Robeco Schweiz AG Buys New Position in GE Vernova Inc. (NYSE:GEV)

Robeco Schweiz AG bought a new stake in shares of GE Vernova Inc. (NYSE:GEV - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,700 shares of the company's stock, valued at approximately $519,000.

Several other large investors also recently added to or reduced their stakes in the business. Golden State Wealth Management LLC lifted its holdings in GE Vernova by 201.7% during the first quarter. Golden State Wealth Management LLC now owns 1,222 shares of the company's stock valued at $373,000 after purchasing an additional 817 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in GE Vernova by 79.4% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 221,507 shares of the company's stock valued at $67,622,000 after purchasing an additional 98,034 shares in the last quarter. Grandview Asset Management LLC lifted its holdings in GE Vernova by 48.8% during the first quarter. Grandview Asset Management LLC now owns 2,149 shares of the company's stock valued at $656,000 after purchasing an additional 705 shares in the last quarter. Oppenheimer Asset Management Inc. purchased a new position in GE Vernova during the first quarter valued at approximately $328,000. Finally, GAMMA Investing LLC lifted its holdings in GE Vernova by 8.4% during the first quarter. GAMMA Investing LLC now owns 7,015 shares of the company's stock valued at $2,142,000 after purchasing an additional 542 shares in the last quarter.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. Wolfe Research downgraded shares of GE Vernova from an "outperform" rating to a "peer perform" rating in a report on Friday, June 13th. JPMorgan Chase & Co. lifted their price target on shares of GE Vernova from $430.00 to $460.00 and gave the company an "overweight" rating in a report on Friday, May 16th. Morgan Stanley boosted their target price on shares of GE Vernova from $422.00 to $511.00 and gave the stock an "overweight" rating in a report on Tuesday, June 24th. Robert W. Baird boosted their target price on shares of GE Vernova from $387.00 to $405.00 and gave the stock an "outperform" rating in a report on Thursday, April 24th. Finally, Jefferies Financial Group downgraded shares of GE Vernova from a "buy" rating to a "hold" rating and boosted their target price for the stock from $427.00 to $517.00 in a report on Thursday, May 29th. Seven investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and four have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $451.38.

GE Vernova Trading Down 0.1%

GE Vernova stock opened at $538.95 on Friday. GE Vernova Inc. has a 12-month low of $150.01 and a 12-month high of $546.65. The firm has a 50-day moving average price of $476.87 and a 200-day moving average price of $389.56. The firm has a market capitalization of $147.10 billion, a PE ratio of 77.66, a price-to-earnings-growth ratio of 4.15 and a beta of 1.86.

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

GE Vernova Dividend Announcement

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 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 0.19%. GE Vernova's payout ratio is 14.41%.

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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