GE Vernova Inc. (NYSE:GEV) Position Increased by Nomura Holdings Inc.

Nomura Holdings Inc. raised its holdings in shares of GE Vernova Inc. (NYSE:GEV - Free Report) by 2,391.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 33,886 shares of the company's stock after purchasing an additional 32,526 shares during the period. Nomura Holdings Inc.'s holdings in GE Vernova were worth $11,146,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Night Owl Capital Management LLC increased its stake in GE Vernova by 49.1% during the fourth quarter. Night Owl Capital Management LLC now owns 117,211 shares of the company's stock valued at $38,554,000 after purchasing an additional 38,581 shares during the last quarter. NorthRock Partners LLC grew its position in shares of GE Vernova by 288.9% during the fourth quarter. NorthRock Partners LLC now owns 4,200 shares of the company's stock worth $1,382,000 after acquiring an additional 3,120 shares during the last quarter. Nuveen Asset Management LLC increased its holdings in shares of GE Vernova by 5.0% in the 4th quarter. Nuveen Asset Management LLC now owns 614,792 shares of the company's stock worth $202,224,000 after acquiring an additional 29,548 shares during the period. OMERS ADMINISTRATION Corp increased its holdings in shares of GE Vernova by 18.4% in the 4th quarter. OMERS ADMINISTRATION Corp now owns 11,421 shares of the company's stock worth $3,757,000 after acquiring an additional 1,774 shares during the period. Finally, OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of GE Vernova in the 4th quarter worth about $4,079,000.

GE Vernova Stock Performance

NYSE GEV traded up $1.66 on Friday, reaching $428.63. The company's stock had a trading volume of 2,595,385 shares, compared to its average volume of 3,320,423. GE Vernova Inc. has a twelve month low of $150.01 and a twelve month high of $447.50. The stock has a market cap of $116.99 billion and a PE ratio of 77.09. The firm's 50 day moving average is $344.05 and its two-hundred day moving average is $345.63.

GE Vernova (NYSE:GEV - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The company reported $0.91 earnings per share for the quarter, beating analysts' consensus estimates of $0.37 by $0.54. GE Vernova had a net margin of 4.44% and a return on equity of 6.70%. The company had revenue of $8.03 billion during the quarter, compared to the consensus estimate of $7.56 billion. During the same period in the prior year, the company earned ($0.47) EPS. GE Vernova's revenue was up 10.6% on a year-over-year basis. Equities research analysts anticipate that GE Vernova Inc. will post 6.59 EPS for the current fiscal year.

GE Vernova Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 16th. Shareholders of record on Friday, April 18th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.23%. The ex-dividend date was Thursday, April 17th. GE Vernova's payout ratio is 14.41%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. BMO Capital Markets dropped their price objective on shares of GE Vernova from $471.00 to $420.00 and set an "outperform" rating on the stock in a report on Monday, March 3rd. New Street Research set a $380.00 price objective on shares of GE Vernova in a report on Wednesday, March 5th. Barclays dropped their price objective on shares of GE Vernova from $487.00 to $427.00 and set an "overweight" rating on the stock in a report on Monday, March 3rd. Johnson Rice assumed coverage on shares of GE Vernova in a report on Friday, February 7th. They issued a "buy" rating and a $425.00 price objective on the stock. Finally, Susquehanna reaffirmed a "positive" rating and issued a $499.00 price objective (up previously from $399.00) on shares of GE Vernova in a report on Wednesday. Six research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and four have given a strong buy rating to the company. According to data from MarketBeat.com, GE Vernova presently has a consensus rating of "Moderate Buy" and a consensus price target of $374.62.

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.