DLK Investment Management LLC Sells 200 Shares of GE Vernova Inc. $GEV

DLK Investment Management LLC reduced its stake in GE Vernova Inc. (NYSE:GEV) by 10.6% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,684 shares of the company’s stock after selling 200 shares during the quarter. DLK Investment Management LLC’s holdings in GE Vernova were worth $891,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. EQ Wealth Advisors LLC bought a new position in shares of GE Vernova in the first quarter worth about $27,000. IMA Advisory Services Inc. bought a new stake in GE Vernova during the 1st quarter worth approximately $27,000. Orion Capital Management LLC purchased a new position in GE Vernova during the fourth quarter valued at approximately $30,000. Mowery & Schoenfeld Wealth Management LLC boosted its position in shares of GE Vernova by 115.2% in the first quarter. Mowery & Schoenfeld Wealth Management LLC now owns 99 shares of the company’s stock worth $30,000 after purchasing an additional 53 shares during the period. Finally, 1248 Management LLC bought a new position in shares of GE Vernova in the first quarter worth approximately $31,000.

GE Vernova Stock Down 1.7%

GEV opened at $618.28 on Wednesday. The business has a fifty day moving average of $612.36 and a 200 day moving average of $472.16. The stock has a market cap of $168.31 billion, a P/E ratio of 148.98, a PEG ratio of 4.35 and a beta of 1.87. GE Vernova Inc. has a 52-week low of $233.51 and a 52-week high of $677.29.

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

GE Vernova Announces Dividend

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

Insider Activity at GE Vernova

In other news, CFO Kenneth Scott Parks sold 3,300 shares of the firm’s stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $620.00, for a total value of $2,046,000.00. Following the sale, the chief financial officer directly owned 7,590 shares in the company, valued at approximately $4,705,800. This trade represents a 30.30% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.15% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Susquehanna lifted their target price on shares of GE Vernova from $662.00 to $736.00 and gave the company a “positive” rating in a research note on Thursday, July 24th. Jefferies Financial Group raised their price target on GE Vernova from $658.00 to $668.00 and gave the company a “hold” rating in a report on Friday, September 12th. Morgan Stanley upped their price objective on GE Vernova from $511.00 to $675.00 and gave the stock an “overweight” rating in a research note on Thursday, July 24th. Melius raised GE Vernova from a “hold” rating to a “buy” rating and set a $740.00 target price on the stock in a research note on Monday. Finally, Mizuho cut GE Vernova from an “outperform” rating to a “neutral” rating and set a $670.00 price target on the stock. in a report on Monday, July 28th. Four analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat, GE Vernova presently has a consensus rating of “Moderate Buy” and an average price target of $592.35.

GE Vernova Company 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.