GE Vernova Inc. $GEV Shares Sold by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH reduced its holdings in shares of GE Vernova Inc. (NYSE:GEV) by 1.0% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 169,377 shares of the company’s stock after selling 1,683 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in GE Vernova were worth $104,150,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the stock. Chicago Partners Investment Group LLC grew its holdings in GE Vernova by 0.5% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 8,574 shares of the company’s stock valued at $4,895,000 after buying an additional 39 shares during the last quarter. Vest Financial LLC lifted its position in GE Vernova by 100.2% during the third quarter. Vest Financial LLC now owns 42,235 shares of the company’s stock worth $25,970,000 after buying an additional 21,138 shares during the period. Forvis Mazars Wealth Advisors LLC boosted its position in shares of GE Vernova by 0.9% in the third quarter. Forvis Mazars Wealth Advisors LLC now owns 3,525 shares of the company’s stock worth $2,168,000 after acquiring an additional 32 shares during the last quarter. Joel Isaacson & Co. LLC grew its stake in shares of GE Vernova by 2.7% during the 3rd quarter. Joel Isaacson & Co. LLC now owns 2,030 shares of the company’s stock valued at $1,248,000 after buying an additional 53 shares during the period. Finally, Waldron Private Wealth LLC grew its position in GE Vernova by 13.2% during the third quarter. Waldron Private Wealth LLC now owns 932 shares of the company’s stock valued at $573,000 after acquiring an additional 109 shares during the period.

GE Vernova Stock Performance

Shares of NYSE GEV opened at $684.14 on Wednesday. The business has a 50 day simple moving average of $633.67 and a 200 day simple moving average of $615.06. GE Vernova Inc. has a 52 week low of $252.25 and a 52 week high of $731.00. The stock has a market cap of $185.62 billion, a price-to-earnings ratio of 111.42, a PEG ratio of 2.85 and a beta of 1.67.

GE Vernova (NYSE:GEV) last announced its earnings results on Wednesday, October 22nd. The company reported $1.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.72 by ($0.08). The company had revenue of $9.97 billion for the quarter, compared to the consensus estimate of $9.15 billion. GE Vernova had a return on equity of 17.07% and a net margin of 4.52%.The firm’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.35) EPS. On average, analysts predict that GE Vernova Inc. will post 6.59 EPS for the current year.

GE Vernova Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 2nd. Stockholders of record on Monday, January 5th will be given a $0.50 dividend. This is a positive change from GE Vernova’s previous quarterly dividend of $0.25. This represents a $2.00 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend is Monday, January 5th. GE Vernova’s dividend payout ratio (DPR) is currently 32.57%.

Analysts Set New Price Targets

GEV has been the topic of several research reports. Morgan Stanley raised their price objective on GE Vernova from $710.00 to $822.00 and gave the company an “overweight” rating in a research report on Tuesday, December 16th. BMO Capital Markets raised their price target on shares of GE Vernova from $710.00 to $780.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 10th. UBS Group upped their price objective on GE Vernova from $760.00 to $835.00 and gave the stock a “buy” rating in a research note on Wednesday, December 10th. Baird R W cut GE Vernova from a “strong-buy” rating to a “hold” rating in a report on Friday, January 9th. Finally, Cowen reaffirmed a “buy” rating on shares of GE Vernova in a report on Thursday, October 23rd. Three investment analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, eight have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $703.04.

GE Vernova Profile

GE Vernova is the energy-focused company formed from the energy businesses of General Electric and operates as a publicly listed entity on the NYSE under the ticker GEV. It is organized to design, manufacture and service equipment and systems used across the power generation and energy transition value chain, bringing together legacy capabilities in conventional power, renewables and grid technologies under a single corporate platform.

The company’s offerings span large-scale power-generation equipment such as gas and steam turbines and associated generators and controls, as well as renewable energy technologies including onshore and offshore wind platforms and hydro solutions.