ASR Vermogensbeheer N.V. Raises Holdings in GE Vernova Inc. $GEV

ASR Vermogensbeheer N.V. boosted its holdings in shares of GE Vernova Inc. (NYSE:GEV) by 23.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 28,962 shares of the company’s stock after buying an additional 5,522 shares during the quarter. ASR Vermogensbeheer N.V.’s holdings in GE Vernova were worth $15,325,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Highline Wealth Partners LLC increased its holdings in GE Vernova by 34.6% during the second quarter. Highline Wealth Partners LLC now owns 70 shares of the company’s stock valued at $37,000 after buying an additional 18 shares during the period. Raleigh Capital Management Inc. acquired a new stake in GE Vernova in the second quarter valued at approximately $37,000. IMA Advisory Services Inc. acquired a new stake in GE Vernova in the first quarter valued at approximately $27,000. EQ Wealth Advisors LLC acquired a new stake in GE Vernova in the first quarter valued at approximately $27,000. Finally, West Branch Capital LLC boosted its stake in GE Vernova by 25.6% in the second quarter. West Branch Capital LLC now owns 98 shares of the company’s stock valued at $52,000 after acquiring an additional 20 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on GEV. Glj Research began coverage on shares of GE Vernova in a research note on Monday, June 23rd. They issued a “buy” rating for the company. UBS Group started coverage on shares of GE Vernova in a research note on Monday, July 7th. They set a “buy” rating and a $614.00 price objective for the company. Citigroup boosted their target price on shares of GE Vernova from $544.00 to $670.00 and gave the company a “neutral” rating in a research report on Thursday, July 24th. Bank of America boosted their target price on shares of GE Vernova from $550.00 to $620.00 and gave the company a “buy” rating in a research report on Thursday, July 17th. Finally, Jefferies Financial Group boosted their target price on shares of GE Vernova from $658.00 to $668.00 and gave the company a “hold” rating in a research report on Friday, September 12th. Four equities research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $598.50.

Insiders Place Their Bets

In related news, CFO Kenneth Scott Parks sold 3,300 shares of the business’s stock in a transaction dated 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 directly owned 7,590 shares in the company, valued at approximately $4,705,800. The trade was a 30.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.15% of the company’s stock.

GE Vernova Stock Down 1.3%

GEV stock opened at $606.97 on Thursday. The stock has a market capitalization of $165.23 billion, a P/E ratio of 146.26, a P/E/G ratio of 4.48 and a beta of 1.74. The firm has a 50-day simple moving average of $624.54 and a 200-day simple moving average of $495.09. GE Vernova Inc. has a 52 week low of $248.50 and a 52 week high of $677.29.

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

GE Vernova Announces Dividend

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

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.