Pictet Asset Management Holding SA Increases Holdings in GE Vernova Inc. $GEV

Key Points

• Pictet Asset Management increased its stake in GE Vernova by 9.7%, raising holdings to 200,494 shares (0.07% ownership) valued at about $131.05 million at quarter-end.
• GE Vernova posted a blockbuster quarter with $17.44 EPS versus a $1.95 consensus and $9.34 billion in revenue (up 17% year-over-year), showing strong profitability (net margin 23.81%, ROE 43.97%).
• Analyst sentiment is largely positive — the consensus rating is a "Moderate Buy" with a consensus price target of $1,090.76, and several firms have set targets above $1,300.00.

Pictet Asset Management Holding SA lifted its position in shares of GE Vernova Inc. (NYSE:GEV - Free Report) by 9.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 200,494 shares of the company's stock after acquiring an additional 17,666 shares during the quarter. Pictet Asset Management Holding SA owned 0.07% of GE Vernova worth $131,048,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Jackson Grant Investment Advisers Inc. boosted its stake in shares of GE Vernova by 344.4% during the 3rd quarter. Jackson Grant Investment Advisers Inc. now owns 40 shares of the company's stock worth $25,000 after acquiring an additional 31 shares in the last quarter. Wealth Watch Advisors INC purchased a new stake in shares of GE Vernova during the 3rd quarter worth approximately $25,000. ORG Wealth Partners LLC boosted its stake in shares of GE Vernova by 241.7% during the 4th quarter. ORG Wealth Partners LLC now owns 41 shares of the company's stock worth $27,000 after acquiring an additional 29 shares in the last quarter. Nvest Wealth Strategies Inc. purchased a new stake in shares of GE Vernova during the 4th quarter worth approximately $33,000. Finally, Deseret Mutual Benefit Administrators boosted its stake in shares of GE Vernova by 112.0% during the 3rd quarter. Deseret Mutual Benefit Administrators now owns 53 shares of the company's stock worth $33,000 after acquiring an additional 28 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on GEV. Robert W. Baird boosted their price target on GE Vernova from $1,008.00 to $1,400.00 and gave the company an "outperform" rating in a report on Thursday, April 23rd. Argus set a $1,300.00 price target on GE Vernova in a report on Monday. Susquehanna set a $1,300.00 price target on GE Vernova in a report on Thursday. Oppenheimer set a $1,303.00 price target on GE Vernova in a report on Thursday. Finally, Mizuho set a $714.00 price target on GE Vernova in a report on Tuesday, February 3rd. Three analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $1,090.76.

GE Vernova Trading Down 2.6%

GEV stock opened at $1,119.23 on Tuesday. The company has a market cap of $300.76 billion, a price-to-earnings ratio of 32.60, a PEG ratio of 4.40 and a beta of 1.43. The company has a quick ratio of 0.65, a current ratio of 0.89 and a debt-to-equity ratio of 0.19. The business has a fifty day simple moving average of $904.12 and a 200-day simple moving average of $736.19. GE Vernova Inc. has a 52 week low of $357.64 and a 52 week high of $1,181.95.

GE Vernova (NYSE:GEV - Get Free Report) last released 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 during the quarter, compared to the consensus estimate of $9.19 billion. GE Vernova had a return on equity of 43.97% and a net margin of 23.81%.The business's revenue for the quarter was up 17.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.91 EPS. On average, equities research analysts expect that GE Vernova Inc. will post 14.5 EPS for the current year.

GE Vernova Announces Dividend

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

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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