GE Vernova Inc. $GEV Shares Sold by Natixis Advisors LLC

Natixis Advisors LLC lowered its position in shares of GE Vernova Inc. (NYSE:GEV) by 1.9% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 260,425 shares of the company’s stock after selling 5,103 shares during the quarter. Natixis Advisors LLC owned 0.10% of GE Vernova worth $160,135,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Brighton Jones LLC raised its position in GE Vernova by 29.4% in the fourth quarter. Brighton Jones LLC now owns 3,315 shares of the company’s stock worth $1,091,000 after acquiring an additional 753 shares in the last quarter. Schnieders Capital Management LLC. raised its position in GE Vernova by 1.7% during the second quarter. Schnieders Capital Management LLC. now owns 1,564 shares of the company’s stock worth $828,000 after acquiring an additional 26 shares during the last quarter. First Horizon Advisors Inc. lifted its stake in GE Vernova by 7.6% in the 2nd quarter. First Horizon Advisors Inc. now owns 746 shares of the company’s stock valued at $395,000 after buying an additional 53 shares in the last quarter. Atlantic Union Bankshares Corp purchased a new stake in shares of GE Vernova in the second quarter valued at $624,000. Finally, Ethos Financial Group LLC acquired a new position in GE Vernova in the 2nd quarter valued at about $207,000.

Analyst Upgrades and Downgrades

GEV has been the topic of a number of analyst reports. UBS Group restated a “buy” rating on shares of GE Vernova in a research report on Thursday, January 29th. China Renaissance raised GE Vernova to a “strong-buy” rating in a research note on Thursday, January 29th. Evercore lifted their target price on shares of GE Vernova from $860.00 to $905.00 and gave the company an “outperform” rating in a report on Thursday, January 29th. The Goldman Sachs Group upped their price target on GE Vernova from $840.00 to $925.00 and gave the stock a “buy” rating in a report on Thursday, January 29th. Finally, Bank of America upped their price objective on shares of GE Vernova from $725.00 to $804.00 and gave the company a “buy” rating in a research report on Wednesday, December 10th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $805.25.

GE Vernova Price Performance

GE Vernova stock opened at $790.00 on Friday. GE Vernova Inc. has a 12 month low of $252.25 and a 12 month high of $894.93. The company has a fifty day moving average price of $743.08 and a two-hundred day moving average price of $656.12. The company has a market cap of $212.93 billion, a PE ratio of 44.38, a P/E/G ratio of 3.14 and a beta of 1.45.

GE Vernova (NYSE:GEV) last released its quarterly earnings data on Wednesday, January 28th. The company reported $13.39 earnings per share for the quarter, topping the consensus estimate of $2.99 by $10.40. The firm had revenue of $10.96 billion for the quarter, compared to analyst estimates of $10.21 billion. GE Vernova had a net margin of 12.83% and a return on equity of 46.91%. GE Vernova’s quarterly revenue was up 3.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.73 earnings per share. Equities research analysts anticipate that GE Vernova Inc. will post 6.59 earnings per share for the current year.

GE Vernova Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 14th. Stockholders of record on Tuesday, March 17th will be given a dividend of $0.50 per share. The ex-dividend date is Tuesday, March 17th. This represents a $2.00 annualized dividend and a dividend yield of 0.3%. GE Vernova’s dividend payout ratio is currently 11.24%.

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.