GE Vernova Inc. (NYSE:GEV) Stock Position Boosted by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in GE Vernova Inc. (NYSE:GEV - Free Report) by 47.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 61,999 shares of the company's stock after buying an additional 19,838 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in GE Vernova were worth $20,438,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Cedar Mountain Advisors LLC boosted its position in GE Vernova by 102.6% during the 4th quarter. Cedar Mountain Advisors LLC now owns 77 shares of the company's stock worth $25,000 after acquiring an additional 39 shares during the last quarter. MRP Capital Investments LLC bought a new position in GE Vernova during the fourth quarter worth $25,000. Fairway Wealth LLC grew its stake in GE Vernova by 220.0% in the 4th quarter. Fairway Wealth LLC now owns 80 shares of the company's stock valued at $26,000 after buying an additional 55 shares during the last quarter. Pineridge Advisors LLC lifted its holdings in GE Vernova by 530.8% during the 4th quarter. Pineridge Advisors LLC now owns 82 shares of the company's stock worth $27,000 after purchasing an additional 69 shares during the last quarter. Finally, Navigoe LLC acquired a new position in shares of GE Vernova in the fourth quarter valued at about $27,000.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Citigroup decreased their price target on GE Vernova from $437.00 to $354.00 and set a "neutral" rating on the stock in a research note on Monday, April 14th. Marathon Capitl raised GE Vernova to a "strong-buy" rating in a research note on Friday, January 31st. Jefferies Financial Group upped their target price on GE Vernova from $391.00 to $413.00 and gave the company a "buy" rating in a research report on Thursday, March 27th. New Street Research set a $380.00 price objective on shares of GE Vernova in a report on Wednesday, March 5th. Finally, Johnson Rice initiated coverage on shares of GE Vernova in a research report on Friday, February 7th. They issued a "buy" rating and a $425.00 price target for the company. Six equities research 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's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $374.62.

GE Vernova Stock Up 3.8%

GEV stock traded up $16.32 on Monday, reaching $444.38. 2,534,710 shares of the company's stock were exchanged, compared to its average volume of 3,319,267. GE Vernova Inc. has a twelve month low of $150.01 and a twelve month high of $447.50. The firm has a market cap of $121.29 billion and a PE ratio of 79.92. The stock has a fifty day moving average of $344.05 and a 200-day moving average of $345.94.

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 (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.54. The company 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 firm's revenue for the quarter was up 10.6% compared to the same quarter last year. During the same period last year, the company earned ($0.47) EPS. On average, equities research analysts predict that GE Vernova Inc. will post 6.59 EPS for the current fiscal year.

GE Vernova Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 16th. Investors of record on Friday, April 18th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.23%. The ex-dividend date of this dividend was Thursday, April 17th. GE Vernova's dividend payout ratio (DPR) is 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.