Baader Bank Aktiengesellschaft Purchases 1,628 Shares of GE Vernova Inc. $GEV

by · The Cerbat Gem

Baader Bank Aktiengesellschaft grew its position in GE Vernova Inc. (NYSE:GEV – Free Report) by 116.8% in the second quarter, according to its most recent filing with the SEC. The fund owned 3,022 shares of the company’s stock after acquiring an additional 1,628 shares during the period. Baader Bank Aktiengesellschaft’s holdings in GE Vernova were worth $1,595,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. EQ Wealth Advisors LLC bought a new position in shares of GE Vernova in the 1st quarter valued at $27,000. IMA Advisory Services Inc. bought a new position in shares of GE Vernova in the 1st quarter valued at $27,000. Orion Capital Management LLC bought a new position in shares of GE Vernova in the 4th quarter valued at $30,000. Mowery & Schoenfeld Wealth Management LLC raised its position in GE Vernova by 115.2% during the 1st quarter. Mowery & Schoenfeld Wealth Management LLC now owns 99 shares of the company’s stock worth $30,000 after purchasing an additional 53 shares during the last quarter. Finally, 1248 Management LLC bought a new position in GE Vernova during the 1st quarter worth $31,000.

Insiders Place Their Bets

In related news, CFO Kenneth Scott Parks sold 3,300 shares of the firm’s stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $620.00, for a total value of $2,046,000.00. Following the transaction, the chief financial officer owned 7,590 shares of the company’s stock, valued at approximately $4,705,800. This trade represents a 30.30% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.15% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. JPMorgan Chase & Co. raised their target price on GE Vernova from $620.00 to $715.00 and gave the stock an “overweight” rating in a research report on Thursday, July 24th. Susquehanna raised their target price on GE Vernova from $662.00 to $736.00 and gave the stock a “positive” rating in a research report on Thursday, July 24th. HSBC raised their target price on GE Vernova from $570.00 to $580.00 and gave the stock a “hold” rating in a research report on Friday, September 5th. BMO Capital Markets raised their target price on GE Vernova from $590.00 to $690.00 and gave the stock an “outperform” rating in a research report on Thursday, July 24th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of GE Vernova in a research report on Thursday, July 24th. Four equities research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat, GE Vernova currently has a consensus rating of “Moderate Buy” and an average target price of $592.35.

Read Our Latest Analysis on GEV

GE Vernova Price Performance

Shares of GEV opened at $614.69 on Thursday. The stock has a 50-day moving average of $613.95 and a 200-day moving average of $473.14. The company has a market cap of $167.33 billion, a PE ratio of 148.12, a P/E/G ratio of 4.50 and a beta of 1.87. GE Vernova Inc. has a one year low of $234.00 and a one year high of $677.29.

GE Vernova (NYSE:GEV – Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The company reported $1.86 earnings per share for the quarter, beating the consensus estimate of $1.63 by $0.23. GE Vernova had a net margin of 3.16% and a return on equity of 13.23%. The business had revenue of $9.11 billion for the quarter, compared to analysts’ expectations of $8.78 billion. During the same quarter last year, the firm earned $4.65 EPS. The firm’s revenue for the quarter was up 11.1% compared to the same quarter last year. GE Vernova has set its FY 2025 guidance at EPS. Analysts expect that GE Vernova Inc. will post 6.59 EPS for the current fiscal year.

GE Vernova Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, August 18th. Investors of record on Monday, July 21st were given a $0.25 dividend. The ex-dividend date of this dividend was Monday, July 21st. This represents a $1.00 annualized dividend and a yield of 0.2%. GE Vernova’s dividend payout ratio (DPR) is presently 24.10%.

GE Vernova 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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