BROOKFIELD Corp ON Grows Stock Holdings in GE Vernova Inc. $GEV

BROOKFIELD Corp ON grew its position in GE Vernova Inc. (NYSE:GEV) by 0.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,564 shares of the company’s stock after purchasing an additional 35 shares during the quarter. BROOKFIELD Corp ON’s holdings in GE Vernova were worth $3,225,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of the company. Westover Capital Advisors LLC boosted its position in shares of GE Vernova by 2.3% in the first quarter. Westover Capital Advisors LLC now owns 1,130 shares of the company’s stock worth $345,000 after purchasing an additional 25 shares during the period. SVB Wealth LLC boosted its position in shares of GE Vernova by 0.7% in the first quarter. SVB Wealth LLC now owns 3,585 shares of the company’s stock worth $1,094,000 after purchasing an additional 26 shares during the period. Stonebridge Financial Group LLC boosted its position in shares of GE Vernova by 8.9% in the first quarter. Stonebridge Financial Group LLC now owns 344 shares of the company’s stock worth $105,000 after purchasing an additional 28 shares during the period. Whittier Trust Co. of Nevada Inc. boosted its position in shares of GE Vernova by 0.4% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 8,510 shares of the company’s stock worth $2,598,000 after purchasing an additional 30 shares during the period. Finally, Hemington Wealth Management boosted its position in shares of GE Vernova by 20.3% in the first quarter. Hemington Wealth Management now owns 178 shares of the company’s stock worth $54,000 after purchasing an additional 30 shares during the period.

Insider Buying and Selling

In other GE Vernova news, CFO Kenneth Scott Parks sold 3,300 shares of the stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $620.00, for a total transaction of $2,046,000.00. Following the completion of the transaction, the chief financial officer owned 7,590 shares in the company, valued at $4,705,800. This trade represents a 30.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.15% of the stock is owned by company insiders.

GE Vernova Stock Down 1.3%

GEV stock opened at $635.37 on Friday. GE Vernova Inc. has a 52 week low of $199.65 and a 52 week high of $677.29. The company has a fifty day simple moving average of $606.48 and a two-hundred day simple moving average of $465.05. The firm has a market capitalization of $172.96 billion, a P/E ratio of 153.10, a price-to-earnings-growth ratio of 4.45 and a beta of 1.87.

GE Vernova (NYSE:GEV) last released its quarterly earnings data on Wednesday, July 23rd. The company reported $1.86 EPS for the quarter, beating the consensus estimate of $1.63 by $0.23. GE Vernova had a net margin of 3.16% and a return on equity of 13.23%. The business had revenue of $9.11 billion during the quarter, compared to analyst estimates of $8.78 billion. During the same quarter last year, the business earned $4.65 earnings per share. GE Vernova’s quarterly revenue was up 11.1% compared to the same quarter last year. GE Vernova has set its FY 2025 guidance at EPS. As a group, analysts anticipate that GE Vernova Inc. will post 6.59 EPS for the current year.

GE Vernova Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 18th. Shareholders of record on Monday, July 21st were given a dividend of $0.25 per share. The ex-dividend date was Monday, July 21st. This represents a $1.00 annualized dividend and a yield of 0.2%. GE Vernova’s dividend payout ratio (DPR) is 24.10%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on GEV. HSBC upped their price target on shares of GE Vernova from $570.00 to $580.00 and gave the stock a “hold” rating in a research report on Friday, September 5th. Seaport Res Ptn upgraded shares of GE Vernova to a “strong-buy” rating in a research report on Thursday, July 10th. JPMorgan Chase & Co. upped their target price on shares of GE Vernova from $620.00 to $715.00 and gave the stock an “overweight” rating in a research report on Thursday, July 24th. UBS Group initiated coverage on shares of GE Vernova in a research report on Monday, July 7th. They set a “buy” rating and a $614.00 target price for the company. Finally, Susquehanna upped their target price on shares of GE Vernova from $662.00 to $736.00 and gave the stock a “positive” rating in a research report on Thursday, July 24th. Four equities research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $573.75.

GE Vernova Profile

GE Vernova LLC, an energy business company, generates electricity. It operates under three segments: Power, Wind, and Electrification. The Power segments generates and sells electricity through hydro, gas, nuclear, and steam power. Wind segment engages in the manufacturing and sale of wind turbine blades; and Electrification segment provides grid solutions, power conversion, solar, and storage solutions.