VestGen Investment Management Decreases Position in GE Vernova Inc. $GEV

VestGen Investment Management lessened its holdings in GE Vernova Inc. (NYSE:GEV) by 41.7% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,151 shares of the company’s stock after selling 1,540 shares during the quarter. GE Vernova accounts for 0.8% of VestGen Investment Management’s investment portfolio, making the stock its 28th biggest position. VestGen Investment Management’s holdings in GE Vernova were worth $1,138,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in GEV. Sachetta LLC increased its position in shares of GE Vernova by 10.7% in the second quarter. Sachetta LLC now owns 165 shares of the company’s stock valued at $87,000 after acquiring an additional 16 shares during the period. Highline Wealth Partners LLC increased its position in shares of GE Vernova by 34.6% in the second quarter. Highline Wealth Partners LLC now owns 70 shares of the company’s stock valued at $37,000 after acquiring an additional 18 shares during the period. Atlas Brown Inc. increased its position in shares of GE Vernova by 0.8% in the second quarter. Atlas Brown Inc. now owns 2,496 shares of the company’s stock valued at $1,321,000 after acquiring an additional 19 shares during the period. Princeton Global Asset Management LLC increased its position in shares of GE Vernova by 14.4% in the second quarter. Princeton Global Asset Management LLC now owns 151 shares of the company’s stock valued at $80,000 after acquiring an additional 19 shares during the period. Finally, Physician Wealth Advisors Inc. increased its position in shares of GE Vernova by 9.0% in the second quarter. Physician Wealth Advisors Inc. now owns 241 shares of the company’s stock valued at $128,000 after acquiring an additional 20 shares during the period.

Analyst Ratings Changes

A number of research firms have issued reports on GEV. TD Cowen decreased their price objective on shares of GE Vernova from $685.00 to $680.00 and set a “buy” rating on the stock in a research report on Thursday. Jefferies Financial Group raised their price target on GE Vernova from $658.00 to $668.00 and gave the stock a “hold” rating in a research note on Friday, September 12th. Barclays boosted their price target on shares of GE Vernova from $706.00 to $710.00 and gave the company an “overweight” rating in a research report on Thursday. Robert W. Baird boosted their price target on shares of GE Vernova from $568.00 to $706.00 and gave the company an “outperform” rating in a research report on Thursday, July 24th. Finally, Morgan Stanley boosted their price target on shares of GE Vernova from $675.00 to $690.00 and gave the company an “overweight” rating in a research report on Thursday, October 16th. Four investment analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $607.59.

GE Vernova Price Performance

Shares of NYSE GEV opened at $584.68 on Friday. GE Vernova Inc. has a 1 year low of $252.25 and a 1 year high of $677.29. The company’s 50-day moving average is $611.31 and its 200 day moving average is $531.04. The stock has a market capitalization of $158.64 billion, a P/E ratio of 95.23, a P/E/G ratio of 4.22 and a beta of 1.72.

GE Vernova (NYSE:GEV) last announced its quarterly earnings data on Wednesday, October 22nd. The company reported $1.64 earnings per share for the quarter, missing analysts’ consensus estimates of $1.72 by ($0.08). The business had revenue of $9.97 billion during the quarter, compared to analysts’ expectations of $9.15 billion. GE Vernova had a return on equity of 17.07% and a net margin of 4.52%.GE Vernova’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same quarter last year, the company posted ($0.35) EPS. GE Vernova has set its FY 2025 guidance at EPS. Research analysts anticipate that GE Vernova Inc. will post 6.59 earnings per share for the current 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 issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date is Monday, October 20th. GE Vernova’s dividend payout ratio is 16.29%.

Insiders Place Their Bets

In other GE Vernova 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 value of $2,046,000.00. Following the sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.15% of the company’s stock.

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.