Baader Bank Aktiengesellschaft Invests $426,000 in GE Vernova Inc. (NYSE:GEV)

Key Points

• Baader Bank Aktiengesellschaft has made a new investment in GE Vernova Inc. by purchasing 1,394 shares valued at approximately $426,000.
• Research analysts have given varying ratings for GE Vernova's stock, with Morgan Stanley and JPMorgan raising their price targets to $675.00 and $715.00 respectively, while Barclays also increased its target to $706.00.
• GE Vernova announced a $0.25 quarterly dividend, which represents an annualized yield of 0.15%, with the ex-dividend date set for July 21st.

Baader Bank Aktiengesellschaft purchased a new stake in GE Vernova Inc. (NYSE:GEV - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,394 shares of the company's stock, valued at approximately $426,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Golden State Wealth Management LLC raised its stake in GE Vernova by 201.7% during the first quarter. Golden State Wealth Management LLC now owns 1,222 shares of the company's stock valued at $373,000 after buying an additional 817 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of GE Vernova by 79.4% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 221,507 shares of the company's stock valued at $67,622,000 after acquiring an additional 98,034 shares during the last quarter. Grandview Asset Management LLC raised its position in shares of GE Vernova by 48.8% during the 1st quarter. Grandview Asset Management LLC now owns 2,149 shares of the company's stock valued at $656,000 after acquiring an additional 705 shares in the last quarter. Oppenheimer Asset Management Inc. bought a new position in GE Vernova during the first quarter worth $328,000. Finally, GAMMA Investing LLC boosted its holdings in GE Vernova by 8.4% in the first quarter. GAMMA Investing LLC now owns 7,015 shares of the company's stock worth $2,142,000 after purchasing an additional 542 shares during the period.

Analyst Upgrades and Downgrades

GEV has been the topic of a number of research reports. Morgan Stanley increased their target price on shares of GE Vernova from $511.00 to $675.00 and gave the stock an "overweight" rating in a report on Thursday, July 24th. Mizuho downgraded GE Vernova from an "outperform" rating to a "neutral" rating and set a $670.00 target price for the company. in a research note on Monday. Wells Fargo & Company raised their price target on GE Vernova from $474.00 to $697.00 and gave the stock an "overweight" rating in a report on Thursday, July 24th. Citigroup upped their price objective on GE Vernova from $544.00 to $670.00 and gave the stock a "neutral" rating in a research note on Thursday, July 24th. Finally, Barclays increased their price objective on GE Vernova from $580.00 to $706.00 and gave the stock an "overweight" rating in a report on Thursday, July 24th. Ten analysts have rated the stock with a hold rating, eighteen have issued a buy rating and four have given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $560.21.

GE Vernova Trading Down 1.1%

NYSE:GEV traded down $7.38 on Friday, hitting $652.91. 746,192 shares of the company's stock traded hands, compared to its average volume of 3,653,724. The firm has a 50-day moving average price of $526.57 and a 200-day moving average price of $413.87. The company has a market cap of $177.74 billion, a PE ratio of 156.94, a price-to-earnings-growth ratio of 4.53 and a beta of 1.86. GE Vernova Inc. has a 1 year low of $150.01 and a 1 year high of $677.29.

GE Vernova (NYSE:GEV - Get Free Report) last posted its quarterly 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. GE Vernova had a net margin of 3.16% and a return on equity of 13.23%. The business had revenue of $9.11 billion for the quarter, compared to analysts' expectations of $8.78 billion. During the same period in the previous year, the company posted $4.65 EPS. GE Vernova's revenue was up 11.1% on a year-over-year basis. On average, research analysts forecast that GE Vernova Inc. will post 6.59 EPS for the current fiscal year.

GE Vernova Announces Dividend

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

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.