10,432 Shares in GE Vernova Inc. $GEV Acquired by AG2R LA Mondiale Gestion D Actifs

Key Points

• AG2R LA Mondiale Gestion D Actifs has acquired a new stake in GE Vernova Inc., purchasing 10,432 shares valued at approximately $3.185 million during the first quarter.
• Wall Street analysts have mixed ratings for GE Vernova, with Mizuho lowering the rating to "neutral" while others, like Susquehanna, have increased the target price to $736.
• GE Vernova reported earnings of $1.86 per share for the last quarter, exceeding expectations and reflecting an 11.1% increase in revenue compared to the same quarter the previous year.

AG2R LA Mondiale Gestion D Actifs acquired a new stake in shares of GE Vernova Inc. (NYSE:GEV - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 10,432 shares of the company's stock, valued at approximately $3,185,000.

A number of other hedge funds have also recently made changes to their positions in the business. Swedbank AB grew its holdings in shares of GE Vernova by 38.1% during the first quarter. Swedbank AB now owns 190,148 shares of the company's stock valued at $58,048,000 after buying an additional 52,461 shares during the last quarter. Voya Investment Management LLC boosted its holdings in GE Vernova by 23.7% during the first quarter. Voya Investment Management LLC now owns 124,458 shares of the company's stock worth $37,995,000 after purchasing an additional 23,815 shares during the last quarter. Howe & Rusling Inc. boosted its holdings in GE Vernova by 5.3% during the first quarter. Howe & Rusling Inc. now owns 934 shares of the company's stock worth $285,000 after purchasing an additional 47 shares during the last quarter. BROOKFIELD Corp ON boosted its holdings in GE Vernova by 0.3% during the first quarter. BROOKFIELD Corp ON now owns 10,564 shares of the company's stock worth $3,225,000 after purchasing an additional 35 shares during the last quarter. Finally, 1248 Management LLC purchased a new position in GE Vernova during the first quarter worth about $31,000.

GE Vernova Trading Up 0.4%

Shares of NYSE GEV traded up $2.54 during midday trading on Monday, hitting $628.09. The company's stock had a trading volume of 1,849,780 shares, compared to its average volume of 3,502,302. The stock has a fifty day moving average price of $608.65 and a 200 day moving average price of $469.09. GE Vernova Inc. has a one year low of $225.24 and a one year high of $677.29. The firm has a market capitalization of $170.98 billion, a price-to-earnings ratio of 151.35, a P/E/G ratio of 4.32 and a beta of 1.88.

GE Vernova (NYSE:GEV - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The company reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.63 by $0.23. GE Vernova had a net margin of 3.16% and a return on equity of 13.23%. The company had revenue of $9.11 billion for the quarter, compared to analyst estimates of $8.78 billion. During the same quarter in the previous year, the firm posted $4.65 earnings per share. The company's quarterly revenue was up 11.1% compared to the same quarter last year. GE Vernova has set its FY 2025 guidance at EPS. On average, equities research analysts predict that GE Vernova Inc. will post 6.59 earnings per share for the current fiscal year.

GE Vernova Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 18th. Stockholders of record on Monday, July 21st were given a $0.25 dividend. The ex-dividend date of this dividend was Monday, July 21st. This represents a $1.00 annualized dividend and a dividend yield of 0.2%. GE Vernova's payout ratio is 24.10%.

Wall Street Analysts Forecast Growth

GEV has been the topic of several analyst reports. Wolfe Research cut shares of GE Vernova from an "outperform" rating to a "peer perform" rating in a report on Friday, June 13th. Mizuho cut shares of GE Vernova from an "outperform" rating to a "neutral" rating and set a $670.00 price target on the stock. in a report on Monday, July 28th. UBS Group initiated coverage on shares of GE Vernova in a report on Monday, July 7th. They set a "buy" rating and a $614.00 price target on the stock. Robert W. Baird boosted their price target on shares of GE Vernova from $568.00 to $706.00 and gave the stock an "outperform" rating in a report on Thursday, July 24th. Finally, Guggenheim cut shares of GE Vernova from a "buy" rating to a "neutral" rating in a report on Monday, July 28th. Four equities research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $592.35.

Insider Activity

In other news, CFO Kenneth Scott Parks sold 3,300 shares of the business's stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $620.00, for a total value of $2,046,000.00. Following the sale, the chief financial officer owned 7,590 shares of the company's stock, valued at $4,705,800. The trade was a 30.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.15% of the stock is currently owned by company insiders.

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.