GE Vernova Inc. $GEV Shares Sold by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank trimmed its holdings in GE Vernova Inc. (NYSE:GEV – Free Report) by 8.8% in the 4th quarter, HoldingsChannel reports. The fund owned 150,980 shares of the company’s stock after selling 14,514 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in GE Vernova were worth $98,676,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Voisard Asset Management Group Inc. increased its position in shares of GE Vernova by 2.7% during the 4th quarter. Voisard Asset Management Group Inc. now owns 575 shares of the company’s stock worth $376,000 after purchasing an additional 15 shares during the last quarter. Clean Yield Group lifted its position in GE Vernova by 2.2% in the fourth quarter. Clean Yield Group now owns 685 shares of the company’s stock valued at $448,000 after buying an additional 15 shares during the last quarter. Northwest Wealth Management LLC boosted its stake in GE Vernova by 3.6% during the third quarter. Northwest Wealth Management LLC now owns 465 shares of the company’s stock worth $286,000 after buying an additional 16 shares during the period. Sutton Place Investors LLC boosted its stake in GE Vernova by 3.1% during the fourth quarter. Sutton Place Investors LLC now owns 531 shares of the company’s stock worth $347,000 after buying an additional 16 shares during the period. Finally, Washburn Capital Management Inc. increased its position in shares of GE Vernova by 0.3% during the fourth quarter. Washburn Capital Management Inc. now owns 4,735 shares of the company’s stock valued at $3,095,000 after acquiring an additional 16 shares during the last quarter.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Mizuho set a $714.00 target price on GE Vernova in a research report on Tuesday, February 3rd. Susquehanna raised their price target on GE Vernova from $820.00 to $1,080.00 and gave the stock a “positive” rating in a research report on Thursday, April 9th. China Renaissance raised GE Vernova to a “strong-buy” rating in a research note on Thursday, January 29th. Rothschild & Co Redburn upgraded GE Vernova from a “sell” rating to a “buy” rating and boosted their price objective for the company from $560.00 to $1,100.00 in a report on Monday, March 9th. Finally, Royal Bank Of Canada increased their target price on GE Vernova from $761.00 to $800.00 and gave the stock an “outperform” rating in a research note on Friday, January 30th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $919.48.

View Our Latest Stock Analysis on GE Vernova

GE Vernova Price Performance

GEV stock opened at $1,001.86 on Monday. The business’s 50-day moving average is $870.22 and its two-hundred day moving average is $716.06. The firm has a market capitalization of $269.36 billion, a P/E ratio of 56.28, a P/E/G ratio of 3.92 and a beta of 1.43. GE Vernova Inc. has a 1 year low of $306.21 and a 1 year high of $1,009.49.

GE Vernova (NYSE:GEV – Get Free Report) last announced its quarterly earnings data on Wednesday, January 28th. The company reported $13.39 earnings per share for the quarter, beating analysts’ consensus estimates of $2.99 by $10.40. GE Vernova had a net margin of 12.83% and a return on equity of 46.91%. The business had revenue of $10.96 billion for the quarter, compared to analyst estimates of $10.21 billion. During the same period last year, the business earned $1.73 EPS. The company’s revenue was up 3.8% on a year-over-year basis. On average, analysts expect that GE Vernova Inc. will post 6.59 EPS for the current year.

GE Vernova Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 14th. Investors of record on Tuesday, March 17th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend was Tuesday, March 17th. GE Vernova’s dividend payout ratio (DPR) is 11.24%.

GE Vernova Company Profile

(Free Report)

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.

Further Reading

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