Silvant Capital Management LLC Grows Stock Holdings in GE Vernova Inc. $GEV

Silvant Capital Management LLC raised its stake in shares of GE Vernova Inc. (NYSE:GEV) by 30.9% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 80,096 shares of the company’s stock after buying an additional 18,912 shares during the quarter. GE Vernova comprises 1.6% of Silvant Capital Management LLC’s portfolio, making the stock its 15th largest holding. Silvant Capital Management LLC’s holdings in GE Vernova were worth $42,383,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Brighton Jones LLC raised its position in GE Vernova by 29.4% in the 4th quarter. Brighton Jones LLC now owns 3,315 shares of the company’s stock worth $1,091,000 after purchasing an additional 753 shares during the period. LPL Financial LLC raised its holdings in GE Vernova by 10.1% during the 1st quarter. LPL Financial LLC now owns 221,399 shares of the company’s stock valued at $67,589,000 after buying an additional 20,378 shares during the last quarter. Mackenzie Financial Corp raised its holdings in GE Vernova by 8.5% during the 1st quarter. Mackenzie Financial Corp now owns 26,927 shares of the company’s stock valued at $8,220,000 after buying an additional 2,119 shares during the last quarter. GSA Capital Partners LLP boosted its position in GE Vernova by 95.4% during the 1st quarter. GSA Capital Partners LLP now owns 3,491 shares of the company’s stock valued at $1,066,000 after buying an additional 1,704 shares during the period. Finally, Banque Cantonale Vaudoise purchased a new stake in GE Vernova in the 1st quarter worth approximately $962,000.

GE Vernova Stock Performance

Shares of GEV opened at $590.38 on Friday. The company’s fifty day moving average is $592.71 and its 200 day moving average is $567.42. GE Vernova Inc. has a fifty-two week low of $252.25 and a fifty-two week high of $677.29. The stock has a market capitalization of $160.18 billion, a PE ratio of 96.15, a P/E/G ratio of 4.39 and a beta of 1.68.

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

GE Vernova Announces Dividend

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

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. UBS Group set a $710.00 price objective on GE Vernova in a research report on Thursday, October 23rd. Glj Research raised their price target on GE Vernova from $702.00 to $758.00 and gave the company a “buy” rating in a report on Wednesday, October 15th. BMO Capital Markets upped their price target on shares of GE Vernova from $690.00 to $710.00 and gave the stock an “outperform” rating in a research note on Thursday, October 23rd. Morgan Stanley boosted their target price on GE Vernova from $690.00 to $710.00 and gave the stock an “overweight” rating in a research report on Thursday, October 30th. Finally, Wells Fargo & Company increased their price objective on shares of GE Vernova from $697.00 to $717.00 and gave the stock an “overweight” rating in a research note on Friday, October 24th. Four investment analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $607.81.

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.