MASTERINVEST Kapitalanlage GmbH Has $1.63 Million Position in GE Vernova Inc. $GEV

MASTERINVEST Kapitalanlage GmbH lessened its holdings in GE Vernova Inc. (NYSE:GEV) by 44.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,642 shares of the company’s stock after selling 2,093 shares during the quarter. MASTERINVEST Kapitalanlage GmbH’s holdings in GE Vernova were worth $1,625,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in GEV. WFA Asset Management Corp acquired a new position in GE Vernova in the second quarter worth about $29,000. 1248 Management LLC bought a new stake in shares of GE Vernova in the 1st quarter valued at approximately $31,000. Howard Hughes Medical Institute acquired a new position in shares of GE Vernova in the 2nd quarter worth approximately $31,000. Bay Harbor Wealth Management LLC lifted its position in shares of GE Vernova by 537.5% during the 3rd quarter. Bay Harbor Wealth Management LLC now owns 51 shares of the company’s stock worth $31,000 after buying an additional 43 shares during the period. Finally, Monetary Management Group Inc. bought a new position in shares of GE Vernova during the 2nd quarter worth approximately $32,000.

GE Vernova Stock Performance

Shares of NYSE:GEV opened at $622.69 on Friday. The business has a fifty day moving average of $620.58 and a 200-day moving average of $607.11. GE Vernova Inc. has a twelve month low of $252.25 and a twelve month high of $731.00. The firm has a market cap of $168.95 billion, a PE ratio of 101.41, a price-to-earnings-growth ratio of 2.61 and a beta of 1.67.

GE Vernova (NYSE:GEV) last issued its quarterly earnings results on Wednesday, October 22nd. The company reported $1.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.72 by ($0.08). GE Vernova had a return on equity of 17.07% and a net margin of 4.52%.The company had revenue of $9.97 billion for the quarter, compared to analyst estimates of $9.15 billion. During the same quarter last year, the company earned ($0.35) EPS. The firm’s quarterly revenue was up 11.8% on a year-over-year basis. On average, analysts anticipate that GE Vernova Inc. will post 6.59 EPS for the current fiscal year.

GE Vernova Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, February 2nd. Stockholders of record on Monday, January 5th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.3%. This is an increase from GE Vernova’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Monday, January 5th. GE Vernova’s payout ratio is currently 32.57%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on GEV shares. Baird R W cut GE Vernova from a “strong-buy” rating to a “hold” rating in a research report on Friday. Melius Research set a $740.00 target price on shares of GE Vernova and gave the company a “buy” rating in a research note on Monday, September 15th. BMO Capital Markets upped their target price on shares of GE Vernova from $710.00 to $780.00 and gave the stock an “outperform” rating in a report on Wednesday, December 10th. Royal Bank Of Canada reissued an “outperform” rating and set a $761.00 price target on shares of GE Vernova in a report on Monday, December 22nd. Finally, Wolfe Research upgraded shares of GE Vernova from a “peer perform” rating to a “buy” rating in a research report on Wednesday, December 10th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, GE Vernova currently has a consensus rating of “Moderate Buy” and an average target price of $689.00.

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.