2,333 Shares in GE Vernova Inc. $GEV Purchased by Stevens Capital Management LP

Stevens Capital Management LP bought a new stake in GE Vernova Inc. (NYSE:GEV) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 2,333 shares of the company’s stock, valued at approximately $1,235,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of GEV. Brighton Jones LLC lifted its stake in GE Vernova by 29.4% in the fourth quarter. Brighton Jones LLC now owns 3,315 shares of the company’s stock valued at $1,091,000 after purchasing an additional 753 shares during the last quarter. Venturi Wealth Management LLC raised its stake in shares of GE Vernova by 12.6% in the first quarter. Venturi Wealth Management LLC now owns 1,305 shares of the company’s stock valued at $398,000 after buying an additional 146 shares during the period. IMA Advisory Services Inc. purchased a new position in shares of GE Vernova during the 1st quarter valued at $27,000. Wedbush Securities Inc. grew its stake in shares of GE Vernova by 22.0% during the 1st quarter. Wedbush Securities Inc. now owns 4,841 shares of the company’s stock worth $1,478,000 after acquiring an additional 873 shares during the period. Finally, AE Wealth Management LLC increased its holdings in GE Vernova by 30.4% in the 1st quarter. AE Wealth Management LLC now owns 16,684 shares of the company’s stock worth $5,093,000 after acquiring an additional 3,892 shares during the last quarter.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Cowen reaffirmed a “buy” rating on shares of GE Vernova in a report on Thursday, October 23rd. Melius raised shares of GE Vernova from a “hold” rating to a “buy” rating and set a $740.00 price target on the stock in a research report on Monday, September 15th. TD Cowen dropped their price target on shares of GE Vernova from $685.00 to $680.00 and set a “buy” rating on the stock in a research note on Thursday, October 23rd. Guggenheim downgraded shares of GE Vernova from a “buy” rating to a “neutral” rating in a report on Monday, July 28th. Finally, Rothschild & Co Redburn reissued a “sell” rating and set a $475.00 target price on shares of GE Vernova in a report on Wednesday, October 15th. Four investment 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 assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $607.81.

Insiders Place Their Bets

In other GE Vernova news, CFO Kenneth Scott Parks sold 3,300 shares of GE Vernova stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $620.00, for a total transaction of $2,046,000.00. Following the completion of the sale, the chief financial officer directly owned 7,590 shares in the company, valued at $4,705,800. The trade was a 30.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.15% of the stock is owned by corporate insiders.

GE Vernova Stock Performance

GE Vernova stock opened at $555.98 on Friday. GE Vernova Inc. has a fifty-two week low of $252.25 and a fifty-two week high of $677.29. The stock has a market cap of $150.85 billion, a P/E ratio of 90.55, a PEG ratio of 4.15 and a beta of 1.68. The firm’s fifty day moving average price is $595.52 and its 200-day moving average price is $562.34.

GE Vernova (NYSE:GEV) last posted its quarterly earnings data 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). The business had revenue of $9.97 billion for the quarter, compared to the consensus estimate of $9.15 billion. GE Vernova had a net margin of 4.52% and a return on equity of 17.07%. GE Vernova’s quarterly revenue was up 11.8% on a year-over-year basis. During the same period in the prior year, the business posted ($0.35) EPS. GE Vernova has set its FY 2025 guidance at EPS. Sell-side analysts predict that GE Vernova Inc. will post 6.59 earnings per share for the current year.

GE Vernova Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 17th. Investors of record on Monday, October 20th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.2%. The ex-dividend date was Monday, October 20th. GE Vernova’s dividend payout ratio is 16.29%.

GE Vernova Company 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.