Lbp Am Sa Has $31.91 Million Position in GE Vernova Inc. (NYSE:GEV)

Lbp Am Sa increased its holdings in shares of GE Vernova Inc. (NYSE:GEV - Free Report) by 174.4% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 104,539 shares of the company's stock after acquiring an additional 66,448 shares during the period. Lbp Am Sa's holdings in GE Vernova were worth $31,914,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in GEV. Axxcess Wealth Management LLC lifted its holdings in GE Vernova by 39.2% during the 1st quarter. Axxcess Wealth Management LLC now owns 5,619 shares of the company's stock valued at $1,715,000 after purchasing an additional 1,583 shares during the last quarter. Court Place Advisors LLC lifted its holdings in GE Vernova by 3.3% during the 1st quarter. Court Place Advisors LLC now owns 1,424 shares of the company's stock valued at $435,000 after purchasing an additional 46 shares during the last quarter. Rehmann Capital Advisory Group lifted its holdings in GE Vernova by 43.9% during the 1st quarter. Rehmann Capital Advisory Group now owns 1,363 shares of the company's stock valued at $416,000 after purchasing an additional 416 shares during the last quarter. Cornerstone Planning Group LLC lifted its holdings in GE Vernova by 312.7% during the 1st quarter. Cornerstone Planning Group LLC now owns 260 shares of the company's stock valued at $87,000 after purchasing an additional 197 shares during the last quarter. Finally, Linden Thomas Advisory Services LLC lifted its holdings in GE Vernova by 3.5% during the 1st quarter. Linden Thomas Advisory Services LLC now owns 10,253 shares of the company's stock valued at $3,130,000 after purchasing an additional 351 shares during the last quarter.

GE Vernova Stock Down 0.0%

Shares of GEV stock opened at $530.09 on Wednesday. The company's fifty day simple moving average is $467.60 and its 200-day simple moving average is $385.87. The firm has a market cap of $144.68 billion, a PE ratio of 76.38, a P/E/G ratio of 4.08 and a beta of 1.86. GE Vernova Inc. has a 12 month low of $150.01 and a 12 month high of $537.22.

GE Vernova (NYSE:GEV - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The company reported $0.91 EPS for the quarter, topping analysts' consensus estimates of $0.37 by $0.54. The business had revenue of $8.03 billion for the quarter, compared to analyst estimates of $7.56 billion. GE Vernova had a net margin of 5.42% and a return on equity of 10.10%. The firm's revenue for the quarter was up 10.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.47) earnings per share. On average, equities analysts predict that GE Vernova Inc. will post 6.59 earnings per share for the current fiscal year.

GE Vernova Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 18th. Stockholders of record on Monday, July 21st will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.19%. The ex-dividend date of this dividend is Monday, July 21st. GE Vernova's dividend payout ratio is presently 14.41%.

Wall Street Analysts Forecast Growth

GEV has been the subject of several analyst reports. Guggenheim reissued a "buy" rating and set a $380.00 price target on shares of GE Vernova in a report on Thursday, April 24th. BMO Capital Markets boosted their target price on shares of GE Vernova from $522.00 to $590.00 and gave the stock an "outperform" rating in a research note on Tuesday. Jefferies Financial Group downgraded shares of GE Vernova from a "buy" rating to a "hold" rating and boosted their target price for the stock from $427.00 to $517.00 in a research note on Thursday, May 29th. Wolfe Research downgraded shares of GE Vernova from an "outperform" rating to a "peer perform" rating in a research note on Friday, June 13th. Finally, Wall Street Zen raised shares of GE Vernova from a "hold" rating to a "buy" rating in a research note on Saturday. Seven analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $450.13.

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.

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