Bokf Na Sells 270 Shares of GE Vernova Inc. (NYSE:GEV)

Bokf Na reduced its position in shares of GE Vernova Inc. (NYSE:GEV) by 1.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 19,807 shares of the company’s stock after selling 270 shares during the quarter. Bokf Na’s holdings in GE Vernova were worth $6,515,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. FMR LLC lifted its holdings in GE Vernova by 3.4% in the fourth quarter. FMR LLC now owns 24,861,833 shares of the company’s stock valued at $8,177,803,000 after buying an additional 814,155 shares during the period. Capital International Investors boosted its position 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 worth $4,886,164,000 after purchasing an additional 2,994,660 shares during the last quarter. Geode Capital Management LLC boosted its holdings in GE Vernova by 3.5% during the fourth quarter. Geode Capital Management LLC now owns 5,790,051 shares of the company’s stock worth $1,898,814,000 after buying an additional 195,828 shares during the last quarter. Norges Bank acquired a new position in GE Vernova during the fourth quarter valued at approximately $1,109,720,000. Finally, Northern Trust Corp boosted its position in shares of GE Vernova by 15.0% during the fourth quarter. Northern Trust Corp now owns 2,630,122 shares of the company’s stock worth $865,126,000 after purchasing an additional 343,837 shares in the last quarter.

Wall Street Analyst Weigh In

GEV has been the topic of several research analyst reports. Guggenheim reaffirmed a “buy” rating and set a $380.00 price objective on shares of GE Vernova in a research note on Thursday, April 24th. JPMorgan Chase & Co. cut their price objective on GE Vernova from $436.00 to $425.00 and set an “overweight” rating on the stock in a report on Thursday, April 10th. TD Cowen decreased their price objective 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. Susquehanna lifted their price target on shares of GE Vernova from $370.00 to $399.00 and gave the company a “positive” rating in a research note on Thursday, April 24th. Finally, Robert W. Baird increased their price objective on shares of GE Vernova from $387.00 to $405.00 and gave the stock an “outperform” rating in a research report on Thursday, April 24th. Six analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and four have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $369.22.

GE Vernova Trading Down 0.0 %

GEV opened at $401.09 on Wednesday. The stock’s fifty day simple moving average is $325.61 and its 200 day simple moving average is $338.49. GE Vernova Inc. has a 1-year low of $150.01 and a 1-year high of $447.50. The stock has a market cap of $109.47 billion and a PE ratio of 72.14.

GE Vernova (NYSE:GEV) last posted its earnings results on Wednesday, April 23rd. The company reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $7.56 billion. During the same quarter last year, the company posted ($0.47) EPS. GE Vernova’s quarterly revenue was up 10.6% compared to the same quarter last year. Equities analysts forecast that GE Vernova Inc. will post 6.59 earnings per share 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 given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.25%. The ex-dividend date of this dividend is Thursday, April 17th. GE Vernova’s payout ratio is 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.