Mizuho Securities USA LLC Buys 8,307 Shares of GE Vernova Inc. (NYSE:GEV)

Mizuho Securities USA LLC boosted its stake in shares of GE Vernova Inc. (NYSE:GEV) by 46.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 26,126 shares of the company’s stock after acquiring an additional 8,307 shares during the quarter. Mizuho Securities USA LLC’s holdings in GE Vernova were worth $8,594,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. MRP Capital Investments LLC purchased a new position in shares of GE Vernova during the fourth quarter valued at approximately $25,000. Cedar Mountain Advisors LLC boosted its position in shares of GE Vernova by 102.6% during the fourth quarter. Cedar Mountain Advisors LLC now owns 77 shares of the company’s stock valued at $25,000 after buying an additional 39 shares during the period. Fairway Wealth LLC boosted its position in shares of GE Vernova by 220.0% during the fourth quarter. Fairway Wealth LLC now owns 80 shares of the company’s stock valued at $26,000 after buying an additional 55 shares during the period. Pineridge Advisors LLC boosted its position in shares of GE Vernova by 530.8% during the fourth quarter. Pineridge Advisors LLC now owns 82 shares of the company’s stock valued at $27,000 after buying an additional 69 shares during the period. Finally, Asset Planning Inc purchased a new position in shares of GE Vernova during the fourth quarter valued at approximately $35,000.

GE Vernova Trading Down 0.8 %

Shares of GEV stock opened at $334.21 on Friday. The business’s fifty day simple moving average is $352.15 and its 200-day simple moving average is $317.44. The company has a market cap of $92.21 billion and a PE ratio of 60.11. GE Vernova Inc. has a 12-month low of $119.00 and a 12-month high of $447.50.

GE Vernova (NYSE:GEV) last issued its quarterly earnings results 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). The business had revenue of $10.56 billion for the quarter, compared to analyst estimates of $10.70 billion. GE Vernova had a return on equity of 6.70% and a net margin of 4.44%. The firm’s revenue was up 5.1% compared to the same quarter last year. On average, equities analysts forecast 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 repurchase plan on Tuesday, December 10th that permits the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization permits the company to purchase up to 6.7% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

GEV has been the subject of several recent analyst reports. Robert W. Baird initiated coverage on GE Vernova in a research report on Thursday, February 13th. They set an “outperform” rating and a $448.00 target price for the company. Bank of America boosted their price target on GE Vernova from $380.00 to $415.00 and gave the company a “buy” rating in a report on Tuesday, January 14th. Wells Fargo & Company boosted their price target on GE Vernova from $385.00 to $411.00 and gave the company an “overweight” rating in a report on Friday, December 13th. JPMorgan Chase & Co. boosted 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. Finally, Truist Financial boosted 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. Seven equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and four have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $348.72.

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.