Waverton Investment Management Ltd Has $253.09 Million Stake in GE Vernova Inc. $GEV

Waverton Investment Management Ltd lowered its position in GE Vernova Inc. (NYSE:GEV) by 4.1% during the second quarter, according to its most recent filing with the SEC. The firm owned 478,452 shares of the company’s stock after selling 20,500 shares during the period. GE Vernova accounts for approximately 3.5% of Waverton Investment Management Ltd’s portfolio, making the stock its 13th largest position. Waverton Investment Management Ltd owned 0.18% of GE Vernova worth $253,094,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. IMA Advisory Services Inc. acquired a new position in shares of GE Vernova during the 1st quarter valued at $27,000. WFA Asset Management Corp acquired a new position in shares of GE Vernova during the 2nd quarter valued at $29,000. Mowery & Schoenfeld Wealth Management LLC lifted 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 acquired a new position in shares of GE Vernova during the 1st quarter valued at $31,000. Finally, Saudi Central Bank acquired a new position in shares of GE Vernova during the 1st quarter valued at $33,000.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on GEV shares. Weiss Ratings restated a “hold (c)” rating on shares of GE Vernova in a report on Wednesday, October 8th. Melius Research set a $740.00 price objective on shares of GE Vernova and gave the stock a “buy” rating in a report on Monday, September 15th. Robert W. Baird upped their price objective on shares of GE Vernova from $568.00 to $706.00 and gave the stock an “outperform” rating in a report on Thursday, July 24th. BMO Capital Markets upped their price objective on shares of GE Vernova from $690.00 to $710.00 and gave the stock an “outperform” rating in a report on Thursday, October 23rd. Finally, UBS Group set a $710.00 price objective on shares of GE Vernova in a report on Thursday, October 23rd. 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 assigned a Sell rating to the stock. According to data from MarketBeat.com, GE Vernova currently has a consensus rating of “Moderate Buy” and a consensus target price of $607.81.

GE Vernova Price Performance

NYSE GEV opened at $559.87 on Thursday. GE Vernova Inc. has a 1 year low of $252.25 and a 1 year high of $677.29. The firm has a market cap of $151.90 billion, a price-to-earnings ratio of 91.18, a PEG ratio of 4.08 and a beta of 1.68. The company has a fifty day moving average price of $605.04 and a 200-day moving average price of $546.45.

GE Vernova (NYSE:GEV) last posted 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). GE Vernova had a return on equity of 17.07% and a net margin of 4.52%.The firm had revenue of $9.97 billion during the quarter, compared to the consensus estimate of $9.15 billion. During the same quarter in the previous year, the company earned ($0.35) EPS. The business’s revenue was up 11.8% compared to the same quarter last year. GE Vernova has set its FY 2025 guidance at EPS. On average, research analysts anticipate that GE Vernova Inc. will post 6.59 EPS for the current fiscal year.

GE Vernova Announces Dividend

The company 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 $0.25 dividend. The ex-dividend date is Monday, October 20th. This represents a $1.00 annualized dividend and a dividend yield of 0.2%. GE Vernova’s dividend payout ratio is presently 16.29%.

Insider Activity

In other news, CFO Kenneth Scott Parks sold 3,300 shares of the company’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 sale, the chief financial officer owned 7,590 shares in the company, valued at $4,705,800. This represents a 30.30% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.15% of the stock is currently owned by insiders.

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.