GE Vernova Inc. $GEV Shares Purchased by Bessemer Group Inc.

Bessemer Group Inc. increased its position in shares of GE Vernova Inc. (NYSE:GEV) by 0.0% in the second quarter, HoldingsChannel reports. The firm owned 184,622 shares of the company’s stock after acquiring an additional 37 shares during the quarter. Bessemer Group Inc.’s holdings in GE Vernova were worth $97,693,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Sachetta LLC lifted its holdings in shares of GE Vernova by 10.7% during the second quarter. Sachetta LLC now owns 165 shares of the company’s stock worth $87,000 after purchasing an additional 16 shares during the period. Highline Wealth Partners LLC lifted its holdings in shares of GE Vernova by 34.6% during the second quarter. Highline Wealth Partners LLC now owns 70 shares of the company’s stock worth $37,000 after purchasing an additional 18 shares during the period. Atlas Brown Inc. lifted its holdings in shares of GE Vernova by 0.8% during the second quarter. Atlas Brown Inc. now owns 2,496 shares of the company’s stock worth $1,321,000 after purchasing an additional 19 shares during the period. Princeton Global Asset Management LLC lifted its holdings in shares of GE Vernova by 14.4% during the second quarter. Princeton Global Asset Management LLC now owns 151 shares of the company’s stock worth $80,000 after purchasing an additional 19 shares during the period. Finally, Physician Wealth Advisors Inc. lifted its holdings in shares of GE Vernova by 9.0% during the second quarter. Physician Wealth Advisors Inc. now owns 241 shares of the company’s stock worth $128,000 after purchasing an additional 20 shares during the period.

GE Vernova Price Performance

Shares of GEV stock opened at $584.50 on Tuesday. The company has a market cap of $158.59 billion, a price-to-earnings ratio of 95.20, a PEG ratio of 4.22 and a beta of 1.72. The stock has a 50 day simple moving average of $610.51 and a 200-day simple moving average of $534.28. GE Vernova Inc. has a 1-year low of $252.25 and a 1-year high of $677.29.

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

GE Vernova Dividend Announcement

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

Insider Buying and Selling at GE Vernova

In other news, CFO Kenneth Scott Parks sold 3,300 shares of the company’s stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $620.00, for a total transaction of $2,046,000.00. Following the completion of the transaction, the chief financial officer directly owned 7,590 shares of the company’s stock, valued at $4,705,800. This represents a 30.30% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 0.15% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

GEV has been the subject of a number of analyst reports. Jefferies Financial Group reissued a “hold” rating and issued a $654.00 price target on shares of GE Vernova in a report on Monday. Royal Bank Of Canada boosted their price target on GE Vernova from $605.00 to $630.00 and gave the company a “sector perform” rating in a report on Thursday, October 23rd. Weiss Ratings reissued a “hold (c)” rating on shares of GE Vernova in a report on Wednesday, October 8th. Guggenheim downgraded GE Vernova from a “buy” rating to a “neutral” rating in a report on Monday, July 28th. Finally, Barclays boosted their price target on GE Vernova from $706.00 to $710.00 and gave the company an “overweight” 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 assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $607.07.

GE Vernova 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.