B. Metzler seel. Sohn & Co. AG Has $6.01 Million Position in GE Vernova Inc. $GEV

Key Points

• B. Metzler seel. Sohn & Co. AG increased its holdings in GE Vernova Inc. by 55.9% in the first quarter, bringing its total investment to $6.01 million.
• GE Vernova's stock has received mixed ratings from analysts, with four analysts giving a Strong Buy rating and an average target price of $560.21.
• The company reported $1.86 earnings per share for the last quarter, exceeding analyst expectations and demonstrating a year-over-year revenue growth of 11.1%.

B. Metzler seel. Sohn & Co. AG boosted its holdings in GE Vernova Inc. (NYSE:GEV - Free Report) by 55.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,698 shares of the company's stock after purchasing an additional 7,060 shares during the period. B. Metzler seel. Sohn & Co. AG's holdings in GE Vernova were worth $6,013,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Navigoe LLC bought a new position in GE Vernova in the fourth quarter valued at $27,000. Clarity Asset Management Inc. bought a new position in GE Vernova in the fourth quarter valued at $28,000. IMA Advisory Services Inc. bought a new position in GE Vernova in the first quarter valued at $27,000. Orion Capital Management LLC bought a new position in GE Vernova in the fourth quarter valued at $30,000. Finally, EQ Wealth Advisors LLC bought a new position in shares of GE Vernova in the 1st quarter valued at about $27,000.

Insiders Place Their Bets

In other GE Vernova news, CFO Kenneth Scott Parks sold 3,300 shares of GE Vernova stock in a transaction dated Tuesday, August 26th. The shares were 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 in the company, valued at $4,705,800. The trade was a 30.30% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.15% of the stock is owned by company insiders.

GE Vernova Stock Performance

Shares of GEV stock traded down $19.09 during midday trading on Friday, hitting $614.60. 2,264,673 shares of the company were exchanged, compared to its average volume of 2,432,720. The firm has a market capitalization of $167.31 billion, a P/E ratio of 148.10, a PEG ratio of 4.24 and a beta of 1.90. The firm's 50 day moving average price is $589.73 and its two-hundred day moving average price is $450.37. GE Vernova Inc. has a 52 week low of $185.35 and a 52 week high of $677.29.

GE Vernova (NYSE:GEV - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The company reported $1.86 EPS for the quarter, topping the consensus estimate of $1.63 by $0.23. The business had revenue of $9.11 billion during the quarter, compared to the consensus estimate of $8.78 billion. GE Vernova had a net margin of 3.16% and a return on equity of 13.23%. GE Vernova's revenue was up 11.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.65 EPS. GE Vernova has set its FY 2025 guidance at EPS. Analysts expect that GE Vernova Inc. will post 6.59 EPS for the current year.

GE Vernova Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 18th. Shareholders of record on Monday, July 21st were paid a $0.25 dividend. The ex-dividend date was Monday, July 21st. This represents a $1.00 annualized dividend and a yield of 0.2%. GE Vernova's payout ratio is 24.10%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on GEV shares. Guggenheim downgraded shares of GE Vernova from a "buy" rating to a "neutral" rating in a research report on Monday, July 28th. Mizuho downgraded shares of GE Vernova from an "outperform" rating to a "neutral" rating and set a $670.00 price objective for the company. in a research report on Monday, July 28th. BMO Capital Markets lifted their price objective on shares of GE Vernova from $590.00 to $690.00 and gave the company an "outperform" rating in a research report on Thursday, July 24th. The Goldman Sachs Group lifted their price objective on shares of GE Vernova from $500.00 to $570.00 and gave the company a "buy" rating in a research report on Tuesday, June 10th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of GE Vernova from $620.00 to $715.00 and gave the company an "overweight" rating in a research report on Thursday, July 24th. Four equities research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $560.21.

GE Vernova 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.