Stock Yards Bank & Trust Co. Has $1.51 Million Stock Position in GE Vernova Inc. $GEV

Stock Yards Bank & Trust Co. increased its position in shares of GE Vernova Inc. (NYSE:GEV) by 6.1% during the second quarter, Holdings Channel reports. The institutional investor owned 2,844 shares of the company’s stock after purchasing an additional 163 shares during the period. Stock Yards Bank & Trust Co.’s holdings in GE Vernova were worth $1,505,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Clarity Capital Partners LLC raised its stake in GE Vernova by 33.3% during the 2nd quarter. Clarity Capital Partners LLC now owns 901 shares of the company’s stock worth $477,000 after buying an additional 225 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its stake in GE Vernova by 15.8% during the 2nd quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 3,982 shares of the company’s stock worth $2,107,000 after buying an additional 542 shares during the period. DHJJ Financial Advisors Ltd. raised its stake in GE Vernova by 35.4% during the 2nd quarter. DHJJ Financial Advisors Ltd. now owns 134 shares of the company’s stock worth $71,000 after buying an additional 35 shares during the period. Sterling Investment Counsel LLC acquired a new position in GE Vernova during the 2nd quarter worth approximately $291,000. Finally, Yeomans Consulting Group Inc. acquired a new position in GE Vernova during the 2nd quarter worth approximately $470,000.

Insider Activity at GE Vernova

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

Analyst Upgrades and Downgrades

GEV has been the topic of a number of research reports. Wells Fargo & Company upped their price target on GE Vernova from $474.00 to $697.00 and gave the stock an “overweight” rating in a research note on Thursday, July 24th. Guggenheim downgraded GE Vernova from a “buy” rating to a “neutral” rating in a research note on Monday, July 28th. UBS Group assumed coverage on GE Vernova in a research note on Monday, July 7th. They issued a “buy” rating and a $614.00 price objective for the company. Wall Street Zen downgraded GE Vernova from a “buy” rating to a “hold” rating in a research note on Saturday, July 26th. Finally, Morgan Stanley increased their price objective on GE Vernova from $511.00 to $675.00 and gave the stock an “overweight” rating in a research note on Thursday, July 24th. Four 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 company’s stock. Based on data from MarketBeat.com, GE Vernova has a consensus rating of “Moderate Buy” and an average price target of $598.50.

GE Vernova Trading Down 1.8%

Shares of GEV opened at $595.07 on Friday. The company has a market capitalization of $161.99 billion, a price-to-earnings ratio of 143.39, a PEG ratio of 4.34 and a beta of 1.72. The stock has a 50 day moving average of $623.21 and a 200 day moving average of $500.03. GE Vernova Inc. has a 12 month low of $252.25 and a 12 month high of $677.29.

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

GE Vernova Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 17th. Investors of record on Monday, October 20th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend is Monday, October 20th. GE Vernova’s dividend payout ratio (DPR) is presently 24.10%.

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.