BOS Asset Management LLC Increases Stake in GE Vernova Inc. $GEV

BOS Asset Management LLC increased its holdings in GE Vernova Inc. (NYSE:GEV) by 4.5% in the first quarter, Holdings Channel.com reports. The firm owned 723 shares of the company’s stock after acquiring an additional 31 shares during the period. BOS Asset Management LLC’s holdings in GE Vernova were worth $221,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in GEV. Caitong International Asset Management Co. Ltd purchased a new stake in GE Vernova during the 1st quarter valued at $912,000. Resona Asset Management Co. Ltd. boosted its position in GE Vernova by 8.2% during the 1st 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 stake in GE Vernova during the 1st quarter valued at $458,000. Golden State Wealth Management LLC boosted 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 buying an additional 817 shares during the period. Finally, Public Sector Pension Investment Board raised its holdings in 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 Analyst Weigh In

Several research analysts have commented on the stock. Morgan Stanley upped their price objective on shares of GE Vernova from $511.00 to $675.00 and gave the stock an “overweight” rating in a report on Thursday, July 24th. Guggenheim lowered shares of GE Vernova from a “buy” rating to a “neutral” rating in a report on Monday, July 28th. Susquehanna upped their price objective on shares of GE Vernova from $662.00 to $736.00 and gave the stock a “positive” rating in a report on Thursday, July 24th. Wall Street Zen lowered shares of GE Vernova from a “buy” rating to a “hold” rating in a report on Saturday, July 26th. Finally, Citigroup upped their price objective on shares of GE Vernova from $544.00 to $670.00 and gave the stock a “neutral” rating in a report on Thursday, July 24th. Four equities research 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 company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $573.75.

GE Vernova Price Performance

Shares of GE Vernova stock opened at $642.78 on Thursday. The company has a 50-day moving average of $604.12 and a 200 day moving average of $462.85. The firm has a market cap of $174.98 billion, a price-to-earnings ratio of 154.89, a PEG ratio of 4.19 and a beta of 1.87. GE Vernova Inc. has a 1 year low of $199.65 and a 1 year high of $677.29.

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

GE Vernova Dividend Announcement

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

Insider Activity

In related news, CFO Kenneth Scott Parks sold 3,300 shares of the stock in a transaction dated 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 transaction, the chief financial officer directly owned 7,590 shares in the company, valued at $4,705,800. This trade represents a 30.30% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.15% of the stock is currently owned by insiders.

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.