MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $19 Million Holdings in GE Vernova Inc. $GEV

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in GE Vernova Inc. (NYSE:GEV - Free Report) by 0.8% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 62,500 shares of the company's stock after buying an additional 501 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in GE Vernova were worth $19,003,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Brighton Jones LLC raised its position in GE Vernova by 29.4% in the fourth quarter. Brighton Jones LLC now owns 3,315 shares of the company's stock valued at $1,091,000 after purchasing an additional 753 shares during the last quarter. American Assets Inc. bought a new position in GE Vernova in the fourth quarter valued at about $658,000. Ethic Inc. bought a new position in GE Vernova in the fourth quarter valued at about $4,601,000. Ensign Peak Advisors Inc raised its position in GE Vernova by 23.3% in the fourth quarter. Ensign Peak Advisors Inc now owns 115,657 shares of the company's stock valued at $38,043,000 after purchasing an additional 21,853 shares during the last quarter. Finally, Focus Partners Wealth raised its position in GE Vernova by 18.3% in the fourth quarter. Focus Partners Wealth now owns 34,166 shares of the company's stock valued at $11,754,000 after purchasing an additional 5,283 shares during the last quarter.

Analyst Ratings Changes

Several equities analysts have commented on GEV shares. Citigroup increased their target price on GE Vernova from $544.00 to $670.00 and gave the company a "neutral" rating in a research report on Thursday, July 24th. Guggenheim downgraded GE Vernova from a "buy" rating to a "neutral" rating in a research report on Monday, July 28th. JPMorgan Chase & Co. increased their target price on GE Vernova from $620.00 to $715.00 and gave the company an "overweight" rating in a research report on Thursday, July 24th. Robert W. Baird increased their target price on GE Vernova from $568.00 to $706.00 and gave the company an "outperform" rating in a research report on Thursday, July 24th. Finally, Bank of America increased their target price on GE Vernova from $550.00 to $620.00 and gave the company a "buy" rating in a research report on Thursday, July 17th. Four equities research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $573.75.

GE Vernova Price Performance

Shares of GEV opened at $581.92 on Monday. GE Vernova Inc. has a 1 year low of $193.38 and a 1 year high of $677.29. The company has a market capitalization of $158.41 billion, a price-to-earnings ratio of 140.22, a price-to-earnings-growth ratio of 4.02 and a beta of 1.88. The business has a 50-day moving average of $597.95 and a 200-day moving average of $458.69.

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

GE Vernova Dividend Announcement

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

Insiders Place Their Bets

In other GE Vernova news, CFO Kenneth Scott Parks sold 3,300 shares of GE Vernova stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $620.00, for a total value of $2,046,000.00. Following the completion of the sale, the chief financial officer directly owned 7,590 shares in the company, valued at approximately $4,705,800. The trade was a 30.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.15% of the company's stock.

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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