Goldman Sachs Group Inc. increased its position in shares of GE Vernova Inc. (NYSE:GEV - Free Report) by 7.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,129,958 shares of the company's stock after buying an additional 214,483 shares during the period. Goldman Sachs Group Inc. owned 1.15% of GE Vernova worth $955,513,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in GEV. Brighton Jones LLC grew its position in shares of GE Vernova by 29.4% during the 4th quarter. Brighton Jones LLC now owns 3,315 shares of the company's stock valued at $1,091,000 after acquiring an additional 753 shares during the period. American Assets Inc. purchased a new position in GE Vernova during the fourth quarter worth approximately $658,000. Cerity Partners LLC grew its holdings in GE Vernova by 3.1% in the fourth quarter. Cerity Partners LLC now owns 55,200 shares of the company's stock valued at $17,290,000 after purchasing an additional 1,667 shares during the period. Invesco Ltd. grew its holdings in GE Vernova by 42.8% in the fourth quarter. Invesco Ltd. now owns 1,555,275 shares of the company's stock valued at $511,577,000 after purchasing an additional 466,202 shares during the period. Finally, Bank of Nova Scotia increased its position in shares of GE Vernova by 123.8% in the fourth quarter. Bank of Nova Scotia now owns 79,667 shares of the company's stock valued at $26,205,000 after buying an additional 44,074 shares in the last quarter.
GE Vernova Price Performance
NYSE:GEV opened at $663.81 on Thursday. The company's 50-day moving average is $541.50 and its two-hundred day moving average is $421.27. GE Vernova Inc. has a 1-year low of $164.69 and a 1-year high of $677.29. The firm has a market capitalization of $180.70 billion, a price-to-earnings ratio of 159.95, a PEG ratio of 4.49 and a beta of 1.90.
GE Vernova (NYSE:GEV - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The company reported $1.86 EPS for the quarter, beating analysts' consensus estimates of $1.63 by $0.23. The firm had revenue of $9.11 billion for the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same period in the prior year, the firm posted $4.65 earnings per share. As a group, equities analysts anticipate that GE Vernova Inc. will post 6.59 earnings per share for the current fiscal year.
GE Vernova Announces Dividend
The firm 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 dividend yield of 0.2%. The ex-dividend date of this dividend is Monday, July 21st. GE Vernova's dividend payout ratio (DPR) is presently 24.10%.
Analyst Upgrades and Downgrades
GEV has been the topic of a number of recent analyst reports. Guggenheim lowered GE Vernova from a "buy" rating to a "neutral" rating in a research report on Monday, July 28th. Susquehanna lifted their target price 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. Citigroup upped their price target on shares of GE Vernova from $544.00 to $670.00 and gave the stock a "neutral" rating in a research report on Thursday, July 24th. Bank of America lifted their price objective on GE Vernova from $550.00 to $620.00 and gave the stock a "buy" rating in a report on Thursday, July 17th. Finally, Wells Fargo & Company increased their target price on GE Vernova from $474.00 to $697.00 and gave the company an "overweight" rating in a report on Thursday, July 24th. Ten investment 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 stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $560.21.
Check Out Our Latest Report on GE Vernova
About GE Vernova
(
Free Report)
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.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider GE Vernova, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and GE Vernova wasn't on the list.
While GE Vernova currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat's analysts have just released their top five short plays for August 2025. Learn which stocks have the most short interest and how to trade them. Enter your email address to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
