Robeco Institutional Asset Management B.V. Has $26.60 Million Stock Position in GE Vernova Inc. (NYSE:GEV)

Robeco Institutional Asset Management B.V. boosted its stake in shares of GE Vernova Inc. (NYSE:GEV - Free Report) by 5.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 87,135 shares of the company's stock after purchasing an additional 4,255 shares during the quarter. Robeco Institutional Asset Management B.V.'s holdings in GE Vernova were worth $26,601,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Brighton Jones LLC increased its holdings 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 worth $1,091,000 after purchasing an additional 753 shares during the period. Illinois Municipal Retirement Fund bought a new position in GE Vernova during the fourth quarter valued at about $789,000. Whipplewood Advisors LLC bought a new position in GE Vernova during the fourth quarter valued at about $261,000. New York Life Investment Management LLC raised its holdings in GE Vernova by 12.1% in the 4th quarter. New York Life Investment Management LLC now owns 40,932 shares of the company's stock valued at $13,464,000 after acquiring an additional 4,418 shares in the last quarter. Finally, Kovack Advisors Inc. lifted its position in shares of GE Vernova by 1.0% in the 4th quarter. Kovack Advisors Inc. now owns 3,167 shares of the company's stock worth $1,042,000 after acquiring an additional 31 shares during the period.

Analyst Ratings Changes

GEV has been the topic of a number of research reports. Truist Financial set a $440.00 price objective on GE Vernova in a research report on Thursday, March 27th. Glj Research started coverage on shares of GE Vernova in a research note on Monday, June 23rd. They set a "buy" rating on the stock. Wall Street Zen upgraded shares of GE Vernova from a "hold" rating to a "buy" rating in a research note on Friday. New Street Research set a $380.00 target price on shares of GE Vernova in a research report on Wednesday, March 5th. Finally, Susquehanna reissued a "positive" rating and issued a $499.00 target price (up previously from $399.00) on shares of GE Vernova in a research note on Wednesday, May 14th. Eight investment analysts have rated the stock with a hold rating, twenty have given a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $429.13.

GE Vernova Trading Up 2.7%

Shares of NYSE:GEV traded up $13.75 during midday trading on Friday, hitting $520.56. The company had a trading volume of 9,147,914 shares, compared to its average volume of 3,290,915. GE Vernova Inc. has a 12 month low of $150.01 and a 12 month high of $532.59. The firm has a fifty day simple moving average of $443.89 and a 200 day simple moving average of $376.74. The stock has a market cap of $142.08 billion, a price-to-earnings ratio of 75.01, a PEG ratio of 4.03 and a beta of 1.97.

GE Vernova (NYSE:GEV - Get Free Report) last released its earnings results on Wednesday, April 23rd. The company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.54. GE Vernova had a return on equity of 10.10% and a net margin of 5.42%. The firm had revenue of $8.03 billion for the quarter, compared to analyst estimates of $7.56 billion. During the same quarter in the prior year, the firm posted ($0.47) earnings per share. The company's quarterly revenue was up 10.6% on a year-over-year basis. Equities analysts forecast that GE Vernova Inc. will post 6.59 EPS for the current fiscal year.

GE Vernova Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, August 18th. Investors of record on Monday, July 21st will be given a $0.25 dividend. The ex-dividend date of this dividend is Monday, July 21st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.19%. GE Vernova's dividend payout ratio is 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.