10,781 Shares in GE Vernova Inc. (NYSE:GEV) Acquired by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S bought a new position in GE Vernova Inc. (NYSE:GEV - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 10,781 shares of the company's stock, valued at approximately $3,546,000.

A number of other institutional investors have also recently bought and sold shares of GEV. BOS Asset Management LLC acquired a new position in shares of GE Vernova in the 4th quarter valued at $228,000. Capital International Inc. CA boosted its holdings in GE Vernova by 46.4% in the fourth quarter. Capital International Inc. CA now owns 99,715 shares of the company's stock valued at $32,799,000 after acquiring an additional 31,612 shares during the last quarter. First Trust Advisors LP boosted its holdings in GE Vernova by 12.6% in the fourth quarter. First Trust Advisors LP now owns 174,149 shares of the company's stock valued at $57,283,000 after acquiring an additional 19,531 shares during the last quarter. GeoWealth Management LLC increased its stake in GE Vernova by 22.4% during the fourth quarter. GeoWealth Management LLC now owns 2,448 shares of the company's stock worth $805,000 after acquiring an additional 448 shares during the last quarter. Finally, Capital International Ltd. CA increased its stake in GE Vernova by 57.1% during the fourth quarter. Capital International Ltd. CA now owns 20,581 shares of the company's stock worth $6,770,000 after acquiring an additional 7,481 shares during the last quarter.

Wall Street Analysts Forecast Growth

GEV has been the subject of a number of research reports. Jefferies Financial Group boosted their target price on GE Vernova from $391.00 to $413.00 and gave the stock a "buy" rating in a report on Thursday, March 27th. Johnson Rice began coverage on shares of GE Vernova in a research note on Friday, February 7th. They set a "buy" rating and a $425.00 price objective for the company. Baird R W raised shares of GE Vernova to a "strong-buy" rating in a research note on Thursday, February 13th. William Blair reaffirmed an "outperform" rating on shares of GE Vernova in a research report on Thursday, January 23rd. Finally, Barclays lowered their price target on GE Vernova from $487.00 to $427.00 and set an "overweight" rating for the company in a report on Monday, March 3rd. Six analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and four have given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $369.22.

GE Vernova Stock Up 3.4 %

GEV stock traded up $12.13 during mid-day trading on Friday, reaching $372.62. The company had a trading volume of 3,956,787 shares, compared to its average volume of 3,359,003. The stock's 50-day simple moving average is $318.90 and its two-hundred day simple moving average is $332.43. The stock has a market capitalization of $101.85 billion and a P/E ratio of 67.02. GE Vernova Inc. has a one year low of $149.42 and a one year high of $447.50.

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

GE Vernova Announces Dividend

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

About GE Vernova

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.