Capital International Ltd. CA Has $6.77 Million Stock Holdings in GE Vernova Inc. (NYSE:GEV)

Capital International Ltd. CA raised its stake in GE Vernova Inc. (NYSE:GEV) by 57.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,581 shares of the company’s stock after buying an additional 7,481 shares during the period. Capital International Ltd. CA’s holdings in GE Vernova were worth $6,770,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Howard Capital Management Group LLC bought a new stake in shares of GE Vernova during the third quarter worth about $213,000. Virtu Financial LLC acquired a new stake in GE Vernova during the 3rd quarter worth approximately $1,481,000. Westside Investment Management Inc. boosted its position in GE Vernova by 24.0% during the 3rd quarter. Westside Investment Management Inc. now owns 362 shares of the company’s stock worth $92,000 after buying an additional 70 shares during the period. Fulcrum Equity Management bought a new stake in GE Vernova during the 3rd quarter worth approximately $218,000. Finally, World Investment Advisors LLC increased its position in GE Vernova by 41.4% in the 3rd quarter. World Investment Advisors LLC now owns 2,876 shares of the company’s stock valued at $733,000 after acquiring an additional 842 shares during the period.

GE Vernova Stock Performance

Shares of NYSE GEV opened at $322.81 on Friday. The stock has a market cap of $88.24 billion and a price-to-earnings ratio of 58.06. GE Vernova Inc. has a fifty-two week low of $132.11 and a fifty-two week high of $447.50. The firm’s 50-day simple moving average is $322.67 and its 200 day simple moving average is $329.15.

GE Vernova (NYSE:GEV) last posted its earnings results on Wednesday, January 22nd. The company reported $1.73 earnings per share for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.57). The company had revenue of $10.56 billion during the quarter, compared to the consensus estimate of $10.70 billion. GE Vernova had a net margin of 4.44% and a return on equity of 6.70%. The business’s revenue was up 5.1% compared to the same quarter last year. On average, sell-side analysts predict that GE Vernova Inc. will post 6.59 EPS for the current year.

GE Vernova Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 16th. Stockholders of record on Friday, April 18th will be paid a $0.25 dividend. The ex-dividend date is Thursday, April 17th. This represents a $1.00 annualized dividend and a dividend yield of 0.31%. GE Vernova’s payout ratio is 17.99%.

Analysts Set New Price Targets

GEV has been the topic of several analyst reports. Baird R W raised shares of GE Vernova to a “strong-buy” rating in a research note on Thursday, February 13th. 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. The Goldman Sachs Group raised their price objective on GE Vernova from $446.00 to $500.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. Susquehanna began coverage on GE Vernova in a report on Wednesday, April 2nd. They issued a “positive” rating and a $370.00 target price on the stock. Finally, Jefferies Financial Group raised their price target on shares of GE Vernova from $391.00 to $413.00 and gave the stock a “buy” rating in a report on Thursday, March 27th. Seven 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’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $357.13.

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.