Varma Mutual Pension Insurance Co Decreases Position in GE Vernova Inc. $GEV

Key Points

• Varma Mutual Pension Insurance Co reduced its stake in GE Vernova by 3.9% in Q4, selling 1,800 shares and leaving it with 43,943 shares valued at $28.72 million.
• GE Vernova delivered a massive quarterly beat with $17.44 EPS versus $1.95 expected and revenue of $9.34 billion (up 17% year-over-year), alongside strong profitability metrics (ROE 43.97%, net margin 23.81%).
• Analysts are broadly bullish—MarketBeat shows a consensus of Moderate Buy with an average target of $1,090.76, and several firms issuing targets between $1,100 and $1,400.

Varma Mutual Pension Insurance Co decreased its stake in GE Vernova Inc. (NYSE:GEV - Free Report) by 3.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 43,943 shares of the company's stock after selling 1,800 shares during the period. Varma Mutual Pension Insurance Co's holdings in GE Vernova were worth $28,720,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of GEV. Capital World Investors boosted its position in shares of GE Vernova by 1,907.5% in the third quarter. Capital World Investors now owns 2,156,197 shares of the company's stock worth $1,325,842,000 after buying an additional 2,048,792 shares during the period. Franklin Resources Inc. boosted its position in shares of GE Vernova by 170.0% in the third quarter. Franklin Resources Inc. now owns 1,175,729 shares of the company's stock worth $722,956,000 after buying an additional 740,339 shares during the period. Jennison Associates LLC boosted its position in shares of GE Vernova by 1,300.4% in the fourth quarter. Jennison Associates LLC now owns 647,791 shares of the company's stock worth $423,377,000 after buying an additional 601,533 shares during the period. SG Americas Securities LLC boosted its holdings in GE Vernova by 10,288.6% in the fourth quarter. SG Americas Securities LLC now owns 418,661 shares of the company's stock valued at $273,624,000 after purchasing an additional 414,631 shares during the last quarter. Finally, Raymond James Financial Inc. boosted its holdings in GE Vernova by 66.0% in the second quarter. Raymond James Financial Inc. now owns 944,567 shares of the company's stock valued at $499,817,000 after purchasing an additional 375,677 shares during the last quarter.

Wall Street Analyst Weigh In

GEV has been the subject of a number of analyst reports. The Goldman Sachs Group reissued a "buy" rating and issued a $1,328.00 price target on shares of GE Vernova in a report on Friday, April 24th. Rothschild & Co Redburn raised GE Vernova from a "sell" rating to a "buy" rating and increased their price target for the company from $560.00 to $1,100.00 in a report on Monday, March 9th. Robert W. Baird increased 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. Erste Group Bank raised GE Vernova to a "strong-buy" rating in a report on Tuesday, March 24th. Finally, Susquehanna set a $1,300.00 price target on GE Vernova in a report on Thursday, April 23rd. Two analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and five have given a Hold rating to the company. According to MarketBeat, GE Vernova currently has an average rating of "Moderate Buy" and a consensus target price of $1,090.76.

GE Vernova Trading Down 0.0%

Shares of NYSE GEV opened at $1,062.78 on Monday. The stock's 50 day moving average price is $919.40 and its two-hundred day moving average price is $745.60. GE Vernova Inc. has a 52-week low of $385.55 and a 52-week high of $1,181.95. The stock has a market capitalization of $285.59 billion, a P/E ratio of 30.96, a PEG ratio of 3.98 and a beta of 1.51. The company has a quick ratio of 0.65, a current ratio of 0.89 and a debt-to-equity ratio of 0.19.

GE Vernova (NYSE:GEV - Get Free Report) last announced its quarterly earnings data on Wednesday, April 22nd. The company reported $17.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.95 by $15.49. GE Vernova had a return on equity of 43.97% and a net margin of 23.81%.The firm had revenue of $9.34 billion for the quarter, compared to analysts' expectations of $9.19 billion. During the same quarter in the prior year, the firm posted $0.91 earnings per share. GE Vernova's revenue for the quarter was up 17.0% compared to the same quarter last year. On average, analysts anticipate that GE Vernova Inc. will post 14.84 earnings per share for the current fiscal year.

GE Vernova Announces Dividend

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

About GE Vernova

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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