GE Vernova Inc. $GEV Shares Sold by Geneva Partners LLC

Key Points

• Geneva Partners reduced its stake in GE Vernova by 14.5% in Q4, selling 1,454 shares and ending the quarter with 8,559 shares worth $5.62 million (about 2.0% of its portfolio and its 18th-largest holding).
• Several major institutions aggressively bought GEV—most notably Capital World Investors, which added 2,048,792 shares to hold 2,156,197 shares (~$1.326 billion), while Franklin Resources, Jennison, SG Americas and Raymond James also increased positions materially.
• GE Vernova reported a blockbuster quarter with $17.44 EPS versus $1.95 expected and $9.34B revenue, and analysts remain broadly bullish (MarketBeat average rating "Moderate Buy" and an average price target near $1,090, with several firms raising targets up to about $1,300).

Geneva Partners LLC lowered its stake in shares of GE Vernova Inc. (NYSE:GEV - Free Report) by 14.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,559 shares of the company's stock after selling 1,454 shares during the quarter. GE Vernova comprises approximately 2.0% of Geneva Partners LLC's investment portfolio, making the stock its 18th largest holding. Geneva Partners LLC's holdings in GE Vernova were worth $5,620,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of GEV. Capital World Investors increased its holdings in GE Vernova by 1,907.5% in the 3rd quarter. Capital World Investors now owns 2,156,197 shares of the company's stock worth $1,325,842,000 after buying an additional 2,048,792 shares during the period. Franklin Resources Inc. increased its holdings in GE Vernova by 170.0% in the 3rd quarter. Franklin Resources Inc. now owns 1,175,729 shares of the company's stock worth $722,956,000 after buying an additional 740,339 shares during the period. Jennison Associates LLC increased its holdings in GE Vernova by 1,300.4% in the 4th quarter. Jennison Associates LLC now owns 647,791 shares of the company's stock worth $423,377,000 after buying an additional 601,533 shares during the period. SG Americas Securities LLC increased its holdings in GE Vernova by 10,288.6% in the 4th quarter. SG Americas Securities LLC now owns 418,661 shares of the company's stock worth $273,624,000 after buying an additional 414,631 shares during the period. Finally, Raymond James Financial Inc. increased its holdings in GE Vernova by 66.0% in the 2nd quarter. Raymond James Financial Inc. now owns 944,567 shares of the company's stock worth $499,817,000 after buying an additional 375,677 shares during the period.

Analyst Upgrades and Downgrades

GEV has been the topic of several research reports. Rothschild & Co Redburn upgraded shares of GE Vernova from a "sell" rating to a "buy" rating and increased their price target for the stock from $560.00 to $1,100.00 in a report on Monday, March 9th. UBS Group reiterated a "buy" rating on shares of GE Vernova in a report on Thursday, January 29th. Citigroup increased their price target on shares of GE Vernova from $779.00 to $1,110.00 and gave the stock a "neutral" rating in a report on Monday, April 13th. Oppenheimer set a $1,303.00 price target on shares of GE Vernova in a report on Thursday, April 23rd. Finally, Guggenheim increased their price target on shares of GE Vernova from $910.00 to $1,300.00 and gave the stock a "buy" rating in a report on Thursday, April 23rd. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $1,090.76.

GE Vernova Price Performance

Shares of NYSE GEV opened at $1,044.82 on Friday. The stock has a market capitalization of $280.76 billion, a price-to-earnings ratio of 30.43, a PEG ratio of 4.19 and a beta of 1.51. GE Vernova Inc. has a 12 month low of $387.03 and a 12 month high of $1,181.95. The firm's 50 day simple moving average is $933.83 and its 200-day simple moving average is $755.75. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.89 and a quick ratio of 0.65.

GE Vernova (NYSE:GEV - Get Free Report) last issued its quarterly earnings data on Wednesday, April 22nd. The company reported $17.44 EPS for the quarter, topping analysts' consensus estimates of $1.95 by $15.49. The business had revenue of $9.34 billion for the quarter, compared to analysts' expectations of $9.19 billion. GE Vernova had a net margin of 23.81% and a return on equity of 43.97%. The business's revenue was up 17.0% on a year-over-year basis. During the same quarter last year, the company earned $0.91 EPS. Analysts expect that GE Vernova Inc. will post 14.84 EPS for the current year.

GE Vernova Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 14th. Stockholders of record on Tuesday, March 17th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Tuesday, March 17th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.2%. GE Vernova's dividend payout ratio (DPR) is presently 5.83%.

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.

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