UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Grows Stock Position in GE Vernova Inc. $GEV

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of GE Vernova Inc. (NYSE:GEV) by 21.4% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 2,080,006 shares of the company’s stock after buying an additional 367,150 shares during the quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC’s holdings in GE Vernova were worth $634,984,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Westover Capital Advisors LLC increased its stake in GE Vernova by 2.3% in the first quarter. Westover Capital Advisors LLC now owns 1,130 shares of the company’s stock worth $345,000 after purchasing an additional 25 shares during the period. SVB Wealth LLC increased its stake in GE Vernova by 0.7% in the first quarter. SVB Wealth LLC now owns 3,585 shares of the company’s stock worth $1,094,000 after purchasing an additional 26 shares during the period. Stonebridge Financial Group LLC grew its position in shares of GE Vernova by 8.9% during the 1st quarter. Stonebridge Financial Group LLC now owns 344 shares of the company’s stock worth $105,000 after buying an additional 28 shares in the last quarter. Whittier Trust Co. of Nevada Inc. grew its position in shares of GE Vernova by 0.4% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 8,510 shares of the company’s stock worth $2,598,000 after buying an additional 30 shares in the last quarter. Finally, Hemington Wealth Management grew its position in shares of GE Vernova by 20.3% during the 1st quarter. Hemington Wealth Management now owns 178 shares of the company’s stock worth $54,000 after buying an additional 30 shares in the last quarter.

Insiders Place Their Bets

In other GE Vernova news, CFO Kenneth Scott Parks sold 3,300 shares of the company’s stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $620.00, for a total transaction of $2,046,000.00. Following the sale, the chief financial officer owned 7,590 shares in the company, valued at $4,705,800. This represents a 30.30% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.15% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on GEV. Guggenheim downgraded GE Vernova from a “buy” rating to a “neutral” rating in a research report on Monday, July 28th. Wells Fargo & Company increased their price target on GE Vernova from $474.00 to $697.00 and gave the stock an “overweight” rating in a research report on Thursday, July 24th. Morgan Stanley increased their price target on GE Vernova from $511.00 to $675.00 and gave the stock an “overweight” rating in a research report on Thursday, July 24th. Royal Bank Of Canada reissued an “outperform” rating on shares of GE Vernova in a research report on Thursday, July 24th. Finally, Barclays raised their price objective on GE Vernova from $580.00 to $706.00 and gave the company an “overweight” rating in a research report on Thursday, July 24th. Four equities research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $573.75.

GE Vernova Stock Performance

NYSE GEV opened at $605.65 on Wednesday. The firm has a market capitalization of $164.87 billion, a P/E ratio of 145.94, a price-to-earnings-growth ratio of 4.15 and a beta of 1.88. GE Vernova Inc. has a fifty-two week low of $199.14 and a fifty-two week high of $677.29. The stock’s fifty day moving average is $601.36 and its two-hundred day moving average is $461.60.

GE Vernova (NYSE:GEV) last posted its earnings results on Wednesday, July 23rd. The company reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.63 by $0.23. GE Vernova had a return on equity of 13.23% and a net margin of 3.16%.The firm had revenue of $9.11 billion for the quarter, compared to analyst estimates of $8.78 billion. During the same quarter in the prior year, the company earned $4.65 EPS. GE Vernova’s revenue was up 11.1% on a year-over-year basis. GE Vernova has set its FY 2025 guidance at EPS. As a group, sell-side analysts forecast that GE Vernova Inc. will post 6.59 EPS for the current year.

GE Vernova Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, August 18th. Shareholders of record on Monday, July 21st were issued a dividend of $0.25 per share. The ex-dividend date was Monday, July 21st. This represents a $1.00 annualized dividend and a yield of 0.2%. GE Vernova’s dividend payout ratio is 24.10%.

About GE Vernova

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.