GE Vernova Inc. (NYSE:GEV) Shares Acquired by BNP Paribas

BNP Paribas boosted its holdings in GE Vernova Inc. (NYSE:GEV - Free Report) by 5,128.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,848 shares of the company's stock after purchasing an additional 14,564 shares during the quarter. BNP Paribas' holdings in GE Vernova were worth $4,884,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Register Financial Advisors LLC purchased a new position in GE Vernova during the 4th quarter worth $206,000. GPS Wealth Strategies Group LLC raised its holdings in GE Vernova by 1,126.0% during the fourth quarter. GPS Wealth Strategies Group LLC now owns 895 shares of the company's stock worth $294,000 after purchasing an additional 822 shares in the last quarter. Yarbrough Capital LLC raised its holdings in GE Vernova by 67.2% during the fourth quarter. Yarbrough Capital LLC now owns 2,886 shares of the company's stock worth $949,000 after purchasing an additional 1,160 shares in the last quarter. Legacy Bridge LLC lifted its position in GE Vernova by 77.0% in the fourth quarter. Legacy Bridge LLC now owns 10,982 shares of the company's stock valued at $3,612,000 after purchasing an additional 4,776 shares during the period. Finally, CENTRAL TRUST Co boosted its holdings in GE Vernova by 16.6% in the 4th quarter. CENTRAL TRUST Co now owns 9,872 shares of the company's stock valued at $3,247,000 after purchasing an additional 1,408 shares in the last quarter.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the company. Jefferies Financial Group lifted their price target on GE Vernova from $391.00 to $413.00 and gave the company a "buy" rating in a research note on Thursday, March 27th. BMO Capital Markets lowered their price target on shares of GE Vernova from $471.00 to $420.00 and set an "outperform" rating on the stock in a research note on Monday, March 3rd. Citigroup cut their price target on shares of GE Vernova from $437.00 to $354.00 and set a "neutral" rating for the company in a report on Monday, April 14th. The Goldman Sachs Group boosted their price objective on shares of GE Vernova from $446.00 to $500.00 and gave the stock a "buy" rating in a report on Friday, January 24th. Finally, Truist Financial set a $440.00 target price on shares of GE Vernova in a report on Thursday, March 27th. Six investment analysts have rated the stock with a hold rating, twenty-two have given a buy rating and four have issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $369.22.

GE Vernova Trading Up 1.4 %

Shares of GEV traded up $5.71 during midday trading on Wednesday, reaching $406.94. 2,488,560 shares of the company were exchanged, compared to its average volume of 3,322,817. GE Vernova Inc. has a 1-year low of $150.01 and a 1-year high of $447.50. The company has a market cap of $111.07 billion and a price-to-earnings ratio of 73.19. The stock has a 50-day moving average price of $325.61 and a 200-day moving average price of $338.49.

GE Vernova (NYSE:GEV - Get Free Report) last released its quarterly 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. GE Vernova had a return on equity of 6.70% and a net margin of 4.44%. The firm had revenue of $8.03 billion during the quarter, compared to analysts' expectations of $7.56 billion. During the same quarter in the prior year, the business earned ($0.47) EPS. GE Vernova's quarterly revenue was up 10.6% compared to the same quarter last year. Equities research analysts anticipate that GE Vernova Inc. will post 6.59 earnings per share for the current year.

GE Vernova Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 16th. Shareholders of record on Friday, April 18th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Thursday, April 17th. This represents a $1.00 dividend on an annualized basis and a yield of 0.25%. GE Vernova's dividend payout ratio is currently 14.41%.

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.