Schulhoff & Co. Inc. Sells 62 Shares of GE Vernova Inc. $GEV

Schulhoff & Co. Inc. cut its position in GE Vernova Inc. (NYSE:GEV) by 3.5% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,693 shares of the company’s stock after selling 62 shares during the quarter. Schulhoff & Co. Inc.’s holdings in GE Vernova were worth $896,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. IMA Advisory Services Inc. bought a new position in GE Vernova in the first quarter worth about $27,000. Mowery & Schoenfeld Wealth Management LLC raised its holdings in GE Vernova by 115.2% in the first quarter. Mowery & Schoenfeld Wealth Management LLC now owns 99 shares of the company’s stock worth $30,000 after purchasing an additional 53 shares in the last quarter. 1248 Management LLC bought a new position in GE Vernova in the first quarter worth about $31,000. Saudi Central Bank bought a new position in GE Vernova in the first quarter worth about $33,000. Finally, Ransom Advisory Ltd bought a new position in GE Vernova in the first quarter worth about $33,000.

Insider Activity

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 stock was sold at an average price of $620.00, for a total value of $2,046,000.00. Following the completion of the sale, the chief financial officer directly owned 7,590 shares of the company’s stock, valued at $4,705,800. This trade represents a 30.30% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.15% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on GEV shares. Jefferies Financial Group upped their price objective on shares of GE Vernova from $658.00 to $668.00 and gave the company a “hold” rating in a report on Friday, September 12th. UBS Group started coverage on shares of GE Vernova in a report on Monday, July 7th. They set a “buy” rating and a $614.00 price objective on the stock. Morgan Stanley upped their price objective on shares of GE Vernova from $675.00 to $690.00 and gave the company an “overweight” rating in a report on Thursday, October 16th. Robert W. Baird upped their price objective on shares of GE Vernova from $568.00 to $706.00 and gave the company an “outperform” rating in a report on Thursday, July 24th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of GE Vernova in a report on Wednesday, October 8th. Four analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, GE Vernova currently has an average rating of “Moderate Buy” and a consensus price target of $601.44.

GE Vernova Trading Down 1.5%

GE Vernova stock opened at $585.12 on Wednesday. GE Vernova Inc. has a 12 month low of $252.25 and a 12 month high of $677.29. The stock’s 50 day simple moving average is $613.83 and its two-hundred day simple moving average is $524.82. The firm has a market cap of $159.28 billion, a PE ratio of 140.99, a P/E/G ratio of 4.30 and a beta of 1.72.

GE Vernova (NYSE:GEV) last released its quarterly earnings data 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 return on equity of 13.23% and a net margin of 3.16%.The business had revenue of $9.11 billion for the quarter, compared to analyst estimates of $8.78 billion. During the same quarter in the prior year, the firm posted $4.65 EPS. The business’s quarterly revenue was up 11.1% compared to the same quarter last year. On average, equities research analysts forecast that GE Vernova Inc. will post 6.59 EPS for the current 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 paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Monday, October 20th. GE Vernova’s dividend payout ratio is currently 24.10%.

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.