Boyd Watterson Asset Management LLC OH Has $757,000 Position in GE Vernova Inc. $GEV

Boyd Watterson Asset Management LLC OH raised its stake in GE Vernova Inc. (NYSE:GEV) by 5.8% during the 2nd quarter, Holdings Channel.com reports. The firm owned 1,431 shares of the company’s stock after buying an additional 79 shares during the period. Boyd Watterson Asset Management LLC OH’s holdings in GE Vernova were worth $757,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Howard Capital Management Inc. increased its holdings in shares of GE Vernova by 33.8% in the second quarter. Howard Capital Management Inc. now owns 1,952 shares of the company’s stock valued at $1,033,000 after purchasing an additional 493 shares during the last quarter. Reliant Investment Partners LLC acquired a new position in shares of GE Vernova in the second quarter valued at $270,000. First National Trust Co increased its holdings in shares of GE Vernova by 2.5% in the second quarter. First National Trust Co now owns 870 shares of the company’s stock valued at $460,000 after purchasing an additional 21 shares during the last quarter. Signet Investment Advisory Group Inc. acquired a new position in shares of GE Vernova in the second quarter valued at $221,000. Finally, Tevis Investment Management acquired a new position in shares of GE Vernova in the second quarter valued at about $275,000.

Analyst Ratings Changes

Several equities analysts recently commented on GEV shares. Rothschild & Co Redburn restated a “sell” rating and issued a $475.00 price target on shares of GE Vernova in a research note on Wednesday, October 15th. Glj Research upped their price target on shares of GE Vernova from $702.00 to $758.00 and gave the company a “buy” rating in a research note on Wednesday, October 15th. BMO Capital Markets upped their price target on shares of GE Vernova from $690.00 to $710.00 and gave the company an “outperform” rating in a research note on Thursday, October 23rd. Wall Street Zen downgraded shares of GE Vernova from a “buy” rating to a “hold” rating in a research note on Saturday, July 26th. Finally, Guggenheim downgraded shares of GE Vernova from a “buy” rating to a “neutral” rating in a research note on Monday, July 28th. 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 stock. According to MarketBeat, GE Vernova currently has an average rating of “Moderate Buy” and an average target price of $607.07.

GE Vernova Stock Up 0.0%

GEV opened at $584.50 on Tuesday. GE Vernova Inc. has a twelve month low of $252.25 and a twelve month high of $677.29. The company has a 50-day simple moving average of $610.51 and a 200 day simple moving average of $534.28. The stock has a market capitalization of $158.59 billion, a price-to-earnings ratio of 95.20, a P/E/G ratio of 4.22 and a beta of 1.72.

GE Vernova (NYSE:GEV) last posted its quarterly earnings data on Wednesday, October 22nd. The company reported $1.64 earnings per share for the quarter, missing the consensus estimate of $1.72 by ($0.08). GE Vernova had a return on equity of 17.07% and a net margin of 4.52%.The firm had revenue of $9.97 billion for the quarter, compared to the consensus estimate of $9.15 billion. During the same period in the prior year, the company earned ($0.35) EPS. The company’s revenue for the quarter was up 11.8% compared to the same quarter last year. GE Vernova has set its FY 2025 guidance at EPS. Sell-side analysts anticipate 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. Investors of record on Monday, October 20th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, October 20th. This represents a $1.00 annualized dividend and a yield of 0.2%. GE Vernova’s dividend payout ratio is currently 16.29%.

Insiders Place Their Bets

In other news, CFO Kenneth Scott Parks sold 3,300 shares of the stock in a transaction dated 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 completion of the transaction, the chief financial officer 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.15% of the stock is owned by corporate insiders.

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.