Vinva Investment Management Ltd Increases Position in GE Vernova Inc. $GEV

Vinva Investment Management Ltd grew its position in shares of GE Vernova Inc. (NYSE:GEV) by 85.5% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,557 shares of the company’s stock after purchasing an additional 9,475 shares during the period. Vinva Investment Management Ltd’s holdings in GE Vernova were worth $10,683,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. Employees Retirement System of Texas purchased a new position in GE Vernova during the 2nd quarter valued at about $1,179,000. Russell Investments Group Ltd. lifted its holdings in GE Vernova by 54.4% during the 2nd quarter. Russell Investments Group Ltd. now owns 214,064 shares of the company’s stock worth $113,266,000 after buying an additional 75,386 shares in the last quarter. Country Trust Bank boosted its position in GE Vernova by 2,746.2% in the 2nd quarter. Country Trust Bank now owns 370 shares of the company’s stock valued at $196,000 after buying an additional 357 shares during the period. J.W. Cole Advisors Inc. boosted its position in GE Vernova by 3.9% in the 2nd quarter. J.W. Cole Advisors Inc. now owns 12,969 shares of the company’s stock valued at $6,863,000 after buying an additional 486 shares during the period. Finally, North Star Asset Management Inc. grew its stake in shares of GE Vernova by 3.9% in the second quarter. North Star Asset Management Inc. now owns 2,161 shares of the company’s stock worth $1,143,000 after acquiring an additional 81 shares in the last quarter.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on GEV. Susquehanna increased their price objective on GE Vernova from $740.00 to $750.00 and gave the company a “positive” rating in a research note on Thursday, October 23rd. Barclays lifted their price objective on GE Vernova from $706.00 to $710.00 and gave the company an “overweight” rating in a research note on Thursday, October 23rd. Morgan Stanley boosted their price objective on GE Vernova from $690.00 to $710.00 and gave the stock an “overweight” rating in a research report on Thursday, October 30th. Wells Fargo & Company raised their target price on shares of GE Vernova from $697.00 to $717.00 and gave the company an “overweight” rating in a report on Friday, October 24th. Finally, Rothschild Redb cut shares of GE Vernova from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 15th. Four equities research 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 assigned a Sell rating to the company. According to data from MarketBeat.com, GE Vernova has an average rating of “Moderate Buy” and an average target price of $607.81.

GE Vernova Trading Up 3.1%

GEV stock opened at $590.38 on Thursday. The company’s 50 day moving average is $593.13 and its two-hundred day moving average is $567.26. GE Vernova Inc. has a twelve month low of $252.25 and a twelve month high of $677.29. The stock has a market cap of $160.18 billion, a P/E ratio of 96.15, a PEG ratio of 4.26 and a beta of 1.68.

GE Vernova (NYSE:GEV) last posted its earnings results 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 during the quarter, compared to analysts’ expectations of $9.15 billion. During the same period last year, the business earned ($0.35) earnings per share. The company’s quarterly revenue was up 11.8% on a year-over-year basis. GE Vernova has set its FY 2025 guidance at EPS. On average, equities research analysts predict that GE Vernova Inc. will post 6.59 earnings per share for the current year.

GE Vernova Announces Dividend

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

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.