GE Vernova Inc. (NYSE:GEV) Stock Position Lessened by Denver PWM LLC

Denver PWM LLC decreased its holdings in GE Vernova Inc. (NYSE:GEV) by 29.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 314 shares of the company’s stock after selling 130 shares during the quarter. Denver PWM LLC’s holdings in GE Vernova were worth $103,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of GEV. Mountaineer Partners Management LLC bought a new position in GE Vernova during the third quarter valued at about $2,507,296,000. WCM Investment Management LLC boosted its stake in GE Vernova by 83.1% during the third quarter. WCM Investment Management LLC now owns 2,560,248 shares of the company’s stock valued at $639,704,000 after buying an additional 1,161,901 shares in the last quarter. FMR LLC boosted its stake in GE Vernova by 2.5% during the third quarter. FMR LLC now owns 24,047,678 shares of the company’s stock valued at $6,131,677,000 after buying an additional 584,208 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in GE Vernova by 34.1% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,812,192 shares of the company’s stock valued at $462,073,000 after buying an additional 460,834 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its stake in GE Vernova by 284.3% during the fourth quarter. Assenagon Asset Management S.A. now owns 617,559 shares of the company’s stock valued at $203,134,000 after buying an additional 456,879 shares in the last quarter.

Analysts Set New Price Targets

GEV has been the subject of several research reports. Marathon Capitl raised GE Vernova to a “strong-buy” rating in a research note on Friday, January 31st. Jefferies Financial Group upped their target price on GE Vernova from $348.00 to $391.00 and gave the company a “buy” rating in a report on Friday, December 13th. CICC Research assumed coverage on GE Vernova in a report on Wednesday. They set an “outperform” rating for the company. Robert W. Baird assumed coverage on GE Vernova in a report on Thursday, February 13th. They set an “outperform” rating and a $448.00 target price for the company. Finally, BMO Capital Markets upped their target price on GE Vernova from $360.00 to $420.00 and gave the company an “outperform” rating in a report on Tuesday, January 21st. Eight investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and four have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, GE Vernova has a consensus rating of “Moderate Buy” and an average target price of $350.13.

GE Vernova Stock Performance

Shares of NYSE GEV opened at $327.68 on Friday. The firm has a market cap of $90.41 billion and a price-to-earnings ratio of 58.93. The business’s 50-day simple moving average is $364.41 and its 200-day simple moving average is $300.25. GE Vernova Inc. has a 52 week low of $115.00 and a 52 week high of $447.50.

GE Vernova (NYSE:GEV) last issued its quarterly earnings data on Wednesday, January 22nd. The company reported $1.73 EPS for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.57). The company had revenue of $10.56 billion for the quarter, compared to analyst estimates of $10.70 billion. GE Vernova had a net margin of 4.44% and a return on equity of 6.70%. GE Vernova’s revenue for the quarter was up 5.1% on a year-over-year basis. As a group, equities research analysts forecast that GE Vernova Inc. will post 6.59 earnings per share for the current year.

GE Vernova Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 28th. Shareholders of record on Friday, December 20th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.31%. The ex-dividend date was Friday, December 20th. GE Vernova’s dividend payout ratio (DPR) is currently 17.99%.

GE Vernova announced that its board has initiated a share buyback plan on Tuesday, December 10th that allows the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization allows the company to reacquire up to 6.7% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.

GE Vernova Company 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.