GE Vernova Inc. (NYSE:GEV) Shares Sold by Temasek Holdings Private Ltd

Temasek Holdings Private Ltd reduced its holdings in GE Vernova Inc. (NYSE:GEV) by 23.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 190,447 shares of the company’s stock after selling 59,423 shares during the quarter. Temasek Holdings Private Ltd’s holdings in GE Vernova were worth $62,644,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Cedar Mountain Advisors LLC raised its holdings in GE Vernova by 102.6% during the 4th quarter. Cedar Mountain Advisors LLC now owns 77 shares of the company’s stock worth $25,000 after buying an additional 39 shares during the period. MRP Capital Investments LLC purchased a new position in shares of GE Vernova in the fourth quarter worth approximately $25,000. Fairway Wealth LLC increased its position 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 acquiring an additional 55 shares in the last quarter. Pineridge Advisors LLC raised its holdings in shares of GE Vernova by 530.8% during the fourth quarter. Pineridge Advisors LLC now owns 82 shares of the company’s stock valued at $27,000 after acquiring an additional 69 shares during the period. Finally, Navigoe LLC acquired a new stake in shares of GE Vernova during the fourth quarter valued at approximately $27,000.

Wall Street Analyst Weigh In

A number of research firms recently commented on GEV. Jefferies Financial Group raised their price objective on shares of GE Vernova from $391.00 to $413.00 and gave the stock a “buy” rating in a research note on Thursday, March 27th. BMO Capital Markets reduced their target price on GE Vernova from $471.00 to $420.00 and set an “outperform” rating for the company in a report on Monday, March 3rd. CICC Research assumed coverage on GE Vernova in a research report on Wednesday, February 19th. They issued an “outperform” rating for the company. Truist Financial set a $440.00 price target on GE Vernova in a report on Thursday, March 27th. Finally, The Goldman Sachs Group increased their price objective on GE Vernova from $446.00 to $500.00 and gave the stock a “buy” rating in a research note on Friday, January 24th. Six analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and four have given a strong buy rating to the stock. According to data from MarketBeat.com, GE Vernova has a consensus rating of “Moderate Buy” and a consensus price target of $374.62.

GE Vernova Stock Up 0.4%

NYSE GEV opened at $428.63 on Friday. The stock has a market capitalization of $116.99 billion and a PE ratio of 77.09. GE Vernova Inc. has a 12-month low of $150.01 and a 12-month high of $447.50. The company has a 50 day moving average price of $344.05 and a two-hundred day moving average price of $345.63.

GE Vernova (NYSE:GEV) last released its quarterly earnings results on Wednesday, April 23rd. The company reported $0.91 earnings per share for the quarter, beating 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 business had revenue of $8.03 billion for the quarter, compared to the consensus estimate of $7.56 billion. During the same quarter last year, the firm earned ($0.47) EPS. GE Vernova’s revenue for the quarter was up 10.6% on a year-over-year basis. As a group, equities analysts anticipate that GE Vernova Inc. will post 6.59 EPS for the current year.

GE Vernova Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 16th. Shareholders of record on Friday, April 18th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, April 17th. This represents a $1.00 annualized dividend and a yield of 0.23%. GE Vernova’s dividend payout ratio (DPR) is currently 14.41%.

About GE Vernova

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.