V Square Quantitative Management LLC Reduces Position in GE Vernova Inc. (NYSE:GEV)

V Square Quantitative Management LLC trimmed its holdings in shares of GE Vernova Inc. (NYSE:GEV) by 37.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 635 shares of the company’s stock after selling 385 shares during the quarter. V Square Quantitative Management LLC’s holdings in GE Vernova were worth $209,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of GEV. Mountaineer Partners Management LLC purchased a new stake in shares of GE Vernova during the third quarter worth about $2,507,296,000. International Assets Investment Management LLC increased its position in shares of GE Vernova by 35,238.2% during the third quarter. International Assets Investment Management LLC now owns 1,435,792 shares of the company’s stock worth $366,098,000 after acquiring an additional 1,431,729 shares during the last quarter. WCM Investment Management LLC increased its holdings in GE Vernova by 83.1% in the third quarter. WCM Investment Management LLC now owns 2,560,248 shares of the company’s stock valued at $639,704,000 after buying an additional 1,161,901 shares during the last quarter. FMR LLC increased its holdings in GE Vernova by 2.5% in the third quarter. FMR LLC now owns 24,047,678 shares of the company’s stock valued at $6,131,677,000 after buying an additional 584,208 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in GE Vernova by 34.1% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,812,192 shares of the company’s stock valued at $462,073,000 after buying an additional 460,834 shares during the last quarter.

Wall Street Analyst Weigh In

GEV has been the subject of several research analyst reports. Baird R W raised GE Vernova to a “strong-buy” rating in a report on Thursday, February 13th. William Blair reissued an “outperform” rating on shares of GE Vernova in a report on Thursday, January 23rd. Guggenheim lowered GE Vernova from a “buy” rating to a “neutral” rating and set a $380.00 price objective for the company. in a report on Friday, January 24th. Marathon Capitl raised GE Vernova to a “strong-buy” rating in a report on Friday, January 31st. Finally, Wolfe Research began coverage on GE Vernova in a report on Wednesday, December 4th. They set an “outperform” rating and a $403.00 target price for the company. Eight equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and four have given a strong buy rating to the company. Based on data from MarketBeat.com, GE Vernova presently has a consensus rating of “Moderate Buy” and a consensus target price of $350.13.

GE Vernova Price Performance

GEV opened at $367.43 on Tuesday. The company has a market capitalization of $101.28 billion and a price-to-earnings ratio of 66.08. GE Vernova Inc. has a 1-year low of $115.00 and a 1-year high of $447.50. The business has a 50 day moving average price of $361.74 and a two-hundred day moving average price of $294.36.

GE Vernova (NYSE:GEV) last released its earnings results on Wednesday, January 22nd. The company reported $1.73 earnings per share for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.57). The firm had revenue of $10.56 billion during the quarter, compared to analyst estimates of $10.70 billion. GE Vernova had a return on equity of 6.70% and a net margin of 4.44%. The business’s revenue for the quarter was up 5.1% compared to the same quarter last year. Equities analysts expect that GE Vernova Inc. will post 6.59 EPS for the current fiscal year.

GE Vernova announced that its Board of Directors has approved a share repurchase plan on Tuesday, December 10th that authorizes the company to buyback $6.00 billion in shares. This buyback authorization authorizes the company to reacquire up to 6.7% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board believes its shares are undervalued.

GE Vernova Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 28th. Shareholders of record on Friday, December 20th were given a $0.25 dividend. The ex-dividend date of this dividend was Friday, December 20th. This represents a $1.00 dividend on an annualized basis and a yield of 0.27%. GE Vernova’s dividend payout ratio (DPR) is 17.99%.

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.