GE Vernova Inc. $GEV Shares Sold by Baader Bank Aktiengesellschaft

Baader Bank Aktiengesellschaft cut its stake in GE Vernova Inc. (NYSE:GEV) by 77.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 675 shares of the company’s stock after selling 2,347 shares during the period. Baader Bank Aktiengesellschaft’s holdings in GE Vernova were worth $415,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Bay Harbor Wealth Management LLC raised its stake in shares of GE Vernova by 537.5% in the 3rd quarter. Bay Harbor Wealth Management LLC now owns 51 shares of the company’s stock worth $31,000 after buying an additional 43 shares in the last quarter. Elevation Wealth Partners LLC boosted its stake in GE Vernova by 47.2% during the third quarter. Elevation Wealth Partners LLC now owns 53 shares of the company’s stock valued at $33,000 after buying an additional 17 shares in the last quarter. Deseret Mutual Benefit Administrators grew its holdings in GE Vernova by 112.0% during the third quarter. Deseret Mutual Benefit Administrators now owns 53 shares of the company’s stock worth $33,000 after acquiring an additional 28 shares during the period. WFA Asset Management Corp bought a new stake in GE Vernova in the second quarter worth about $29,000. Finally, Howard Hughes Medical Institute acquired a new stake in GE Vernova in the 2nd quarter valued at about $31,000.

GE Vernova Trading Down 0.9%

Shares of GE Vernova stock opened at $816.42 on Friday. GE Vernova Inc. has a 1 year low of $252.25 and a 1 year high of $846.00. The company has a market cap of $220.05 billion, a P/E ratio of 45.87, a P/E/G ratio of 3.28 and a beta of 1.67. The stock has a 50-day moving average price of $686.41 and a 200 day moving average price of $634.43.

GE Vernova (NYSE:GEV) last issued its earnings results on Wednesday, January 28th. The company reported $13.39 earnings per share for the quarter, beating analysts’ consensus estimates of $2.99 by $10.40. The company had revenue of $10.96 billion for the quarter, compared to the consensus estimate of $10.21 billion. GE Vernova had a return on equity of 46.91% and a net margin of 12.83%.The firm’s quarterly revenue was up 3.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.73 EPS. On average, equities analysts forecast that GE Vernova Inc. will post 6.59 earnings per share for the current fiscal year.

GE Vernova Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, February 2nd. Shareholders of record on Monday, January 5th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date was Monday, January 5th. This is a positive change from GE Vernova’s previous quarterly dividend of $0.25. GE Vernova’s payout ratio is currently 11.24%.

Analyst Ratings Changes

GEV has been the topic of several recent research reports. Barclays reaffirmed an “overweight” rating and issued a $849.00 price objective on shares of GE Vernova in a research note on Monday, February 2nd. Evercore lifted their price target on shares of GE Vernova from $860.00 to $905.00 and gave the stock an “outperform” rating in a research report on Thursday, January 29th. Robert W. Baird set a $923.00 price objective on GE Vernova and gave the company an “outperform” rating in a research report on Wednesday, February 4th. Glj Research raised their price objective on GE Vernova from $758.00 to $1,087.00 and gave the stock a “buy” rating in a research note on Monday, January 12th. Finally, JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of GE Vernova in a research report on Wednesday, December 10th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, GE Vernova currently has a consensus rating of “Moderate Buy” and an average target price of $788.24.

GE Vernova Company Profile

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.