MMA Asset Management LLC Makes New $288,000 Investment in GE Vernova Inc. $GEV

MMA Asset Management LLC bought a new stake in shares of GE Vernova Inc. (NYSE:GEV) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 545 shares of the company’s stock, valued at approximately $288,000.

Several other large investors have also modified their holdings of the business. Sachetta LLC increased its holdings 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 buying an additional 16 shares during the period. AMG National Trust Bank lifted its holdings in GE Vernova by 1.5% during the second quarter. AMG National Trust Bank now owns 1,145 shares of the company’s stock worth $606,000 after buying an additional 17 shares during the period. Highline Wealth Partners LLC boosted its position in GE Vernova by 34.6% during the 2nd quarter. Highline Wealth Partners LLC now owns 70 shares of the company’s stock valued at $37,000 after acquiring an additional 18 shares in the last quarter. Atlas Brown Inc. increased its holdings in shares of GE Vernova by 0.8% in the 2nd 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. Finally, Princeton Global Asset Management LLC increased its holdings in shares of GE Vernova by 14.4% in the 2nd 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.

GE Vernova Stock Performance

Shares of GEV stock opened at $584.82 on Monday. GE Vernova Inc. has a fifty-two week low of $252.25 and a fifty-two week high of $677.29. The firm has a market capitalization of $158.67 billion, a price-to-earnings ratio of 95.25, a PEG ratio of 4.35 and a beta of 1.69. The stock’s 50-day simple moving average is $608.29 and its 200-day simple moving average is $542.94.

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

GE Vernova Dividend Announcement

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

Analyst Upgrades and Downgrades

GEV has been the subject of a number of analyst reports. Jefferies Financial Group restated a “hold” rating and set a $654.00 price objective on shares of GE Vernova in a research note on Monday, October 27th. Mizuho reduced their target price on shares of GE Vernova from $677.00 to $660.00 and set a “neutral” rating for the company in a report on Friday, October 24th. Melius raised shares of GE Vernova from a “hold” rating to a “buy” rating and set a $740.00 price target for the company in a research report on Monday, September 15th. Morgan Stanley raised their price target on shares of GE Vernova from $690.00 to $710.00 and gave the company an “overweight” rating in a report on Thursday. Finally, Glj Research lifted their price objective on shares of GE Vernova from $702.00 to $758.00 and gave the stock a “buy” rating in a research report on Wednesday, October 15th. Four research 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 assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $607.81.

Insider Activity

In related news, CFO Kenneth Scott Parks sold 3,300 shares of the company’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 transaction, the chief financial officer directly owned 7,590 shares of the company’s stock, valued at $4,705,800. This represents a 30.30% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.15% of the stock is currently owned by insiders.

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.