Union Bancaire Privee UBP SA Acquires Shares of 4,587 GE Vernova Inc. (NYSE:GEV)

Union Bancaire Privee UBP SA acquired a new stake in shares of GE Vernova Inc. (NYSE:GEV) in the 4th quarter, Holdings Channel.com reports. The fund acquired 4,587 shares of the company’s stock, valued at approximately $1,446,000.

Several other hedge funds and other institutional investors have also made changes to their positions in GEV. MONECO Advisors LLC bought a new position in shares of GE Vernova in the 4th quarter valued at about $284,000. Howard Capital Management Inc. raised its position in GE Vernova by 5.1% in the 4th quarter. Howard Capital Management Inc. now owns 1,678 shares of the company’s stock worth $552,000 after purchasing an additional 81 shares during the period. WESPAC Advisors LLC purchased a new stake in GE Vernova in the 4th quarter worth about $692,000. Wealthspire Advisors LLC raised its position in GE Vernova by 8.7% in the 4th quarter. Wealthspire Advisors LLC now owns 4,989 shares of the company’s stock worth $1,641,000 after purchasing an additional 400 shares during the period. Finally, TCW Group Inc. raised its position in GE Vernova by 24.9% in the 4th quarter. TCW Group Inc. now owns 193,140 shares of the company’s stock worth $63,530,000 after purchasing an additional 38,547 shares during the period.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on GEV. Morgan Stanley increased their price objective on shares of GE Vernova from $301.00 to $367.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. JPMorgan Chase & Co. increased their price objective on shares of GE Vernova from $374.00 to $436.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. CICC Research began coverage on shares of GE Vernova in a research report on Wednesday, February 19th. They issued an “outperform” rating on the stock. The Goldman Sachs Group increased their price objective on shares of GE Vernova from $446.00 to $500.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. Finally, Guggenheim lowered shares of GE Vernova from a “buy” rating to a “neutral” rating and set a $380.00 price objective on the stock. in a research report on Friday, January 24th. Eight analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and four have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $350.13.

GE Vernova Stock Down 8.9 %

Shares of GEV opened at $327.68 on Monday. The company has a market cap of $90.41 billion and a price-to-earnings ratio of 58.93. GE Vernova Inc. has a twelve month low of $115.00 and a twelve month high of $447.50. The company has a 50 day moving average of $364.41 and a two-hundred day moving average of $301.20.

GE Vernova (NYSE:GEV) last announced its earnings results on Wednesday, January 22nd. The company reported $1.73 earnings per share for the quarter, missing the consensus estimate of $2.30 by ($0.57). The firm had revenue of $10.56 billion during 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%. The business’s revenue for the quarter was up 5.1% compared to the same quarter last year. On average, sell-side analysts expect that GE Vernova Inc. will post 6.59 EPS for the current year.

GE Vernova Dividend Announcement

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

GE Vernova announced that its Board of Directors has authorized a stock buyback plan on Tuesday, December 10th that permits the company to repurchase $6.00 billion in shares. This repurchase authorization permits the company to repurchase up to 6.7% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

GE Vernova 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.