GE Vernova Inc. $GEV Shares Acquired by Ameriflex Group Inc.

Ameriflex Group Inc. lifted its holdings in shares of GE Vernova Inc. (NYSE:GEV) by 8.1% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 523 shares of the company’s stock after acquiring an additional 39 shares during the period. Ameriflex Group Inc.’s holdings in GE Vernova were worth $265,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. QRG Capital Management Inc. grew its stake in shares of GE Vernova by 80.8% during the second quarter. QRG Capital Management Inc. now owns 65,345 shares of the company’s stock worth $34,577,000 after acquiring an additional 29,208 shares during the last quarter. Successful Portfolios LLC purchased a new stake in shares of GE Vernova during the second quarter worth about $264,000. WT Asset Management Ltd purchased a new stake in shares of GE Vernova during the second quarter worth about $39,966,000. Financial Council LLC purchased a new stake in shares of GE Vernova during the second quarter worth about $239,000. Finally, Vaughan Nelson Investment Management L.P. grew its stake in shares of GE Vernova by 138.6% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 81,139 shares of the company’s stock worth $42,935,000 after acquiring an additional 47,134 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Glj Research assumed coverage on GE Vernova in a research note on Monday, June 23rd. They set a “buy” rating on the stock. Jefferies Financial Group lifted their target price on GE Vernova from $658.00 to $668.00 and gave the stock a “hold” rating in a report on Friday, September 12th. The Goldman Sachs Group upped their target price on GE Vernova from $500.00 to $570.00 and gave the company a “buy” rating in a research report on Tuesday, June 10th. BMO Capital Markets upped their target price on GE Vernova from $590.00 to $690.00 and gave the company an “outperform” rating in a research report on Thursday, July 24th. Finally, JPMorgan Chase & Co. raised their target price on shares of GE Vernova from $620.00 to $715.00 and gave the stock an “overweight” rating in a report on Thursday, July 24th. Four investment analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, GE Vernova currently has a consensus rating of “Moderate Buy” and a consensus price target of $598.50.

GE Vernova Stock Performance

Shares of GEV opened at $595.07 on Friday. The stock has a 50 day moving average price of $623.21 and a 200 day moving average price of $498.89. The stock has a market capitalization of $161.99 billion, a price-to-earnings ratio of 143.39, a PEG ratio of 4.42 and a beta of 1.72. GE Vernova Inc. has a one year low of $252.25 and a one year high of $677.29.

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

GE Vernova Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, November 17th. Shareholders of record on Monday, October 20th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.2%. The ex-dividend date is Monday, October 20th. GE Vernova’s dividend payout ratio is presently 24.10%.

Insider Transactions at GE Vernova

In other GE Vernova news, CFO Kenneth Scott Parks sold 3,300 shares of the company’s stock in a transaction on Tuesday, August 26th. The stock was 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 directly owned 7,590 shares in the company, valued at $4,705,800. This represents a 30.30% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.15% of the stock is currently owned by 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.