AG2R LA Mondiale Gestion D Actifs Purchases Shares of 10,432 GE Vernova Inc. $GEV

AG2R LA Mondiale Gestion D Actifs purchased a new stake in GE Vernova Inc. (NYSE:GEV) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 10,432 shares of the company’s stock, valued at approximately $3,185,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. Caitong International Asset Management Co. Ltd acquired a new position in shares of GE Vernova during the first quarter worth approximately $912,000. Resona Asset Management Co. Ltd. raised its position in shares of GE Vernova by 8.2% during the first quarter. Resona Asset Management Co. Ltd. now owns 86,021 shares of the company’s stock worth $26,229,000 after purchasing an additional 6,551 shares during the period. Lockheed Martin Investment Management Co. acquired a new position in shares of GE Vernova during the first quarter worth approximately $458,000. Golden State Wealth Management LLC raised its position in shares of GE Vernova by 201.7% during the first quarter. Golden State Wealth Management LLC now owns 1,222 shares of the company’s stock worth $373,000 after purchasing an additional 817 shares during the period. Finally, Public Sector Pension Investment Board raised its position in shares of GE Vernova by 8.5% during the first quarter. Public Sector Pension Investment Board now owns 37,620 shares of the company’s stock worth $11,485,000 after purchasing an additional 2,942 shares during the period.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on GEV. Mizuho lowered GE Vernova from an “outperform” rating to a “neutral” rating and set a $670.00 target price on the stock. in a research report on Monday, July 28th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of GE Vernova in a research report on Thursday, July 24th. Susquehanna upped their target price on GE Vernova from $662.00 to $736.00 and gave the stock a “positive” rating in a research report on Thursday, July 24th. Morgan Stanley upped their target price on GE Vernova from $511.00 to $675.00 and gave the stock an “overweight” rating in a research report on Thursday, July 24th. Finally, Wolfe Research lowered GE Vernova from an “outperform” rating to a “peer perform” rating in a research report on Friday, June 13th. Four research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $580.04.

GE Vernova Trading Down 1.3%

Shares of GE Vernova stock opened at $625.99 on Friday. The stock has a fifty day simple moving average of $608.65 and a 200 day simple moving average of $467.18. GE Vernova Inc. has a 12-month low of $219.01 and a 12-month high of $677.29. The company has a market capitalization of $170.41 billion, a P/E ratio of 150.84, a price-to-earnings-growth ratio of 4.38 and a beta of 1.87.

GE Vernova (NYSE:GEV) last announced its quarterly earnings results on Wednesday, July 23rd. The company reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.63 by $0.23. The business had revenue of $9.11 billion during the quarter, compared to the consensus estimate of $8.78 billion. GE Vernova had a return on equity of 13.23% and a net margin of 3.16%.GE Vernova’s revenue was up 11.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $4.65 earnings per share. GE Vernova has set its FY 2025 guidance at EPS. On average, analysts predict that GE Vernova Inc. will post 6.59 EPS for the current year.

GE Vernova Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 18th. Shareholders of record on Monday, July 21st were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date was Monday, July 21st. GE Vernova’s dividend payout ratio is 24.10%.

Insider Transactions at GE Vernova

In other GE Vernova news, CFO Kenneth Scott Parks sold 3,300 shares of the company’s stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of $620.00, for a total value of $2,046,000.00. Following the completion of the transaction, the chief financial officer owned 7,590 shares in the company, valued at $4,705,800. This represents a 30.30% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.15% of the stock is owned by company insiders.

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.