Koss Olinger Consulting LLC Decreases Stock Holdings in GE Vernova Inc. $GEV

Koss Olinger Consulting LLC trimmed its holdings in shares of GE Vernova Inc. (NYSE:GEV) by 2.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,810 shares of the company’s stock after selling 38 shares during the quarter. Koss Olinger Consulting LLC’s holdings in GE Vernova were worth $958,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of GEV. AQR Capital Management LLC increased its position in shares of GE Vernova by 252.9% during the first quarter. AQR Capital Management LLC now owns 1,245,420 shares of the company’s stock valued at $366,016,000 after acquiring an additional 892,549 shares during the last quarter. Amundi increased its position in shares of GE Vernova by 109.0% during the first quarter. Amundi now owns 1,665,980 shares of the company’s stock valued at $496,013,000 after acquiring an additional 868,927 shares during the last quarter. Assenagon Asset Management S.A. increased its position in shares of GE Vernova by 10,044.9% during the second quarter. Assenagon Asset Management S.A. now owns 842,433 shares of the company’s stock valued at $445,773,000 after acquiring an additional 834,129 shares during the last quarter. TD Asset Management Inc increased its position in shares of GE Vernova by 627.2% during the first quarter. TD Asset Management Inc now owns 926,842 shares of the company’s stock valued at $282,946,000 after acquiring an additional 799,388 shares during the last quarter. Finally, Nuveen LLC purchased a new stake in shares of GE Vernova during the first quarter valued at approximately $223,556,000.

Insider Activity at GE Vernova

In other news, CFO Kenneth Scott Parks sold 3,300 shares of the firm’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 completion of the transaction, the chief financial officer directly owned 7,590 shares of the company’s stock, valued at $4,705,800. This trade 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 available at the SEC website. 0.15% of the stock is owned by insiders.

GE Vernova Price Performance

NYSE:GEV opened at $584.68 on Monday. The business has a fifty day simple moving average of $611.31 and a two-hundred day simple moving average of $532.47. GE Vernova Inc. has a 1 year low of $252.25 and a 1 year high of $677.29. The company 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 posted its quarterly earnings results on Wednesday, October 22nd. The company reported $1.64 EPS for the quarter, missing analysts’ consensus estimates of $1.72 by ($0.08). GE Vernova had a return on equity of 17.07% and a net margin of 4.52%.The company had revenue of $9.97 billion during the quarter, compared to the consensus estimate of $9.15 billion. During the same period in the previous year, the business earned ($0.35) earnings per share. GE Vernova’s revenue was up 11.8% on a year-over-year basis. GE Vernova has set its FY 2025 guidance at EPS. As a group, analysts anticipate that GE Vernova Inc. will post 6.59 earnings per share for the current year.

GE Vernova Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, November 17th. Stockholders 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 dividend yield of 0.2%. The ex-dividend date of this dividend is Monday, October 20th. GE Vernova’s dividend payout ratio (DPR) is presently 16.29%.

Analyst Ratings Changes

A number of analysts recently commented on GEV shares. Glj Research increased their price target on GE Vernova from $702.00 to $758.00 and gave the company a “buy” rating in a research report on Wednesday, October 15th. TD Cowen decreased their price target on GE Vernova from $685.00 to $680.00 and set a “buy” rating for the company in a research report on Thursday. Robert W. Baird raised their target price on GE Vernova from $568.00 to $706.00 and gave the stock an “outperform” rating in a research report on Thursday, July 24th. BMO Capital Markets raised their target price on GE Vernova from $690.00 to $710.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, Rothschild & Co Redburn reissued a “sell” rating and issued a $475.00 target price on shares of GE Vernova in a research report on Wednesday, October 15th. Four investment analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $607.59.

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.