OVERSEA CHINESE BANKING Corp Ltd Takes $723,000 Position in GE Vernova Inc. $GEV

OVERSEA CHINESE BANKING Corp Ltd bought a new stake in GE Vernova Inc. (NYSE:GEVFree Report) during the 4th quarter, Holdings Channel reports. The institutional investor bought 1,106 shares of the company’s stock, valued at approximately $723,000.

Other large investors have also recently bought and sold shares of the company. Jackson Grant Investment Advisers Inc. increased its holdings in GE Vernova by 344.4% in the third quarter. Jackson Grant Investment Advisers Inc. now owns 40 shares of the company’s stock valued at $25,000 after buying an additional 31 shares during the last quarter. Wealth Watch Advisors INC purchased a new stake in GE Vernova in the 3rd quarter valued at $25,000. ORG Wealth Partners LLC raised its position in GE Vernova by 241.7% in the 4th quarter. ORG Wealth Partners LLC now owns 41 shares of the company’s stock valued at $27,000 after purchasing an additional 29 shares during the last quarter. Deseret Mutual Benefit Administrators raised its position in GE Vernova by 112.0% in the 3rd quarter. Deseret Mutual Benefit Administrators now owns 53 shares of the company’s stock valued at $33,000 after purchasing an additional 28 shares during the last quarter. Finally, Lodestone Wealth Management LLC purchased a new stake in GE Vernova in the 4th quarter valued at $36,000.

GE Vernova Stock Up 13.6%

NYSE GEV opened at $1,126.25 on Thursday. GE Vernova Inc. has a 52-week low of $333.19 and a 52-week high of $1,142.00. The business’s 50-day moving average price is $884.14 and its 200 day moving average price is $724.39. The firm has a market cap of $302.80 billion, a P/E ratio of 63.27, a P/E/G ratio of 3.88 and a beta of 1.43.

GE Vernova (NYSE:GEVGet Free Report) last announced its quarterly earnings data on Wednesday, April 22nd. The company reported $17.44 EPS for the quarter, beating analysts’ consensus estimates of $1.95 by $15.49. The firm had revenue of $9.34 billion during the quarter, compared to the consensus estimate of $9.19 billion. GE Vernova had a net margin of 12.83% and a return on equity of 46.91%. The firm’s revenue was up 17.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.91 earnings per share. As a group, analysts anticipate that GE Vernova Inc. will post 14.2 earnings per share for the current year.

GE Vernova Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 14th. Investors of record on Tuesday, March 17th were given a $0.50 dividend. The ex-dividend date was Tuesday, March 17th. This represents a $2.00 dividend on an annualized basis and a yield of 0.2%. GE Vernova’s dividend payout ratio (DPR) is presently 11.24%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Oppenheimer raised their price target on GE Vernova from $871.00 to $1,139.00 and gave the stock an “outperform” rating in a report on Thursday, April 16th. TD Cowen raised their price target on GE Vernova from $680.00 to $780.00 and gave the stock a “buy” rating in a report on Thursday, January 29th. Mizuho set a $714.00 price target on GE Vernova in a report on Tuesday, February 3rd. Robert W. Baird set a $923.00 price target on GE Vernova and gave the stock an “outperform” rating in a report on Wednesday, February 4th. Finally, Royal Bank Of Canada raised their price target on GE Vernova from $761.00 to $800.00 and gave the stock an “outperform” rating in a report on Friday, January 30th. Three analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $919.48.

Check Out Our Latest Research Report on GEV

Key Headlines Impacting GE Vernova

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About GE Vernova

(Free Report)

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.

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Institutional Ownership by Quarter for GE Vernova (NYSE:GEV)

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