Natixis Advisors LLC Has $69.44 Million Stock Holdings in GE Vernova Inc. (NYSE:GEV)

Key Points

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Natixis Advisors LLC boosted its holdings in shares of GE Vernova Inc. (NYSE:GEV - Free Report) by 0.9% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 227,446 shares of the company's stock after acquiring an additional 2,055 shares during the quarter. Natixis Advisors LLC owned approximately 0.08% of GE Vernova worth $69,435,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Navigoe LLC bought a new position in shares of GE Vernova in the fourth quarter valued at approximately $27,000. EQ Wealth Advisors LLC bought a new position in shares of GE Vernova in the first quarter valued at approximately $27,000. IMA Advisory Services Inc. bought a new position in shares of GE Vernova in the first quarter valued at approximately $27,000. Clarity Asset Management Inc. bought a new position in shares of GE Vernova in the fourth quarter valued at approximately $28,000. Finally, Pinpoint Asset Management Ltd bought a new position in shares of GE Vernova in the fourth quarter valued at approximately $30,000.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on GEV. TD Cowen raised their price objective on shares of GE Vernova from $390.00 to $685.00 and gave the stock a "buy" rating in a research note on Friday, July 25th. Mizuho downgraded shares of 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. Bank of America lifted their price objective on GE Vernova from $550.00 to $620.00 and gave the company a "buy" rating in a report on Thursday, July 17th. Citigroup lifted their price objective on GE Vernova from $544.00 to $670.00 and gave the company a "neutral" rating in a report on Thursday, July 24th. Finally, Wall Street Zen cut GE Vernova from a "buy" rating to a "hold" rating in a report on Saturday, July 26th. Ten analysts have rated the stock with a hold rating, eighteen have issued a buy rating and four have issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $560.21.

GE Vernova Stock Performance

NYSE:GEV traded down $7.38 on Friday, hitting $652.91. 746,192 shares of the stock were exchanged, compared to its average volume of 3,653,724. The stock has a market capitalization of $177.74 billion, a price-to-earnings ratio of 156.94, a P/E/G ratio of 4.53 and a beta of 1.86. GE Vernova Inc. has a 52 week low of $150.01 and a 52 week high of $677.29. The company's 50-day moving average price is $526.57 and its 200 day moving average price is $413.87.

GE Vernova (NYSE:GEV - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The company reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate 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 return on equity of 13.23% and a net margin of 3.16%. The company's revenue for the quarter was up 11.1% compared to the same quarter last year. During the same period in the previous year, the company earned $4.65 EPS. As a group, equities research analysts predict 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 will be paid on Monday, August 18th. Stockholders of record on Monday, July 21st will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.2%. The ex-dividend date is Monday, July 21st. GE Vernova's payout ratio is presently 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.