DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Sells 895,343 Shares of GE Vernova Inc. (NYSE:GEV)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main reduced its holdings in shares of GE Vernova Inc. (NYSE:GEV) by 13.9% during the fourth quarter, Holdings Channel reports. The fund owned 5,542,820 shares of the company’s stock after selling 895,343 shares during the period. GE Vernova comprises about 1.8% of DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main’s investment portfolio, making the stock its 11th biggest position. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main’s holdings in GE Vernova were worth $1,823,200,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. MRP Capital Investments LLC purchased a new position in GE Vernova in the 4th quarter worth approximately $25,000. Cedar Mountain Advisors LLC increased its stake in shares of GE Vernova by 102.6% in the fourth quarter. Cedar Mountain Advisors LLC now owns 77 shares of the company’s stock worth $25,000 after buying an additional 39 shares during the period. Fairway Wealth LLC raised its holdings in GE Vernova by 220.0% during the 4th quarter. Fairway Wealth LLC now owns 80 shares of the company’s stock valued at $26,000 after buying an additional 55 shares during the last quarter. Pineridge Advisors LLC boosted its position in GE Vernova by 530.8% during the 4th quarter. Pineridge Advisors LLC now owns 82 shares of the company’s stock valued at $27,000 after buying an additional 69 shares during the period. Finally, Navigoe LLC bought a new stake in GE Vernova in the 4th quarter worth $27,000.

GE Vernova Trading Down 0.0 %

GE Vernova stock opened at $401.09 on Wednesday. The firm has a market cap of $109.47 billion and a price-to-earnings ratio of 72.14. GE Vernova Inc. has a 12 month low of $150.01 and a 12 month high of $447.50. The stock has a fifty day simple moving average of $325.61 and a two-hundred day simple moving average of $338.49.

GE Vernova (NYSE:GEV) last issued its earnings results 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. The business had revenue of $8.03 billion during the quarter, compared to analyst estimates of $7.56 billion. GE Vernova had a return on equity of 6.70% and a net margin of 4.44%. GE Vernova’s revenue was up 10.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.47) EPS. On average, equities research analysts forecast that GE Vernova Inc. will post 6.59 EPS for the current fiscal year.

GE Vernova Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 16th. Investors of record on Friday, April 18th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.25%. The ex-dividend date of this dividend is Thursday, April 17th. GE Vernova’s dividend payout ratio is currently 14.41%.

Analyst Upgrades and Downgrades

GEV has been the subject of a number of analyst reports. CICC Research started coverage on shares of GE Vernova in a report on Wednesday, February 19th. They set an “outperform” rating for the company. Baird R W upgraded GE Vernova to a “strong-buy” rating in a report on Thursday, February 13th. Royal Bank of Canada reduced their target price on GE Vernova from $453.00 to $445.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 18th. Bank of America raised their price target on GE Vernova from $380.00 to $415.00 and gave the stock a “buy” rating in a research note on Tuesday, January 14th. Finally, Marathon Capitl upgraded shares of GE Vernova to a “strong-buy” rating in a report on Friday, January 31st. Six research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and four have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, GE Vernova presently has an average rating of “Moderate Buy” and an average price target of $369.22.

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.