Vestor Capital LLC Has $3.08 Million Holdings in GE Vernova Inc. $GEV

Vestor Capital LLC decreased its holdings in shares of GE Vernova Inc. (NYSE:GEV) by 6.5% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 5,813 shares of the company’s stock after selling 406 shares during the period. Vestor Capital LLC’s holdings in GE Vernova were worth $3,076,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. Caitong International Asset Management Co. Ltd bought a new stake in GE Vernova in the first quarter valued at approximately $912,000. Pines Wealth Management LLC acquired a new position in shares of GE Vernova in the 2nd quarter valued at $408,000. Resona Asset Management Co. Ltd. grew its holdings in shares of GE Vernova by 8.2% in the 1st quarter. Resona Asset Management Co. Ltd. now owns 86,021 shares of the company’s stock valued at $26,229,000 after buying an additional 6,551 shares during the period. Dupree Financial Group LLC bought a new stake in shares of GE Vernova in the 2nd quarter valued at $253,000. Finally, Lockheed Martin Investment Management Co. acquired a new stake in GE Vernova during the 1st quarter worth $458,000.

Insider Activity at GE Vernova

In other news, CFO Kenneth Scott Parks sold 3,300 shares of the firm’s 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 owned 7,590 shares in the company, 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 at the SEC website. 0.15% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have weighed in on GEV. Weiss Ratings reiterated a “hold (c)” rating on shares of GE Vernova in a report on Wednesday, October 8th. Cowen reaffirmed a “buy” rating on shares of GE Vernova in a research report on Thursday, October 23rd. TD Cowen decreased their price objective on GE Vernova from $685.00 to $680.00 and set a “buy” rating for the company in a research report on Thursday, October 23rd. Melius Research set a $740.00 target price on GE Vernova and gave the stock a “buy” rating in a research note on Monday, September 15th. Finally, Morgan Stanley raised their target price on shares of GE Vernova from $690.00 to $710.00 and gave the stock an “overweight” rating in a report on Thursday, October 30th. Four equities research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $607.81.

GE Vernova Stock Down 0.4%

NYSE:GEV opened at $555.98 on Friday. The company has a market cap of $150.85 billion, a P/E ratio of 90.55, a price-to-earnings-growth ratio of 4.13 and a beta of 1.68. GE Vernova Inc. has a twelve month low of $252.25 and a twelve month high of $677.29. The business has a 50 day moving average price of $595.52 and a two-hundred day moving average price of $563.46.

GE Vernova (NYSE:GEV) last announced its quarterly earnings data on Wednesday, October 22nd. The company reported $1.64 EPS for the quarter, missing analysts’ consensus estimates of $1.72 by ($0.08). GE Vernova had a return on equity of 17.07% and a net margin of 4.52%.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 firm earned ($0.35) EPS. The business’s revenue for the quarter was up 11.8% compared to the same quarter last year. GE Vernova has set its FY 2025 guidance at EPS. As a group, analysts anticipate that GE Vernova Inc. will post 6.59 earnings per share for the current fiscal year.

GE Vernova Dividend Announcement

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

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.