GE Vernova Inc. $GEV Shares Bought by Duff & Phelps Investment Management Co.

Duff & Phelps Investment Management Co. grew its holdings in shares of GE Vernova Inc. (NYSE:GEV) by 13.2% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,381 shares of the company’s stock after purchasing an additional 161 shares during the quarter. Duff & Phelps Investment Management Co.’s holdings in GE Vernova were worth $731,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Symphony Financial Ltd. Co. acquired a new stake in GE Vernova in the 2nd quarter worth about $67,666,000. Universal Beteiligungs und Servicegesellschaft mbH boosted its position in shares of GE Vernova by 3.5% in the second quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 171,060 shares of the company’s stock worth $90,516,000 after acquiring an additional 5,735 shares during the last quarter. Western Wealth Management LLC grew its holdings in GE Vernova by 8.9% in the second quarter. Western Wealth Management LLC now owns 3,922 shares of the company’s stock valued at $2,075,000 after purchasing an additional 319 shares during the period. Waratah Capital Advisors Ltd. acquired a new position in GE Vernova during the second quarter worth approximately $2,089,000. Finally, Bell Investment Advisors Inc raised its stake in GE Vernova by 6.7% during the second quarter. Bell Investment Advisors Inc now owns 256 shares of the company’s stock worth $135,000 after purchasing an additional 16 shares during the period.

Insider Transactions at GE Vernova

In other GE Vernova news, CFO Kenneth Scott Parks sold 3,300 shares of the business’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 owned 7,590 shares in the company, valued at $4,705,800. The trade was a 30.30% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.15% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

GEV has been the subject of a number of research analyst reports. Citigroup dropped their price objective on GE Vernova from $670.00 to $658.00 and set a “neutral” rating for the company in a report on Thursday, October 23rd. Cowen restated a “buy” rating on shares of GE Vernova in a research note on Thursday, October 23rd. UBS Group set a $710.00 price objective on GE Vernova in a research note on Thursday, October 23rd. HSBC boosted their target price on GE Vernova from $570.00 to $580.00 and gave the stock a “hold” rating in a report on Friday, September 5th. Finally, Royal Bank Of Canada raised their price target on shares of GE Vernova from $605.00 to $630.00 and gave the company a “sector perform” rating in a report on Thursday, October 23rd. Four 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 given a Sell rating to the company. Based on data from MarketBeat, GE Vernova presently has an average rating of “Moderate Buy” and a consensus target price of $607.81.

GE Vernova Stock Performance

Shares of NYSE:GEV opened at $576.48 on Tuesday. The business’s 50-day simple moving average is $600.40 and its 200 day simple moving average is $559.92. The company has a market cap of $156.41 billion, a P/E ratio of 93.89, a PEG ratio of 4.30 and a beta of 1.69. GE Vernova Inc. has a one year low of $252.25 and a one year high of $677.29.

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

GE Vernova Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, November 17th. Investors of record on Monday, October 20th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend was Monday, October 20th. GE Vernova’s dividend payout ratio (DPR) is presently 16.29%.

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.