GE Vernova Inc. $GEV Shares Sold by Swiss National Bank

Swiss National Bank reduced its position in GE Vernova Inc. (NYSE:GEV) by 4.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 786,765 shares of the company’s stock after selling 40,700 shares during the quarter. Swiss National Bank owned approximately 0.29% of GE Vernova worth $483,782,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of GEV. Good Life Advisors LLC grew its position in shares of GE Vernova by 1.0% in the 2nd quarter. Good Life Advisors LLC now owns 1,654 shares of the company’s stock worth $875,000 after acquiring an additional 16 shares in the last quarter. Bell Investment Advisors Inc lifted its stake in GE Vernova by 6.7% during the second quarter. Bell Investment Advisors Inc now owns 256 shares of the company’s stock worth $135,000 after purchasing an additional 16 shares during the last quarter. Northwest Wealth Management LLC lifted its stake in GE Vernova by 3.6% during the third quarter. Northwest Wealth Management LLC now owns 465 shares of the company’s stock worth $286,000 after purchasing an additional 16 shares during the last quarter. Traphagen Investment Advisors LLC boosted its holdings in GE Vernova by 1.2% in the third quarter. Traphagen Investment Advisors LLC now owns 1,418 shares of the company’s stock worth $872,000 after purchasing an additional 17 shares during the period. Finally, Navigoe LLC increased its stake in GE Vernova by 20.2% during the third quarter. Navigoe LLC now owns 101 shares of the company’s stock valued at $62,000 after purchasing an additional 17 shares during the last quarter.

GE Vernova Stock Down 3.1%

GEV stock opened at $790.00 on Monday. The stock has a market cap of $212.93 billion, a PE ratio of 44.38, a price-to-earnings-growth ratio of 3.14 and a beta of 1.45. The firm’s 50-day simple moving average is $743.08 and its 200 day simple moving average is $656.48. GE Vernova Inc. has a fifty-two week low of $252.25 and a fifty-two week high of $894.93.

GE Vernova (NYSE:GEV) last posted its earnings results on Wednesday, January 28th. The company reported $13.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.99 by $10.40. GE Vernova had a net margin of 12.83% and a return on equity of 46.91%. The firm had revenue of $10.96 billion during the quarter, compared to analyst estimates of $10.21 billion. During the same period in the previous year, the business posted $1.73 EPS. GE Vernova’s revenue was up 3.8% on a year-over-year basis. Equities analysts forecast that GE Vernova Inc. will post 6.59 EPS for the current fiscal year.

GE Vernova Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 14th. Stockholders of record on Tuesday, March 17th will be given a dividend of $0.50 per share. The ex-dividend date is Tuesday, March 17th. This represents a $2.00 annualized dividend and a dividend yield of 0.3%. GE Vernova’s payout ratio is currently 11.24%.

Wall Street Analysts Forecast Growth

GEV has been the topic of a number of recent research reports. 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 research report on Wednesday, December 10th. Wells Fargo & Company increased their price objective on shares of GE Vernova from $717.00 to $831.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 16th. Barclays reissued an “overweight” rating and issued a $849.00 target price on shares of GE Vernova in a report on Monday, February 2nd. Jefferies Financial Group restated a “buy” rating and issued a $930.00 target price on shares of GE Vernova in a research note on Thursday, January 29th. Finally, William Blair reaffirmed an “outperform” rating on shares of GE Vernova in a report on Wednesday, December 10th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $805.25.

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.