Mitsubishi UFJ Trust & Banking Corp Trims Holdings in GE Vernova Inc. $GEV

Key Points

• Mitsubishi UFJ Trust & Banking Corp trimmed its stake in GE Vernova by 1.5% in Q4, selling 1,756 shares and ending the period with 116,537 shares valued at about $76.17 million.
• GE Vernova posted a massive quarterly beat—EPS of $17.44 vs. $1.95 expected and revenue of $9.34 billion (up 17% year-over-year), with a 23.8% net margin and 43.97% return on equity.
• The stock trades near $1,119 (50-day/200-day moving averages $904/$736), has a market cap of $300.8 billion, and carries a consensus "Moderate Buy" rating with an average price target around $1,090.76.

Mitsubishi UFJ Trust & Banking Corp trimmed its holdings in shares of GE Vernova Inc. (NYSE:GEV - Free Report) by 1.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 116,537 shares of the company's stock after selling 1,756 shares during the period. Mitsubishi UFJ Trust & Banking Corp's holdings in GE Vernova were worth $76,165,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Voisard Asset Management Group Inc. grew its position in GE Vernova by 2.7% during the 4th quarter. Voisard Asset Management Group Inc. now owns 575 shares of the company's stock worth $376,000 after purchasing an additional 15 shares during the period. Clean Yield Group lifted its holdings in shares of GE Vernova by 2.2% in the 4th quarter. Clean Yield Group now owns 685 shares of the company's stock valued at $448,000 after buying an additional 15 shares during the period. Sutton Place Investors LLC boosted its stake in shares of GE Vernova by 3.1% in the fourth quarter. Sutton Place Investors LLC now owns 531 shares of the company's stock worth $347,000 after buying an additional 16 shares during the last quarter. Washburn Capital Management Inc. grew its holdings in GE Vernova by 0.3% during the fourth quarter. Washburn Capital Management Inc. now owns 4,735 shares of the company's stock worth $3,095,000 after acquiring an additional 16 shares during the period. Finally, Evergreen Capital Management LLC raised its position in GE Vernova by 0.6% during the fourth quarter. Evergreen Capital Management LLC now owns 2,602 shares of the company's stock valued at $1,701,000 after acquiring an additional 16 shares in the last quarter.

GE Vernova Trading Down 2.6%

Shares of NYSE:GEV opened at $1,119.23 on Tuesday. The business's 50 day moving average price is $904.12 and its 200-day moving average price is $736.19. GE Vernova Inc. has a 1 year low of $357.64 and a 1 year high of $1,181.95. The firm has a market capitalization of $300.76 billion, a price-to-earnings ratio of 32.60, a price-to-earnings-growth ratio of 4.40 and a beta of 1.43. 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 results on Wednesday, April 22nd. The company reported $17.44 EPS for the quarter, topping the consensus estimate of $1.95 by $15.49. The company had revenue of $9.34 billion during the quarter, compared to analyst estimates of $9.19 billion. GE Vernova had a net margin of 23.81% and a return on equity of 43.97%. The firm's revenue was up 17.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.91 EPS. On average, equities research analysts forecast that GE Vernova Inc. will post 14.5 earnings per share for the current fiscal year.

GE Vernova Dividend Announcement

The business also recently announced 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 payout ratio is currently 5.83%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Susquehanna set a $1,300.00 target price on shares of GE Vernova in a report on Thursday. Glj Research raised their price target on shares of GE Vernova from $758.00 to $1,087.00 and gave the company a "buy" rating in a research report on Monday, January 12th. China Renaissance raised shares of GE Vernova to a "strong-buy" rating in a report on Thursday, January 29th. BNP Paribas Exane downgraded shares of GE Vernova from an "outperform" rating to a "neutral" rating and set a $1,190.00 price objective for the company. in a research report on Monday. Finally, Wells Fargo & Company increased their target price on shares of GE Vernova from $831.00 to $896.00 and gave the stock an "overweight" rating in a research note on Tuesday, March 31st. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $1,090.76.

GE Vernova Profile

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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