Asset Management One Co. Ltd. Buys 7,301 Shares of GE Vernova Inc. (NYSE:GEV)

Asset Management One Co. Ltd. raised its holdings in GE Vernova Inc. (NYSE:GEV - Free Report) by 6.6% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 117,125 shares of the company's stock after acquiring an additional 7,301 shares during the quarter. Asset Management One Co. Ltd.'s holdings in GE Vernova were worth $35,756,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in GEV. Brighton Jones LLC boosted its stake in shares of GE Vernova by 29.4% in the 4th quarter. Brighton Jones LLC now owns 3,315 shares of the company's stock valued at $1,091,000 after purchasing an additional 753 shares during the last quarter. Sigma Planning Corp boosted its stake in shares of GE Vernova by 9.4% in the 4th quarter. Sigma Planning Corp now owns 4,241 shares of the company's stock valued at $1,395,000 after purchasing an additional 364 shares during the last quarter. Wealthspire Advisors LLC boosted its stake in shares of GE Vernova by 8.7% in the 4th quarter. Wealthspire Advisors LLC now owns 4,989 shares of the company's stock valued at $1,641,000 after purchasing an additional 400 shares during the last quarter. Howard Capital Management Inc. boosted its stake in shares of GE Vernova by 5.1% in the 4th quarter. Howard Capital Management Inc. now owns 1,678 shares of the company's stock valued at $552,000 after purchasing an additional 81 shares during the last quarter. Finally, MONECO Advisors LLC bought a new stake in shares of GE Vernova in the 4th quarter valued at $284,000.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. BMO Capital Markets upped their price objective on shares of GE Vernova from $381.00 to $522.00 and gave the company an "outperform" rating in a research note on Friday, May 30th. Royal Bank Of Canada reduced their price objective on shares of GE Vernova from $453.00 to $445.00 and set an "outperform" rating on the stock in a research note on Tuesday, March 18th. Morgan Stanley upped their price objective on shares of GE Vernova from $422.00 to $511.00 and gave the company an "overweight" rating in a research note on Tuesday. Guggenheim reaffirmed a "buy" rating and issued a $380.00 price objective on shares of GE Vernova in a research note on Thursday, April 24th. Finally, Truist Financial set a $440.00 price objective on shares of GE Vernova in a research note on Thursday, March 27th. Eight investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, GE Vernova has an average rating of "Moderate Buy" and a consensus price target of $429.13.

GE Vernova Stock Performance

Shares of GE Vernova stock traded up $4.07 during trading hours on Thursday, reaching $506.74. The company's stock had a trading volume of 2,204,658 shares, compared to its average volume of 3,262,534. GE Vernova Inc. has a one year low of $150.01 and a one year high of $522.97. The company has a market capitalization of $138.30 billion, a P/E ratio of 73.02, a P/E/G ratio of 3.97 and a beta of 1.97. The stock's fifty day simple moving average is $436.25 and its two-hundred day simple moving average is $374.00.

GE Vernova (NYSE:GEV - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The company reported $0.91 earnings per share for the quarter, beating analysts' consensus estimates of $0.37 by $0.54. GE Vernova had a net margin of 5.42% and a return on equity of 10.10%. The company had revenue of $8.03 billion for the quarter, compared to analyst estimates of $7.56 billion. During the same period last year, the firm earned ($0.47) earnings per share. The firm's revenue was up 10.6% on a year-over-year basis. As a group, research analysts forecast that GE Vernova Inc. will post 6.59 earnings per share for the current year.

GE Vernova Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 18th. Investors of record on Monday, July 21st will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, July 21st. This represents a $1.00 dividend on an annualized basis and a yield of 0.20%. GE Vernova's dividend payout ratio (DPR) is presently 14.41%.

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.