Credit Agricole S A Has $48.96 Million Position in GE Vernova Inc. $GEV

Key Points

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Credit Agricole S A raised its holdings in shares of GE Vernova Inc. (NYSE:GEV - Free Report) by 10.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 160,383 shares of the company's stock after acquiring an additional 14,910 shares during the quarter. Credit Agricole S A owned approximately 0.06% of GE Vernova worth $48,962,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the business. Navigoe LLC purchased a new stake in shares of GE Vernova during the fourth quarter worth about $27,000. EQ Wealth Advisors LLC acquired a new position in shares of GE Vernova during the first quarter worth $27,000. IMA Advisory Services Inc. acquired a new position in shares of GE Vernova during the first quarter worth $27,000. Clarity Asset Management Inc. acquired a new stake in GE Vernova in the fourth quarter valued at $28,000. Finally, Orion Capital Management LLC bought a new stake in shares of GE Vernova in the 4th quarter valued at approximately $30,000.

Analyst Ratings Changes

Several equities analysts have recently commented on GEV shares. Robert W. Baird upped their price target on shares of GE Vernova from $568.00 to $706.00 and gave the stock an "outperform" rating in a research report on Thursday, July 24th. JPMorgan Chase & Co. boosted their target price on GE Vernova from $620.00 to $715.00 and gave the stock an "overweight" rating in a report on Thursday, July 24th. UBS Group started coverage on GE Vernova in a research note on Monday, July 7th. They set a "buy" rating and a $614.00 price target for the company. Mizuho downgraded GE Vernova from an "outperform" rating to a "neutral" rating and set a $670.00 price objective on the stock. in a research note on Monday, July 28th. Finally, BMO Capital Markets lifted their target price on GE Vernova from $590.00 to $690.00 and gave the stock an "outperform" rating in a report on Thursday, July 24th. Four investment analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $560.21.

GE Vernova Trading Up 0.2%

GEV stock traded up $1.3380 during mid-day trading on Thursday, reaching $605.9280. 2,564,701 shares of the stock traded hands, compared to its average volume of 3,563,043. GE Vernova Inc. has a 52-week low of $173.07 and a 52-week high of $677.29. The company has a market cap of $164.95 billion, a P/E ratio of 146.01, a P/E/G ratio of 4.17 and a beta of 1.90. The stock's fifty day moving average is $571.62 and its 200-day moving average is $437.96.

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

GE Vernova Dividend Announcement

The business 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. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend was Monday, July 21st. GE Vernova's dividend payout ratio is 24.10%.

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.