GE Vernova Inc. $GEV Shares Acquired by Banco BTG Pactual S.A.

Key Points

• Banco BTG Pactual S.A. increased its stake in GE Vernova Inc. by 968.6% in Q1, owning 10,975 shares valued at $3,350,000.
• Recent analyst reports show mixed ratings for GEV, with Bank of America raising its price target to $620 and giving a "buy" rating, while Guggenheim downgraded it to "neutral."
• GE Vernova announced a quarterly dividend of $0.25, reflecting an annualized yield of 0.2% and a payout ratio of 24.10%.

Banco BTG Pactual S.A. lifted its stake in shares of GE Vernova Inc. (NYSE:GEV - Free Report) by 968.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,975 shares of the company's stock after purchasing an additional 9,948 shares during the period. Banco BTG Pactual S.A.'s holdings in GE Vernova were worth $3,350,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Navigoe LLC acquired a new position in shares of GE Vernova during the 4th quarter worth approximately $27,000. Clarity Asset Management Inc. acquired a new position in shares of GE Vernova during the 4th quarter worth approximately $28,000. IMA Advisory Services Inc. acquired a new position in shares of GE Vernova during the 1st quarter worth approximately $27,000. Orion Capital Management LLC acquired a new position in shares of GE Vernova during the 4th quarter worth approximately $30,000. Finally, EQ Wealth Advisors LLC acquired a new position in shares of GE Vernova during the 1st quarter worth approximately $27,000.

Analyst Ratings Changes

Several analysts have recently commented on GEV shares. Mizuho lowered shares of GE Vernova from an "outperform" rating to a "neutral" rating and set a $670.00 price target on the stock. in a research report on Monday, July 28th. Susquehanna lifted their price target on shares of GE Vernova from $662.00 to $736.00 and gave the company a "positive" rating in a research report on Thursday, July 24th. Wolfe Research lowered shares of GE Vernova from an "outperform" rating to a "peer perform" rating in a research report on Friday, June 13th. Jefferies Financial Group lowered shares of GE Vernova from a "buy" rating to a "hold" rating and lifted their price target for the company from $427.00 to $517.00 in a research report on Thursday, May 29th. Finally, Robert W. Baird lifted their price target on shares of GE Vernova from $568.00 to $706.00 and gave the company an "outperform" rating in a research report on Thursday, July 24th. Four analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $560.21.

GE Vernova Stock Up 0.2%

NYSE GEV traded up $1.3380 on Thursday, reaching $605.9280. The stock had a trading volume of 2,564,701 shares, compared to its average volume of 2,682,881. The firm has a market capitalization of $164.95 billion, a price-to-earnings ratio of 146.01, a P/E/G ratio of 4.18 and a beta of 1.90. GE Vernova Inc. has a 12-month low of $173.07 and a 12-month high of $677.29. The stock has a fifty day moving average price of $574.01 and a two-hundred day moving average price of $439.65.

GE Vernova (NYSE:GEV - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The company reported $1.86 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.63 by $0.23. The company had revenue of $9.11 billion for the quarter, compared to analyst estimates of $8.78 billion. GE Vernova had a return on equity of 13.23% and a net margin of 3.16%.The firm's quarterly revenue was up 11.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $4.65 earnings per share. GE Vernova has set its FY 2025 guidance at EPS. Sell-side analysts forecast 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. Shareholders of record on Monday, July 21st were given a $0.25 dividend. The ex-dividend date of this dividend was Monday, July 21st. This represents a $1.00 dividend on an annualized basis and a yield of 0.2%. GE Vernova's payout ratio is presently 24.10%.

GE Vernova Company 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.