Temasek Holdings Private Ltd Sells 59,423 Shares of GE Vernova Inc. (NYSE:GEV)

Temasek Holdings Private Ltd lessened its position in GE Vernova Inc. (NYSE:GEV - Free Report) by 23.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 190,447 shares of the company's stock after selling 59,423 shares during the period. Temasek Holdings Private Ltd owned approximately 0.07% of GE Vernova worth $62,644,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. MRP Capital Investments LLC acquired a new stake in GE Vernova in the 4th quarter valued at about $25,000. Cedar Mountain Advisors LLC raised its stake in shares of GE Vernova by 102.6% in the 4th quarter. Cedar Mountain Advisors LLC now owns 77 shares of the company's stock valued at $25,000 after acquiring an additional 39 shares in the last quarter. Fairway Wealth LLC boosted its holdings in GE Vernova by 220.0% during the fourth quarter. Fairway Wealth LLC now owns 80 shares of the company's stock valued at $26,000 after acquiring an additional 55 shares during the period. Pineridge Advisors LLC boosted its holdings in GE Vernova by 530.8% during the fourth quarter. Pineridge Advisors LLC now owns 82 shares of the company's stock valued at $27,000 after acquiring an additional 69 shares during the period. Finally, Navigoe LLC bought a new position in GE Vernova during the fourth quarter worth $27,000.

Analyst Upgrades and Downgrades

A number of analysts have commented on GEV shares. William Blair reiterated an "outperform" rating on shares of GE Vernova in a research report on Thursday, January 23rd. The Goldman Sachs Group raised their price target on GE Vernova from $446.00 to $500.00 and gave the company a "buy" rating in a report on Friday, January 24th. Barclays dropped their target price on shares of GE Vernova from $487.00 to $427.00 and set an "overweight" rating for the company in a research report on Monday, March 3rd. Jefferies Financial Group lifted their price objective on shares of GE Vernova from $391.00 to $413.00 and gave the stock a "buy" rating in a research note on Thursday, March 27th. Finally, Citigroup lowered their price target on GE Vernova from $437.00 to $354.00 and set a "neutral" rating for the company in a report on Monday, April 14th. Six analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and four have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $374.62.

GE Vernova Trading Up 0.9%

Shares of GEV traded up $3.84 during midday trading on Wednesday, reaching $453.88. The stock had a trading volume of 3,925,800 shares, compared to its average volume of 3,331,693. The firm has a 50 day simple moving average of $349.99 and a 200-day simple moving average of $347.66. GE Vernova Inc. has a one year low of $150.01 and a one year high of $462.89. The firm has a market cap of $123.88 billion and a PE ratio of 81.63.

GE Vernova (NYSE:GEV - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The company reported $0.91 earnings per share for the quarter, topping analysts' consensus estimates of $0.37 by $0.54. The firm had revenue of $8.03 billion for the quarter, compared to analysts' expectations of $7.56 billion. GE Vernova had a net margin of 4.44% and a return on equity of 6.70%. The company's revenue 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. As a group, research analysts forecast that GE Vernova Inc. will post 6.59 EPS for the current fiscal year.

GE Vernova Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 16th. Investors of record on Friday, April 18th were issued a $0.25 dividend. The ex-dividend date of this dividend was Thursday, April 17th. This represents a $1.00 dividend on an annualized basis and a yield of 0.22%. GE Vernova's dividend payout ratio (DPR) is presently 14.41%.

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.