General Electric and affiliates draw fresh institutional investments

Investors have increased stakes in several General Electric‑related companies. A $5,000 purchase of GE Vernova shares at its April 5, 2024 low of $122.46 would be worth more than $40,400 today, reflecting strong growth in its Power and Electrification segments.

Groupama Asset Management boosted its holding in Heico Corporation to 23,407 shares, valued at about $6.42 million after a 31.3% increase in the first quarter. Heico reported quarterly earnings of $1.66 per share on $1.38 billion of revenue, beating expectations.

Axiom Investment Management acquired 3,673 shares of GE Aerospace for roughly $1.04 million in the first quarter, adding to a wave of recent purchases by other hedge funds that have been expanding positions in the aerospace firm.