Mn Services Vermogensbeheer B.V. Grows Stock Position in GE Vernova Inc. $GEV

Key Points

• Mn Services Vermogensbeheer B.V. increased its stake in GE Vernova by 2.0% in Q4, buying 2,092 shares to hold 105,892 shares worth about $69.21 million.
• GE Vernova posted a huge quarterly beat with EPS $13.39 vs. $2.99 expected and revenue of $10.96 billion, delivering strong profitability (net margin 12.83%, ROE 46.91%).
• The stock opened at $816.15 with a market cap of $219.98 billion and a PE of 45.85; the company declared a $0.50 quarterly dividend ($2.00 annualized, 0.2% yield) and analysts hold a consensus "Moderate Buy" target of $854.52.

Mn Services Vermogensbeheer B.V. increased its stake in shares of GE Vernova Inc. (NYSE:GEV - Free Report) by 2.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 105,892 shares of the company's stock after purchasing an additional 2,092 shares during the quarter. Mn Services Vermogensbeheer B.V.'s holdings in GE Vernova were worth $69,208,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Synergy Asset Management LLC increased its stake in shares of GE Vernova by 300.0% during the third quarter. Synergy Asset Management LLC now owns 1,884 shares of the company's stock worth $1,078,000 after acquiring an additional 1,413 shares during the period. J.W. Cole Advisors Inc. lifted its position in GE Vernova by 25.3% in the third quarter. J.W. Cole Advisors Inc. now owns 16,247 shares of the company's stock valued at $9,990,000 after purchasing an additional 3,278 shares during the period. Kercheville Advisors LLC lifted its position in GE Vernova by 238.3% in the third quarter. Kercheville Advisors LLC now owns 4,905 shares of the company's stock valued at $3,016,000 after purchasing an additional 3,455 shares during the period. Rakuten Investment Management Inc. purchased a new stake in GE Vernova in the 3rd quarter valued at approximately $18,601,000. Finally, US Bancorp DE boosted its holdings in GE Vernova by 2.2% in the 3rd quarter. US Bancorp DE now owns 100,542 shares of the company's stock valued at $61,824,000 after purchasing an additional 2,163 shares in the last quarter.

GE Vernova Stock Down 4.3%

NYSE:GEV opened at $816.15 on Tuesday. GE Vernova Inc. has a 52-week low of $252.25 and a 52-week high of $948.38. The stock has a fifty day simple moving average of $805.62 and a 200-day simple moving average of $684.01. The company has a market capitalization of $219.98 billion, a PE ratio of 45.85, a price-to-earnings-growth ratio of 3.35 and a beta of 1.44.

GE Vernova (NYSE:GEV - Get Free Report) last issued its quarterly earnings data on Wednesday, January 28th. The company reported $13.39 EPS for the quarter, beating analysts' consensus estimates of $2.99 by $10.40. GE Vernova had a net margin of 12.83% and a return on equity of 46.91%. The firm had revenue of $10.96 billion for the quarter, compared to analysts' expectations of $10.21 billion. During the same period in the prior year, the company earned $1.73 EPS. The firm's revenue was up 3.8% on a year-over-year basis. As a group, 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 will be paid on Tuesday, April 14th. Stockholders of record on Tuesday, March 17th will be given a $0.50 dividend. The ex-dividend date is Tuesday, March 17th. This represents a $2.00 annualized dividend and a dividend yield of 0.2%. GE Vernova's dividend payout ratio is currently 11.24%.

Wall Street Analysts Forecast Growth

GEV has been the subject of a number of research analyst reports. Bank of America increased their price target on shares of GE Vernova from $725.00 to $804.00 and gave the company a "buy" rating in a report on Wednesday, December 10th. Citigroup boosted their price objective on shares of GE Vernova from $708.00 to $779.00 and gave the stock a "neutral" rating in a report on Thursday, January 29th. Susquehanna upped their target price on shares of GE Vernova from $800.00 to $820.00 and gave the stock a "positive" rating in a research report on Thursday, January 29th. China Renaissance raised shares of GE Vernova to a "strong-buy" rating in a report on Thursday, January 29th. Finally, JPMorgan Chase & Co. reiterated an "overweight" rating on shares of GE Vernova in a research report on Wednesday, December 10th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $854.52.

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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