Capital International Investors lifted its holdings in GE Vernova Inc. (NYSE:GEV - Free Report) by 25.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,854,297 shares of the company's stock after purchasing an additional 2,994,660 shares during the period. GE Vernova comprises about 0.9% of Capital International Investors' portfolio, making the stock its 25th largest holding. Capital International Investors owned 5.39% of GE Vernova worth $4,886,164,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of GEV. Register Financial Advisors LLC purchased a new position in GE Vernova during the fourth quarter valued at $206,000. GPS Wealth Strategies Group LLC raised its holdings in shares of GE Vernova by 1,126.0% during the fourth quarter. GPS Wealth Strategies Group LLC now owns 895 shares of the company's stock valued at $294,000 after acquiring an additional 822 shares during the last quarter. Yarbrough Capital LLC boosted its stake in shares of GE Vernova by 67.2% in the fourth quarter. Yarbrough Capital LLC now owns 2,886 shares of the company's stock worth $949,000 after acquiring an additional 1,160 shares during the last quarter. Legacy Bridge LLC increased its position in shares of GE Vernova by 77.0% during the fourth quarter. Legacy Bridge LLC now owns 10,982 shares of the company's stock worth $3,612,000 after purchasing an additional 4,776 shares in the last quarter. Finally, CENTRAL TRUST Co lifted its holdings in GE Vernova by 16.6% in the 4th quarter. CENTRAL TRUST Co now owns 9,872 shares of the company's stock valued at $3,247,000 after purchasing an additional 1,408 shares in the last quarter.
Analyst Ratings Changes
Several brokerages have recently weighed in on GEV. William Blair restated an "outperform" rating on shares of GE Vernova in a report on Thursday, January 23rd. Royal Bank of Canada decreased their price objective on GE Vernova from $453.00 to $445.00 and set an "outperform" rating on the stock in a report on Tuesday, March 18th. Guggenheim reiterated a "buy" rating and set a $380.00 price target on shares of GE Vernova in a report on Thursday, April 17th. BMO Capital Markets dropped their price target on shares of GE Vernova from $471.00 to $420.00 and set an "outperform" rating for the company in a research report on Monday, March 3rd. Finally, Marathon Capitl upgraded shares of GE Vernova to a "strong-buy" rating in a report on Friday, January 31st. Six research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and four have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $365.54.
Read Our Latest Research Report on GEV
GE Vernova Stock Performance
Shares of NYSE GEV traded up $12.98 during midday trading on Wednesday, reaching $339.05. 3,073,433 shares of the company's stock were exchanged, compared to its average volume of 3,362,638. The stock has a market capitalization of $92.68 billion and a PE ratio of 60.98. GE Vernova Inc. has a 52-week low of $137.87 and a 52-week high of $447.50. The business's fifty day moving average price is $319.66 and its two-hundred day moving average price is $330.98.
GE Vernova (NYSE:GEV - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The company reported $0.91 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 the consensus estimate of $7.56 billion. GE Vernova had a net margin of 4.44% and a return on equity of 6.70%. During the same period in the prior year, the firm posted ($0.47) EPS. Analysts predict that GE Vernova Inc. will post 6.59 earnings per share for the current fiscal year.
GE Vernova Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, May 16th. Shareholders of record on Friday, April 18th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.29%. The ex-dividend date of this dividend is Thursday, April 17th. GE Vernova's payout ratio is 17.99%.
GE Vernova Company Profile
(
Free Report)
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.
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