Metis Global Partners LLC Sells 842 Shares of GE Vernova Inc. $GEV

Metis Global Partners LLC decreased its holdings in shares of GE Vernova Inc. (NYSE:GEV) by 6.6% in the 2nd quarter, Holdings Channel reports. The firm owned 11,973 shares of the company’s stock after selling 842 shares during the period. Metis Global Partners LLC’s holdings in GE Vernova were worth $6,336,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of GEV. IMA Advisory Services Inc. bought a new position in GE Vernova in the first quarter valued at $27,000. WFA Asset Management Corp bought a new stake in GE Vernova in the 2nd quarter worth approximately $29,000. Mowery & Schoenfeld Wealth Management LLC boosted its stake in GE Vernova by 115.2% in the first quarter. Mowery & Schoenfeld Wealth Management LLC now owns 99 shares of the company’s stock worth $30,000 after buying an additional 53 shares in the last quarter. 1248 Management LLC purchased a new position in shares of GE Vernova during the first quarter worth approximately $31,000. Finally, Saudi Central Bank bought a new stake in shares of GE Vernova in the 1st quarter worth approximately $33,000.

GE Vernova Stock Up 4.6%

NYSE:GEV opened at $575.61 on Friday. The firm’s fifty day simple moving average is $602.58 and its 200 day simple moving average is $548.30. The stock has a market cap of $156.18 billion, a P/E ratio of 93.75, a price-to-earnings-growth ratio of 4.09 and a beta of 1.68. GE Vernova Inc. has a twelve month low of $252.25 and a twelve month high of $677.29.

GE Vernova (NYSE:GEV) last announced its quarterly earnings results on Wednesday, October 22nd. The company reported $1.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.72 by ($0.08). GE Vernova had a net margin of 4.52% and a return on equity of 17.07%. The company had revenue of $9.97 billion for the quarter, compared to analysts’ expectations of $9.15 billion. During the same quarter in the prior year, the firm earned ($0.35) EPS. GE Vernova’s quarterly revenue was up 11.8% compared to the same quarter last year. GE Vernova has set its FY 2025 guidance at EPS. On average, analysts expect that GE Vernova Inc. will post 6.59 EPS for the current fiscal year.

GE Vernova Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, November 17th. Stockholders of record on Monday, October 20th will be given a $0.25 dividend. The ex-dividend date of this dividend is Monday, October 20th. This represents a $1.00 annualized dividend and a dividend yield of 0.2%. GE Vernova’s dividend payout ratio is currently 16.29%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on GEV shares. Mizuho decreased their target price on shares of GE Vernova from $677.00 to $660.00 and set a “neutral” rating on the stock in a research report on Friday, October 24th. Rothschild Redb lowered GE Vernova from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 15th. Morgan Stanley increased their target price on GE Vernova from $690.00 to $710.00 and gave the company an “overweight” rating in a report on Thursday, October 30th. Wells Fargo & Company raised their price target on GE Vernova from $697.00 to $717.00 and gave the stock an “overweight” rating in a research report on Friday, October 24th. Finally, Guggenheim downgraded GE Vernova from a “buy” rating to a “neutral” rating in a research report on Monday, July 28th. Four analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $607.81.

Insider Activity at GE Vernova

In related news, CFO Kenneth Scott Parks sold 3,300 shares of GE Vernova 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 sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 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.