BNP Paribas boosted its stake in shares of GE Vernova Inc. (NYSE:GEV – Free Report) by 13.0% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 14,132 shares of the company’s stock after purchasing an additional 1,626 shares during the period. BNP Paribas’ holdings in GE Vernova were worth $9,237,000 at the end of the most recent quarter.
Several other hedge funds have also modified their holdings of the company. a16z Perennial Management L.P. boosted its stake in shares of GE Vernova by 18.1% during the 4th quarter. a16z Perennial Management L.P. now owns 1,146 shares of the company’s stock worth $749,000 after acquiring an additional 176 shares in the last quarter. Swisher Financial Concepts Inc. lifted its stake in GE Vernova by 3.3% in the 4th quarter. Swisher Financial Concepts Inc. now owns 1,306 shares of the company’s stock valued at $854,000 after buying an additional 42 shares in the last quarter. Reaves W H & Co. Inc. lifted its stake in GE Vernova by 389.4% in the 4th quarter. Reaves W H & Co. Inc. now owns 73,403 shares of the company’s stock worth $47,974,000 after purchasing an additional 58,403 shares in the last quarter. Black Swift Group LLC purchased a new position in GE Vernova in the 4th quarter worth approximately $2,124,000. Finally, Peapack Gladstone Financial Corp lifted its stake in GE Vernova by 1.3% in the 4th quarter. Peapack Gladstone Financial Corp now owns 7,207 shares of the company’s stock worth $4,711,000 after purchasing an additional 89 shares in the last quarter.
GE Vernova Price Performance
GE Vernova stock opened at $950.65 on Tuesday. The stock has a market cap of $255.46 billion, a P/E ratio of 27.69, a price-to-earnings-growth ratio of 3.63 and a beta of 1.24. The company has a fifty day simple moving average of $998.51 and a 200-day simple moving average of $810.55. GE Vernova Inc. has a 12-month low of $458.65 and a 12-month high of $1,181.95. The company has a current ratio of 0.89, a quick ratio of 0.65 and a debt-to-equity ratio of 0.19.
GE Vernova Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 14th. Investors of record on Tuesday, June 16th will be given a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, June 16th. This represents a $2.00 dividend on an annualized basis and a yield of 0.2%. GE Vernova’s payout ratio is 5.83%.
Wall Street Analysts Forecast Growth
A number of research analysts have weighed in on GEV shares. Rothschild & Co Redburn raised shares of GE Vernova from a “sell” rating to a “buy” rating and raised their target price for the stock from $560.00 to $1,100.00 in a research note on Monday, March 9th. Morgan Stanley raised their target price on shares of GE Vernova from $817.00 to $960.00 and gave the stock an “overweight” rating in a research note on Monday, March 23rd. The Goldman Sachs Group restated a “buy” rating and set a $1,328.00 price target on shares of GE Vernova in a report on Friday, April 24th. Barclays raised their price target on shares of GE Vernova from $993.00 to $1,250.00 and gave the stock an “overweight” rating in a report on Thursday, April 23rd. Finally, JPMorgan Chase & Co. raised their price target on shares of GE Vernova from $1,000.00 to $1,150.00 and gave the stock an “overweight” rating in a report on Thursday, April 16th. Two analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $1,090.76.
View Our Latest Stock Report on GEV
Insiders Place Their Bets
In related news, CAO Matthew Joseph Potvin sold 2,333 shares of the business’s stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $1,059.09, for a total value of $2,470,856.97. Following the completion of the sale, the chief accounting officer directly owned 3,549 shares of the company’s stock, valued at $3,758,710.41. The trade was a 39.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.21% of the stock is currently owned by company insiders.
Key Stories Impacting GE Vernova
Here are the key news stories impacting GE Vernova this week:
- Positive Sentiment: Wall Street commentary remained constructive, with GE Vernova described as “absolutely terrific” by Jim Cramer, while brokerage sentiment also pointed to an average “Moderate Buy” rating. Jim Cramer Believes “GE Vernova Is Absolutely Terrific”
- Positive Sentiment: The company announced an acquisition of Robotech Automation, a move aimed at expanding robotics and automation capabilities in manufacturing and grid solutions, which could support long-term efficiency and margin improvement. GE Vernova Acquires Robotech Automation to Accelerate Robotics and Automation Capabilities
- Neutral Sentiment: Management also highlighted broader operational themes around data-center build challenges, including tariffs and state-level pushback, which investors may view as a reminder that demand growth could face execution hurdles. GE Vernova CEO sends rattling message on data centers
- Negative Sentiment: A Massachusetts judge refused to lift an order requiring GE Vernova to keep working on the New England offshore wind project and declined to send the dispute with Vineyard Wind to arbitration, keeping legal and project-risk concerns in focus. GE Vernova loses renewed bid to end work on New England wind farm
GE Vernova Company Profile
GE Vernova is the energy-focused company formed from the energy businesses of General Electric and operates as a publicly listed entity on the NYSE under the ticker GEV. It is organized to design, manufacture and service equipment and systems used across the power generation and energy transition value chain, bringing together legacy capabilities in conventional power, renewables and grid technologies under a single corporate platform.
The company’s offerings span large-scale power-generation equipment such as gas and steam turbines and associated generators and controls, as well as renewable energy technologies including onshore and offshore wind platforms and hydro solutions.
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