UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Buys 367,150 Shares of GE Vernova Inc. $GEV

Key Points

• UBS Asset Management increased its stake in GE Vernova Inc. by 21.4%, holding over 2 million shares valued at approximately $634 million after acquiring an additional 367,150 shares.
• Brokerages have raised their price targets for GE Vernova, with Wells Fargo increasing it from $474 to $697, while Morgan Stanley adjusted theirs from $511 to $675, both giving the stock an "overweight" rating.
• GE Vernova recently announced a quarterly dividend of $0.25, which represents an annual yield of 0.2%, and has a dividend payout ratio of 24.10%.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in GE Vernova Inc. (NYSE:GEV - Free Report) by 21.4% during the first quarter, according to its most recent filing with the SEC. The fund owned 2,080,006 shares of the company's stock after buying an additional 367,150 shares during the quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned 0.76% of GE Vernova worth $634,984,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. IMA Advisory Services Inc. bought a new position in shares of GE Vernova in the first quarter worth approximately $27,000. Orion Capital Management LLC purchased a new stake in GE Vernova in the fourth quarter worth approximately $30,000. EQ Wealth Advisors LLC purchased a new stake in shares of GE Vernova during the first quarter valued at approximately $27,000. Mowery & Schoenfeld Wealth Management LLC boosted its stake in shares of GE Vernova by 115.2% during the first quarter. Mowery & Schoenfeld Wealth Management LLC now owns 99 shares of the company's stock valued at $30,000 after purchasing an additional 53 shares during the period. Finally, Saudi Central Bank purchased a new stake in shares of GE Vernova during the first quarter valued at approximately $33,000.

Analysts Set New Price Targets

A number of brokerages recently commented on GEV. Wells Fargo & Company raised their price target on GE Vernova from $474.00 to $697.00 and gave the stock an "overweight" rating in a research note on Thursday, July 24th. Morgan Stanley raised their price target on GE Vernova from $511.00 to $675.00 and gave the stock an "overweight" rating in a research note on Thursday, July 24th. Seaport Res Ptn raised GE Vernova to a "strong-buy" rating in a research note on Thursday, July 10th. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of GE Vernova in a research note on Thursday, July 24th. Finally, Mizuho lowered GE Vernova from an "outperform" rating to a "neutral" rating and set a $670.00 price target for the company. in a research note on Monday, July 28th. Four research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and nine have issued a Hold rating to the company's stock. According to MarketBeat, GE Vernova has a consensus rating of "Moderate Buy" and an average price target of $573.75.

Insider Transactions at GE Vernova

In other GE Vernova news, CFO Kenneth Scott Parks sold 3,300 shares of the firm's stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $620.00, for a total value of $2,046,000.00. Following the transaction, the chief financial officer directly owned 7,590 shares of the company's stock, valued at approximately $4,705,800. This trade represents a 30.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.15% of the company's stock.

GE Vernova Price Performance

Shares of NYSE:GEV opened at $605.65 on Wednesday. GE Vernova Inc. has a 1-year low of $199.14 and a 1-year high of $677.29. The business has a fifty day moving average price of $601.36 and a 200-day moving average price of $461.60. The company has a market capitalization of $164.87 billion, a PE ratio of 145.94, a PEG ratio of 4.15 and a beta of 1.88.

GE Vernova (NYSE:GEV - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The company reported $1.86 EPS for the quarter, topping the consensus estimate of $1.63 by $0.23. GE Vernova had a return on equity of 13.23% and a net margin of 3.16%.The company had revenue of $9.11 billion during the quarter, compared to the consensus estimate of $8.78 billion. During the same period last year, the company earned $4.65 EPS. GE Vernova's revenue for the quarter was up 11.1% on a year-over-year basis. GE Vernova has set its FY 2025 guidance at EPS. On average, sell-side analysts anticipate that GE Vernova Inc. will post 6.59 earnings per share for the current fiscal year.

GE Vernova Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, August 18th. Shareholders of record on Monday, July 21st were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend was Monday, July 21st. GE Vernova's dividend payout ratio (DPR) is presently 24.10%.

GE Vernova 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.

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