Commerzbank Aktiengesellschaft FI Buys 826 Shares of GE Vernova Inc. (NYSE:GEV)

Commerzbank Aktiengesellschaft FI grew its holdings in GE Vernova Inc. (NYSE:GEV - Free Report) by 39.0% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 2,942 shares of the company's stock after purchasing an additional 826 shares during the period. Commerzbank Aktiengesellschaft FI's holdings in GE Vernova were worth $899,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Norges Bank bought a new position in shares of GE Vernova in the fourth quarter valued at approximately $1,109,720,000. Capital International Investors grew its holdings in GE Vernova by 25.3% during the fourth quarter. Capital International Investors now owns 14,854,297 shares of the company's stock valued at $4,886,164,000 after purchasing an additional 2,994,660 shares during the period. GAMMA Investing LLC grew its holdings in GE Vernova by 32,984.2% during the first quarter. GAMMA Investing LLC now owns 2,141,539 shares of the company's stock valued at $653,769,000 after purchasing an additional 2,135,066 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in shares of GE Vernova by 1,638.5% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,314,288 shares of the company's stock worth $432,309,000 after acquiring an additional 1,238,690 shares during the period. Finally, FMR LLC boosted its holdings in shares of GE Vernova by 3.4% in the fourth quarter. FMR LLC now owns 24,861,833 shares of the company's stock worth $8,177,803,000 after acquiring an additional 814,155 shares during the period.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on GEV shares. Morgan Stanley lifted their price objective on GE Vernova from $422.00 to $511.00 and gave the stock an "overweight" rating in a report on Tuesday, June 24th. JPMorgan Chase & Co. boosted their price objective on shares of GE Vernova from $460.00 to $620.00 and gave the stock an "overweight" rating in a research note on Wednesday. Bank of America upped their price target on GE Vernova from $550.00 to $620.00 and gave the stock a "buy" rating in a research report on Thursday. TD Cowen cut their target price on GE Vernova from $405.00 to $390.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. Finally, Citigroup reissued a "neutral" rating and set a $544.00 target price (up from $354.00) on shares of GE Vernova in a research note on Monday, July 14th. Seven research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and four have given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $468.88.

GE Vernova Trading Up 0.9%

GEV traded up $4.85 on Friday, hitting $575.02. 2,051,713 shares of the company's stock traded hands, compared to its average volume of 3,296,429. GE Vernova Inc. has a one year low of $150.01 and a one year high of $581.27. The company's 50 day simple moving average is $493.30 and its 200-day simple moving average is $397.42. The firm has a market cap of $156.94 billion, a price-to-earnings ratio of 82.86, a P/E/G ratio of 4.29 and a beta of 1.86.

GE Vernova (NYSE:GEV - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The company reported $0.91 EPS for the quarter, beating analysts' consensus estimates of $0.37 by $0.54. GE Vernova had a return on equity of 10.10% and a net margin of 5.42%. The business had revenue of $8.03 billion during the quarter, compared to analysts' expectations of $7.56 billion. During the same period in the previous year, the business earned ($0.47) earnings per share. The business's revenue was up 10.6% compared to the same quarter last year. As a group, equities analysts anticipate that GE Vernova Inc. will post 6.59 EPS for the current fiscal year.

GE Vernova Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 18th. Investors of record on Monday, July 21st will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.17%. The ex-dividend date of this dividend is Monday, July 21st. GE Vernova's dividend payout ratio is presently 14.41%.

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.