MASTERINVEST Kapitalanlage GmbH Buys New Position in GE Vernova Inc. $GEV

by · The Cerbat Gem

MASTERINVEST Kapitalanlage GmbH purchased a new position in shares of GE Vernova Inc. (NYSE:GEV – Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 4,735 shares of the company’s stock, valued at approximately $2,506,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. WFA Asset Management Corp bought a new stake in shares of GE Vernova in the 2nd quarter worth $29,000. 1248 Management LLC purchased a new position in GE Vernova in the 1st quarter valued at approximately $31,000. Howard Hughes Medical Institute purchased a new stake in GE Vernova during the 2nd quarter worth about $31,000. Monetary Management Group Inc. purchased a new stake in shares of GE Vernova during the 2nd quarter valued at $32,000. Finally, Saudi Central Bank purchased a new position in shares of GE Vernova in the 1st quarter worth about $33,000.

GE Vernova Stock Performance

Shares of NYSE:GEV opened at $672.32 on Friday. The stock’s 50-day simple moving average is $597.06 and its two-hundred day simple moving average is $582.82. The stock has a market capitalization of $182.41 billion, a price-to-earnings ratio of 109.50, a PEG ratio of 5.04 and a beta of 1.71. GE Vernova Inc. has a 52-week low of $252.25 and a 52-week high of $731.00.

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

GE Vernova Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, February 2nd. Investors of record on Monday, January 5th will be paid a dividend of $0.50 per share. This is a positive change from GE Vernova’s previous quarterly dividend of $0.25. The ex-dividend date is Monday, January 5th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.3%. GE Vernova’s dividend payout ratio is presently 16.29%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. BMO Capital Markets lifted their target price on shares of GE Vernova from $710.00 to $780.00 and gave the stock an “outperform” rating in a research report on Wednesday. Oppenheimer upgraded GE Vernova from a “market perform” rating to an “outperform” rating and set a $855.00 price target on the stock in a research report on Wednesday. Citigroup dropped their target price on shares of GE Vernova from $670.00 to $658.00 and set a “neutral” rating on the stock in a report on Thursday, October 23rd. Mizuho decreased their price target on shares of GE Vernova from $677.00 to $660.00 and set a “neutral” rating for the company in a research note on Friday, October 24th. Finally, Glj Research lifted their price target on shares of GE Vernova from $702.00 to $758.00 and gave the company a “buy” rating in a research report on Wednesday, October 15th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $654.54.

Get Our Latest Report on GE Vernova

GE Vernova Company Profile

(Free Report)

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.

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