Northwestern Mutual Wealth Management Co. Has $10.68 Million Stock Position in GE Vernova Inc. $GEV

Key Points

• Northwestern Mutual Wealth Management Co. increased its holdings in GE Vernova Inc. by 114.2% during the first quarter, raising their stock position to approximately $10.68 million.
• Analysts have varying ratings for GE Vernova, with four analysts issuing a Strong Buy rating and a consensus target price of $560.21.
• GE Vernova recently declared a quarterly dividend of $0.25 per share, representing a 0.2% annual yield, with a payout ratio currently at 24.10%.

Northwestern Mutual Wealth Management Co. raised its holdings in GE Vernova Inc. (NYSE:GEV - Free Report) by 114.2% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 34,970 shares of the company's stock after buying an additional 18,643 shares during the quarter. Northwestern Mutual Wealth Management Co.'s holdings in GE Vernova were worth $10,676,000 at the end of the most recent quarter.

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

Analyst Ratings Changes

A number of analysts have commented on the company. Jefferies Financial Group downgraded GE Vernova from a "buy" rating to a "hold" rating and raised their price objective for the stock from $427.00 to $517.00 in a research report on Thursday, May 29th. Bank of America raised their price objective on GE Vernova from $550.00 to $620.00 and gave the stock a "buy" rating in a research report on Thursday, July 17th. UBS Group assumed coverage on GE Vernova in a research report on Monday, July 7th. They issued a "buy" rating and a $614.00 price objective for the company. Susquehanna raised their price objective on GE Vernova from $662.00 to $736.00 and gave the stock a "positive" rating in a research report on Thursday, July 24th. Finally, Wells Fargo & Company raised their price objective on GE Vernova from $474.00 to $697.00 and gave the stock an "overweight" rating in a research report on Thursday, July 24th. Four analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and nine have issued a Hold rating to the company's stock. Based on data from MarketBeat, GE Vernova currently has a consensus rating of "Moderate Buy" and a consensus target price of $560.21.

GE Vernova Price Performance

GE Vernova stock opened at $601.49 on Tuesday. The company has a market capitalization of $163.74 billion, a PE ratio of 144.94, a price-to-earnings-growth ratio of 4.20 and a beta of 1.90. GE Vernova Inc. has a one year low of $179.19 and a one year high of $677.29. The business has a 50 day simple moving average of $578.85 and a 200 day simple moving average of $443.92.

GE Vernova (NYSE:GEV - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The company reported $1.86 EPS for the quarter, topping the consensus estimate of $1.63 by $0.23. The business had revenue of $9.11 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter last year, the company earned $4.65 EPS. GE Vernova has set its FY 2025 guidance at EPS. Equities analysts anticipate that GE Vernova Inc. will post 6.59 earnings per share for the current fiscal year.

GE Vernova Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, August 18th. Investors of record on Monday, July 21st were issued a dividend of $0.25 per share. 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 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.

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