Cambridge Financial Group Inc. Has $1.77 Million Stock Position in GE Vernova Inc. $GEV

Cambridge Financial Group Inc. lowered its position in shares of GE Vernova Inc. (NYSE:GEV) by 35.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,346 shares of the company’s stock after selling 1,859 shares during the quarter. Cambridge Financial Group Inc.’s holdings in GE Vernova were worth $1,771,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in GEV. WFA Asset Management Corp acquired a new stake in shares of GE Vernova in the second quarter worth $29,000. Highline Wealth Partners LLC boosted its position in GE Vernova by 34.6% during the 2nd quarter. Highline Wealth Partners LLC now owns 70 shares of the company’s stock worth $37,000 after acquiring an additional 18 shares during the period. Raleigh Capital Management Inc. purchased a new position in GE Vernova during the 2nd quarter valued at about $37,000. Advantage Trust Co acquired a new position in shares of GE Vernova in the 2nd quarter valued at about $40,000. Finally, Solstein Capital LLC purchased a new stake in shares of GE Vernova in the second quarter worth approximately $44,000.

GE Vernova Price Performance

Shares of NYSE:GEV opened at $575.61 on Monday. The stock has a market capitalization of $156.18 billion, a P/E ratio of 93.75, a P/E/G ratio of 4.28 and a beta of 1.69. The business has a 50-day moving average of $602.58 and a two-hundred day moving average of $551.35. GE Vernova Inc. has a fifty-two week low of $252.25 and a fifty-two week high of $677.29.

GE Vernova (NYSE:GEV) last issued its quarterly earnings data on Wednesday, October 22nd. The company reported $1.64 earnings per share 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 during the quarter, compared to the consensus estimate of $9.15 billion. During the same period in the previous year, the business posted ($0.35) earnings per share. The firm’s revenue was up 11.8% on a year-over-year basis. GE Vernova has set its FY 2025 guidance at EPS. As a group, research analysts expect that GE Vernova Inc. will post 6.59 EPS for the current fiscal year.

GE Vernova Announces Dividend

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 is Monday, October 20th. GE Vernova’s payout ratio is presently 16.29%.

Insider Activity

In related news, CFO Kenneth Scott Parks sold 3,300 shares of the firm’s stock in a transaction 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 trade represents a 30.30% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.15% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Morgan Stanley boosted their price objective on shares of GE Vernova from $690.00 to $710.00 and gave the company an “overweight” rating in a research report on Thursday, October 30th. Rothschild Redb downgraded shares of GE Vernova from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 15th. Barclays increased their price objective on GE Vernova from $706.00 to $710.00 and gave the stock an “overweight” rating in a report on Thursday, October 23rd. Wells Fargo & Company boosted their target price on GE Vernova from $697.00 to $717.00 and gave the company an “overweight” rating in a research note on Friday, October 24th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and issued a $654.00 target price on shares of GE Vernova in a research report on Monday, October 27th. Four research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $607.81.

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.