Natixis Advisors LLC Buys 58,797 Shares of GE Vernova Inc. $GEV

Natixis Advisors LLC boosted its stake in GE Vernova Inc. (NYSE:GEV) by 22.6% during the 4th quarter, HoldingsChannel.com reports. The fund owned 319,222 shares of the company’s stock after purchasing an additional 58,797 shares during the period. Natixis Advisors LLC’s holdings in GE Vernova were worth $208,634,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in the company. RFG Advisory LLC lifted its position in shares of GE Vernova by 2.1% during the 4th quarter. RFG Advisory LLC now owns 634 shares of the company’s stock valued at $414,000 after buying an additional 13 shares during the last quarter. Voisard Asset Management Group Inc. raised its stake in GE Vernova by 2.7% in the 4th quarter. Voisard Asset Management Group Inc. now owns 575 shares of the company’s stock valued at $376,000 after acquiring an additional 15 shares during the period. Clean Yield Group raised its stake in GE Vernova by 2.2% in the 4th quarter. Clean Yield Group now owns 685 shares of the company’s stock valued at $448,000 after acquiring an additional 15 shares during the period. Rossmore Private Capital raised its stake in GE Vernova by 2.8% in the 4th quarter. Rossmore Private Capital now owns 559 shares of the company’s stock valued at $365,000 after acquiring an additional 15 shares during the period. Finally, Forefront Wealth Partners LLC raised its stake in GE Vernova by 1.5% in the 4th quarter. Forefront Wealth Partners LLC now owns 997 shares of the company’s stock valued at $652,000 after acquiring an additional 15 shares during the period.

GE Vernova Price Performance

Shares of NYSE:GEV opened at $950.65 on Tuesday. The company has a 50 day moving average of $998.51 and a 200 day moving average of $810.55. The stock has a market cap of $255.46 billion, a P/E ratio of 27.69, a P/E/G ratio of 3.63 and a beta of 1.51. 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 (NYSE:GEV) last issued its quarterly earnings data on Wednesday, April 22nd. The company reported $17.44 EPS for the quarter, beating the consensus estimate of $1.95 by $15.49. GE Vernova had a net margin of 23.81% and a return on equity of 43.97%. The company had revenue of $9.34 billion during the quarter, compared to analysts’ expectations of $9.19 billion. During the same quarter in the previous year, the company earned $0.91 earnings per share. GE Vernova’s revenue for the quarter was up 17.0% on a year-over-year basis. As a group, sell-side analysts forecast that GE Vernova Inc. will post 14.84 EPS for the current fiscal year.

GE Vernova Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 14th. Shareholders of record on Tuesday, June 16th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend is Tuesday, June 16th. GE Vernova’s payout ratio is currently 5.83%.

Insider Buying and Selling

In other GE Vernova news, CAO Matthew Joseph Potvin sold 2,333 shares of the business’s stock in a transaction that occurred 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 transaction, the chief accounting officer owned 3,549 shares of the company’s stock, valued at $3,758,710.41. The trade was a 39.66% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.21% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on GEV shares. JPMorgan Chase & Co. boosted their price target on shares of GE Vernova from $1,000.00 to $1,150.00 and gave the company an “overweight” rating in a research report on Thursday, April 16th. Robert W. Baird boosted their price target on shares of GE Vernova from $1,008.00 to $1,400.00 and gave the company an “outperform” rating in a research report on Thursday, April 23rd. BNP Paribas Exane lowered shares of GE Vernova from an “outperform” rating to a “neutral” rating and set a $1,190.00 price target on the stock. in a research report on Monday, April 27th. Zacks Research lowered shares of GE Vernova from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 28th. Finally, Susquehanna set a $1,300.00 price target on shares of GE Vernova in a research report on Thursday, April 23rd. Two analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $1,090.76.

GE Vernova News Summary

Here are the key news stories impacting GE Vernova this week:

• Positive Sentiment: Wall Street commentary remains constructive, with one report noting GE Vernova’s strong revenue and earnings growth and another saying brokerages rate the stock as a “Moderate Buy,” reinforcing the view that fundamentals and analyst sentiment remain supportive. Assessing GE Vernova (GEV) Valuation After A Powerful Year Of Share Price Gains
• Positive Sentiment: Jim Cramer called GE Vernova “absolutely terrific,” which can help investor confidence even though it is not a fundamental update. Jim Cramer Believes “GE Vernova Is Absolutely Terrific”
• Positive Sentiment: The company announced a definitive agreement to acquire Robotech Automation, a deal aimed at expanding robotics and automation capabilities across manufacturing and grid solutions, which could improve long-term operational efficiency. GE Vernova Robotech Deal Puts Automation And Valuation In Fresh Focus

About GE Vernova

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.