Banco Bilbao Vizcaya Argentaria S.A. Has $1.95 Million Stake in GE Vernova Inc. $GEV

Key Points

• Banco Bilbao Vizcaya Argentaria S.A. increased its stake in GE Vernova Inc. by 12.9%, owning 6,407 shares valued at approximately $1.95 million.
• Other significant investors included GAMMA Investing LLC, which boosted its stake by over 32,000% to 2,141,539 shares worth $653.77 million during the same period.
• Analysts have varied opinions on GE Vernova's stock, with Barclays and Susquehanna raising their price targets to between $706 and $736, while others have issued neutral ratings.

Banco Bilbao Vizcaya Argentaria S.A. lifted its position in shares of GE Vernova Inc. (NYSE:GEV - Free Report) by 12.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,407 shares of the company's stock after buying an additional 733 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in GE Vernova were worth $1,954,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. GAMMA Investing LLC grew its stake in shares of GE Vernova by 32,984.2% during the 1st quarter. GAMMA Investing LLC now owns 2,141,539 shares of the company's stock worth $653,769,000 after acquiring an additional 2,135,066 shares in the last quarter. TD Asset Management Inc grew its position in GE Vernova by 627.2% in the first quarter. TD Asset Management Inc now owns 926,842 shares of the company's stock valued at $282,946,000 after purchasing an additional 799,388 shares in the last quarter. Nuveen LLC acquired a new stake in GE Vernova in the 1st quarter valued at $223,556,000. Jacobs Levy Equity Management Inc. increased its stake in GE Vernova by 148.6% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 1,155,183 shares of the company's stock valued at $379,974,000 after buying an additional 690,513 shares during the last quarter. Finally, Wellington Management Group LLP lifted its position in GE Vernova by 50.9% during the 1st quarter. Wellington Management Group LLP now owns 2,029,948 shares of the company's stock worth $619,703,000 after buying an additional 684,794 shares in the last quarter.

Analysts Set New Price Targets

Several brokerages have recently weighed in on GEV. Barclays raised their price objective on GE Vernova from $580.00 to $706.00 and gave the company an "overweight" rating in a report on Thursday, July 24th. Susquehanna boosted their price target on GE Vernova from $662.00 to $736.00 and gave the stock a "positive" rating in a research report on Thursday, July 24th. Mizuho cut GE Vernova from an "outperform" rating to a "neutral" rating and set a $670.00 price objective on the stock. in a research note on Monday, July 28th. Royal Bank Of Canada reissued an "outperform" rating on shares of GE Vernova in a research note on Thursday, July 24th. Finally, Wolfe Research downgraded shares of GE Vernova from an "outperform" rating to a "peer perform" rating in a report on Friday, June 13th. Four investment analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $560.21.

GE Vernova Price Performance

Shares of GEV opened at $605.9280 on Friday. The company's 50-day moving average is $574.01 and its 200-day moving average is $439.65. The firm has a market capitalization of $164.95 billion, a PE ratio of 146.01, a PEG ratio of 4.18 and a beta of 1.90. GE Vernova Inc. has a fifty-two week low of $173.07 and a fifty-two 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 predict that GE Vernova Inc. will post 6.59 earnings per share for the current fiscal year.

GE Vernova Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 18th. Stockholders of record on Monday, July 21st were paid a dividend of $0.25 per share. The ex-dividend date was Monday, July 21st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.2%. GE Vernova's dividend payout ratio (DPR) is 24.10%.

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.

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