Olympiad Research LP Makes New $314,000 Investment in GE Vernova Inc. $GEV

Olympiad Research LP purchased a new stake in shares of GE Vernova Inc. (NYSE:GEV) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 594 shares of the company’s stock, valued at approximately $314,000.

Several other institutional investors have also recently made changes to their positions in the business. IMA Advisory Services Inc. bought a new stake in GE Vernova during the first quarter valued at approximately $27,000. WFA Asset Management Corp purchased a new position in shares of GE Vernova during the 2nd quarter worth $29,000. Mowery & Schoenfeld Wealth Management LLC grew its position in shares of GE Vernova by 115.2% during the 1st quarter. Mowery & Schoenfeld Wealth Management LLC now owns 99 shares of the company’s stock valued at $30,000 after acquiring an additional 53 shares during the period. 1248 Management LLC purchased a new stake in shares of GE Vernova in the 1st quarter worth $31,000. Finally, Saudi Central Bank bought a new position in GE Vernova in the 1st quarter worth $33,000.

Insider Activity

In other news, CFO Kenneth Scott Parks sold 3,300 shares of the 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 in the company, valued at approximately $4,705,800. This represents a 30.30% decrease in their position. 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 company insiders.

Analyst Ratings Changes

A number of analysts have commented on the company. Royal Bank Of Canada upped their price target on GE Vernova from $605.00 to $630.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 23rd. Glj Research upped their price target on shares of GE Vernova from $702.00 to $758.00 and gave the stock a “buy” rating in a research report on Wednesday, October 15th. BMO Capital Markets raised their price objective on shares of GE Vernova from $690.00 to $710.00 and gave the company an “outperform” rating in a research report on Thursday, October 23rd. Jefferies Financial Group reaffirmed a “hold” rating and issued a $654.00 target price on shares of GE Vernova in a report on Monday, October 27th. Finally, Guggenheim cut GE Vernova from a “buy” rating to a “neutral” rating in a report on Monday, July 28th. Four investment analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $607.81.

GE Vernova Stock Down 2.9%

Shares of GEV stock opened at $558.62 on Friday. The company’s fifty day simple moving average is $600.95 and its two-hundred day simple moving average is $554.50. GE Vernova Inc. has a 52 week low of $252.25 and a 52 week high of $677.29. The stock has a market cap of $151.56 billion, a P/E ratio of 90.98, a PEG ratio of 4.28 and a beta of 1.68.

GE Vernova (NYSE:GEV) last issued its earnings results on Wednesday, October 22nd. The company reported $1.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.72 by ($0.08). The firm had revenue of $9.97 billion during the quarter, compared to the consensus estimate of $9.15 billion. GE Vernova had a return on equity of 17.07% and a net margin of 4.52%.The company’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same period last year, the firm posted ($0.35) earnings per share. GE Vernova has set its FY 2025 guidance at EPS. On average, analysts anticipate that GE Vernova Inc. will post 6.59 EPS for the current fiscal year.

GE Vernova Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 17th. Shareholders of record on Monday, October 20th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Monday, October 20th. This represents a $1.00 dividend on an annualized basis and a yield of 0.2%. GE Vernova’s payout ratio 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.