154,874 Shares in GE Vernova Inc. (NYSE:GEV) Bought by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in GE Vernova Inc. (NYSE:GEV - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 154,874 shares of the company's stock, valued at approximately $50,943,000. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.06% of GE Vernova 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 GEV. Brighton Jones LLC grew its stake in GE Vernova by 29.4% in the 4th quarter. Brighton Jones LLC now owns 3,315 shares of the company's stock valued at $1,091,000 after buying an additional 753 shares during the last quarter. RFG Advisory LLC acquired a new stake in GE Vernova in the 4th quarter worth $219,000. Geneos Wealth Management Inc. acquired a new stake in GE Vernova in the 4th quarter worth $669,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its position in GE Vernova by 11.4% in the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 1,632 shares of the company's stock worth $537,000 after purchasing an additional 167 shares during the last quarter. Finally, Drive Wealth Management LLC acquired a new stake in GE Vernova in the 4th quarter worth $244,000.

GE Vernova Stock Performance

Shares of NYSE GEV traded up $0.39 during trading on Friday, reaching $471.56. The company had a trading volume of 5,090,753 shares, compared to its average volume of 3,348,350. GE Vernova Inc. has a 52 week low of $150.01 and a 52 week high of $489.13. The stock has a market cap of $128.71 billion and a PE ratio of 84.81. The business's 50 day moving average price is $371.84 and its 200-day moving average price is $355.59.

GE Vernova (NYSE:GEV - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The company reported $0.91 earnings per share for the quarter, topping analysts' consensus estimates of $0.37 by $0.54. The company had revenue of $8.03 billion during the quarter, compared to the consensus estimate of $7.56 billion. GE Vernova had a net margin of 4.44% and a return on equity of 6.70%. The company's revenue was up 10.6% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.47) earnings per share. Equities analysts anticipate that GE Vernova Inc. will post 6.59 earnings per share for the current year.

GE Vernova Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 16th. Investors of record on Friday, April 18th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.21%. The ex-dividend date was Thursday, April 17th. GE Vernova's dividend payout ratio (DPR) is 14.41%.

Analysts Set New Price Targets

Several research firms have issued reports on GEV. BMO Capital Markets raised their price target on shares of GE Vernova from $381.00 to $522.00 and gave the stock an "outperform" rating in a research report on Friday. Truist Financial set a $440.00 price target on shares of GE Vernova in a research report on Thursday, March 27th. Royal Bank of Canada decreased their price target on shares of GE Vernova from $453.00 to $445.00 and set an "outperform" rating on the stock in a research report on Tuesday, March 18th. Citigroup decreased their price target on shares of GE Vernova from $437.00 to $354.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. Finally, Robert W. Baird raised their price target on shares of GE Vernova from $387.00 to $405.00 and gave the stock an "outperform" rating in a research report on Thursday, April 24th. Seven equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and four have given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $385.78.

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.