Grandview Asset Management LLC Boosts Stock Holdings in GE Vernova Inc. $GEV

Grandview Asset Management LLC boosted its stake in shares of GE Vernova Inc. (NYSE:GEV) by 12.0% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 2,407 shares of the company’s stock after buying an additional 258 shares during the period. Grandview Asset Management LLC’s holdings in GE Vernova were worth $1,274,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in GEV. Highline Wealth Partners LLC boosted its position in shares of GE Vernova by 34.6% during the 2nd quarter. Highline Wealth Partners LLC now owns 70 shares of the company’s stock valued at $37,000 after acquiring an additional 18 shares during the last quarter. IMA Advisory Services Inc. bought a new position in GE Vernova during the first quarter valued at $27,000. EQ Wealth Advisors LLC bought a new position in GE Vernova during the first quarter valued at $27,000. West Branch Capital LLC lifted its holdings in shares of GE Vernova by 25.6% in the 2nd quarter. West Branch Capital LLC now owns 98 shares of the company’s stock valued at $52,000 after acquiring an additional 20 shares during the last quarter. Finally, Mowery & Schoenfeld Wealth Management LLC lifted its holdings in shares of GE Vernova by 115.2% in 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 last quarter.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. UBS Group began coverage on GE Vernova in a research note on Monday, July 7th. They issued a “buy” rating and a $614.00 price objective for the company. Susquehanna raised their price target on GE Vernova from $662.00 to $736.00 and gave the stock a “positive” rating in a research report on Thursday, July 24th. HSBC raised their price target on GE Vernova from $570.00 to $580.00 and gave the stock a “hold” rating in a research report on Friday, September 5th. Jefferies Financial Group raised their target price on shares of GE Vernova from $658.00 to $668.00 and gave the stock a “hold” rating in a report on Friday, September 12th. Finally, Bank of America raised their price objective on shares of GE Vernova from $550.00 to $620.00 and gave the stock a “buy” rating in a research note on Thursday, July 17th. Four research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $592.35.

Insider Activity at GE Vernova

In other GE Vernova news, CFO Kenneth Scott Parks sold 3,300 shares of the firm’s stock in a transaction 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 owned 7,590 shares of the company’s stock, valued at approximately $4,705,800. This trade represents a 30.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.15% of the stock is owned by insiders.

GE Vernova Trading Down 0.4%

GEV opened at $605.21 on Friday. The firm has a market cap of $164.75 billion, a price-to-earnings ratio of 145.83, a PEG ratio of 4.41 and a beta of 1.87. GE Vernova Inc. has a 12 month low of $248.50 and a 12 month high of $677.29. The stock has a fifty day moving average price of $622.99 and a 200-day moving average price of $490.14.

GE Vernova (NYSE:GEV) last announced its earnings results on Wednesday, July 23rd. The company reported $1.86 EPS for the quarter, topping analysts’ consensus estimates 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 firm’s revenue was up 11.1% on a year-over-year basis. During the same period in the previous year, the company posted $4.65 earnings per share. GE Vernova has set its FY 2025 guidance at EPS. On average, equities research analysts forecast that GE Vernova Inc. will post 6.59 EPS for the current year.

GE Vernova Announces Dividend

The business 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 $0.25 dividend. 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 (DPR) is presently 24.10%.

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.