ORG Partners LLC Grows Holdings in GE Vernova Inc. $GEV

ORG Partners LLC boosted its position in GE Vernova Inc. (NYSE:GEV) by 24.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 596 shares of the company’s stock after buying an additional 117 shares during the quarter. ORG Partners LLC’s holdings in GE Vernova were worth $306,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Brighton Jones LLC raised its holdings in GE Vernova by 29.4% during the fourth quarter. Brighton Jones LLC now owns 3,315 shares of the company’s stock worth $1,091,000 after purchasing an additional 753 shares in the last quarter. Centaurus Financial Inc. grew its position in GE Vernova by 94.4% in the 4th quarter. Centaurus Financial Inc. now owns 1,600 shares of the company’s stock worth $526,000 after purchasing an additional 777 shares during the last quarter. NorthCrest Asset Manangement LLC acquired a new stake in GE Vernova during the fourth quarter valued at approximately $237,000. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of GE Vernova by 24.4% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,409 shares of the company’s stock worth $430,000 after acquiring an additional 276 shares in the last quarter. Finally, First Hawaiian Bank bought a new position in shares of GE Vernova in the first quarter worth about $341,000.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on GEV. Melius raised shares of GE Vernova from a “hold” rating to a “buy” rating and set a $740.00 price target on the stock in a research report on Monday, September 15th. Jefferies Financial Group upped their price objective on shares of GE Vernova from $658.00 to $668.00 and gave the stock a “hold” rating in a research report on Friday, September 12th. 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. Susquehanna lifted their price objective on GE Vernova from $662.00 to $736.00 and gave the stock a “positive” rating in a research report on Thursday, July 24th. Finally, Bank of America lifted their price target on shares of GE Vernova from $550.00 to $620.00 and gave the company a “buy” rating in a research report on Thursday, July 17th. Four analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $592.35.

Insider Buying and Selling at GE Vernova

In other news, CFO Kenneth Scott Parks sold 3,300 shares of the business’s stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $620.00, for a total transaction of $2,046,000.00. Following the transaction, the chief financial officer directly owned 7,590 shares in the company, valued at $4,705,800. The trade was a 30.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.15% of the company’s stock.

GE Vernova Trading Down 0.4%

Shares of GEV opened at $605.21 on Friday. The firm has a market capitalization of $164.75 billion, a price-to-earnings ratio of 145.83, a PEG ratio of 4.41 and a beta of 1.87. The firm’s 50-day moving average price is $622.99 and its 200-day moving average price is $490.14. GE Vernova Inc. has a 1-year low of $248.50 and a 1-year high of $677.29.

GE Vernova (NYSE:GEV) last posted its quarterly earnings results on Wednesday, July 23rd. The company reported $1.86 EPS for the quarter, beating analysts’ consensus estimates of $1.63 by $0.23. GE Vernova had a net margin of 3.16% and a return on equity of 13.23%. The firm had revenue of $9.11 billion for the quarter, compared to analysts’ expectations of $8.78 billion. During the same quarter in the prior year, the company posted $4.65 earnings per share. The business’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, research analysts forecast that GE Vernova Inc. will post 6.59 EPS for the current fiscal 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 issued a $0.25 dividend. The ex-dividend date of this dividend 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 is currently 24.10%.

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.