Universal Beteiligungs und Servicegesellschaft mbH Cuts Stake in GE Vernova Inc. $GEV

Universal Beteiligungs und Servicegesellschaft mbH trimmed its holdings in GE Vernova Inc. (NYSE:GEV) by 1.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 169,377 shares of the company’s stock after selling 1,683 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.06% of GE Vernova worth $104,150,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of GEV. WFA Asset Management Corp bought a new stake in shares of GE Vernova in the 2nd quarter worth about $29,000. Howard Hughes Medical Institute bought a new position in shares of GE Vernova during the second quarter valued at approximately $31,000. Bay Harbor Wealth Management LLC lifted its stake in shares of GE Vernova by 537.5% during the 3rd quarter. Bay Harbor Wealth Management LLC now owns 51 shares of the company’s stock worth $31,000 after purchasing an additional 43 shares during the last quarter. Monetary Management Group Inc. purchased a new position in shares of GE Vernova in the 2nd quarter worth approximately $32,000. Finally, Elevation Wealth Partners LLC increased its position in shares of GE Vernova by 47.2% during the third quarter. Elevation Wealth Partners LLC now owns 53 shares of the company’s stock worth $33,000 after purchasing an additional 17 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Morgan Stanley raised their price target on shares of GE Vernova from $710.00 to $822.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 16th. Cowen reiterated a “buy” rating on shares of GE Vernova in a research report on Thursday, October 23rd. The Goldman Sachs Group raised their price objective on GE Vernova from $735.00 to $840.00 and gave the company a “buy” rating in a report on Tuesday, December 16th. Baird R W downgraded GE Vernova from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 9th. Finally, Bank of America raised their price target on shares of GE Vernova from $725.00 to $804.00 and gave the stock a “buy” rating in a report on Wednesday, December 10th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $703.04.

GE Vernova Trading Up 0.4%

Shares of NYSE GEV opened at $684.14 on Wednesday. The stock has a market cap of $185.62 billion, a P/E ratio of 111.42, a P/E/G ratio of 2.85 and a beta of 1.67. The stock has a 50 day moving average of $633.67 and a two-hundred day moving average of $615.06. GE Vernova Inc. has a twelve month low of $252.25 and a twelve month high of $731.00.

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

GE Vernova Increases Dividend

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

About GE Vernova

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.