Teacher Retirement System of Texas Grows Stock Holdings in GE Vernova Inc. $GEV

Teacher Retirement System of Texas raised its position in shares of GE Vernova Inc. (NYSE:GEV) by 27.0% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 141,784 shares of the company’s stock after purchasing an additional 30,158 shares during the period. Teacher Retirement System of Texas owned approximately 0.05% of GE Vernova worth $75,025,000 at the end of the most recent reporting period.

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

GE Vernova Price Performance

Shares of NYSE:GEV opened at $584.68 on Monday. GE Vernova Inc. has a 1 year low of $252.25 and a 1 year high of $677.29. The company has a market cap of $158.64 billion, a PE ratio of 95.23, a P/E/G ratio of 4.22 and a beta of 1.72. The stock’s 50-day moving average is $611.31 and its 200 day moving average is $532.47.

GE Vernova (NYSE:GEV) last announced its quarterly earnings results on Wednesday, October 22nd. The company reported $1.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.72 by ($0.08). GE Vernova had a net margin of 4.52% and a return on equity of 17.07%. The business had revenue of $9.97 billion for the quarter, compared to analysts’ expectations of $9.15 billion. During the same quarter in the prior year, the firm earned ($0.35) EPS. The firm’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. Analysts expect that GE Vernova Inc. will post 6.59 EPS for the current fiscal 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 issued a dividend of $0.25 per share. 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 payout ratio is currently 16.29%.

Analyst Ratings Changes

Several research firms have recently commented on GEV. HSBC lifted their price objective on GE Vernova from $570.00 to $580.00 and gave the stock a “hold” rating in a report on Friday, September 5th. Jefferies Financial Group lifted their price objective on GE Vernova from $658.00 to $668.00 and gave the stock a “hold” rating in a report on Friday, September 12th. Guggenheim downgraded GE Vernova from a “buy” rating to a “neutral” rating in a report on Monday, July 28th. Wall Street Zen downgraded GE Vernova from a “buy” rating to a “hold” rating in a report on Saturday, July 26th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of GE Vernova in a report on Saturday. 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 given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $607.59.

Insider Transactions at GE Vernova

In other GE Vernova news, CFO Kenneth Scott Parks sold 3,300 shares of GE Vernova stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $620.00, for a total transaction of $2,046,000.00. Following the sale, the chief financial officer directly owned 7,590 shares of the company’s stock, valued at approximately $4,705,800. The trade was a 30.30% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.15% of the stock is currently owned by corporate insiders.

GE Vernova Company 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.