Siemens Fonds Invest GmbH Has $1.27 Million Stock Holdings in GE Vernova Inc. (NYSE:GEV)

Siemens Fonds Invest GmbH lowered its stake in GE Vernova Inc. (NYSE:GEV) by 57.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,848 shares of the company’s stock after selling 5,179 shares during the period. Siemens Fonds Invest GmbH’s holdings in GE Vernova were worth $1,266,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Hengehold Capital Management LLC lifted its holdings in GE Vernova by 2.4% during the 4th quarter. Hengehold Capital Management LLC now owns 1,231 shares of the company’s stock worth $405,000 after buying an additional 29 shares during the period. Mutual Advisors LLC raised its position in shares of GE Vernova by 1.2% during the fourth quarter. Mutual Advisors LLC now owns 2,701 shares of the company’s stock worth $888,000 after acquiring an additional 31 shares during the last quarter. WASHINGTON TRUST Co lifted its stake in shares of GE Vernova by 1.9% in the fourth quarter. WASHINGTON TRUST Co now owns 1,702 shares of the company’s stock worth $560,000 after acquiring an additional 31 shares during the period. Kovack Advisors Inc. lifted its stake in shares of GE Vernova by 1.0% in the fourth quarter. Kovack Advisors Inc. now owns 3,167 shares of the company’s stock worth $1,042,000 after acquiring an additional 31 shares during the period. Finally, NewSquare Capital LLC boosted its holdings in GE Vernova by 32.4% in the fourth quarter. NewSquare Capital LLC now owns 139 shares of the company’s stock valued at $46,000 after acquiring an additional 34 shares during the last quarter.

Analyst Upgrades and Downgrades

GEV has been the subject of several analyst reports. Marathon Capitl upgraded shares of GE Vernova to a “strong-buy” rating in a report on Friday, January 31st. Morgan Stanley reiterated an “overweight” rating and set a $422.00 price objective (up from $400.00) on shares of GE Vernova in a research report on Thursday, April 24th. Guggenheim restated a “buy” rating and issued a $380.00 target price on shares of GE Vernova in a report on Thursday, April 24th. Barclays cut their price target on shares of GE Vernova from $487.00 to $427.00 and set an “overweight” rating on the stock in a research report on Monday, March 3rd. Finally, TD Cowen lowered their price objective on GE Vernova from $405.00 to $390.00 and set a “buy” rating for the company in a research report on Thursday, April 24th. Six research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and four have given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $374.62.

GE Vernova Trading Up 0.4%

Shares of GEV stock opened at $428.63 on Friday. The firm has a fifty day simple moving average of $344.05 and a two-hundred day simple moving average of $345.30. The firm has a market capitalization of $116.99 billion and a PE ratio of 77.09. GE Vernova Inc. has a 12 month low of $150.01 and a 12 month high of $447.50.

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

GE Vernova Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 16th. Stockholders of record on Friday, April 18th were issued a $0.25 dividend. The ex-dividend date of this dividend was Thursday, April 17th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.23%. GE Vernova’s dividend payout ratio is presently 14.41%.

About GE Vernova

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.