DSM Capital Partners LLC Has $49.79 Million Holdings in GE Vernova Inc. (NYSE:GEV)

DSM Capital Partners LLC increased its position in shares of GE Vernova Inc. (NYSE:GEV - Free Report) by 0.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 151,382 shares of the company's stock after acquiring an additional 859 shares during the quarter. GE Vernova accounts for about 0.8% of DSM Capital Partners LLC's holdings, making the stock its 24th largest position. DSM Capital Partners LLC owned approximately 0.05% of GE Vernova worth $49,794,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in GEV. Armstrong Advisory Group Inc. increased its stake in GE Vernova by 3.5% in the 4th quarter. Armstrong Advisory Group Inc. now owns 798 shares of the company's stock valued at $262,000 after buying an additional 27 shares during the period. Hengehold Capital Management LLC grew its position in GE Vernova by 2.4% in the fourth quarter. Hengehold Capital Management LLC now owns 1,231 shares of the company's stock worth $405,000 after acquiring an additional 29 shares in the last quarter. AdvisorNet Financial Inc grew its position in GE Vernova by 1.6% in the fourth quarter. AdvisorNet Financial Inc now owns 1,859 shares of the company's stock worth $611,000 after acquiring an additional 30 shares in the last quarter. Mutual Advisors LLC grew its position in GE Vernova by 1.2% in the fourth quarter. Mutual Advisors LLC now owns 2,701 shares of the company's stock worth $888,000 after acquiring an additional 31 shares in the last quarter. Finally, WASHINGTON TRUST Co grew its position in GE Vernova by 1.9% in the fourth quarter. WASHINGTON TRUST Co now owns 1,702 shares of the company's stock worth $560,000 after acquiring an additional 31 shares in the last quarter.

GE Vernova Trading Down 8.9 %

Shares of GE Vernova stock traded down $32.00 during mid-day trading on Friday, reaching $327.68. 6,959,273 shares of the stock were exchanged, compared to its average volume of 3,723,897. The company has a market cap of $90.41 billion and a price-to-earnings ratio of 58.93. The firm has a 50-day simple moving average of $364.41 and a 200 day simple moving average of $299.31. GE Vernova Inc. has a fifty-two week low of $115.00 and a fifty-two week high of $447.50.

GE Vernova (NYSE:GEV - Get Free Report) last announced its earnings results on Wednesday, January 22nd. The company reported $1.73 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.30 by ($0.57). The firm had revenue of $10.56 billion for 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 company's quarterly revenue was up 5.1% on a year-over-year basis. On average, research analysts predict that GE Vernova Inc. will post 6.59 EPS for the current fiscal year.

GE Vernova Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 28th. Investors of record on Friday, December 20th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.31%. The ex-dividend date of this dividend was Friday, December 20th. GE Vernova's dividend payout ratio (DPR) is currently 17.99%.

GE Vernova announced that its board has authorized a stock repurchase plan on Tuesday, December 10th that authorizes the company to repurchase $6.00 billion in shares. This repurchase authorization authorizes the company to reacquire up to 6.7% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's management believes its stock is undervalued.

Analyst Upgrades and Downgrades

GEV has been the subject of several recent research reports. Wells Fargo & Company boosted their target price on shares of GE Vernova from $385.00 to $411.00 and gave the stock an "overweight" rating in a research report on Friday, December 13th. Citigroup boosted their target price on shares of GE Vernova from $361.00 to $437.00 and gave the stock a "neutral" rating in a research report on Thursday, January 23rd. Marathon Capitl raised shares of GE Vernova to a "strong-buy" rating in a research report on Friday, January 31st. Evercore ISI upped their price objective on shares of GE Vernova from $385.00 to $390.00 and gave the stock an "outperform" rating in a report on Wednesday, December 11th. Finally, The Goldman Sachs Group upped their price objective on shares of GE Vernova from $446.00 to $500.00 and gave the stock a "buy" rating in a report on Friday, January 24th. Eight equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and four have given a strong buy rating to the stock. Based on data from MarketBeat, GE Vernova currently has a consensus rating of "Moderate Buy" and a consensus target price of $350.13.

About GE Vernova

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.