GE Vernova Inc. $GEV Shares Sold by Boston Trust Walden Corp

Boston Trust Walden Corp cut 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 Securities and Exchange Commission. The fund owned 1,254 shares of the company’s stock after selling 111 shares during the quarter. Boston Trust Walden Corp’s holdings in GE Vernova were worth $664,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. TD Asset Management Inc boosted its position in GE Vernova by 0.6% during the second quarter. TD Asset Management Inc now owns 931,997 shares of the company’s stock worth $493,166,000 after acquiring an additional 5,155 shares during the last quarter. Frazier Financial Advisors LLC boosted its position in GE Vernova by 95.8% during the second quarter. Frazier Financial Advisors LLC now owns 186 shares of the company’s stock worth $98,000 after acquiring an additional 91 shares during the last quarter. Wilmington Savings Fund Society FSB boosted its position in GE Vernova by 10.8% during the second quarter. Wilmington Savings Fund Society FSB now owns 9,759 shares of the company’s stock worth $5,164,000 after acquiring an additional 950 shares during the last quarter. RFG Advisory LLC acquired a new position in GE Vernova during the second quarter worth about $267,000. Finally, Axxcess Wealth Management LLC boosted its position in GE Vernova by 17.3% during the second quarter. Axxcess Wealth Management LLC now owns 6,591 shares of the company’s stock worth $3,488,000 after acquiring an additional 972 shares during the last quarter.

Insider Activity at GE Vernova

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

Analyst Ratings Changes

A number of research firms recently weighed in on GEV. UBS Group initiated coverage on shares of GE Vernova in a research report on Monday, July 7th. They set a “buy” rating and a $614.00 price target on the stock. TD Cowen boosted their target price on shares of GE Vernova from $390.00 to $685.00 and gave the company a “buy” rating in a report on Friday, July 25th. Jefferies Financial Group boosted their target price on shares of GE Vernova from $658.00 to $668.00 and gave the company a “hold” rating in a report on Friday, September 12th. Bank of America boosted their target price on shares of GE Vernova from $550.00 to $620.00 and gave the company a “buy” rating in a report on Thursday, July 17th. Finally, Barclays boosted their target price on shares of GE Vernova from $580.00 to $706.00 and gave the company an “overweight” rating in a report on Thursday, July 24th. Four equities research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, GE Vernova currently has a consensus rating of “Moderate Buy” and a consensus price target of $592.07.

GE Vernova Stock Performance

Shares of GEV stock opened at $617.78 on Thursday. The firm’s 50 day moving average price is $618.29 and its 200-day moving average price is $515.27. GE Vernova Inc. has a one year low of $252.25 and a one year high of $677.29. The firm has a market cap of $168.17 billion, a P/E ratio of 148.86, a P/E/G ratio of 4.67 and a beta of 1.72.

GE Vernova (NYSE:GEV) last issued its quarterly earnings data on Wednesday, July 23rd. The company reported $1.86 EPS for the quarter, topping the consensus estimate 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 analyst estimates of $8.78 billion. During the same period in the prior year, the business posted $4.65 EPS. The business’s revenue for the quarter was up 11.1% compared to the same quarter last year. GE Vernova has set its FY 2025 guidance at EPS. As a group, research analysts predict that GE Vernova Inc. will post 6.59 EPS for the current fiscal year.

GE Vernova Announces Dividend

The business 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. This represents a $1.00 annualized dividend and a dividend yield of 0.2%. The ex-dividend date is Monday, October 20th. 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.