AXQ Capital LP Invests in GE Vernova Inc. (NYSE:GEV)

AXQ Capital LP has made a significant move by acquiring a new stake in GE Vernova Inc. (NYSE:GEV) during the fourth quarter, as disclosed in a recent filing with the Securities and Exchange Commission. The firm purchased 755 shares of the company’s stock, which amounts to an investment of approximately $248,000.

• Honeywell’s Breakup: Is HON Stock a Sweet Deal for Investors?

In addition to AXQ Capital, several other institutional investors have also made adjustments to their holdings in GE Vernova. For instance, MRP Capital Investments LLC took a new position valued at about $25,000 during the fourth quarter. Cedar Mountain Advisors LLC increased its stake by an impressive 102.6% during the same period, now owning 77 shares valued at around $25,000 after acquiring an additional 39 shares. Fairway Wealth LLC also raised its investment by 220.0%, bringing its total to 80 shares valued at approximately $26,000 after purchasing another 55 shares. Furthermore, Pineridge Advisors LLC boosted its stake by 530.8%, now holding 82 shares valued at $27,000 following an extra purchase of 69 shares. Lastly, Asset Planning Inc entered a new position with shares valued at about $35,000.

GE Vernova Stock Overview

On Monday, GE Vernova stock opened at $334.21. The company boasts a one-year low of $119.00 and a high of $447.50. It has a market capitalization of $92.21 billion and a price-to-earnings ratio standing at 60.11. The firm’s 50-day moving average price is $352.15, while the 200-day moving average price is $319.15.

• MarketBeat Week in Review – 01/06 - 01/10

For its latest quarterly earnings report released on January 22, GE Vernova reported earnings per share (EPS) of $1.73, which fell short of the consensus estimate of $2.30 by $0.57. The company achieved a return on equity of 6.70% and a net margin of 4.44%. Its revenue for the quarter reached $10.56 billion, slightly below analysts' expectations of $10.70 billion, although this revenue reflected a 5.1% increase compared to the same quarter last year. Analysts are projecting GE Vernova to report an EPS of 6.59 for the current fiscal year.

In an effort to further enhance shareholder value, GE Vernova’s board announced a stock repurchase program on December 10, allowing for the buyback of up to $6 billion in shares. This initiative permits the company to repurchase up to 6.7% of its shares on the open market, generally indicating that the company’s management believes its shares are currently undervalued.

Analyst Insights and Ratings

• GE Vernova: The Energy Giant Powering a Multi-Year Stock Surge

Recently, GE Vernova has been the focus of various analyst reports. For example, TD Cowen recently initiated coverage, giving the stock a “buy” rating with a price target of $400.00. Truist Financial also raised its target price from $420.00 to $470.00 while maintaining its “buy” rating as of January 23. Johnson Rice initiated coverage with a “buy” rating and a price objective of $425.00. Additionally, Citigroup increased its target price from $361.00 to $437.00 while assigning a “neutral” rating on January 23. Moreover, Marathon Capital upgraded the stock to a “strong-buy” rating on January 31. A review of current recommendations shows that seven analysts rated the stock as a hold, while twenty-two rated it a buy, and four labeled it a strong buy. According to accumulated data, GE Vernova has a consensus rating of "Moderate Buy" with a price target averaging $348.72.

Explore Our Latest Stock Report on GE Vernova

About GE Vernova

GE Vernova LLC is an energy-focused company involved in electricity generation. It operates through various segments, including Power, Wind, and Electrification. The Power segment is responsible for generating and selling electricity via hydro, gas, nuclear, and steam power. The Wind segment deals with the manufacture and sale of wind turbine blades, while the Electrification segment offers grid solutions and power conversion, including solar and storage solutions.

Further Information

• Five stocks we like better than GE Vernova
• What Makes a Stock a Good Dividend Stock?
• AbbVie Stock Boosts Portfolios With Entry Into Weight Loss Market
• Growth Investing: Should You Adopt This Investing Strategy in 2022?
• 3 ETFs to Ride the VIX Surge During Market Volatility
• Options Trading - Understanding Strike Price
• Why Williams-Sonoma Will Hit Fresh Highs in 2025

Curious about other hedge funds with GEV holdings? Visit the latest 13F filings and insider trades for GE Vernova Inc. (NYSE:GEV).

This article was designed to provide timely information based on current financial data and trends.

Investment Considerations in GE Vernova

Before considering an investment in GE Vernova, it is essential to research thoroughly. Although GE Vernova has a Moderate Buy rating among analysts, other stocks may present more promising investment opportunities according to top-rated analysts. Stay informed before making any financial decisions.

View The Five Stocks Here

Investment, Stocks, Market