Axa S.A. Purchases 3,229 Shares of GE Vernova Inc. (NYSE:GEV)

Axa S.A. lifted its position in shares of GE Vernova Inc. (NYSE:GEV) by 13.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 28,052 shares of the company’s stock after acquiring an additional 3,229 shares during the period. Axa S.A.’s holdings in GE Vernova were worth $9,227,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Register Financial Advisors LLC acquired a new stake in shares of GE Vernova in the 4th quarter valued at $206,000. GPS Wealth Strategies Group LLC boosted its stake in GE Vernova by 1,126.0% in the fourth quarter. GPS Wealth Strategies Group LLC now owns 895 shares of the company’s stock valued at $294,000 after buying an additional 822 shares in the last quarter. Yarbrough Capital LLC grew its position in GE Vernova by 67.2% in the fourth quarter. Yarbrough Capital LLC now owns 2,886 shares of the company’s stock valued at $949,000 after acquiring an additional 1,160 shares during the last quarter. Legacy Bridge LLC raised its stake in GE Vernova by 77.0% during the fourth quarter. Legacy Bridge LLC now owns 10,982 shares of the company’s stock worth $3,612,000 after acquiring an additional 4,776 shares in the last quarter. Finally, CENTRAL TRUST Co lifted its holdings in shares of GE Vernova by 16.6% in the fourth quarter. CENTRAL TRUST Co now owns 9,872 shares of the company’s stock worth $3,247,000 after acquiring an additional 1,408 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Bank of America upped their price objective on shares of GE Vernova from $380.00 to $415.00 and gave the stock a “buy” rating in a research report on Tuesday, January 14th. The Goldman Sachs Group increased their price target on GE Vernova from $446.00 to $500.00 and gave the company a “buy” rating in a research note on Friday, January 24th. Jefferies Financial Group boosted their price objective on GE Vernova from $391.00 to $413.00 and gave the stock a “buy” rating in a research report on Thursday, March 27th. Morgan Stanley reiterated an “overweight” rating and issued a $422.00 target price (up from $400.00) on shares of GE Vernova in a research report on Thursday, April 24th. Finally, Susquehanna boosted their price target on GE Vernova from $370.00 to $399.00 and gave the stock a “positive” rating in a report on Thursday, April 24th. Six investment analysts have rated the stock with a hold rating, twenty-two have given a buy rating and four have issued a strong buy rating to the company. According to MarketBeat, GE Vernova currently has an average rating of “Moderate Buy” and an average price target of $369.22.

GE Vernova Trading Up 1.2 %

Shares of NYSE GEV opened at $401.06 on Tuesday. The firm has a market capitalization of $109.46 billion and a P/E ratio of 72.13. The firm’s 50-day moving average price is $324.11 and its 200-day moving average price is $338.05. GE Vernova Inc. has a 1-year low of $150.01 and a 1-year high of $447.50.

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

GE Vernova Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 16th. Shareholders of record on Friday, April 18th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, April 17th. This represents a $1.00 dividend on an annualized basis and a yield of 0.25%. GE Vernova’s dividend payout ratio (DPR) is presently 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.