Savant Capital LLC Has $9.91 Million Holdings in GE Vernova Inc. $GEV

Savant Capital LLC decreased its position in shares of GE Vernova Inc. (NYSE:GEV) by 34.0% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 18,733 shares of the company’s stock after selling 9,646 shares during the period. Savant Capital LLC’s holdings in GE Vernova were worth $9,913,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. IMA Advisory Services Inc. acquired a new stake in GE Vernova during the 1st quarter valued at $27,000. WFA Asset Management Corp bought a new position in shares of GE Vernova in the second quarter valued at about $29,000. Mowery & Schoenfeld Wealth Management LLC lifted its position in GE Vernova by 115.2% during the 1st 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 acquired a new position in GE Vernova during the 1st quarter worth about $31,000. Finally, Saudi Central Bank bought a new stake in GE Vernova during the 1st quarter worth about $33,000.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on GEV. Rothschild Redb lowered shares of GE Vernova from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 15th. BMO Capital Markets boosted their price objective on shares of GE Vernova from $690.00 to $710.00 and gave the stock an “outperform” rating in a research report on Thursday, October 23rd. Wall Street Zen downgraded GE Vernova from a “buy” rating to a “hold” rating in a report on Saturday, July 26th. Redburn Partners set a $475.00 target price on GE Vernova in a research note on Wednesday, October 15th. Finally, Susquehanna boosted their target price on GE Vernova from $740.00 to $750.00 and gave the stock a “positive” rating in a research report on Thursday, October 23rd. Four investment analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $607.81.

GE Vernova Stock Performance

GEV opened at $575.61 on Friday. The company has a fifty day moving average price of $602.58 and a two-hundred day moving average price of $548.30. The firm has a market capitalization of $156.18 billion, a PE ratio of 93.75, a P/E/G ratio of 4.09 and a beta of 1.68. GE Vernova Inc. has a 52 week low of $252.25 and a 52 week high of $677.29.

GE Vernova (NYSE:GEV) last posted 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 return on equity of 17.07% and a net margin of 4.52%.The company had revenue of $9.97 billion during the quarter, compared to the consensus estimate of $9.15 billion. During the same quarter in the prior year, the business earned ($0.35) earnings per share. The firm’s revenue for the quarter was up 11.8% on a year-over-year basis. GE Vernova has set its FY 2025 guidance at EPS. Equities analysts forecast that GE Vernova Inc. will post 6.59 EPS for the current year.

GE Vernova Announces Dividend

The business 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 dividend of $0.25 per share. 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 payout ratio is presently 16.29%.

Insider Activity

In other news, CFO Kenneth Scott Parks sold 3,300 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at $4,705,800. This represents a 30.30% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.15% of the company’s stock.

GE Vernova Company 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.