Deutsche Bank AG Has $367.76 Million Stake in GE Vernova Inc. $GEV

Deutsche Bank AG decreased its stake in shares of GE Vernova Inc. (NYSE:GEV) by 32.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 562,692 shares of the company’s stock after selling 269,648 shares during the quarter. Deutsche Bank AG’s holdings in GE Vernova were worth $367,759,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Capital Analysts LLC grew its position in shares of GE Vernova by 15.8% during the 4th quarter. Capital Analysts LLC now owns 154 shares of the company’s stock worth $101,000 after buying an additional 21 shares during the period. Paragon Private Wealth Management LLC grew its position in shares of GE Vernova by 23.4% during the 4th quarter. Paragon Private Wealth Management LLC now owns 448 shares of the company’s stock worth $293,000 after buying an additional 85 shares during the period. GW&K Investment Management LLC grew its position in GE Vernova by 7.6% in the 4th quarter. GW&K Investment Management LLC now owns 282 shares of the company’s stock valued at $184,000 after purchasing an additional 20 shares during the period. Portfolio Design Labs LLC grew its position in GE Vernova by 4.4% in the 4th quarter. Portfolio Design Labs LLC now owns 2,712 shares of the company’s stock valued at $1,772,000 after purchasing an additional 114 shares during the period. Finally, Pettyjohn Wood & White Inc. grew its position in GE Vernova by 23.8% in the 4th quarter. Pettyjohn Wood & White Inc. now owns 682 shares of the company’s stock valued at $446,000 after purchasing an additional 131 shares during the period.

GE Vernova Price Performance

GEV opened at $866.63 on Thursday. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.89 and a quick ratio of 0.65. The company has a market capitalization of $232.88 billion, a price-to-earnings ratio of 25.24, a P/E/G ratio of 3.41 and a beta of 1.23. The firm’s fifty day moving average price is $1,007.32 and its two-hundred day moving average price is $828.51. GE Vernova Inc. has a 1 year low of $464.00 and a 1 year high of $1,181.95.

GE Vernova (NYSE:GEV) last posted its quarterly earnings data on Wednesday, April 22nd. The company reported $17.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.95 by $15.49. The firm had revenue of $9.34 billion for the quarter, compared to the consensus estimate of $9.19 billion. GE Vernova had a net margin of 23.81% and a return on equity of 43.97%. The business’s revenue for the quarter was up 17.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.91 EPS. As a group, analysts anticipate that GE Vernova Inc. will post 14.99 earnings per share for the current fiscal year.

GE Vernova Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 14th. Shareholders of record on Tuesday, June 16th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend is Tuesday, June 16th. GE Vernova’s payout ratio is currently 5.83%.

Analyst Ratings Changes

Several analysts recently issued reports on GEV shares. Jefferies Financial Group lifted their price target on shares of GE Vernova from $965.00 to $1,350.00 and gave the company a “buy” rating in a research report on Friday, April 24th. Wells Fargo & Company lifted their price target on shares of GE Vernova from $831.00 to $896.00 and gave the company an “overweight” rating in a research report on Tuesday, March 31st. Barclays lifted their price target on shares of GE Vernova from $993.00 to $1,250.00 and gave the company an “overweight” rating in a research report on Thursday, April 23rd. BNP Paribas Exane downgraded shares of GE Vernova from an “outperform” rating to a “neutral” rating and set a $1,190.00 price target for the company. in a research report on Monday, April 27th. Finally, Oppenheimer set a $1,303.00 price target on shares of GE Vernova in a research report on Thursday, April 23rd. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, GE Vernova presently has a consensus rating of “Moderate Buy” and an average price target of $1,090.76.

Key Headlines Impacting GE Vernova

Here are the key news stories impacting GE Vernova this week:

• Positive Sentiment: GE Vernova was highlighted as a potential beneficiary of the U.S. Department of Energy setting a timeline for fusion energy development, which could lift sentiment around the company’s long-term role in advanced power generation and grid infrastructure. Article Title
• Neutral Sentiment: Recent coverage also noted that GEV had already been trading lower in the previous session, suggesting some near-term momentum loss before today’s move. Article Title
• Neutral Sentiment: Broader market headlines about futures moving on geopolitical tensions and oil volatility may also be contributing to a risk-off tone, but they are not specific to GE Vernova’s fundamentals. Article Title

Insiders Place Their Bets

In other GE Vernova news, CAO Matthew Joseph Potvin sold 2,333 shares of GE Vernova stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $1,059.09, for a total transaction of $2,470,856.97. Following the transaction, the chief accounting officer directly owned 3,549 shares of the company’s stock, valued at $3,758,710.41. The trade was a 39.66% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Victor Abate sold 4,819 shares of GE Vernova stock in a transaction on Monday, June 1st. The stock was sold at an average price of $948.08, for a total transaction of $4,568,797.52. Following the transaction, the chief executive officer directly owned 1,835 shares in the company, valued at $1,739,726.80. This represents a 72.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.21% of the stock is owned by insiders.

GE Vernova Profile

GE Vernova is the energy-focused company formed from the energy businesses of General Electric and operates as a publicly listed entity on the NYSE under the ticker GEV. It is organized to design, manufacture and service equipment and systems used across the power generation and energy transition value chain, bringing together legacy capabilities in conventional power, renewables and grid technologies under a single corporate platform.

The company’s offerings span large-scale power-generation equipment such as gas and steam turbines and associated generators and controls, as well as renewable energy technologies including onshore and offshore wind platforms and hydro solutions.