Generali Asset Management SPA SGR Acquires 3,201 Shares of GE Vernova Inc. $GEV

Generali Asset Management SPA SGR raised its stake in shares of GE Vernova Inc. (NYSE:GEV) by 44.0% in the second quarter, Holdings Channel.com reports. The institutional investor owned 10,481 shares of the company’s stock after buying an additional 3,201 shares during the quarter. Generali Asset Management SPA SGR’s holdings in GE Vernova were worth $5,546,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. AQR Capital Management LLC boosted its holdings in GE Vernova by 252.9% in the 1st quarter. AQR Capital Management LLC now owns 1,245,420 shares of the company’s stock worth $366,016,000 after buying an additional 892,549 shares during the period. Amundi boosted its position in shares of GE Vernova by 109.0% during the first quarter. Amundi now owns 1,665,980 shares of the company’s stock valued at $496,013,000 after buying an additional 868,927 shares during the period. Assenagon Asset Management S.A. increased its stake in GE Vernova by 10,044.9% in the 2nd quarter. Assenagon Asset Management S.A. now owns 842,433 shares of the company’s stock worth $445,773,000 after buying an additional 834,129 shares during the period. TD Asset Management Inc grew its stake in GE Vernova by 627.2% in the first quarter. TD Asset Management Inc now owns 926,842 shares of the company’s stock worth $282,946,000 after purchasing an additional 799,388 shares in the last quarter. Finally, Nuveen LLC purchased a new position in shares of GE Vernova during the first quarter valued at $223,556,000.

Analyst Ratings Changes

Several brokerages have issued reports on GEV. HSBC increased their target price on GE Vernova from $570.00 to $580.00 and gave the company a “hold” rating in a research report on Friday, September 5th. Susquehanna lifted their target price on GE Vernova from $736.00 to $740.00 and gave the company a “positive” rating in a research note on Monday. Mizuho increased their price target on shares of GE Vernova from $670.00 to $677.00 and gave the company a “neutral” rating in a research report on Wednesday. Royal Bank Of Canada set a $605.00 price target on shares of GE Vernova and gave the company a “sector perform” rating in a report on Wednesday, October 1st. Finally, Jefferies Financial Group boosted their price objective on shares of GE Vernova from $658.00 to $668.00 and gave the stock a “hold” rating in a research note on Friday, September 12th. Four research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $592.07.

Insider Buying and Selling at GE Vernova

In related news, CFO Kenneth Scott Parks sold 3,300 shares of the stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $620.00, for a total transaction of $2,046,000.00. Following the sale, the chief financial officer directly owned 7,590 shares of the company’s stock, valued at approximately $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 at this hyperlink. 0.15% of the stock is currently owned by company insiders.

GE Vernova Stock Down 4.1%

GEV stock opened at $617.78 on Thursday. The stock has a market capitalization of $168.17 billion, a PE ratio of 148.86, a price-to-earnings-growth ratio of 4.67 and a beta of 1.72. GE Vernova Inc. has a 52 week low of $252.25 and a 52 week high of $677.29. The firm has a 50 day moving average of $618.29 and a 200 day moving average of $515.27.

GE Vernova (NYSE:GEV) last posted its quarterly earnings data on Wednesday, July 23rd. The company reported $1.86 EPS for the quarter, topping the consensus estimate of $1.63 by $0.23. The business had revenue of $9.11 billion during the quarter, compared to the consensus estimate of $8.78 billion. GE Vernova had a net margin of 3.16% and a return on equity of 13.23%. The business’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.65 earnings per share. GE Vernova has set its FY 2025 guidance at EPS. On average, equities research analysts expect that GE Vernova Inc. will post 6.59 earnings per share for the current year.

GE Vernova Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, November 17th. Investors of record on Monday, October 20th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Monday, October 20th. GE Vernova’s dividend payout ratio (DPR) is 24.10%.

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.