Temasek Holdings Private Ltd Reduces Stock Holdings in GE Vernova Inc. (NYSE:GEV)

Temasek Holdings Private Ltd cut its stake in shares of GE Vernova Inc. (NYSE:GEV) by 23.8% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 190,447 shares of the company’s stock after selling 59,423 shares during the period. Temasek Holdings Private Ltd owned approximately 0.07% of GE Vernova worth $62,644,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Norges Bank purchased a new position in shares of GE Vernova in the fourth quarter valued at $1,109,720,000. Capital International Investors lifted its holdings in 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 buying an additional 2,994,660 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in GE Vernova by 1,638.5% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,314,288 shares of the company’s stock worth $432,309,000 after buying an additional 1,238,690 shares in the last quarter. FMR LLC boosted its position in GE Vernova by 3.4% in the 4th 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 last quarter. Finally, Jacobs Levy Equity Management Inc. grew its stake in shares of GE Vernova by 148.6% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 1,155,183 shares of the company’s stock valued at $379,974,000 after acquiring an additional 690,513 shares in the last quarter.

Wall Street Analysts Forecast Growth

GEV has been the topic of several recent analyst reports. New Street Research set a $380.00 price target on GE Vernova in a research note on Wednesday, March 5th. JPMorgan Chase & Co. raised their price target on shares of GE Vernova from $430.00 to $460.00 and gave the stock an “overweight” rating in a research report on Friday. Royal Bank of Canada dropped their price target on shares of GE Vernova from $453.00 to $445.00 and set an “outperform” rating for the company in a research note on Tuesday, March 18th. William Blair reissued an “outperform” rating on shares of GE Vernova in a report on Thursday, January 23rd. Finally, Morgan Stanley restated an “overweight” rating and issued a $422.00 target price (up previously from $400.00) on shares of GE Vernova in a research note on Thursday, April 24th. Six investment 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, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $374.62.

GE Vernova Stock Up 0.4%

Shares of GEV opened at $428.63 on Friday. The firm has a market capitalization of $116.99 billion and a PE ratio of 77.09. The firm has a 50-day moving average price of $344.05 and a 200 day moving average price of $345.63. GE Vernova Inc. has a 52-week low of $150.01 and a 52-week high of $447.50.

GE Vernova (NYSE:GEV) last issued 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. The company had revenue of $8.03 billion during 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 for the quarter was up 10.6% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.47) EPS. On average, equities analysts expect that GE Vernova Inc. will post 6.59 EPS 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 paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.23%. The ex-dividend date was Thursday, April 17th. GE Vernova’s payout ratio is currently 14.41%.

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.