Vestor Capital LLC Has $3.08 Million Position in GE Vernova Inc. $GEV

Vestor Capital LLC lessened its stake in GE Vernova Inc. (NYSE:GEV) by 6.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,813 shares of the company’s stock after selling 406 shares during the period. Vestor Capital LLC’s holdings in GE Vernova were worth $3,076,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. WFA Asset Management Corp acquired a new stake in shares of GE Vernova during the 2nd quarter worth approximately $29,000. 1248 Management LLC bought a new position in GE Vernova in the first quarter worth $31,000. Saudi Central Bank acquired a new stake in GE Vernova during the first quarter worth $33,000. Ransom Advisory Ltd bought a new stake in GE Vernova in the 1st quarter valued at $33,000. Finally, Highline Wealth Partners LLC raised its stake 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 valued at $37,000 after buying an additional 18 shares in the last quarter.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Susquehanna lifted their target price 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. TD Cowen decreased their price objective on GE Vernova from $685.00 to $680.00 and set a “buy” rating on the stock in a report on Thursday, October 23rd. HSBC upped their price objective on GE Vernova from $570.00 to $580.00 and gave the company a “hold” rating in a research note on Friday, September 5th. UBS Group set a $710.00 target price on GE Vernova in a research report on Thursday, October 23rd. Finally, Glj Research upped their price target on GE Vernova from $702.00 to $758.00 and gave the company a “buy” rating in a research report on Wednesday, October 15th. Four analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $607.81.

GE Vernova Stock Performance

GE Vernova stock opened at $555.98 on Friday. The business’s fifty day moving average is $595.52 and its two-hundred day moving average is $563.46. The firm has a market cap of $150.85 billion, a P/E ratio of 90.55, a P/E/G ratio of 4.13 and a beta of 1.68. GE Vernova Inc. has a 52 week low of $252.25 and a 52 week high of $677.29.

GE Vernova (NYSE:GEV) last released 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). The business had revenue of $9.97 billion during the quarter, compared to the consensus estimate of $9.15 billion. GE Vernova had a net margin of 4.52% and a return on equity of 17.07%. The business’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.35) earnings per share. GE Vernova has set its FY 2025 guidance at EPS. On average, equities research analysts predict that GE Vernova Inc. will post 6.59 earnings per share for the current year.

GE Vernova Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, November 17th. Stockholders of record on Monday, October 20th were given 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 was Monday, October 20th. GE Vernova’s dividend payout ratio is presently 16.29%.

Insider Activity at GE Vernova

In related news, CFO Kenneth Scott Parks sold 3,300 shares of the firm’s stock in a transaction that occurred on 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 completion of the sale, the chief financial officer owned 7,590 shares of the company’s stock, valued at $4,705,800. This trade represents a 30.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.15% of the stock is owned by company insiders.

About GE Vernova

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.