GE Vernova Inc. (NYSE:GEV) Stock Holdings Lifted by Atomi Financial Group Inc.

Atomi Financial Group Inc. boosted its stake in shares of GE Vernova Inc. (NYSE:GEV) by 14.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 1,817 shares of the company’s stock after acquiring an additional 233 shares during the period. Atomi Financial Group Inc.’s holdings in GE Vernova were worth $598,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Waverton Investment Management Ltd grew its position in GE Vernova by 10.0% during the third quarter. Waverton Investment Management Ltd now owns 727,704 shares of the company’s stock valued at $185,459,000 after purchasing an additional 66,455 shares in the last quarter. Hanlon Investment Management Inc. purchased a new position in GE Vernova during the third quarter valued at approximately $1,101,000. Atria Investments Inc grew its position in GE Vernova by 127.0% during the third quarter. Atria Investments Inc now owns 5,088 shares of the company’s stock valued at $1,297,000 after purchasing an additional 2,847 shares in the last quarter. Fractal Investments LLC purchased a new position in GE Vernova during the third quarter valued at approximately $1,530,000. Finally, Legal & General Group Plc purchased a new position in GE Vernova during the second quarter valued at approximately $293,699,000.

GE Vernova Stock Performance

Shares of GEV stock opened at $437.37 on Friday. GE Vernova Inc. has a 52-week low of $115.00 and a 52-week high of $447.50. The firm has a fifty day moving average of $349.37 and a 200-day moving average of $269.42.

GE Vernova (NYSE:GEV) last announced its quarterly earnings data 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). GE Vernova had a net margin of 3.67% and a return on equity of 4.22%. The business had revenue of $10.56 billion during the quarter, compared to analyst estimates of $10.70 billion. The business’s revenue for the quarter was up 5.1% on a year-over-year basis. Sell-side analysts expect that GE Vernova Inc. will post 1.96 earnings per share for the current year.

GE Vernova declared that its Board of Directors has initiated a share repurchase plan on Tuesday, December 10th that allows the company to repurchase $6.00 billion in shares. This repurchase authorization allows the company to reacquire up to 6.7% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

GE Vernova Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 28th. Stockholders of record on Friday, December 20th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.23%. The ex-dividend date is Friday, December 20th.

Analyst Ratings Changes

Several analysts have commented on the stock. Raymond James downgraded shares of GE Vernova from an “outperform” rating to a “market perform” rating in a research report on Wednesday, October 2nd. Citigroup boosted their target price on shares of GE Vernova from $361.00 to $437.00 and gave the stock a “neutral” rating in a research report on Thursday. Hsbc Global Res downgraded shares of GE Vernova from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 4th. HSBC reissued a “hold” rating and issued a $255.00 target price (up from $240.00) on shares of GE Vernova in a research report on Friday, October 4th. Finally, The Goldman Sachs Group boosted their target price on shares of GE Vernova from $400.00 to $446.00 and gave the stock a “buy” rating in a research report on Thursday, January 16th. Seven investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $337.48.

About GE Vernova

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.