Tandem Capital Management Corp ADV Has $3.78 Million Position in GE Vernova Inc. (NYSE:GEV)

Tandem Capital Management Corp ADV trimmed its stake in GE Vernova Inc. (NYSE:GEV) by 2.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,485 shares of the company’s stock after selling 246 shares during the quarter. GE Vernova comprises about 2.0% of Tandem Capital Management Corp ADV’s holdings, making the stock its 14th biggest position. Tandem Capital Management Corp ADV’s holdings in GE Vernova were worth $3,778,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of GEV. Calamos Wealth Management LLC grew its stake in shares of GE Vernova by 19.1% in the 4th quarter. Calamos Wealth Management LLC now owns 3,138 shares of the company’s stock valued at $1,032,000 after buying an additional 504 shares during the period. Calamos Advisors LLC grew its stake in GE Vernova by 16.1% in the fourth quarter. Calamos Advisors LLC now owns 94,072 shares of the company’s stock valued at $30,943,000 after acquiring an additional 13,025 shares during the period. Trust Point Inc. grew its stake in GE Vernova by 16.6% in the fourth quarter. Trust Point Inc. now owns 1,852 shares of the company’s stock valued at $609,000 after acquiring an additional 264 shares during the period. Childress Capital Advisors LLC increased its holdings in shares of GE Vernova by 31.9% during the fourth quarter. Childress Capital Advisors LLC now owns 1,165 shares of the company’s stock valued at $383,000 after acquiring an additional 282 shares in the last quarter. Finally, Fourpath Capital Management LLC raised its position in shares of GE Vernova by 10.1% during the fourth quarter. Fourpath Capital Management LLC now owns 612 shares of the company’s stock worth $201,000 after purchasing an additional 56 shares during the period.

Wall Street Analyst Weigh In

Several research firms have weighed in on GEV. Wells Fargo & Company upped their price objective on shares of GE Vernova from $385.00 to $411.00 and gave the stock an “overweight” rating in a report on Friday, December 13th. Royal Bank of Canada reiterated an “outperform” rating and set a $453.00 price target on shares of GE Vernova in a research note on Tuesday, January 28th. Marathon Capitl upgraded GE Vernova to a “strong-buy” rating in a report on Friday. TD Cowen started coverage on GE Vernova in a research report on Thursday, December 5th. They issued a “buy” rating and a $400.00 price target for the company. Finally, Barclays lifted their price objective on shares of GE Vernova from $420.00 to $487.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. Eight analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $342.94.

GE Vernova Stock Down 3.2 %

Shares of NYSE GEV opened at $361.01 on Tuesday. The company has a market cap of $99.51 billion and a P/E ratio of 64.93. GE Vernova Inc. has a 52 week low of $115.00 and a 52 week high of $447.50. The business has a 50-day simple moving average of $355.29 and a two-hundred day simple moving average of $280.05.

GE Vernova (NYSE:GEV) last issued its quarterly earnings data on Wednesday, January 22nd. The company reported $1.73 EPS for the quarter, missing the consensus estimate of $2.30 by ($0.57). The firm had revenue of $10.56 billion for the quarter, compared to analysts’ expectations of $10.70 billion. GE Vernova had a net margin of 4.44% and a return on equity of 6.70%. The firm’s quarterly revenue was up 5.1% compared to the same quarter last year. Equities research analysts anticipate that GE Vernova Inc. will post 6.33 EPS for the current year.

GE Vernova Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 28th. Stockholders of record on Friday, December 20th were issued a $0.25 dividend. The ex-dividend date was Friday, December 20th. This represents a $1.00 annualized dividend and a dividend yield of 0.28%. GE Vernova’s payout ratio is currently 17.99%.

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

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.