Natixis Purchases Shares of 10,361 GE Vernova Inc. (NYSE:GEV)

Natixis acquired a new stake in shares of GE Vernova Inc. (NYSE:GEV - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 10,361 shares of the company's stock, valued at approximately $3,408,000.

Several other large investors also recently modified their holdings of the stock. Cedar Mountain Advisors LLC grew its holdings in shares of GE Vernova by 102.6% in the 4th quarter. Cedar Mountain Advisors LLC now owns 77 shares of the company's stock worth $25,000 after purchasing an additional 39 shares during the last quarter. MRP Capital Investments LLC bought a new stake in GE Vernova during the 4th quarter worth about $25,000. Fairway Wealth LLC grew its stake in shares of GE Vernova by 220.0% during the fourth quarter. Fairway Wealth LLC now owns 80 shares of the company's stock valued at $26,000 after purchasing an additional 55 shares during the last quarter. Pineridge Advisors LLC increased its stake in shares of GE Vernova by 530.8% in the 4th quarter. Pineridge Advisors LLC now owns 82 shares of the company's stock valued at $27,000 after buying an additional 69 shares during the period. Finally, Pinpoint Asset Management Ltd bought a new stake in shares of GE Vernova during the fourth quarter worth $30,000.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. CICC Research initiated coverage on GE Vernova in a research report on Wednesday, February 19th. They issued an "outperform" rating on the stock. Jefferies Financial Group raised their price objective on shares of GE Vernova from $391.00 to $413.00 and gave the stock a "buy" rating in a report on Thursday, March 27th. Royal Bank of Canada decreased their price objective on GE Vernova from $453.00 to $445.00 and set an "outperform" rating for the company in a report on Tuesday, March 18th. Robert W. Baird increased their price objective on shares of GE Vernova from $387.00 to $405.00 and gave the stock an "outperform" rating in a research note on Thursday. Finally, The Goldman Sachs Group boosted their price target on GE Vernova from $446.00 to $500.00 and gave the stock a "buy" rating in a research report on Friday, January 24th. Six equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and four have assigned a strong buy rating to the company's stock. According to MarketBeat, GE Vernova presently has an average rating of "Moderate Buy" and a consensus price target of $369.22.

GE Vernova Price Performance

GEV traded up $12.13 during trading on Friday, hitting $372.62. 3,956,787 shares of the stock traded hands, compared to its average volume of 3,369,790. The business has a 50 day moving average price of $318.90 and a 200 day moving average price of $331.69. The company has a market cap of $101.85 billion and a price-to-earnings ratio of 67.02. GE Vernova Inc. has a twelve month low of $138.67 and a twelve month high of $447.50.

GE Vernova (NYSE:GEV - Get Free Report) last released its earnings results on Wednesday, April 23rd. The company reported $0.91 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.45 by $0.46. The firm had revenue of $8.03 billion for the quarter, compared to analysts' expectations of $7.56 billion. GE Vernova had a return on equity of 6.70% and a net margin of 4.44%. During the same quarter in the previous year, the business posted ($0.47) earnings per share. On average, equities research analysts predict that GE Vernova Inc. will post 6.59 earnings per share for the current year.

GE Vernova Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 16th. Investors of record on Friday, April 18th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, April 17th. This represents a $1.00 dividend on an annualized basis and a yield of 0.27%. GE Vernova's dividend payout ratio is currently 14.41%.

GE Vernova Company Profile

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.