Kaizen Financial Strategies Purchases Shares of 405 GE Vernova Inc. $GEV

Kaizen Financial Strategies acquired a new position in GE Vernova Inc. (NYSE:GEV) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 405 shares of the company’s stock, valued at approximately $214,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Calamos Advisors LLC increased its holdings in GE Vernova by 7.2% in the 2nd quarter. Calamos Advisors LLC now owns 145,541 shares of the company’s stock valued at $77,013,000 after purchasing an additional 9,716 shares in the last quarter. Police & Firemen s Retirement System of New Jersey grew its stake in shares of GE Vernova by 4.6% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 41,488 shares of the company’s stock valued at $21,953,000 after buying an additional 1,809 shares in the last quarter. Bailard Inc. raised its holdings in shares of GE Vernova by 21.9% during the 2nd quarter. Bailard Inc. now owns 1,356 shares of the company’s stock valued at $718,000 after buying an additional 244 shares during the period. Geode Capital Management LLC raised its holdings in shares of GE Vernova by 2.2% during the 2nd quarter. Geode Capital Management LLC now owns 6,108,484 shares of the company’s stock valued at $3,221,404,000 after buying an additional 129,315 shares during the period. Finally, Everett Harris & Co. CA boosted its holdings in GE Vernova by 14.9% in the 2nd quarter. Everett Harris & Co. CA now owns 1,883 shares of the company’s stock worth $997,000 after acquiring an additional 244 shares during the period.

GE Vernova Stock Performance

NYSE:GEV opened at $575.07 on Thursday. The company has a market capitalization of $156.03 billion, a price-to-earnings ratio of 93.66, a price-to-earnings-growth ratio of 4.28 and a beta of 1.68. GE Vernova Inc. has a one year low of $252.25 and a one year high of $677.29. The stock has a 50-day simple moving average of $601.77 and a 200 day simple moving average of $554.47.

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

GE Vernova Dividend Announcement

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

Insiders Place Their Bets

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 sale, the chief financial officer directly owned 7,590 shares of the company’s stock, valued at approximately $4,705,800. This represents a 30.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.15% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

GEV has been the subject of several recent research reports. Susquehanna increased their price objective on shares of GE Vernova from $740.00 to $750.00 and gave the company a “positive” rating in a research report on Thursday, October 23rd. BMO Capital Markets raised 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. Mizuho cut their price objective on shares of GE Vernova from $677.00 to $660.00 and set a “neutral” rating on the stock in a report on Friday, October 24th. Jefferies Financial Group reaffirmed a “hold” rating and set a $654.00 target price on shares of GE Vernova in a research report on Monday, October 27th. Finally, Morgan Stanley boosted their price target on GE Vernova from $690.00 to $710.00 and gave the stock an “overweight” rating in a research note on Thursday, October 30th. Four equities research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $607.81.

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.