GE Vernova Inc. $GEV Shares Acquired by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC boosted its stake in shares of GE Vernova Inc. (NYSE:GEV) by 15.3% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 130,121 shares of the company’s stock after acquiring an additional 17,300 shares during the period. Commonwealth Equity Services LLC’s holdings in GE Vernova were worth $68,854,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. AQR Capital Management LLC lifted its stake in GE Vernova by 252.9% in the 1st quarter. AQR Capital Management LLC now owns 1,245,420 shares of the company’s stock valued at $366,016,000 after buying an additional 892,549 shares in the last quarter. Amundi boosted its stake in shares of GE Vernova by 109.0% in the first quarter. Amundi now owns 1,665,980 shares of the company’s stock worth $496,013,000 after acquiring an additional 868,927 shares during the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of GE Vernova by 10,044.9% in the second quarter. Assenagon Asset Management S.A. now owns 842,433 shares of the company’s stock worth $445,773,000 after acquiring an additional 834,129 shares during the last quarter. TD Asset Management Inc increased its position in shares of GE Vernova by 627.2% during the first quarter. TD Asset Management Inc now owns 926,842 shares of the company’s stock worth $282,946,000 after purchasing an additional 799,388 shares in the last quarter. Finally, Nuveen LLC purchased a new position in GE Vernova in the 1st quarter valued at $223,556,000.

GE Vernova Trading Down 1.8%

Shares of GEV opened at $549.81 on Friday. The company’s 50-day moving average price is $603.35 and its 200 day moving average price is $546.47. GE Vernova Inc. has a 12-month low of $252.25 and a 12-month high of $677.29. The firm has a market cap of $149.17 billion, a P/E ratio of 89.55, a price-to-earnings-growth ratio of 4.16 and a beta of 1.68.

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

GE Vernova Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 17th. Investors of record on Monday, October 20th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, October 20th. This represents a $1.00 annualized dividend and a yield of 0.2%. GE Vernova’s dividend payout ratio is presently 16.29%.

Insider Buying and Selling

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on GEV shares. Rothschild Redb lowered shares of GE Vernova from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 15th. Redburn Partners set a $475.00 price objective on shares of GE Vernova in a research note on Wednesday, October 15th. Bank of America raised their target price 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. Glj Research upped their price target on GE Vernova from $702.00 to $758.00 and gave the company a “buy” rating in a research report on Wednesday, October 15th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and issued a $654.00 price target on shares of GE Vernova in a report on Monday, October 27th. Four research analysts have rated the stock with a Strong Buy rating, nineteen have given 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.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $607.81.

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.