Credit Agricole S A Buys 14,910 Shares of GE Vernova Inc. $GEV

Key Points

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Credit Agricole S A raised its holdings in GE Vernova Inc. (NYSE:GEV - Free Report) by 10.2% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 160,383 shares of the company's stock after buying an additional 14,910 shares during the quarter. Credit Agricole S A owned 0.06% of GE Vernova worth $48,962,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Navigoe LLC acquired a new position in shares of GE Vernova during the fourth quarter worth approximately $27,000. EQ Wealth Advisors LLC acquired a new position in shares of GE Vernova during the first quarter worth approximately $27,000. IMA Advisory Services Inc. acquired a new position in shares of GE Vernova during the first quarter worth approximately $27,000. Clarity Asset Management Inc. acquired a new position in shares of GE Vernova during the fourth quarter worth approximately $28,000. Finally, Orion Capital Management LLC acquired a new position in shares of GE Vernova during the fourth quarter worth approximately $30,000.

GE Vernova Trading Up 0.0%

Shares of GEV stock traded up $0.1210 on Friday, hitting $606.1210. 2,724,290 shares of the stock were exchanged, compared to its average volume of 2,615,281. The firm has a market capitalization of $165.00 billion, a PE ratio of 146.05, a P/E/G ratio of 4.19 and a beta of 1.90. GE Vernova Inc. has a one year low of $173.07 and a one year high of $677.29. The firm's 50 day moving average is $576.57 and its two-hundred day moving average is $441.37.

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 for the quarter, topping the consensus estimate of $1.63 by $0.23. The company had revenue of $9.11 billion during the quarter, compared to the consensus estimate of $8.78 billion. GE Vernova had a return on equity of 13.23% and a net margin of 3.16%.The firm's quarterly revenue was up 11.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $4.65 EPS. GE Vernova has set its FY 2025 guidance at EPS. On average, sell-side analysts expect that GE Vernova Inc. will post 6.59 earnings per share for the current year.

GE Vernova Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on GEV shares. BMO Capital Markets increased their price target on GE Vernova from $590.00 to $690.00 and gave the company an "outperform" rating in a research report on Thursday, July 24th. Wells Fargo & Company increased their price target on GE Vernova from $474.00 to $697.00 and gave the company an "overweight" rating in a research report on Thursday, July 24th. Susquehanna increased their price target on GE Vernova from $662.00 to $736.00 and gave the company a "positive" rating in a research report on Thursday, July 24th. Glj Research assumed coverage on GE Vernova in a research note on Monday, June 23rd. They issued a "buy" rating for the company. Finally, Morgan Stanley raised their target price on GE Vernova from $511.00 to $675.00 and gave the company an "overweight" rating in a research report on Thursday, July 24th. Four analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and nine have given a Hold rating to the company's stock. According to MarketBeat, GE Vernova currently has a consensus rating of "Moderate Buy" and an average price target of $560.21.

About GE Vernova

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.