GE Vernova Inc. $GEV Holdings Cut by Rathbones Group PLC

Rathbones Group PLC reduced its stake in GE Vernova Inc. (NYSE:GEV) by 0.7% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 58,778 shares of the company’s stock after selling 443 shares during the period. Rathbones Group PLC’s holdings in GE Vernova were worth $31,102,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in GEV. IMA Advisory Services Inc. acquired a new position in GE Vernova during the 1st quarter valued at approximately $27,000. WFA Asset Management Corp bought a new stake in GE Vernova in the second quarter valued at $29,000. Mowery & Schoenfeld Wealth Management LLC lifted 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 valued at $30,000 after buying an additional 53 shares during the last quarter. 1248 Management LLC acquired a new position in shares of GE Vernova during the first quarter valued at $31,000. Finally, Saudi Central Bank bought a new position in shares of GE Vernova during the first quarter worth about $33,000.

GE Vernova Trading Up 4.6%

Shares of NYSE:GEV opened at $575.61 on Friday. The company has a 50 day moving average of $602.58 and a 200-day moving average of $549.85. The firm has a market cap of $156.18 billion, a P/E ratio of 93.75, a P/E/G ratio of 4.28 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 posted its quarterly earnings data on Wednesday, October 22nd. The company reported $1.64 EPS for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $9.15 billion. During the same quarter in the prior year, the business earned ($0.35) EPS. GE Vernova’s revenue was up 11.8% compared to the same quarter last year. GE Vernova has set its FY 2025 guidance at EPS. Equities research analysts forecast that GE Vernova Inc. will post 6.59 EPS for the current year.

GE Vernova Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 17th. Stockholders of record on Monday, October 20th will be paid a $0.25 dividend. 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 payout ratio is currently 16.29%.

Insider Buying and Selling at GE Vernova

In other 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 owned 7,590 shares in the company, valued at $4,705,800. This represents a 30.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 0.15% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. HSBC lifted their price objective on shares of GE Vernova from $570.00 to $580.00 and gave the company a “hold” rating in a research report on Friday, September 5th. UBS Group set a $710.00 price target on shares of GE Vernova in a research note on Thursday, October 23rd. Bank of America lifted their price target on GE Vernova from $550.00 to $620.00 and gave the company a “buy” rating in a report on Thursday, July 17th. JPMorgan Chase & Co. boosted their price objective on GE Vernova from $715.00 to $740.00 and gave the stock an “overweight” rating in a research report on Thursday, October 23rd. Finally, Robert W. Baird raised their target price on GE Vernova from $568.00 to $706.00 and gave the company an “outperform” rating in a research 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 two have assigned a Sell rating to the company. According to MarketBeat.com, GE Vernova currently has an average rating of “Moderate Buy” and a consensus price target of $607.81.

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.