Field & Main Bank Has $1.29 Million Holdings in GE Vernova Inc. $GEV

Field & Main Bank grew its position in shares of GE Vernova Inc. (NYSE:GEV) by 7.2% in the 2nd quarter, Holdings Channel reports. The firm owned 2,431 shares of the company’s stock after acquiring an additional 164 shares during the quarter. Field & Main Bank’s holdings in GE Vernova were worth $1,286,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. WFA Asset Management Corp acquired a new position in GE Vernova in the second quarter valued at $29,000. Highline Wealth Partners LLC raised its position in shares of GE Vernova by 34.6% in the 2nd quarter. Highline Wealth Partners LLC now owns 70 shares of the company’s stock worth $37,000 after acquiring an additional 18 shares in the last quarter. Raleigh Capital Management Inc. acquired a new position in shares of GE Vernova in the 2nd quarter valued at about $37,000. Advantage Trust Co bought a new stake in shares of GE Vernova during the 2nd quarter valued at about $40,000. Finally, Solstein Capital LLC acquired a new stake in GE Vernova during the second quarter worth approximately $44,000.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Royal Bank Of Canada boosted their price target on GE Vernova from $605.00 to $630.00 and gave the company a “sector perform” rating in a research note on Thursday, October 23rd. Rothschild Redb downgraded shares of GE Vernova from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 15th. Rothschild & Co Redburn restated a “sell” rating and issued a $475.00 price target on shares of GE Vernova in a report on Wednesday, October 15th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $654.00 price target on shares of GE Vernova in a research note on Monday. Finally, Wall Street Zen downgraded GE Vernova from a “buy” rating to a “hold” rating in a research note on Saturday, July 26th. Four analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, eight have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, GE Vernova currently has a consensus rating of “Moderate Buy” and a consensus target price of $607.07.

GE Vernova Stock Performance

NYSE:GEV opened at $577.44 on Thursday. The firm has a market cap of $156.67 billion, a price-to-earnings ratio of 94.05, a price-to-earnings-growth ratio of 4.12 and a beta of 1.72. The firm has a 50-day moving average price of $609.33 and a two-hundred day moving average price of $537.88. GE Vernova Inc. has a 52 week low of $252.25 and a 52 week high of $677.29.

GE Vernova (NYSE:GEV) last posted its quarterly earnings data on Wednesday, October 22nd. The company reported $1.64 earnings per share for the quarter, missing the consensus estimate of $1.72 by ($0.08). The business had revenue of $9.97 billion during the quarter, compared to analysts’ expectations of $9.15 billion. GE Vernova had a return on equity of 17.07% and a net margin of 4.52%.The firm’s revenue for the quarter was up 11.8% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.35) EPS. GE Vernova has set its FY 2025 guidance at EPS. As a group, sell-side analysts forecast that GE Vernova Inc. will post 6.59 earnings per share for the current year.

GE Vernova Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 17th. Investors of record on Monday, October 20th will be paid a $0.25 dividend. The ex-dividend date is Monday, October 20th. This represents a $1.00 annualized dividend and a yield of 0.2%. GE Vernova’s dividend payout ratio is presently 16.29%.

Insider Buying and Selling at GE Vernova

In related news, CFO Kenneth Scott Parks sold 3,300 shares of GE Vernova stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $620.00, for a total value of $2,046,000.00. Following the completion of the sale, the chief financial officer owned 7,590 shares of the company’s stock, valued at approximately $4,705,800. This trade represents a 30.30% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.15% of the company’s stock.

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.