GE Vernova Inc. (NYSE:GEV) Shares Sold by Schnieders Capital Management LLC

Schnieders Capital Management LLC decreased its position in GE Vernova Inc. (NYSE:GEV) by 5.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,727 shares of the company’s stock after selling 104 shares during the quarter. Schnieders Capital Management LLC’s holdings in GE Vernova were worth $568,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the company. Whipplewood Advisors LLC acquired a new position in GE Vernova in the 4th quarter valued at about $261,000. Oregon Public Employees Retirement Fund raised its stake in GE Vernova by 0.7% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 23,633 shares of the company’s stock valued at $7,774,000 after purchasing an additional 159 shares during the last quarter. Advisor OS LLC grew its holdings in GE Vernova by 26.8% in the 4th quarter. Advisor OS LLC now owns 1,362 shares of the company’s stock valued at $448,000 after buying an additional 288 shares during the period. Longbow Finance SA purchased a new stake in GE Vernova in the 4th quarter valued at about $8,964,000. Finally, Illinois Municipal Retirement Fund purchased a new stake in GE Vernova in the 4th quarter valued at about $789,000.

Wall Street Analysts Forecast Growth

GEV has been the subject of several recent analyst reports. JPMorgan Chase & Co. lifted their price target on GE Vernova from $374.00 to $436.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. BMO Capital Markets lifted their price target on GE Vernova from $360.00 to $420.00 and gave the company an “outperform” rating in a report on Tuesday, January 21st. Baird R W upgraded GE Vernova to a “strong-buy” rating in a report on Thursday, February 13th. Barclays lifted their price target on GE Vernova from $420.00 to $487.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Finally, Truist Financial lifted their price target on GE Vernova from $420.00 to $470.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. Eight analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and four have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $350.13.

GE Vernova Price Performance

Shares of GEV opened at $335.15 on Thursday. GE Vernova Inc. has a 12 month low of $115.00 and a 12 month high of $447.50. The company has a market cap of $92.47 billion and a P/E ratio of 60.28. The stock has a fifty day moving average price of $364.13 and a 200 day moving average price of $303.37.

GE Vernova (NYSE:GEV) last released 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). GE Vernova had a return on equity of 6.70% and a net margin of 4.44%. The business had revenue of $10.56 billion during the quarter, compared to the consensus estimate of $10.70 billion. GE Vernova’s revenue for the quarter was up 5.1% compared to the same quarter last year. As a group, research analysts anticipate that GE Vernova Inc. will post 6.59 earnings per share for the current year.

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

GE Vernova Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 28th. Stockholders of record on Friday, December 20th were paid a $0.25 dividend. The ex-dividend date of this dividend was Friday, December 20th. This represents a $1.00 annualized dividend and a dividend yield of 0.30%. GE Vernova’s payout ratio is 17.99%.

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.