GE Vernova Inc. (NYSE:GEV) Shares Bought by Pathstone Holdings LLC

Pathstone Holdings LLC lifted its position in shares of GE Vernova Inc. (NYSE:GEV - Free Report) by 4.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 30,740 shares of the company's stock after buying an additional 1,172 shares during the period. Pathstone Holdings LLC's holdings in GE Vernova were worth $10,113,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. FMR LLC grew its holdings in shares of GE Vernova by 3.4% during the 4th quarter. FMR LLC now owns 24,861,833 shares of the company's stock worth $8,177,803,000 after purchasing an additional 814,155 shares during the period. Capital International Investors raised its stake in shares of GE Vernova by 25.3% in the 4th quarter. Capital International Investors now owns 14,854,297 shares of the company's stock valued at $4,886,164,000 after acquiring an additional 2,994,660 shares during the period. Geode Capital Management LLC lifted its holdings in shares of GE Vernova by 3.5% in the 4th quarter. Geode Capital Management LLC now owns 5,790,051 shares of the company's stock worth $1,898,814,000 after acquiring an additional 195,828 shares during the last quarter. Norges Bank purchased a new position in shares of GE Vernova during the 4th quarter worth approximately $1,109,720,000. Finally, Northern Trust Corp increased its holdings in GE Vernova by 15.0% in the 4th quarter. Northern Trust Corp now owns 2,630,122 shares of the company's stock valued at $865,126,000 after purchasing an additional 343,837 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. TD Cowen lowered their price target on GE Vernova from $405.00 to $390.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. Royal Bank of Canada lowered their target price on GE Vernova from $453.00 to $445.00 and set an "outperform" rating for the company in a report on Tuesday, March 18th. Guggenheim reiterated a "buy" rating and set a $380.00 price target on shares of GE Vernova in a research note on Thursday, April 24th. Morgan Stanley reissued an "overweight" rating and issued a $422.00 price objective (up previously from $400.00) on shares of GE Vernova in a research note on Thursday, April 24th. Finally, Marathon Capitl raised shares of GE Vernova to a "strong-buy" rating in a research note on Friday, January 31st. Six analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and four have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $374.62.

GE Vernova Stock Up 0.6%

Shares of GE Vernova stock traded up $2.76 during trading on Tuesday, reaching $449.36. The company's stock had a trading volume of 2,744,142 shares, compared to its average volume of 3,960,211. The business has a 50 day moving average price of $347.00 and a 200-day moving average price of $346.95. The company has a market capitalization of $122.65 billion and a P/E ratio of 80.82. GE Vernova Inc. has a 12-month low of $150.01 and a 12-month high of $451.37.

GE Vernova (NYSE:GEV - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The company reported $0.91 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 analyst estimates of $7.56 billion. GE Vernova had a net margin of 4.44% and a return on equity of 6.70%. The business's revenue was up 10.6% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.47) EPS. Research analysts predict that GE Vernova Inc. will post 6.59 EPS for the current fiscal year.

GE Vernova Announces Dividend

The business also recently announced 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 was Thursday, April 17th. This represents a $1.00 annualized dividend and a yield of 0.22%. GE Vernova's 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.