolfe Research began coverage on shares of GE Vernova in a research report on Wednesday, December 4th. They set an “outperform” rating and a $403.00 price objective for the company. Citigroup lifted their target price 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. Finally, Truist Financial upped their price target on shares of GE Vernova from $420.00 to $470.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. Eight research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and four have assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $350.13.

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.