Natixis Purchases New Position in GE Vernova Inc. (NYSE:GEV)

Natixis bought a new stake in GE Vernova Inc. (NYSE:GEV - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 10,361 shares of the company's stock, valued at approximately $3,408,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of GEV. Howard Capital Management Group LLC acquired a new stake in GE Vernova in the 3rd quarter valued at approximately $213,000. Virtu Financial LLC acquired a new position in shares of GE Vernova during the 3rd quarter worth approximately $1,481,000. Westside Investment Management Inc. increased its position in shares of GE Vernova by 24.0% during the 3rd quarter. Westside Investment Management Inc. now owns 362 shares of the company's stock worth $92,000 after purchasing an additional 70 shares during the last quarter. Fulcrum Equity Management acquired a new position in shares of GE Vernova during the 3rd quarter worth approximately $218,000. Finally, World Investment Advisors LLC increased its position in shares of GE Vernova by 41.4% during the 3rd quarter. World Investment Advisors LLC now owns 2,876 shares of the company's stock worth $733,000 after purchasing an additional 842 shares during the last quarter.

Wall Street Analysts Forecast Growth

GEV has been the topic of several recent analyst reports. JPMorgan Chase & Co. lowered their price target on GE Vernova from $436.00 to $425.00 and set an "overweight" rating on the stock in a research report on Thursday, April 10th. Royal Bank of Canada lowered their price target on GE Vernova from $453.00 to $445.00 and set an "outperform" rating on the stock in a research report on Tuesday, March 18th. Citigroup reduced their target price on GE Vernova from $437.00 to $354.00 and set a "neutral" rating for the company in a research note on Monday, April 14th. Jefferies Financial Group lifted their target price on GE Vernova from $391.00 to $413.00 and gave the stock a "buy" rating in a research note on Thursday, March 27th. Finally, TD Cowen reduced their target price on GE Vernova from $405.00 to $390.00 and set a "buy" rating for the company in a research note on Thursday. 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. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $369.22.

GE Vernova Stock Up 3.4 %

Shares of NYSE:GEV traded up $12.13 during trading on Friday, reaching $372.62. 3,956,787 shares of the company traded hands, compared to its average volume of 3,355,503. The company's 50 day moving average is $318.90 and its two-hundred day moving average is $333.37. The firm has a market capitalization of $101.85 billion and a PE ratio of 67.02. GE Vernova Inc. has a 52 week low of $149.42 and a 52 week 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. As a group, research analysts anticipate that GE Vernova Inc. will post 6.59 EPS for the current year.

GE Vernova Announces Dividend

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

GE Vernova 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.