Siemens Fonds Invest GmbH Sells 5,179 Shares of GE Vernova Inc. (NYSE:GEV)

Siemens Fonds Invest GmbH lessened its holdings in GE Vernova Inc. (NYSE:GEV - Free Report) by 57.4% during the fourth quarter, according to the company in its most recent Form 13F filing 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 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in GEV. Register Financial Advisors LLC acquired a new position in shares of GE Vernova during the 4th quarter worth about $206,000. GPS Wealth Strategies Group LLC raised its stake in shares of GE Vernova by 1,126.0% during the 4th quarter. GPS Wealth Strategies Group LLC now owns 895 shares of the company's stock worth $294,000 after purchasing an additional 822 shares in the last quarter. Yarbrough Capital LLC boosted its holdings in shares of GE Vernova by 67.2% in the 4th quarter. Yarbrough Capital LLC now owns 2,886 shares of the company's stock valued at $949,000 after buying an additional 1,160 shares during the last quarter. Legacy Bridge LLC grew its stake in shares of GE Vernova by 77.0% in the fourth quarter. Legacy Bridge LLC now owns 10,982 shares of the company's stock valued at $3,612,000 after buying an additional 4,776 shares in the last quarter. Finally, CENTRAL TRUST Co lifted its stake in GE Vernova by 16.6% in the fourth quarter. CENTRAL TRUST Co now owns 9,872 shares of the company's stock valued at $3,247,000 after acquiring an additional 1,408 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on GEV. William Blair reissued an "outperform" rating on shares of GE Vernova in a research report on Thursday, January 23rd. The Goldman Sachs Group lifted their price objective on shares of GE Vernova from $446.00 to $500.00 and gave the stock a "buy" rating in a research report on Friday, January 24th. Susquehanna reissued a "positive" rating and issued a $499.00 price objective (up from $399.00) on shares of GE Vernova in a research report on Wednesday. TD Cowen cut their target price on shares of GE Vernova from $405.00 to $390.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. Finally, Morgan Stanley reaffirmed an "overweight" rating and set a $422.00 target price (up previously from $400.00) on shares of GE Vernova in a report on Thursday, April 24th. Six equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and four have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $374.62.

GE Vernova Trading Up 0.4%

Shares of GE Vernova stock opened at $428.63 on Friday. The company has a market cap of $116.99 billion and a PE ratio of 77.09. The company has a 50 day moving average of $344.05 and a 200-day moving average of $345.30. GE Vernova Inc. has a 1-year low of $150.01 and a 1-year high of $447.50.

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

GE Vernova Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 16th. Stockholders of record on Friday, April 18th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, April 17th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.23%. GE Vernova's dividend payout ratio (DPR) 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.

Want to see what other hedge funds are holding GEV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for GE Vernova Inc. (NYSE:GEV - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.