GE Vernova Inc. $GEV Shares Sold by Hsbc Holdings PLC

Key Points

• Hsbc Holdings PLC reduced its stake in GE Vernova Inc. by 1.4% during the 1st quarter, holding 457,955 shares valued at approximately $139 million after selling 6,465 shares.
• Recent analyst reports have seen target prices for GE Vernova range from $511 to $736, with the consensus rating being a "Moderate Buy."
• GE Vernova declared a quarterly dividend of $0.25, resulting in an annualized dividend of $1.00 and a yield of 0.2%, with a dividend payout ratio of 24.10%.

Hsbc Holdings PLC lessened its holdings in shares of GE Vernova Inc. (NYSE:GEV - Free Report) by 1.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 457,955 shares of the company's stock after selling 6,465 shares during the period. Hsbc Holdings PLC owned approximately 0.17% of GE Vernova worth $139,026,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on GEV shares. Bank of America lifted their price objective on shares of GE Vernova from $550.00 to $620.00 and gave the company a "buy" rating in a report on Thursday, July 17th. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of GE Vernova in a report on Thursday, July 24th. BMO Capital Markets lifted their price objective on shares of GE Vernova from $590.00 to $690.00 and gave the company an "outperform" rating in a report on Thursday, July 24th. TD Cowen lifted their price objective on shares of GE Vernova from $390.00 to $685.00 and gave the company a "buy" rating in a report on Friday, July 25th. Finally, Jefferies Financial Group cut shares of GE Vernova from a "buy" rating to a "hold" rating and lifted their price objective for the company from $427.00 to $517.00 in a report on Thursday, May 29th. Four investment analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and nine have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $560.21.

GE Vernova Stock Up 0.0%

Shares of NYSE GEV traded up $0.1210 during trading on Friday, hitting $606.1210. The company had a trading volume of 2,724,290 shares, compared to its average volume of 2,615,281. The stock has a fifty day simple moving average of $576.57 and a two-hundred day simple moving average of $441.37. GE Vernova Inc. has a fifty-two week low of $173.07 and a fifty-two week high of $677.29. The firm has a market capitalization of $165.00 billion, a price-to-earnings ratio of 146.05, a price-to-earnings-growth ratio of 4.19 and a beta of 1.90.

GE Vernova (NYSE:GEV - Get Free Report) last announced its 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 business had revenue of $9.11 billion for the quarter, compared to analyst estimates of $8.78 billion. During the same quarter last year, the business earned $4.65 earnings per share. The company's revenue for the quarter was up 11.1% compared to the same quarter last year. GE Vernova has set its FY 2025 guidance at EPS. On average, analysts anticipate that GE Vernova Inc. will post 6.59 earnings per share for the current year.

GE Vernova Announces Dividend

The business also recently announced 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 was Monday, July 21st. This represents a $1.00 annualized dividend and a dividend yield of 0.2%. GE Vernova's dividend payout ratio (DPR) is 24.10%.

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.