Union Bancaire Privee UBP SA Has $1.14 Million Stock Holdings in GE Vernova Inc. $GEV

Union Bancaire Privee UBP SA trimmed its position in GE Vernova Inc. (NYSE:GEV) by 7.4% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,148 shares of the company’s stock after selling 172 shares during the quarter. Union Bancaire Privee UBP SA’s holdings in GE Vernova were worth $1,137,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Highline Wealth Partners LLC grew its holdings in GE Vernova by 34.6% in the 2nd quarter. Highline Wealth Partners LLC now owns 70 shares of the company’s stock valued at $37,000 after buying an additional 18 shares in the last quarter. Atlas Brown Inc. lifted its position in shares of GE Vernova by 0.8% during the 2nd quarter. Atlas Brown Inc. now owns 2,496 shares of the company’s stock valued at $1,321,000 after acquiring an additional 19 shares during the period. Physician Wealth Advisors Inc. lifted its position in shares of GE Vernova by 9.0% during the 2nd quarter. Physician Wealth Advisors Inc. now owns 241 shares of the company’s stock valued at $128,000 after acquiring an additional 20 shares during the period. West Branch Capital LLC lifted its position in shares of GE Vernova by 25.6% during the 2nd quarter. West Branch Capital LLC now owns 98 shares of the company’s stock valued at $52,000 after acquiring an additional 20 shares during the period. Finally, Grove Bank & Trust lifted its position in shares of GE Vernova by 16.0% during the 2nd quarter. Grove Bank & Trust now owns 167 shares of the company’s stock valued at $88,000 after acquiring an additional 23 shares during the period.

Wall Street Analysts Forecast Growth

GEV has been the subject of a number of recent analyst reports. BMO Capital Markets upped their target price on GE Vernova from $590.00 to $690.00 and gave the company an “outperform” rating in a research report on Thursday, July 24th. UBS Group initiated coverage on GE Vernova in a research report on Monday, July 7th. They set a “buy” rating and a $614.00 target price for the company. Wells Fargo & Company upped their target price on GE Vernova from $474.00 to $697.00 and gave the company an “overweight” rating in a research report on Thursday, July 24th. Susquehanna upped their target price on GE Vernova from $662.00 to $736.00 and gave the company a “positive” rating in a research report on Thursday, July 24th. Finally, Jefferies Financial Group upped their target price on GE Vernova from $658.00 to $668.00 and gave the company a “hold” rating in a research report on Friday, September 12th. Four research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $592.35.

GE Vernova Trading Up 2.0%

GE Vernova stock opened at $614.57 on Wednesday. The company has a market capitalization of $167.30 billion, a PE ratio of 148.09, a P/E/G ratio of 4.39 and a beta of 1.87. GE Vernova Inc. has a 12 month low of $248.50 and a 12 month high of $677.29. The stock has a 50-day moving average price of $625.00 and a two-hundred day moving average price of $494.32.

GE Vernova (NYSE:GEV) last posted its earnings results on Wednesday, July 23rd. The company reported $1.86 EPS for the quarter, beating the consensus estimate of $1.63 by $0.23. The firm had revenue of $9.11 billion during the quarter, compared to the consensus estimate of $8.78 billion. GE Vernova had a return on equity of 13.23% and a net margin of 3.16%.The business’s quarterly revenue was up 11.1% on a year-over-year basis. During the same period last year, the company earned $4.65 earnings per share. GE Vernova has set its FY 2025 guidance at EPS. As a group, analysts predict that GE Vernova Inc. will post 6.59 earnings per share for the current fiscal year.

GE Vernova Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, November 17th. Stockholders of record on Monday, October 20th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Monday, October 20th. This represents a $1.00 annualized dividend and a dividend yield of 0.2%. GE Vernova’s dividend payout ratio is presently 24.10%.

Insider Buying and Selling at GE Vernova

In other news, CFO Kenneth Scott Parks sold 3,300 shares of the 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 completion of the sale, the chief financial officer owned 7,590 shares of the company’s stock, valued at approximately $4,705,800. This represents a 30.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.15% of the company’s stock.

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.