Delta Investment Management LLC Purchases 382 Shares of GE Vernova Inc. $GEV

Delta Investment Management LLC boosted its position in shares of GE Vernova Inc. (NYSE:GEV) by 26.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,816 shares of the company’s stock after purchasing an additional 382 shares during the period. Delta Investment Management LLC’s holdings in GE Vernova were worth $961,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. grew its holdings in GE Vernova by 2.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 431,173 shares of the company’s stock valued at $228,150,000 after purchasing an additional 9,719 shares during the last quarter. Nisa Investment Advisors LLC grew its holdings in GE Vernova by 8.3% during the 2nd quarter. Nisa Investment Advisors LLC now owns 53,152 shares of the company’s stock valued at $28,125,000 after purchasing an additional 4,055 shares during the last quarter. Resonant Capital Advisors LLC grew its holdings in GE Vernova by 25.4% during the 2nd quarter. Resonant Capital Advisors LLC now owns 1,262 shares of the company’s stock valued at $668,000 after purchasing an additional 256 shares during the last quarter. Wealthfront Advisers LLC boosted its position in GE Vernova by 29.0% in the 2nd quarter. Wealthfront Advisers LLC now owns 33,113 shares of the company’s stock valued at $17,522,000 after buying an additional 7,437 shares during the period. Finally, Atlatl Advisers LLC purchased a new stake in GE Vernova in the 2nd quarter valued at about $1,162,000.

Insider Buying and Selling at GE Vernova

In related news, CFO Kenneth Scott Parks sold 3,300 shares of the stock in a transaction that occurred on 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 sale, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.15% of the company’s stock.

GE Vernova Stock Performance

Shares of GEV opened at $584.68 on Monday. The company has a 50 day moving average price of $611.31 and a 200-day moving average price of $532.47. GE Vernova Inc. has a fifty-two week low of $252.25 and a fifty-two week high of $677.29. The stock has a market capitalization of $158.64 billion, a PE ratio of 95.23, a PEG ratio of 4.22 and a beta of 1.72.

GE Vernova (NYSE:GEV) last announced its quarterly earnings results on Wednesday, October 22nd. The company reported $1.64 earnings per share for the quarter, missing the consensus estimate of $1.72 by ($0.08). GE Vernova had a return on equity of 17.07% and a net margin of 4.52%.The business had revenue of $9.97 billion during the quarter, compared to analysts’ expectations of $9.15 billion. During the same period in the previous year, the company posted ($0.35) EPS. GE Vernova’s revenue for the quarter was up 11.8% on a year-over-year basis. GE Vernova has set its FY 2025 guidance at EPS. Equities research analysts forecast that GE Vernova Inc. will post 6.59 EPS for the current year.

GE Vernova Dividend Announcement

The firm 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 $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend is Monday, October 20th. GE Vernova’s dividend payout ratio is presently 16.29%.

Analyst Ratings Changes

Several research firms have issued reports on GEV. Robert W. Baird boosted their price objective 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. Glj Research boosted their price objective on shares of GE Vernova from $702.00 to $758.00 and gave the company a “buy” rating in a research report on Wednesday, October 15th. UBS Group set a $710.00 price objective on shares of GE Vernova in a research report on Thursday. Rothschild Redb cut shares of GE Vernova from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 15th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of GE Vernova from $715.00 to $740.00 and gave the company an “overweight” rating in a research report on Thursday. Four analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, GE Vernova currently has an average rating of “Moderate Buy” and a consensus target price of $607.59.

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.