GE Vernova Inc. $GEV Holdings Trimmed by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. lowered its holdings in GE Vernova Inc. (NYSE:GEV) by 5.1% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 241,143 shares of the company’s stock after selling 12,947 shares during the period. Rockefeller Capital Management L.P.’s holdings in GE Vernova were worth $127,602,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of GEV. IMA Advisory Services Inc. acquired a new stake in GE Vernova during the 1st quarter worth about $27,000. WFA Asset Management Corp acquired a new stake in shares of GE Vernova during the second quarter worth approximately $29,000. Mowery & Schoenfeld Wealth Management LLC grew its position in GE Vernova by 115.2% during the first quarter. Mowery & Schoenfeld Wealth Management LLC now owns 99 shares of the company’s stock valued at $30,000 after purchasing an additional 53 shares in the last quarter. 1248 Management LLC acquired a new position in GE Vernova in the 1st quarter valued at approximately $31,000. Finally, Saudi Central Bank purchased a new stake in GE Vernova in the 1st quarter worth approximately $33,000.

Insider Activity at GE Vernova

In related news, CFO Kenneth Scott Parks sold 3,300 shares of the stock in a transaction dated 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 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 Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.15% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. HSBC upped their price target on shares of GE Vernova from $570.00 to $580.00 and gave the stock a “hold” rating in a research note on Friday, September 5th. Cowen reaffirmed a “buy” rating on shares of GE Vernova in a research note on Thursday, October 23rd. UBS Group set a $710.00 price target on GE Vernova in a research note on Thursday, October 23rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of GE Vernova in a research report on Wednesday, October 8th. Finally, Wells Fargo & Company boosted their target price on shares of GE Vernova from $697.00 to $717.00 and gave the stock an “overweight” rating in a research report on Friday, October 24th. Four analysts have rated the stock with a Strong Buy rating, nineteen have assigned 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, the company presently has a consensus rating of “Moderate Buy” and an average price target of $607.81.

GE Vernova Price Performance

GEV stock opened at $577.64 on Friday. The stock has a market capitalization of $156.72 billion, a price-to-earnings ratio of 94.08, a price-to-earnings-growth ratio of 4.30 and a beta of 1.68. The company has a 50-day moving average of $600.86 and a two-hundred day moving average of $557.24. GE Vernova Inc. has a 52-week low of $252.25 and a 52-week high of $677.29.

GE Vernova (NYSE:GEV) last posted its quarterly earnings data 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 business had revenue of $9.97 billion during the quarter, compared to the consensus estimate of $9.15 billion. During the same period in the prior year, the company posted ($0.35) earnings per share. The firm’s revenue was up 11.8% compared to the same quarter last year. GE Vernova has set its FY 2025 guidance at EPS. Equities analysts expect that GE Vernova Inc. will post 6.59 EPS for the current fiscal year.

GE Vernova Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 17th. Stockholders of record on Monday, October 20th will be issued a dividend of $0.25 per share. 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 payout ratio is presently 16.29%.

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.