GE Vernova Inc. $GEV Shares Purchased by Groupama Asset Managment

Key Points

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Groupama Asset Managment grew its stake in shares of GE Vernova Inc. (NYSE:GEV - Free Report) by 17.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 105,422 shares of the company's stock after acquiring an additional 15,693 shares during the quarter. Groupama Asset Managment's holdings in GE Vernova were worth $31,935,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of GEV. Westover Capital Advisors LLC increased its position in GE Vernova by 2.3% during the 1st quarter. Westover Capital Advisors LLC now owns 1,130 shares of the company's stock worth $345,000 after purchasing an additional 25 shares in the last quarter. Stonebridge Financial Group LLC increased its position in GE Vernova by 8.9% during the 1st quarter. Stonebridge Financial Group LLC now owns 344 shares of the company's stock worth $105,000 after purchasing an additional 28 shares in the last quarter. Whittier Trust Co. of Nevada Inc. increased its position in GE Vernova by 0.4% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 8,510 shares of the company's stock worth $2,598,000 after purchasing an additional 30 shares in the last quarter. Hemington Wealth Management increased its position in GE Vernova by 20.3% during the 1st quarter. Hemington Wealth Management now owns 178 shares of the company's stock worth $54,000 after purchasing an additional 30 shares in the last quarter. Finally, Fulcrum Equity Management increased its position in GE Vernova by 3.6% during the 4th quarter. Fulcrum Equity Management now owns 886 shares of the company's stock worth $291,000 after purchasing an additional 31 shares in the last quarter.

Analysts Set New Price Targets

A number of research firms recently issued reports on GEV. Seaport Res Ptn raised shares of GE Vernova to a "strong-buy" rating in a research report on Thursday, July 10th. Guggenheim downgraded shares of GE Vernova from a "buy" rating to a "neutral" rating in a research report on Monday, July 28th. Wells Fargo & Company increased their price objective on shares of GE Vernova from $474.00 to $697.00 and gave the company an "overweight" rating in a research report on Thursday, July 24th. Barclays increased their price objective on shares of GE Vernova from $580.00 to $706.00 and gave the company an "overweight" rating in a research report on Thursday, July 24th. Finally, Mizuho downgraded shares of GE Vernova from an "outperform" rating to a "neutral" rating and set a $670.00 price objective for the company. in a research report on Monday, July 28th. Four 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. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $560.21.

GE Vernova Stock Performance

Shares of GEV stock traded up $1.3380 during mid-day trading on Thursday, reaching $605.9280. 2,564,701 shares of the company were exchanged, compared to its average volume of 3,563,043. GE Vernova Inc. has a fifty-two week low of $173.07 and a fifty-two week high of $677.29. The company has a market capitalization 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 business's 50 day simple moving average is $571.62 and its 200 day simple moving average is $437.96.

GE Vernova (NYSE:GEV - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The company reported $1.86 earnings per share for the quarter, topping analysts' consensus estimates of $1.63 by $0.23. GE Vernova had a net margin of 3.16% and a return on equity of 13.23%. The business had revenue of $9.11 billion during the quarter, compared to the consensus estimate of $8.78 billion. During the same quarter last year, the company earned $4.65 earnings per share. The business'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, analysts forecast that GE Vernova Inc. will post 6.59 EPS 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 dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, July 21st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.2%. GE Vernova's dividend payout ratio (DPR) is presently 24.10%.

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.