GE Vernova Inc. $GEV Stock Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. reduced its holdings in shares of GE Vernova Inc. (NYSE:GEV) by 6.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 420,531 shares of the company’s stock after selling 28,135 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.16% of GE Vernova worth $399,711,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. BlackRock Inc. acquired a new position in shares of GE Vernova in the second quarter valued at approximately $25,569,630,000. State Street Corp lifted its stake in shares of GE Vernova by 3.3% during the second quarter. State Street Corp now owns 11,765,340 shares of the company’s stock valued at $13,828,380,000 after buying an additional 370,842 shares during the period. Bank of America Corp DE lifted its stake in shares of GE Vernova by 20.1% during the first quarter. Bank of America Corp DE now owns 2,598,178 shares of the company’s stock valued at $2,267,949,000 after buying an additional 435,405 shares during the period. Bank of New York Mellon Corp acquired a new stake in GE Vernova during the second quarter worth approximately $2,497,472,000. Finally, Jupiter Topco LLC acquired a new stake in GE Vernova during the second quarter worth approximately $2,371,538,000.

Analysts Set New Price Targets

GEV has been the subject of several recent analyst reports. Royal Bank Of Canada lifted their target price on shares of GE Vernova from $1,195.00 to $1,225.00 and gave the stock an “outperform” rating in a research note on Thursday, July 23rd. Morgan Stanley lowered GE Vernova from an “overweight” rating to an “underweight” rating in a research note on Monday, August 3rd. Weiss Ratings restated a “buy (b)” rating on shares of GE Vernova in a report on Monday. Oppenheimer lifted their price objective on GE Vernova from $1,303.00 to $1,338.00 and gave the company an “outperform” rating in a research report on Thursday, July 23rd. Finally, BNP Paribas Exane lowered their price objective on GE Vernova from $1,190.00 to $1,090.00 and set a “neutral” rating for the company in a research report on Thursday, August 20th. Two research analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, GE Vernova currently has an average rating of “Moderate Buy” and an average target price of $1,164.87.

GE Vernova Stock Down 2.1%

Shares of NYSE GEV opened at $888.93 on Wednesday. GE Vernova Inc. has a 1 year low of $530.16 and a 1 year high of $1,195.94. The firm has a market cap of $236.75 billion, a price-to-earnings ratio of 25.44, a PEG ratio of 3.14 and a beta of 1.14. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.62 and a current ratio of 0.85. The stock’s 50-day simple moving average is $958.76 and its 200-day simple moving average is $1,002.59.

GE Vernova (NYSE:GEV) last released its quarterly earnings results on Wednesday, July 22nd. The company reported $2.47 EPS for the quarter, missing the consensus estimate of $3.17 by ($0.70). The business had revenue of $11.10 billion during the quarter, compared to analyst estimates of $10.79 billion. GE Vernova had a return on equity of 42.42% and a net margin of 23.03%. The company’s revenue was up 21.9% compared to the same quarter last year. During the same quarter last year, the firm posted $1.86 EPS. As a group, equities analysts anticipate that GE Vernova Inc. will post 15.04 earnings per share for the current fiscal year.

GE Vernova Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 24th. Shareholders of record on Tuesday, October 27th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date is Tuesday, October 27th. GE Vernova’s dividend payout ratio (DPR) is 5.72%.

About GE Vernova

GE Vernova Inc (NYSE: GEV) is an energy technology company focused on helping generate, transmit, store and deliver electricity. The company serves utilities, power producers, grid operators, commercial and industrial customers, and other energy-sector participants worldwide.

Its business is organized around three primary areas: Power, Wind and Electrification. Power provides technologies and services for gas and steam power generation, hydropower, nuclear power and other energy systems.