111 Capital Takes Position in GE Vernova Inc. $GEV

111 Capital purchased a new stake in GE Vernova Inc. (NYSE:GEV) during the 2nd quarter, Holdings Channel reports. The institutional investor purchased 1,536 shares of the company’s stock, valued at approximately $813,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. AIFG Consultants Ltd. acquired a new stake in GE Vernova in the second quarter valued at $266,000. Ameriflex Group Inc. raised its holdings in GE Vernova by 8.1% in the second quarter. Ameriflex Group Inc. now owns 523 shares of the company’s stock valued at $265,000 after acquiring an additional 39 shares in the last quarter. QRG Capital Management Inc. raised its holdings in GE Vernova by 80.8% in the second quarter. QRG Capital Management Inc. now owns 65,345 shares of the company’s stock valued at $34,577,000 after acquiring an additional 29,208 shares in the last quarter. Successful Portfolios LLC acquired a new stake in GE Vernova in the second quarter valued at $264,000. Finally, WT Asset Management Ltd acquired a new stake in GE Vernova in the second quarter valued at $39,966,000.

Analyst Ratings Changes

Several research firms recently issued reports on GEV. Susquehanna upped their price target on shares of GE Vernova from $662.00 to $736.00 and gave the company a “positive” rating in a report on Thursday, July 24th. Robert W. Baird increased their target price on shares of GE Vernova from $568.00 to $706.00 and gave the stock an “outperform” rating in a report on Thursday, July 24th. BMO Capital Markets increased their target price on shares of GE Vernova from $590.00 to $690.00 and gave the stock an “outperform” rating in a report on Thursday, July 24th. Wolfe Research cut shares of GE Vernova from an “outperform” rating to a “peer perform” rating in a report on Friday, June 13th. Finally, Mizuho cut shares of GE Vernova from an “outperform” rating to a “neutral” rating and set a $670.00 target price on the stock. in a report on Monday, July 28th. Four research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, GE Vernova has an average rating of “Moderate Buy” and a consensus target price of $598.50.

GE Vernova Stock Performance

GE Vernova stock opened at $595.07 on Friday. The company has a 50-day simple moving average of $623.21 and a 200-day simple moving average of $500.03. The firm has a market capitalization of $161.99 billion, a P/E ratio of 143.39, a P/E/G ratio of 4.34 and a beta of 1.72. GE Vernova Inc. has a one year low of $252.25 and a one year high of $677.29.

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 business had revenue of $9.11 billion during the quarter, compared to analyst estimates 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 prior year, the firm earned $4.65 earnings per share. GE Vernova has set its FY 2025 guidance at EPS. As a group, sell-side analysts forecast that GE Vernova Inc. will post 6.59 earnings per share for the current year.

GE Vernova Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, November 17th. Stockholders 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 annualized dividend and a dividend yield of 0.2%. GE Vernova’s dividend payout ratio is currently 24.10%.

Insider Activity at GE Vernova

In other news, CFO Kenneth Scott Parks sold 3,300 shares of the company’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 completion of the transaction, the chief financial officer owned 7,590 shares in the company, valued at approximately $4,705,800. This 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 accessible through the SEC website. Corporate insiders own 0.15% of the company’s stock.

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.