Nuveen Asset Management LLC Purchases 29,548 Shares of GE Vernova Inc. (NYSE:GEV)

Nuveen Asset Management LLC boosted its holdings in shares of GE Vernova Inc. (NYSE:GEV - Free Report) by 5.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 614,792 shares of the company's stock after purchasing an additional 29,548 shares during the quarter. Nuveen Asset Management LLC owned about 0.22% of GE Vernova worth $202,224,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. OMERS ADMINISTRATION Corp raised its holdings in GE Vernova by 18.4% in the 4th quarter. OMERS ADMINISTRATION Corp now owns 11,421 shares of the company's stock valued at $3,757,000 after acquiring an additional 1,774 shares in the last quarter. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in GE Vernova during the 4th quarter valued at $4,079,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in GE Vernova by 47.1% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 61,999 shares of the company's stock valued at $20,438,000 after buying an additional 19,838 shares during the last quarter. MJP Associates Inc. ADV boosted its position in GE Vernova by 20.2% in the 4th quarter. MJP Associates Inc. ADV now owns 1,016 shares of the company's stock valued at $334,000 after buying an additional 171 shares during the last quarter. Finally, Moore Capital Management LP boosted its position in shares of GE Vernova by 1,957.5% in the 4th quarter. Moore Capital Management LP now owns 205,753 shares of the company's stock worth $67,678,000 after purchasing an additional 195,753 shares during the last quarter.

GE Vernova Stock Up 4.3%

Shares of NYSE:GEV traded up $18.27 during trading on Monday, hitting $446.33. 3,123,788 shares of the company were exchanged, compared to its average volume of 3,319,654. The business's 50 day moving average is $344.05 and its 200-day moving average is $345.94. The company has a market capitalization of $121.82 billion and a P/E ratio of 80.28. GE Vernova Inc. has a 1-year low of $150.01 and a 1-year high of $447.50.

GE Vernova (NYSE:GEV - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The company reported $0.91 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts' expectations of $7.56 billion. During the same quarter in the previous year, the firm posted ($0.47) earnings per share. GE Vernova's revenue for the quarter was up 10.6% on a year-over-year basis. As a group, sell-side 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 declared a quarterly dividend, which was paid on Friday, May 16th. Shareholders of record on Friday, April 18th were given a dividend of $0.25 per share. 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 currently 14.41%.

Analyst Ratings Changes

Several research firms have recently issued reports on GEV. BMO Capital Markets reduced their price target on GE Vernova from $471.00 to $420.00 and set an "outperform" rating on the stock in a research report on Monday, March 3rd. Truist Financial set a $440.00 price objective on GE Vernova in a research note on Thursday, March 27th. Johnson Rice started coverage on GE Vernova in a research note on Friday, February 7th. They set a "buy" rating and a $425.00 price objective on the stock. Royal Bank of Canada dropped their price objective on GE Vernova from $453.00 to $445.00 and set an "outperform" rating on the stock in a research note on Tuesday, March 18th. Finally, Barclays dropped their price objective on GE Vernova from $487.00 to $427.00 and set an "overweight" rating on the stock in a research note on Monday, March 3rd. Six research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and four have assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $374.62.

GE Vernova Company 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.