GE Vernova Inc. (NYSE:GEV) Shares Bought by Hsbc Holdings PLC

Hsbc Holdings PLC lifted its holdings in shares of GE Vernova Inc. (NYSE:GEV - Free Report) by 2.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 464,420 shares of the company's stock after buying an additional 11,840 shares during the quarter. Hsbc Holdings PLC owned approximately 0.17% of GE Vernova worth $153,192,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Armstrong Advisory Group Inc. increased its position in GE Vernova by 3.5% during the fourth quarter. Armstrong Advisory Group Inc. now owns 798 shares of the company's stock worth $262,000 after purchasing an additional 27 shares during the last quarter. Hengehold Capital Management LLC increased its holdings in shares of GE Vernova by 2.4% during the 4th quarter. Hengehold Capital Management LLC now owns 1,231 shares of the company's stock worth $405,000 after buying an additional 29 shares during the last quarter. AdvisorNet Financial Inc raised its position in shares of GE Vernova by 1.6% during the 4th quarter. AdvisorNet Financial Inc now owns 1,859 shares of the company's stock valued at $611,000 after buying an additional 30 shares during the period. Mutual Advisors LLC lifted its holdings in GE Vernova by 1.2% in the fourth quarter. Mutual Advisors LLC now owns 2,701 shares of the company's stock valued at $888,000 after acquiring an additional 31 shares during the last quarter. Finally, WASHINGTON TRUST Co increased its stake in GE Vernova by 1.9% during the fourth quarter. WASHINGTON TRUST Co now owns 1,702 shares of the company's stock worth $560,000 after acquiring an additional 31 shares during the last quarter.

GE Vernova Stock Up 3.4 %

Shares of GE Vernova stock traded up $12.13 during trading on Friday, hitting $372.62. 3,956,787 shares of the company were exchanged, compared to its average volume of 3,358,999. The firm has a 50 day moving average price of $318.90 and a 200 day moving average price of $332.43. The stock has a market capitalization of $101.85 billion and a price-to-earnings ratio of 67.02. GE Vernova Inc. has a fifty-two week low of $149.42 and a fifty-two week high of $447.50.

GE Vernova (NYSE:GEV - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The company reported $0.91 EPS for the quarter, topping analysts' consensus estimates of $0.45 by $0.46. GE Vernova had a net margin of 4.44% and a return on equity of 6.70%. 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. Analysts predict that GE Vernova Inc. will post 6.59 earnings per share for the current year.

GE Vernova Announces Dividend

The firm also recently declared 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 0.27%. The ex-dividend date of this dividend is Thursday, April 17th. GE Vernova's payout ratio is 14.41%.

Analysts Set New Price Targets

Several equities analysts have recently commented on GEV shares. Jefferies Financial Group upped their price target on GE Vernova from $391.00 to $413.00 and gave the company a "buy" rating in a research note on Thursday, March 27th. Robert W. Baird increased their target price on GE Vernova from $387.00 to $405.00 and gave the stock an "outperform" rating in a research note on Thursday. The Goldman Sachs Group lifted their target price on GE Vernova from $446.00 to $500.00 and gave the company a "buy" rating in a research report on Friday, January 24th. Truist Financial set a $440.00 target price on shares of GE Vernova in a research note on Thursday, March 27th. Finally, Morgan Stanley restated an "overweight" rating and set a $422.00 target price (up from $400.00) on shares of GE Vernova in a research note on Thursday. Six investment analysts have rated the stock with a hold rating, twenty-two have given a buy rating and four have issued a strong buy rating to the company's stock. According to MarketBeat.com, GE Vernova has an average rating of "Moderate Buy" and an average price target of $369.22.

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.