Mizuho Securities USA LLC Reduces Stock Position in GE Vernova Inc. (NYSE:GEV)

Key Points

• Mizuho Securities USA LLC has decreased its stake in GE Vernova Inc. by **15.4%**, selling 4,035 shares, and now holds 22,091 shares valued at about **$6.74 million**.
• GE Vernova reported a **quarterly earnings** per share of **$1.86**, exceeding estimates, with revenues of **$9.11 billion**, a year-over-year increase of **11.1%**.
• The company announced a quarterly dividend of **$0.25 per share**, reflecting an annual yield of **0.2%** and a payout ratio of **24.10%**.

Mizuho Securities USA LLC lessened its stake in shares of GE Vernova Inc. (NYSE:GEV - Free Report) by 15.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,091 shares of the company's stock after selling 4,035 shares during the quarter. Mizuho Securities USA LLC's holdings in GE Vernova were worth $6,744,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Navigoe LLC acquired a new stake in GE Vernova in the 4th quarter worth about $27,000. EQ Wealth Advisors LLC acquired a new stake in GE Vernova in the 1st quarter worth about $27,000. IMA Advisory Services Inc. acquired a new stake in GE Vernova in the 1st quarter worth about $27,000. Clarity Asset Management Inc. acquired a new stake in GE Vernova in the 4th quarter worth about $28,000. Finally, Orion Capital Management LLC acquired a new stake in GE Vernova in the 4th quarter worth about $30,000.

GE Vernova Stock Performance

Shares of NYSE:GEV opened at $648.94 on Friday. The company has a market cap of $176.65 billion, a P/E ratio of 156.37, a PEG ratio of 4.49 and a beta of 1.90. GE Vernova Inc. has a one year low of $172.60 and a one year high of $677.29. The business's 50-day simple moving average is $548.53 and its 200 day simple moving average is $424.54.

GE Vernova (NYSE:GEV - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The company reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.63 by $0.23. GE Vernova had a return on equity of 13.23% and a net margin of 3.16%. The company had revenue of $9.11 billion for the quarter, compared to the consensus estimate of $8.78 billion. During the same period in the previous year, the business earned $4.65 EPS. GE Vernova's revenue for the quarter was up 11.1% compared to the same quarter last year. Analysts predict that GE Vernova Inc. will post 6.59 earnings per share for the current year.

GE Vernova Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 18th. Shareholders of record on Monday, July 21st will be issued a dividend of $0.25 per share. The ex-dividend date is Monday, July 21st. This represents a $1.00 annualized dividend and a yield of 0.2%. GE Vernova's payout ratio is currently 24.10%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on GEV. Seaport Res Ptn raised GE Vernova to a "strong-buy" rating in a research note on Thursday, July 10th. Morgan Stanley raised their price target on GE Vernova from $511.00 to $675.00 and gave the stock an "overweight" rating in a research note on Thursday, July 24th. Wall Street Zen lowered GE Vernova from a "buy" rating to a "hold" rating in a research note on Saturday, July 26th. Susquehanna lifted their price objective on GE Vernova from $662.00 to $736.00 and gave the company a "positive" rating in a research note on Thursday, July 24th. Finally, Citigroup lifted their price objective on GE Vernova from $544.00 to $670.00 and gave the company a "neutral" rating in a research note on Thursday, July 24th. Ten 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 company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $560.21.

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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