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

Nomura Holdings Inc. grew its position in GE Vernova Inc. (NYSE:GEV) by 2,391.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 33,886 shares of the company’s stock after purchasing an additional 32,526 shares during the period. Nomura Holdings Inc.’s holdings in GE Vernova were worth $11,146,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of GEV. Cedar Mountain Advisors LLC increased its holdings in shares of GE Vernova by 102.6% in the fourth quarter. Cedar Mountain Advisors LLC now owns 77 shares of the company’s stock valued at $25,000 after purchasing an additional 39 shares during the period. MRP Capital Investments LLC purchased a new stake in shares of GE Vernova in the fourth quarter worth about $25,000. Fairway Wealth LLC boosted its stake in shares of GE Vernova by 220.0% in the fourth quarter. Fairway Wealth LLC now owns 80 shares of the company’s stock worth $26,000 after buying an additional 55 shares during the last quarter. Pineridge Advisors LLC boosted its stake in shares of GE Vernova by 530.8% in the fourth quarter. Pineridge Advisors LLC now owns 82 shares of the company’s stock worth $27,000 after buying an additional 69 shares during the last quarter. Finally, Navigoe LLC purchased a new stake in shares of GE Vernova in the fourth quarter worth about $27,000.

GE Vernova Trading Down 0.1%

NYSE GEV opened at $432.95 on Thursday. The business’s 50 day moving average is $338.02 and its two-hundred day moving average is $343.46. GE Vernova Inc. has a 12-month low of $150.01 and a 12-month high of $447.50. The stock has a market capitalization of $118.17 billion and a price-to-earnings ratio of 77.87.

GE Vernova (NYSE:GEV) last announced its quarterly 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 business had revenue of $8.03 billion for the quarter, compared to analyst estimates of $7.56 billion. GE Vernova had a return on equity of 6.70% and a net margin of 4.44%. The company’s quarterly revenue was up 10.6% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.47) EPS. Equities analysts forecast that GE Vernova Inc. will post 6.59 earnings per share for the current fiscal year.

GE Vernova Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 16th. Investors of record on Friday, April 18th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.23%. The ex-dividend date of this dividend is Thursday, April 17th. GE Vernova’s payout ratio is currently 14.41%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on GEV. Marathon Capitl upgraded GE Vernova to a “strong-buy” rating in a research note on Friday, January 31st. Royal Bank of Canada lowered their price target on GE Vernova from $453.00 to $445.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 18th. Morgan Stanley reiterated an “overweight” rating and set a $422.00 price target (up previously from $400.00) on shares of GE Vernova in a research report on Thursday, April 24th. Citigroup lowered their price target on GE Vernova from $437.00 to $354.00 and set a “neutral” rating on the stock in a research report on Monday, April 14th. Finally, BMO Capital Markets lowered 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. Six analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and four have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, GE Vernova has an average rating of “Moderate Buy” and an average target price of $373.22.

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.