GE Vernova Inc. $GEV Stock Holdings Raised by Evergreen Capital Management LLC

Evergreen Capital Management LLC lifted its holdings in shares of GE Vernova Inc. (NYSE:GEV) by 11.0% in the first quarter, Holdings Channel.com reports. The institutional investor owned 2,096 shares of the company’s stock after purchasing an additional 208 shares during the quarter. Evergreen Capital Management LLC’s holdings in GE Vernova were worth $640,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. EQ Wealth Advisors LLC bought a new stake in shares of GE Vernova during the 1st quarter valued at about $27,000. IMA Advisory Services Inc. bought a new stake in shares of GE Vernova during the 1st quarter valued at about $27,000. Clarity Asset Management Inc. bought a new stake in shares of GE Vernova during the 4th quarter valued at about $28,000. Orion Capital Management LLC bought a new stake in shares of GE Vernova during the 4th quarter valued at about $30,000. Finally, 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 buying an additional 53 shares during the last quarter.

GE Vernova Trading Down 3.0%

NYSE GEV opened at $614.60 on Monday. GE Vernova Inc. has a 52 week low of $185.35 and a 52 week high of $677.29. The stock has a market cap of $167.31 billion, a price-to-earnings ratio of 148.10, a price-to-earnings-growth ratio of 4.24 and a beta of 1.88. The company has a 50-day moving average price of $589.73 and a two-hundred day moving average price of $450.93.

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

GE Vernova Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 18th. Stockholders of record on Monday, July 21st were issued a $0.25 dividend. The ex-dividend date was Monday, July 21st. This represents a $1.00 annualized dividend and a dividend yield of 0.2%. GE Vernova’s dividend payout ratio (DPR) is 24.10%.

Wall Street Analyst Weigh In

GEV has been the subject of a number of recent research reports. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of GE Vernova in a research report on Thursday, July 24th. Jefferies Financial Group downgraded shares of GE Vernova from a “buy” rating to a “hold” rating and boosted their price objective for the company from $427.00 to $517.00 in a research report on Thursday, May 29th. Seaport Res Ptn raised shares of GE Vernova to a “strong-buy” rating in a research report on Thursday, July 10th. The Goldman Sachs Group boosted their price objective on shares of GE Vernova from $500.00 to $570.00 and gave the company a “buy” rating in a research report on Tuesday, June 10th. Finally, Robert W. Baird upped their target price on shares of GE Vernova from $568.00 to $706.00 and gave the stock an “outperform” rating in a research report on Thursday, July 24th. Four research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $560.21.

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 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 directly owned 7,590 shares in the company, valued at $4,705,800. This trade represents a 30.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.15% of the stock is owned by company insiders.

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.