Bahl & Gaynor Inc. Sells 192 Shares of GE Vernova Inc. $GEV

Bahl & Gaynor Inc. cut its stake in GE Vernova Inc. (NYSE:GEV) by 16.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 990 shares of the company’s stock after selling 192 shares during the period. Bahl & Gaynor Inc.’s holdings in GE Vernova were worth $302,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in GEV. Caitong International Asset Management Co. Ltd bought a new stake in shares of GE Vernova during the first quarter valued at approximately $912,000. Resona Asset Management Co. Ltd. lifted its position in GE Vernova by 8.2% during the first quarter. Resona Asset Management Co. Ltd. now owns 86,021 shares of the company’s stock valued at $26,229,000 after buying an additional 6,551 shares during the period. Lockheed Martin Investment Management Co. purchased a new position in GE Vernova during the first quarter valued at $458,000. Golden State Wealth Management LLC lifted its position in GE Vernova by 201.7% during the 1st quarter. Golden State Wealth Management LLC now owns 1,222 shares of the company’s stock valued at $373,000 after acquiring an additional 817 shares during the period. Finally, Public Sector Pension Investment Board boosted its position in shares of GE Vernova by 8.5% in the 1st quarter. Public Sector Pension Investment Board now owns 37,620 shares of the company’s stock worth $11,485,000 after purchasing an additional 2,942 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Citigroup raised their price objective on GE Vernova from $544.00 to $670.00 and gave the company a “neutral” rating in a research report on Thursday, July 24th. Morgan Stanley increased their target price on GE Vernova from $511.00 to $675.00 and gave the stock an “overweight” rating in a research note on Thursday, July 24th. Wolfe Research lowered GE Vernova from an “outperform” rating to a “peer perform” rating in a research report on Friday, June 13th. Royal Bank Of Canada reiterated an “outperform” rating on shares of GE Vernova in a research note on Thursday, July 24th. Finally, JPMorgan Chase & Co. increased their price objective on shares of GE Vernova from $620.00 to $715.00 and gave the company an “overweight” rating in a research report on Thursday, July 24th. Four investment analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $560.21.

GE Vernova Price Performance

Shares of NYSE:GEV opened at $606.1210 on Monday. GE Vernova Inc. has a 1 year low of $173.07 and a 1 year high of $677.29. The company has a market cap of $165.00 billion, a P/E ratio of 146.05, a PEG ratio of 4.20 and a beta of 1.90. The stock’s fifty day moving average price is $576.57 and its 200-day moving average price is $442.36.

GE Vernova (NYSE:GEV) last released its quarterly earnings data on Wednesday, July 23rd. The company reported $1.86 EPS for the quarter, topping the consensus estimate of $1.63 by $0.23. GE Vernova had a return on equity of 13.23% and a net margin of 3.16%.The company had revenue of $9.11 billion during the quarter, compared to the consensus estimate of $8.78 billion. During the same period last year, the company earned $4.65 EPS. GE Vernova’s revenue for the quarter was up 11.1% on a year-over-year basis. GE Vernova has set its FY 2025 guidance at EPS. On average, sell-side analysts anticipate that GE Vernova Inc. will post 6.59 earnings per share for the current year.

GE Vernova Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, August 18th. Stockholders of record on Monday, July 21st were paid a $0.25 dividend. The ex-dividend date was Monday, July 21st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.2%. GE Vernova’s payout ratio is currently 24.10%.

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.