Meiji Yasuda Life Insurance Co Decreases Position in GE Vernova Inc. $GEV

Meiji Yasuda Life Insurance Co lessened its holdings in GE Vernova Inc. (NYSE:GEV) by 1.0% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,605 shares of the company’s stock after selling 130 shares during the quarter. Meiji Yasuda Life Insurance Co’s holdings in GE Vernova were worth $3,848,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Westover Capital Advisors LLC increased its position in shares of GE Vernova by 2.3% during the first quarter. Westover Capital Advisors LLC now owns 1,130 shares of the company’s stock valued at $345,000 after buying an additional 25 shares during the period. SVB Wealth LLC increased its position in shares of GE Vernova by 0.7% during the first quarter. SVB Wealth LLC now owns 3,585 shares of the company’s stock valued at $1,094,000 after buying an additional 26 shares during the period. Stonebridge Financial Group LLC increased its position in shares of GE Vernova by 8.9% during the first quarter. Stonebridge Financial Group LLC now owns 344 shares of the company’s stock valued at $105,000 after buying an additional 28 shares during the period. Whittier Trust Co. of Nevada Inc. increased its position in shares of GE Vernova by 0.4% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 8,510 shares of the company’s stock valued at $2,598,000 after buying an additional 30 shares during the period. Finally, Hemington Wealth Management increased its position in shares of GE Vernova by 20.3% during the first quarter. Hemington Wealth Management now owns 178 shares of the company’s stock valued at $54,000 after buying an additional 30 shares during the period.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Mizuho cut shares of GE Vernova from an “outperform” rating to a “neutral” rating and set a $670.00 price target on the stock. in a research report on Monday, July 28th. BMO Capital Markets boosted their price objective on shares of GE Vernova from $590.00 to $690.00 and gave the stock an “outperform” rating in a research note on Thursday, July 24th. Barclays boosted their price objective on shares of GE Vernova from $580.00 to $706.00 and gave the stock an “overweight” rating in a research note on Thursday, July 24th. Susquehanna boosted their price objective on shares of GE Vernova from $662.00 to $736.00 and gave the stock a “positive” rating in a research note on Thursday, July 24th. Finally, Jefferies Financial Group lowered shares of GE Vernova from a “buy” rating to a “hold” rating and boosted their price objective for the stock from $427.00 to $517.00 in a research note on Thursday, May 29th. Four research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $573.75.

Insiders Place Their Bets

In related news, CFO Kenneth Scott Parks sold 3,300 shares of the 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 transaction, the chief financial officer owned 7,590 shares in the company, valued at $4,705,800. This represents a 30.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.15% of the stock is currently owned by company insiders.

GE Vernova Stock Performance

Shares of NYSE GEV opened at $581.92 on Monday. The firm’s 50 day moving average price is $597.95 and its 200-day moving average price is $458.69. The company has a market cap of $158.41 billion, a PE ratio of 140.22, a P/E/G ratio of 4.02 and a beta of 1.88. GE Vernova Inc. has a 52-week low of $193.38 and a 52-week high of $677.29.

GE Vernova (NYSE:GEV) last issued its earnings results on Wednesday, July 23rd. The company reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.63 by $0.23. The firm had revenue of $9.11 billion for the quarter, compared to the consensus estimate of $8.78 billion. GE Vernova had a net margin of 3.16% and a return on equity of 13.23%. The business’s revenue was up 11.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $4.65 earnings per share. GE Vernova has set its FY 2025 guidance at EPS. On average, analysts forecast that GE Vernova Inc. will post 6.59 earnings per share for the current fiscal year.

GE Vernova Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 18th. Investors of record on Monday, July 21st were given a dividend of $0.25 per share. The ex-dividend date was Monday, July 21st. This represents a $1.00 dividend on an annualized basis and a yield of 0.2%. GE Vernova’s dividend payout ratio is 24.10%.

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.