GE Vernova Inc. (NYSE:GEV) Shares Sold by Deutsche Bank AG

Deutsche Bank AG lessened its stake in shares of GE Vernova Inc. (NYSE:GEV) by 50.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 480,932 shares of the company’s stock after selling 492,568 shares during the quarter. Deutsche Bank AG owned approximately 0.17% of GE Vernova worth $158,193,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in GEV. Cedar Mountain Advisors LLC lifted its stake in shares of GE Vernova by 102.6% during the fourth quarter. Cedar Mountain Advisors LLC now owns 77 shares of the company’s stock valued at $25,000 after buying an additional 39 shares during the period. MRP Capital Investments LLC acquired a new position in GE Vernova in the 4th quarter valued at $25,000. Fairway Wealth LLC lifted its stake in shares of GE Vernova by 220.0% during the 4th quarter. Fairway Wealth LLC now owns 80 shares of the company’s stock worth $26,000 after purchasing an additional 55 shares during the period. Pineridge Advisors LLC boosted its holdings in shares of GE Vernova by 530.8% during the fourth quarter. Pineridge Advisors LLC now owns 82 shares of the company’s stock worth $27,000 after purchasing an additional 69 shares during the last quarter. Finally, Navigoe LLC purchased a new stake in shares of GE Vernova in the fourth quarter valued at $27,000.

Analyst Ratings Changes

A number of brokerages have issued reports on GEV. CICC Research began coverage on GE Vernova in a research note on Wednesday, February 19th. They issued an “outperform” rating on the stock. Baird R W raised shares of GE Vernova to a “strong-buy” rating in a research report on Thursday, February 13th. Bank of America upped their price target on shares of GE Vernova from $380.00 to $415.00 and gave the stock a “buy” rating in a research report on Tuesday, January 14th. William Blair reiterated an “outperform” rating on shares of GE Vernova in a report on Thursday, January 23rd. Finally, Susquehanna upped their price objective on GE Vernova from $370.00 to $399.00 and gave the stock a “positive” rating in a report on Thursday, April 24th. Six investment analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and four have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $369.22.

GE Vernova Price Performance

GEV opened at $398.03 on Friday. The stock has a market capitalization of $108.64 billion and a PE ratio of 71.59. GE Vernova Inc. has a 12-month low of $150.01 and a 12-month high of $447.50. The firm’s fifty day moving average price is $330.33 and its 200 day moving average price is $340.61.

GE Vernova (NYSE:GEV) last issued its quarterly earnings results on Wednesday, April 23rd. The company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.37 by $0.54. The business had revenue of $8.03 billion for the quarter, compared to analysts’ expectations of $7.56 billion. GE Vernova had a net margin of 4.44% and a return on equity of 6.70%. The company’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same quarter last year, the company posted ($0.47) earnings per share. On average, equities research analysts forecast that GE Vernova Inc. will post 6.59 earnings per share for the current fiscal year.

GE Vernova Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 16th. Stockholders of record on Friday, April 18th will be issued a $0.25 dividend. The ex-dividend date is Thursday, April 17th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.25%. GE Vernova’s dividend payout ratio (DPR) is 14.41%.

GE Vernova Company 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.