Camelot Portfolios LLC Buys Shares of 456 GE Vernova Inc. $GEV

Camelot Portfolios LLC purchased a new stake in shares of GE Vernova Inc. (NYSE:GEV) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 456 shares of the company’s stock, valued at approximately $241,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. EQ Wealth Advisors LLC bought a new position in GE Vernova in the 1st quarter worth $27,000. IMA Advisory Services Inc. bought a new position in GE Vernova in the 1st quarter worth $27,000. Mowery & Schoenfeld Wealth Management LLC raised its holdings in GE Vernova by 115.2% in the 1st quarter. Mowery & Schoenfeld Wealth Management LLC now owns 99 shares of the company’s stock worth $30,000 after purchasing an additional 53 shares during the period. 1248 Management LLC bought a new position in GE Vernova in the 1st quarter worth $31,000. Finally, Saudi Central Bank bought a new position in GE Vernova in the 1st quarter worth $33,000.

GE Vernova Trading Down 0.4%

Shares of GEV stock opened at $605.21 on Friday. GE Vernova Inc. has a 12-month low of $248.50 and a 12-month high of $677.29. The stock’s 50-day moving average price is $622.99 and its 200-day moving average price is $490.14. The stock has a market capitalization of $164.75 billion, a price-to-earnings ratio of 145.83, a price-to-earnings-growth ratio of 4.41 and a beta of 1.87.

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

GE Vernova Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 17th. Shareholders of record on Monday, October 20th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Monday, October 20th. GE Vernova’s dividend payout ratio is 24.10%.

Insider Buying and Selling

In other GE Vernova news, CFO Kenneth Scott Parks sold 3,300 shares of the company’s stock in a transaction on 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 transaction, the chief financial officer owned 7,590 shares of the company’s stock, valued at $4,705,800. This represents a 30.30% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.15% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have issued reports on GEV. The Goldman Sachs Group increased their price target on GE Vernova from $500.00 to $570.00 and gave the stock a “buy” rating in a research note on Tuesday, June 10th. TD Cowen increased their price target on GE Vernova from $390.00 to $685.00 and gave the stock a “buy” rating in a research note on Friday, July 25th. Robert W. Baird increased their price target on GE Vernova from $568.00 to $706.00 and gave the stock an “outperform” rating in a research note on Thursday, July 24th. Barclays increased their price target on GE Vernova from $580.00 to $706.00 and gave the stock an “overweight” rating in a research note on Thursday, July 24th. Finally, Susquehanna increased their price target on GE Vernova from $662.00 to $736.00 and gave the stock a “positive” rating in a research note on Thursday, July 24th. Four investment analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat, GE Vernova presently has an average rating of “Moderate Buy” and a consensus target price of $592.35.

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.