Fjarde AP Fonden Fourth Swedish National Pension Fund Trims Holdings in GE Vernova Inc. (NYSE:GEV)

Fjarde AP Fonden Fourth Swedish National Pension Fund trimmed its holdings in GE Vernova Inc. (NYSE:GEV) by 22.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,066 shares of the company’s stock after selling 10,600 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in GE Vernova were worth $11,863,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of GEV. Howard Capital Management Group LLC bought a new position in shares of GE Vernova during the third quarter valued at approximately $213,000. Private Advisor Group LLC grew its stake in shares of GE Vernova by 8.2% in the 3rd quarter. Private Advisor Group LLC now owns 20,098 shares of the company’s stock worth $5,125,000 after buying an additional 1,531 shares during the last quarter. Country Club Bank bought a new position in GE Vernova during the 3rd quarter valued at approximately $201,000. Forsta AP Fonden raised its stake in GE Vernova by 12.6% during the third quarter. Forsta AP Fonden now owns 57,131 shares of the company’s stock valued at $14,567,000 after buying an additional 6,400 shares during the last quarter. Finally, GHP Investment Advisors Inc. boosted its holdings in GE Vernova by 19.3% in the third quarter. GHP Investment Advisors Inc. now owns 401 shares of the company’s stock worth $102,000 after acquiring an additional 65 shares in the last quarter.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on GEV. Wolfe Research started coverage on GE Vernova in a report on Wednesday, December 4th. They set an “outperform” rating and a $403.00 price target for the company. Marathon Capitl upgraded shares of GE Vernova to a “strong-buy” rating in a research note on Friday, January 31st. Evercore ISI lifted their target price on shares of GE Vernova from $385.00 to $390.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. Johnson Rice initiated coverage on shares of GE Vernova in a report on Friday, February 7th. They set a “buy” rating and a $425.00 price target on the stock. Finally, Morgan Stanley boosted their price objective on shares of GE Vernova from $301.00 to $367.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. Eight investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and four have assigned a strong buy rating to the company’s stock. According to MarketBeat, GE Vernova presently has a consensus rating of “Moderate Buy” and a consensus target price of $350.13.

GE Vernova Trading Down 8.9 %

Shares of GEV stock opened at $327.68 on Monday. GE Vernova Inc. has a 12 month low of $115.00 and a 12 month high of $447.50. The stock has a market cap of $90.41 billion and a P/E ratio of 58.93. The company has a 50 day simple moving average of $364.41 and a two-hundred day simple moving average of $301.20.

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

GE Vernova announced that its board has approved a share repurchase program on Tuesday, December 10th that permits the company to buyback $6.00 billion in outstanding shares. This buyback authorization permits the company to reacquire up to 6.7% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s management believes its shares are undervalued.

GE Vernova Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 28th. Stockholders of record on Friday, December 20th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, December 20th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.31%. GE Vernova’s payout ratio is currently 17.99%.

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.