Westover Capital Advisors LLC Invests $363,000 in GE Vernova Inc. (NYSE:GEV)

Westover Capital Advisors LLC has acquired a new stake in GE Vernova Inc. (NYSE:GEV) during the fourth quarter. This investment was disclosed in their latest filing with the Securities and Exchange Commission. The institutional investor bought 1,105 shares of the company's stock, amounting to approximately $363,000.

Investor Activity in GE Vernova

In addition to Westover Capital Advisors, several other notable investors have recently adjusted their holdings in GE Vernova. For instance, Waverton Investment Management Ltd increased its position in GE Vernova by 10.0% in the third quarter, bringing their total shares to 727,704, valued at about $185,459,000 after acquiring an additional 66,455 shares.

Other investors include Register Financial Advisors LLC, which purchased a new stake in the company during the fourth quarter worth approximately $206,000. Meanwhile, Hanlon Investment Management Inc. bought new shares of GE Vernova valued at around $1,101,000 in the third quarter. Atria Investments Inc. also increased its holdings by 127.0% during the third quarter, now owning 5,088 shares worth $1,297,000 after acquiring an additional 2,847 shares. Additionally, GPS Wealth Strategies Group LLC raised its stake in GE Vernova by a staggering 1,126.0% in the fourth quarter, owning 895 shares valued at $294,000 following the purchase of 822 additional shares.

Wall Street Ratings

Several analysts have recently commented on GE Vernova's stock performance. Bank of America raised its price target on GE Vernova from $380.00 to $415.00, maintaining a "buy" rating. Jefferies Financial Group also raised its target price from $348.00 to $391.00, supporting a "buy" rating for the stock.

Guggenheim adjusted its rating from "buy" to "neutral," setting a price target of $380.00. In another report, TD Cowen started coverage on GE Vernova with a "buy" rating and a price objective of $400.00. On the other hand, Evercore ISI increased its target price from $385.00 to $390.00, also marking the stock as an "outperform." Currently, eight analysts have a hold rating, while twenty-one analysts recommend a buy, and four suggest a strong buy. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" with a target price of $347.83.

Market Performance of GE Vernova

As of Tuesday, GE Vernova's stock opened at $315.19, giving it a market capitalization of $86.96 billion and a price-to-earnings ratio of 56.69. The shares exhibit a 50-day moving average of $363.25 and a 200-day moving average of $307.25. The stock has seen a 52-week low at $115.00 and a high of $447.50.

Financial Results and Dividends

GE Vernova announced its quarterly earnings on January 22nd, revealing an EPS of $1.73, which fell short of analysts' expectations of $2.30 by $0.57. The company generated revenue of $10.56 billion, compared to predictions of $10.70 billion, and reported a return on equity of 6.70% with a net margin of 4.44%. Despite this, revenue increased by 5.1% compared to the same quarter last year. Analysts predict that GE Vernova will post an EPS of 6.59 for the current financial year.

The company declared a quarterly dividend paid on January 28th, amounting to $0.25 per share, which annualizes to $1.00, yielding 0.32%. The dividend payout ratio stands at 17.99%. Furthermore, GE Vernova recently approved a share buyback plan allowing the repurchase of up to $6.00 billion worth of shares, amounting to around 6.7% of its total shares. Share repurchase programs typically indicate that a company's leadership believes its stock is undervalued.

About GE Vernova

GE Vernova LLC is an energy company that focuses on electricity generation. It operates through three segments: Power, Wind, and Electrification. The Power segment is involved in generating and selling electricity through various means such as hydro, gas, nuclear, and steam power. The Wind segment manufactures and sells wind turbine blades, while the Electrification segment provides grid solutions, power conversion, solar, and storage solutions.

investment, stocks, finance