Caisse DE Depot ET Placement DU Quebec Has $73.70 Million Position in GE Vernova Inc. $GEV

Key Points

• Caisse DE Depot ET Placement DU Quebec has reduced its stake in GE Vernova Inc. by 11.2%, owning $73.7 million worth of shares following the sale of 30,577 shares in the first quarter.
• Analysts have mixed views on GE Vernova, with reports indicating target prices ranging from $550 to $736, while four analysts maintain a Strong Buy rating.
• GE Vernova reported a quarterly EPS of $1.86, exceeding estimates, and announced a quarterly dividend of $0.25 per share, reflecting a 0.2% yield.

Caisse DE Depot ET Placement DU Quebec reduced its stake in shares of GE Vernova Inc. (NYSE:GEV - Free Report) by 11.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 241,400 shares of the company's stock after selling 30,577 shares during the quarter. Caisse DE Depot ET Placement DU Quebec owned 0.09% of GE Vernova worth $73,695,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of GEV. Navigoe LLC acquired a new position in GE Vernova during the fourth quarter worth $27,000. EQ Wealth Advisors LLC acquired a new position in GE Vernova during the first quarter worth $27,000. IMA Advisory Services Inc. acquired a new position in GE Vernova during the first quarter worth $27,000. Clarity Asset Management Inc. acquired a new position in GE Vernova during the fourth quarter worth $28,000. Finally, Orion Capital Management LLC acquired a new position in GE Vernova during the fourth quarter worth $30,000.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Royal Bank Of Canada reiterated an "outperform" rating on shares of GE Vernova in a research note on Thursday, July 24th. Susquehanna raised their target price on GE Vernova from $662.00 to $736.00 and gave the company a "positive" rating in a research note on Thursday, July 24th. Barclays raised their target price on GE Vernova from $580.00 to $706.00 and gave the company an "overweight" rating in a research note on Thursday, July 24th. Mizuho lowered 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, July 28th. Finally, Bank of America raised their price target on GE Vernova from $550.00 to $620.00 and gave the company a "buy" rating in a report on Thursday, July 17th. Four equities research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, GE Vernova presently has an average rating of "Moderate Buy" and a consensus price target of $560.21.

GE Vernova Trading Down 0.9%

Shares of GEV opened at $601.49 on Tuesday. GE Vernova Inc. has a 1 year low of $179.19 and a 1 year high of $677.29. The stock has a market cap of $163.74 billion, a P/E ratio of 144.94, a price-to-earnings-growth ratio of 4.20 and a beta of 1.90. The stock's 50-day moving average price is $578.85 and its two-hundred day moving average price is $443.92.

GE Vernova (NYSE:GEV - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The company reported $1.86 EPS for the quarter, topping 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%.GE Vernova's revenue was up 11.1% compared to the same quarter last year. During the same quarter last year, the firm posted $4.65 earnings per share. GE Vernova has set its FY 2025 guidance at EPS. As a group, equities analysts forecast that GE Vernova Inc. will post 6.59 EPS for the current year.

GE Vernova Announces Dividend

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

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