GE Vernova Inc. $GEV Stock Holdings Trimmed by Asahi Life Asset Management CO. LTD.

Asahi Life Asset Management CO. LTD. lessened its position in shares of GE Vernova Inc. (NYSE:GEV) by 67.8% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 351 shares of the company’s stock after selling 739 shares during the period. Asahi Life Asset Management CO. LTD.’s holdings in GE Vernova were worth $216,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in GE Vernova by 0.6% in the third quarter. Vanguard Group Inc. now owns 24,815,463 shares of the company’s stock worth $15,259,028,000 after purchasing an additional 150,892 shares during the period. State Street Corp lifted its position in shares of GE Vernova by 1.9% in the 2nd quarter. State Street Corp now owns 11,097,778 shares of the company’s stock worth $5,872,389,000 after buying an additional 206,650 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of GE Vernova by 2.2% in the 2nd quarter. Geode Capital Management LLC now owns 6,108,484 shares of the company’s stock worth $3,221,404,000 after buying an additional 129,315 shares during the last quarter. Norges Bank acquired a new position in shares of GE Vernova in the 2nd quarter valued at about $1,809,220,000. Finally, Invesco Ltd. grew its position in shares of GE Vernova by 26.3% during the 2nd quarter. Invesco Ltd. now owns 2,217,257 shares of the company’s stock valued at $1,173,262,000 after buying an additional 462,038 shares during the last quarter.

GE Vernova Trading Down 0.6%

NYSE:GEV opened at $829.65 on Friday. The business’s fifty day moving average price is $704.97 and its 200 day moving average price is $641.23. The firm has a market capitalization of $223.62 billion, a price-to-earnings ratio of 46.61, a PEG ratio of 3.30 and a beta of 1.67. GE Vernova Inc. has a 1-year low of $252.25 and a 1-year high of $846.00.

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

GE Vernova Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 14th. Shareholders of record on Tuesday, March 17th will be given a $0.50 dividend. The ex-dividend date is 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 is presently 11.24%.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Guggenheim upgraded GE Vernova from a “neutral” rating to a “buy” rating and set a $910.00 target price for the company in a research note on Friday, January 30th. Morgan Stanley reissued an “overweight” rating and set a $817.00 price objective on shares of GE Vernova in a research note on Monday, January 26th. Citigroup upped their target price on GE Vernova from $708.00 to $779.00 and gave the company a “neutral” rating in a report on Thursday, January 29th. Barclays reissued an “overweight” rating and issued a $849.00 price target on shares of GE Vernova in a research note on Monday, February 2nd. Finally, Weiss Ratings raised shares of GE Vernova from a “hold (c)” rating to a “buy (b-)” rating in a research note on Thursday, February 5th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $788.24.

GE Vernova 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.