36,052 Shares in GE Vernova Inc. $GEV Bought by Van Lanschot Kempen Investment Management N.V.

Van Lanschot Kempen Investment Management N.V. acquired a new position in GE Vernova Inc. (NYSE:GEV) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 36,052 shares of the company’s stock, valued at approximately $23,563,000.

A number of other large investors have also recently bought and sold shares of the business. HITE Hedge Asset Management LLC bought a new stake in GE Vernova in the fourth quarter worth $3,268,000. Korea Investment CORP boosted its holdings in GE Vernova by 60.8% in the fourth quarter. Korea Investment CORP now owns 207,522 shares of the company’s stock worth $135,630,000 after purchasing an additional 78,442 shares in the last quarter. Platinum Investment Management Ltd. acquired a new position in GE Vernova during the 4th quarter worth $1,991,000. Banco Santander S.A. lifted its position in GE Vernova by 30.7% during the 4th quarter. Banco Santander S.A. now owns 596 shares of the company’s stock worth $390,000 after acquiring an additional 140 shares during the last quarter. Finally, Lord Abbett & CO. LLC acquired a new position in GE Vernova during the 4th quarter worth $91,381,000.

Analyst Upgrades and Downgrades

GEV has been the subject of a number of research analyst reports. Citigroup boosted their target price on shares of GE Vernova from $779.00 to $1,110.00 and gave the stock a “neutral” rating in a research report on Monday, April 13th. Argus set a $1,300.00 target price on shares of GE Vernova in a research report on Monday, April 27th. Oppenheimer set a $1,303.00 target price on shares of GE Vernova in a research report on Thursday, April 23rd. Robert W. Baird boosted their target price on shares of GE Vernova from $1,008.00 to $1,400.00 and gave the stock an “outperform” rating in a research report on Thursday, April 23rd. Finally, Guggenheim boosted their target price on shares of GE Vernova from $910.00 to $1,300.00 and gave the stock a “buy” rating in a research report on Thursday, April 23rd. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,085.16.

GE Vernova Stock Up 3.7%

Shares of GEV opened at $940.14 on Friday. The company has a 50-day simple moving average of $1,008.85 and a 200-day simple moving average of $831.73. The firm has a market capitalization of $252.63 billion, a P/E ratio of 27.39, a P/E/G ratio of 3.36 and a beta of 1.23. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.65 and a current ratio of 0.89. GE Vernova Inc. has a 52 week low of $474.21 and a 52 week high of $1,181.95.

GE Vernova (NYSE:GEV) last announced its quarterly earnings data on Wednesday, April 22nd. The company reported $17.44 EPS for the quarter, beating analysts’ consensus estimates of $1.95 by $15.49. The business had revenue of $9.34 billion during the quarter, compared to analyst estimates of $9.19 billion. GE Vernova had a net margin of 23.81% and a return on equity of 43.97%. The firm’s revenue for the quarter was up 17.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.91 earnings per share. On average, equities research analysts expect that GE Vernova Inc. will post 14.99 earnings per share for the current year.

GE Vernova Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 14th. Stockholders of record on Tuesday, June 16th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, June 16th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.2%. GE Vernova’s dividend payout ratio is currently 5.83%.

Insider Transactions at GE Vernova

In other news, CAO Matthew Joseph Potvin sold 2,333 shares of the company’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $1,059.09, for a total transaction of $2,470,856.97. Following the completion of the transaction, the chief accounting officer owned 3,549 shares of the company’s stock, valued at approximately $3,758,710.41. This represents a 39.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Victor Abate sold 4,819 shares of the company’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $948.08, for a total transaction of $4,568,797.52. Following the transaction, the chief executive officer directly owned 1,835 shares of the company’s stock, valued at $1,739,726.80. This represents a 72.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.21% of the stock is currently owned by corporate insiders.

About GE Vernova

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.