Nomura Asset Management Co. Ltd. Has $49.07 Million Stock Holdings in GE Vernova Inc. (NYSE:GEV)

Nomura Asset Management Co. Ltd. boosted its stake in GE Vernova Inc. (NYSE:GEV - Free Report) by 87.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 149,167 shares of the company's stock after buying an additional 69,735 shares during the quarter. Nomura Asset Management Co. Ltd. owned approximately 0.05% of GE Vernova worth $49,066,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the stock. New Age Alpha Advisors LLC raised its stake in shares of GE Vernova by 5,100.0% during the 4th quarter. New Age Alpha Advisors LLC now owns 10,000 shares of the company's stock worth $3,289,000 after purchasing an additional 10,200 shares in the last quarter. Providence Capital Advisors LLC raised its position in GE Vernova by 4.4% during the fourth quarter. Providence Capital Advisors LLC now owns 884 shares of the company's stock valued at $291,000 after acquiring an additional 37 shares in the last quarter. Norges Bank acquired a new stake in GE Vernova in the fourth quarter valued at approximately $1,109,720,000. Caisse Des Depots ET Consignations bought a new stake in GE Vernova in the fourth quarter worth approximately $768,000. Finally, Blair William & Co. IL increased its stake in shares of GE Vernova by 86.6% during the 4th quarter. Blair William & Co. IL now owns 130,595 shares of the company's stock worth $42,957,000 after purchasing an additional 60,617 shares during the last quarter.

Analyst Upgrades and Downgrades

Several equities analysts have commented on GEV shares. Marathon Capitl raised shares of GE Vernova to a "strong-buy" rating in a research report on Friday, January 31st. Robert W. Baird started coverage on GE Vernova in a research note on Thursday, February 13th. They issued an "outperform" rating and a $448.00 price objective on the stock. Wolfe Research began coverage on GE Vernova in a research report on Wednesday, December 4th. They set an "outperform" rating and a $403.00 target price for the company. William Blair restated an "outperform" rating on shares of GE Vernova in a research note on Thursday, January 23rd. Finally, BMO Capital Markets decreased their price objective on shares of GE Vernova from $471.00 to $420.00 and set an "outperform" rating for the company in a report on Monday, March 3rd. Seven research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and four have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $349.54.

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GE Vernova Trading Up 0.2 %

NYSE GEV traded up $0.65 during trading hours on Monday, reaching $303.58. 2,934,660 shares of the company's stock were exchanged, compared to its average volume of 3,589,752. The firm has a fifty day moving average of $345.68 and a 200-day moving average of $323.33. GE Vernova Inc. has a one year low of $119.00 and a one year high of $447.50. The stock has a market cap of $83.76 billion and a PE ratio of 54.63.

GE Vernova (NYSE:GEV - Get Free Report) last issued its quarterly earnings results on Wednesday, January 22nd. The company reported $1.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.30 by ($0.57). The firm had revenue of $10.56 billion for the quarter, compared to analyst estimates of $10.70 billion. GE Vernova had a net margin of 4.44% and a return on equity of 6.70%. The firm's revenue was up 5.1% compared to the same quarter last year. As a group, research analysts forecast that GE Vernova Inc. will post 6.59 EPS for the current year.

GE Vernova announced that its Board of Directors has authorized a share repurchase plan on Tuesday, December 10th that permits the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization permits the company to purchase up to 6.7% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's board of directors believes its stock is undervalued.

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.