Siemens Fonds Invest GmbH Decreases Holdings in GE Vernova Inc. (NYSE:GEV)

Siemens Fonds Invest GmbH trimmed its stake in GE Vernova Inc. (NYSE:GEV - Free Report) by 57.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,848 shares of the company's stock after selling 5,179 shares during the quarter. Siemens Fonds Invest GmbH's holdings in GE Vernova were worth $1,266,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of GEV. Park Square Financial Group LLC bought a new position in shares of GE Vernova during the 4th quarter worth approximately $44,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of GE Vernova during the 4th quarter worth approximately $50,943,000. Yoffe Investment Management LLC bought a new position in shares of GE Vernova during the 4th quarter worth approximately $303,000. Heck Capital Advisors LLC bought a new position in shares of GE Vernova during the 4th quarter worth approximately $348,000. Finally, Shufro Rose & Co. LLC bought a new position in shares of GE Vernova during the 4th quarter worth approximately $203,000.

Wall Street Analysts Forecast Growth

GEV has been the subject of several research analyst reports. TD Cowen reduced their target price on GE Vernova from $405.00 to $390.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. Baird R W upgraded GE Vernova to a "strong-buy" rating in a research note on Thursday, February 13th. Susquehanna restated a "positive" rating and issued a $499.00 price target (up from $399.00) on shares of GE Vernova in a research note on Wednesday, May 14th. Robert W. Baird boosted their price target on GE Vernova from $387.00 to $405.00 and gave the company an "outperform" rating in a research note on Thursday, April 24th. Finally, Citigroup reduced their price target on GE Vernova from $437.00 to $354.00 and set a "neutral" rating for the company in a research note on Monday, April 14th. Seven research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and four have issued a strong buy rating to the stock. According to MarketBeat.com, GE Vernova has an average rating of "Moderate Buy" and an average target price of $385.78.

GE Vernova Stock Performance

Shares of GEV traded up $12.44 during mid-day trading on Monday, reaching $485.42. The company had a trading volume of 2,512,110 shares, compared to its average volume of 3,345,015. GE Vernova Inc. has a 52 week low of $150.01 and a 52 week high of $489.13. The company has a market capitalization of $132.49 billion and a price-to-earnings ratio of 87.31. The firm has a 50-day moving average price of $375.20 and a 200 day moving average price of $356.68.

GE Vernova (NYSE:GEV - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The company reported $0.91 earnings per share for the quarter, topping analysts' consensus estimates of $0.37 by $0.54. GE Vernova had a net margin of 4.44% and a return on equity of 6.70%. The company had revenue of $8.03 billion during the quarter, compared to analyst estimates of $7.56 billion. During the same period in the previous year, the business earned ($0.47) EPS. The firm's revenue for the quarter was up 10.6% on a year-over-year basis. As a group, research analysts forecast that GE Vernova Inc. will post 6.59 earnings per share for the current fiscal year.

GE Vernova Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 16th. Investors of record on Friday, April 18th were issued a $0.25 dividend. The ex-dividend date of this dividend was Thursday, April 17th. This represents a $1.00 dividend on an annualized basis and a yield of 0.21%. GE Vernova's payout ratio is currently 14.41%.

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.