GE Vernova Inc. (NYSE:GEV) Stock Holdings Cut by Union Bancaire Privee UBP SA

Union Bancaire Privee UBP SA lessened its position in shares of GE Vernova Inc. (NYSE:GEV - Free Report) by 49.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,320 shares of the company's stock after selling 2,267 shares during the period. Union Bancaire Privee UBP SA's holdings in GE Vernova were worth $653,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. MRP Capital Investments LLC acquired a new position in shares of GE Vernova during the fourth quarter worth about $25,000. Fairway Wealth LLC lifted its stake in shares of GE Vernova by 220.0% during the fourth quarter. Fairway Wealth LLC now owns 80 shares of the company's stock worth $26,000 after purchasing an additional 55 shares in the last quarter. Navigoe LLC acquired a new position in shares of GE Vernova during the fourth quarter worth about $27,000. Clarity Asset Management Inc. acquired a new position in shares of GE Vernova during the fourth quarter worth about $28,000. Finally, Pinpoint Asset Management Ltd acquired a new position in shares of GE Vernova during the fourth quarter worth about $30,000.

GE Vernova Price Performance

GEV stock traded down $9.74 on Friday, reaching $477.93. The company's stock had a trading volume of 2,432,081 shares, compared to its average volume of 3,281,303. GE Vernova Inc. has a 52 week low of $150.01 and a 52 week high of $500.72. The company has a market capitalization of $130.44 billion, a P/E ratio of 85.96, a price-to-earnings-growth ratio of 3.03 and a beta of 1.97. The firm has a fifty day moving average of $408.13 and a two-hundred day moving average of $365.62.

GE Vernova (NYSE:GEV - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The company reported $0.91 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.37 by $0.54. GE Vernova had a return on equity of 6.70% and a net margin of 4.44%. The business had revenue of $8.03 billion during the quarter, compared to analyst estimates of $7.56 billion. During the same period in the prior year, the company posted ($0.47) EPS. The business's revenue for the quarter was up 10.6% compared to the same quarter last year. As a group, equities analysts expect that GE Vernova Inc. will post 6.59 EPS for the current fiscal year.

GE Vernova Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 16th. Shareholders of record on Friday, April 18th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.21%. The ex-dividend date was Thursday, April 17th. GE Vernova's payout ratio is currently 14.41%.

Wall Street Analyst Weigh In

A number of research analysts have commented on GEV shares. Citigroup reduced their price objective on GE Vernova from $437.00 to $354.00 and set a "neutral" rating on the stock in a research note on Monday, April 14th. Wolfe Research cut GE Vernova from an "outperform" rating to a "peer perform" rating in a research note on Friday. Truist Financial set a $440.00 price target on GE Vernova in a research note on Thursday, March 27th. Susquehanna reiterated a "positive" rating and issued a $499.00 price target (up previously from $399.00) on shares of GE Vernova in a research note on Wednesday, May 14th. Finally, Jefferies Financial Group cut GE Vernova from a "buy" rating to a "hold" rating and boosted their price target for the stock from $427.00 to $517.00 in a research note on Thursday, May 29th. Eight equities research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and four have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $404.56.

GE Vernova Company 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.