Robeco Institutional Asset Management B.V. Buys 168,157 Shares of GE Vernova Inc. $GEV

Robeco Institutional Asset Management B.V. increased its stake in GE Vernova Inc. (NYSE:GEV) by 55.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 469,863 shares of the company’s stock after buying an additional 168,157 shares during the period. Robeco Institutional Asset Management B.V. owned 0.17% of GE Vernova worth $288,919,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Bay Harbor Wealth Management LLC raised its stake in shares of GE Vernova by 537.5% during the third quarter. Bay Harbor Wealth Management LLC now owns 51 shares of the company’s stock valued at $31,000 after acquiring an additional 43 shares in the last quarter. Elevation Wealth Partners LLC increased its holdings in GE Vernova by 47.2% during the 3rd quarter. Elevation Wealth Partners LLC now owns 53 shares of the company’s stock worth $33,000 after purchasing an additional 17 shares during the period. WFA Asset Management Corp bought a new stake in GE Vernova during the 2nd quarter valued at $29,000. Howard Hughes Medical Institute bought a new stake in GE Vernova during the 2nd quarter valued at $31,000. Finally, Monetary Management Group Inc. purchased a new stake in shares of GE Vernova in the 2nd quarter worth $32,000.

GE Vernova Price Performance

Shares of NYSE:GEV opened at $680.46 on Tuesday. The business’s 50-day moving average is $614.72 and its 200 day moving average is $603.62. GE Vernova Inc. has a 1 year low of $252.25 and a 1 year high of $731.00. The firm has a market capitalization of $184.62 billion, a P/E ratio of 110.82, a P/E/G ratio of 2.85 and a beta of 1.67.

GE Vernova (NYSE:GEV) last issued its quarterly earnings results on Wednesday, October 22nd. The company reported $1.64 earnings per share for the quarter, missing analysts’ consensus estimates of $1.72 by ($0.08). GE Vernova had a return on equity of 17.07% and a net margin of 4.52%.The business had revenue of $9.97 billion for the quarter, compared to analysts’ expectations of $9.15 billion. During the same quarter in the previous year, the firm posted ($0.35) EPS. GE Vernova’s revenue was up 11.8% 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 Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, February 2nd. Shareholders of record on Monday, January 5th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date is Monday, January 5th. This is a positive change from GE Vernova’s previous quarterly dividend of $0.25. GE Vernova’s dividend payout ratio (DPR) is currently 32.57%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on GEV shares. Citigroup dropped their target price on shares of GE Vernova from $670.00 to $658.00 and set a “neutral” rating on the stock in a report on Thursday, October 23rd. Robert W. Baird set a $816.00 price target on shares of GE Vernova in a research report on Thursday, December 18th. William Blair reissued an “outperform” rating on shares of GE Vernova in a report on Wednesday, December 10th. Glj Research boosted their price objective on shares of GE Vernova from $702.00 to $758.00 and gave the stock a “buy” rating in a research note on Wednesday, October 15th. Finally, Rothschild Redb cut GE Vernova from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 15th. Four equities research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $691.11.

GE Vernova Profile

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.