GE Vernova Inc. $GEV Shares Purchased by National Pension Service

National Pension Service grew its position in shares of GE Vernova Inc. (NYSE:GEV) by 0.8% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 487,140 shares of the company’s stock after buying an additional 3,691 shares during the period. National Pension Service owned about 0.18% of GE Vernova worth $257,770,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in GEV. Westbourne Investment Advisors Inc. acquired a new stake in shares of GE Vernova during the 2nd quarter valued at approximately $260,000. Advyzon Investment Management LLC bought a new stake in GE Vernova during the second quarter valued at $202,000. Tiemann Investment Advisors LLC increased its stake in GE Vernova by 4.2% during the second quarter. Tiemann Investment Advisors LLC now owns 794 shares of the company’s stock valued at $420,000 after purchasing an additional 32 shares during the last quarter. Verus Capital Partners LLC acquired a new stake in shares of GE Vernova during the second quarter worth $357,000. Finally, Avalon Capital Management raised its holdings in shares of GE Vernova by 12.2% during the second quarter. Avalon Capital Management now owns 2,177 shares of the company’s stock worth $1,152,000 after purchasing an additional 237 shares during the period.

Analysts Set New Price Targets

GEV has been the subject of several research reports. BMO Capital Markets lifted their price target on shares of GE Vernova from $690.00 to $710.00 and gave the company an “outperform” rating in a report on Thursday, October 23rd. Barclays raised their target price on shares of GE Vernova from $706.00 to $710.00 and gave the stock an “overweight” rating in a report on Thursday, October 23rd. Jefferies Financial Group restated a “hold” rating and issued a $654.00 target price on shares of GE Vernova in a research note on Monday, October 27th. Robert W. Baird increased their price target on GE Vernova from $568.00 to $706.00 and gave the stock an “outperform” rating in a research report on Thursday, July 24th. Finally, Rothschild & Co Redburn reissued a “sell” rating and issued a $475.00 price target on shares of GE Vernova in a report on Wednesday, October 15th. Four equities research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $607.81.

Insider Buying and Selling

In other GE Vernova 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 transaction of $2,046,000.00. Following the transaction, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.15% of the company’s stock.

GE Vernova Price Performance

GEV opened at $575.37 on Wednesday. The stock’s 50 day moving average price is $601.80 and its 200 day moving average price is $554.33. The stock has a market cap of $156.11 billion, a P/E ratio of 93.71, a P/E/G ratio of 4.31 and a beta of 1.68. GE Vernova Inc. has a 12 month low of $252.25 and a 12 month high of $677.29.

GE Vernova (NYSE:GEV) last announced its quarterly earnings results on Wednesday, October 22nd. The company reported $1.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.72 by ($0.08). GE Vernova had a return on equity of 17.07% and a net margin of 4.52%.The business had revenue of $9.97 billion for the quarter, compared to analyst estimates of $9.15 billion. During the same quarter last year, the firm posted ($0.35) EPS. The company’s revenue was up 11.8% compared to the same quarter last year. 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 year.

GE Vernova Dividend Announcement

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

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.