GE Vernova Inc. $GEV Stock Position Lowered by TIAA Trust National Association

TIAA Trust National Association lessened its position in GE Vernova Inc. (NYSE:GEV) by 14.6% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 40,851 shares of the company’s stock after selling 6,979 shares during the period. TIAA Trust National Association’s holdings in GE Vernova were worth $21,614,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. IMA Advisory Services Inc. acquired a new stake in shares of GE Vernova during the first quarter worth $27,000. WFA Asset Management Corp acquired a new stake in shares of GE Vernova during the second quarter worth $29,000. Mowery & Schoenfeld Wealth Management LLC raised its position in shares of GE Vernova by 115.2% during the first quarter. Mowery & Schoenfeld Wealth Management LLC now owns 99 shares of the company’s stock worth $30,000 after purchasing an additional 53 shares during the period. 1248 Management LLC acquired a new stake in shares of GE Vernova during the first quarter worth $31,000. Finally, Saudi Central Bank acquired a new stake in shares of GE Vernova during the first quarter worth $33,000.

GE Vernova Trading Up 1.9%

Shares of GEV stock opened at $584.82 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 capitalization of $158.67 billion, a price-to-earnings ratio of 95.25, a P/E/G ratio of 4.35 and a beta of 1.69. The stock’s fifty day simple moving average is $608.29 and its 200-day simple moving average is $542.94.

GE Vernova (NYSE:GEV) last issued its quarterly earnings results 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). 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 posted ($0.35) EPS. The business’s quarterly revenue was up 11.8% compared to the same quarter last year. GE Vernova has set its FY 2025 guidance at EPS. On average, sell-side analysts predict that GE Vernova Inc. will post 6.59 EPS for the current year.

GE Vernova Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, November 17th. Shareholders of record on Monday, October 20th will be paid a $0.25 dividend. The ex-dividend date is Monday, October 20th. This represents a $1.00 dividend on an annualized basis and a yield of 0.2%. GE Vernova’s payout ratio is 16.29%.

Insider Buying and Selling

In other GE Vernova news, CFO Kenneth Scott Parks sold 3,300 shares of the business’s stock in a transaction dated 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 transaction, the chief financial officer owned 7,590 shares in the company, valued at $4,705,800. The trade was a 30.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.15% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

GEV has been the topic of a number of recent analyst reports. Wells Fargo & Company boosted their target price on GE Vernova from $697.00 to $717.00 and gave the stock an “overweight” rating in a research report on Friday, October 24th. UBS Group set a $710.00 target price on GE Vernova in a research report on Thursday, October 23rd. JPMorgan Chase & Co. boosted their target price on GE Vernova from $715.00 to $740.00 and gave the stock an “overweight” rating in a research report on Thursday, October 23rd. Royal Bank Of Canada lifted their price target on GE Vernova from $605.00 to $630.00 and gave the company a “sector perform” rating in a report on Thursday, October 23rd. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of GE Vernova in a report on Wednesday, October 8th. Four investment analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $607.81.

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.