593 Shares in GE Vernova Inc. $GEV Acquired by Taylor Hoffman Capital Management LLC

Taylor Hoffman Capital Management LLC purchased a new position in GE Vernova Inc. (NYSE:GEV) during the 2nd quarter, Holdings Channel.com reports. The firm purchased 593 shares of the company’s stock, valued at approximately $314,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in GEV. Brighton Jones LLC grew its stake in shares of GE Vernova by 29.4% in the 4th quarter. Brighton Jones LLC now owns 3,315 shares of the company’s stock worth $1,091,000 after buying an additional 753 shares during the last quarter. American Assets Inc. purchased a new stake in shares of GE Vernova in the 4th quarter worth approximately $658,000. Two Sigma Advisers LP purchased a new stake in GE Vernova during the 4th quarter valued at $17,729,000. Westwood Holdings Group Inc. boosted its stake in GE Vernova by 216.9% during the 4th quarter. Westwood Holdings Group Inc. now owns 13,887 shares of the company’s stock valued at $4,568,000 after purchasing an additional 9,505 shares during the last quarter. Finally, Zimmer Partners LP purchased a new stake in GE Vernova during the 4th quarter valued at $5,921,000.

Analyst Ratings Changes

Several analysts have commented on GEV shares. Wells Fargo & Company increased their target price on GE Vernova from $474.00 to $697.00 and gave the company an “overweight” rating in a research note on Thursday, July 24th. Barclays increased their target price on GE Vernova from $580.00 to $706.00 and gave the company an “overweight” rating in a research note on Thursday, July 24th. UBS Group started coverage on GE Vernova in a research note on Monday, July 7th. They set a “buy” rating and a $614.00 target price on the stock. BMO Capital Markets increased their target price on GE Vernova from $590.00 to $690.00 and gave the company an “outperform” rating in a research note on Thursday, July 24th. Finally, Mizuho downgraded GE Vernova from an “outperform” rating to a “neutral” rating and set a $670.00 target price on the stock. in a research note on Monday, July 28th. Four equities research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $592.35.

GE Vernova Stock Down 1.7%

NYSE:GEV opened at $618.28 on Wednesday. The business’s 50-day simple moving average is $612.36 and its two-hundred day simple moving average is $472.16. The stock has a market cap of $168.31 billion, a PE ratio of 148.98, a P/E/G ratio of 4.35 and a beta of 1.87. GE Vernova Inc. has a 52 week low of $233.51 and a 52 week high of $677.29.

GE Vernova (NYSE:GEV) last posted its quarterly earnings results on Wednesday, July 23rd. The company reported $1.86 EPS for the quarter, beating analysts’ consensus estimates of $1.63 by $0.23. The business had revenue of $9.11 billion for the quarter, compared to analysts’ expectations of $8.78 billion. GE Vernova had a return on equity of 13.23% and a net margin of 3.16%.The business’s quarterly revenue was up 11.1% on a year-over-year basis. During the same period last year, the firm earned $4.65 earnings per share. GE Vernova has set its FY 2025 guidance at EPS. Sell-side 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 declared a quarterly dividend, which was paid on Monday, August 18th. Shareholders of record on Monday, July 21st were issued a dividend of $0.25 per share. The ex-dividend date of this dividend 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 (DPR) is currently 24.10%.

Insider Buying and Selling

In other GE Vernova 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 transaction of $2,046,000.00. Following the sale, the chief financial officer directly owned 7,590 shares of the company’s stock, valued at $4,705,800. This trade represents a 30.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.15% of the stock is currently owned by corporate insiders.

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.