American National Bank & Trust Boosts Stake in GE Vernova Inc. $GEV

American National Bank & Trust grew its stake in GE Vernova Inc. (NYSE:GEV) by 25.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,350 shares of the company’s stock after buying an additional 274 shares during the period. American National Bank & Trust’s holdings in GE Vernova were worth $714,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. EQ Wealth Advisors LLC purchased a new position in shares of GE Vernova during the first quarter worth $27,000. IMA Advisory Services Inc. acquired a new stake in GE Vernova during the first quarter valued at $27,000. Mowery & Schoenfeld Wealth Management LLC grew its position in GE Vernova by 115.2% during the first quarter. Mowery & Schoenfeld Wealth Management LLC now owns 99 shares of the company’s stock valued at $30,000 after buying an additional 53 shares during the period. 1248 Management LLC acquired a new stake in GE Vernova during the first quarter valued at $31,000. Finally, Saudi Central Bank acquired a new stake in shares of GE Vernova in the first quarter valued at about $33,000.

Analyst Ratings Changes

GEV has been the topic of several research analyst reports. Barclays lifted their target price on shares of GE Vernova from $580.00 to $706.00 and gave the company an “overweight” rating in a research 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. Glj Research began coverage on shares of GE Vernova in a research note on Monday, June 23rd. They issued a “buy” rating on the stock. The Goldman Sachs Group upped their target price on shares of GE Vernova from $500.00 to $570.00 and gave the stock a “buy” rating in a research note on Tuesday, June 10th. Finally, Jefferies Financial Group increased their price objective on shares of GE Vernova from $658.00 to $668.00 and gave the company a “hold” rating in a research report on Friday, September 12th. Four equities research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat.com, GE Vernova has an average rating of “Moderate Buy” and an average price target of $592.35.

GE Vernova Price Performance

GE Vernova stock opened at $606.80 on Friday. GE Vernova Inc. has a 12-month low of $247.07 and a 12-month high of $677.29. The stock has a market capitalization of $165.18 billion, a P/E ratio of 146.22, a P/E/G ratio of 4.58 and a beta of 1.87. The firm’s 50-day moving average is $622.39 and its two-hundred day moving average is $486.60.

GE Vernova (NYSE:GEV) last released its 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 business had revenue of $9.11 billion for the quarter, compared to analysts’ expectations of $8.78 billion. GE Vernova had a net margin of 3.16% and a return on equity of 13.23%. The company’s quarterly revenue was up 11.1% on a year-over-year basis. During the same period last year, the company earned $4.65 earnings per share. GE Vernova has set its FY 2025 guidance at EPS. As a group, analysts forecast that GE Vernova Inc. will post 6.59 EPS for the current year.

GE Vernova Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 17th. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.2%. GE Vernova’s dividend payout ratio (DPR) is currently 24.10%.

Insider Transactions at GE Vernova

In related news, CFO Kenneth Scott Parks sold 3,300 shares of the company’s stock in a transaction 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 sale, the chief financial officer directly owned 7,590 shares of the company’s stock, valued at $4,705,800. This represents a 30.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.15% of the stock is owned by corporate 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.