Capital International Ltd. CA Acquires 7,481 Shares of GE Vernova Inc. (NYSE:GEV)

Capital International Ltd. CA raised its holdings in GE Vernova Inc. (NYSE:GEV) by 57.1% in the fourth quarter, Holdings Channel reports. The firm owned 20,581 shares of the company’s stock after purchasing an additional 7,481 shares during the period. Capital International Ltd. CA’s holdings in GE Vernova were worth $6,770,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Register Financial Advisors LLC bought a new stake in GE Vernova in the fourth quarter worth about $206,000. GPS Wealth Strategies Group LLC raised its holdings in shares of GE Vernova by 1,126.0% in the 4th quarter. GPS Wealth Strategies Group LLC now owns 895 shares of the company’s stock worth $294,000 after purchasing an additional 822 shares during the period. Yarbrough Capital LLC lifted its stake in GE Vernova by 67.2% in the fourth quarter. Yarbrough Capital LLC now owns 2,886 shares of the company’s stock valued at $949,000 after purchasing an additional 1,160 shares during the last quarter. Legacy Bridge LLC grew its holdings in GE Vernova by 77.0% during the fourth quarter. Legacy Bridge LLC now owns 10,982 shares of the company’s stock valued at $3,612,000 after purchasing an additional 4,776 shares during the period. Finally, CENTRAL TRUST Co grew its holdings in GE Vernova by 16.6% during the fourth quarter. CENTRAL TRUST Co now owns 9,872 shares of the company’s stock valued at $3,247,000 after purchasing an additional 1,408 shares during the period.

GE Vernova Stock Performance

Shares of GE Vernova stock opened at $322.81 on Friday. GE Vernova Inc. has a 52-week low of $132.11 and a 52-week high of $447.50. The company has a fifty day moving average of $322.67 and a 200-day moving average of $329.15. The stock has a market capitalization of $88.24 billion and a price-to-earnings ratio of 58.06.

GE Vernova (NYSE:GEV) last posted its quarterly earnings results on Wednesday, January 22nd. The company reported $1.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.30 by ($0.57). GE Vernova had a net margin of 4.44% and a return on equity of 6.70%. The business had revenue of $10.56 billion for the quarter, compared to analysts’ expectations of $10.70 billion. The business’s revenue for the quarter was up 5.1% compared to the same quarter last year. On average, equities research 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 declared a quarterly dividend, which will be paid on Friday, May 16th. Investors of record on Friday, April 18th will be given a dividend of $0.25 per share. The ex-dividend date is Thursday, April 17th. This represents a $1.00 annualized dividend and a yield of 0.31%. GE Vernova’s payout ratio is 17.99%.

Wall Street Analyst Weigh In

GEV has been the topic of a number of recent research reports. BMO Capital Markets dropped 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. Johnson Rice assumed coverage on GE Vernova in a research note on Friday, February 7th. They set a “buy” rating and a $425.00 price objective on the stock. Guggenheim restated a “buy” rating and issued a $380.00 target price on shares of GE Vernova in a research note on Thursday. Barclays decreased their price target on GE Vernova from $487.00 to $427.00 and set an “overweight” rating on the stock in a research report on Monday, March 3rd. Finally, The Goldman Sachs Group raised their price objective on shares of GE Vernova from $446.00 to $500.00 and gave the company a “buy” rating in a research report on Friday, January 24th. Seven 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’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $357.13.

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.