Vanguard Personalized Indexing Management LLC boosted its holdings in GE Vernova Inc. (NYSE:GEV – Free Report) by 4.8% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 40,197 shares of the company’s stock after purchasing an additional 1,859 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in GE Vernova were worth $26,272,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors also recently added to or reduced their stakes in GEV. Brighton Jones LLC increased its position in GE Vernova by 29.4% in the 4th quarter. Brighton Jones LLC now owns 3,315 shares of the company’s stock worth $1,091,000 after buying an additional 753 shares during the period. Schnieders Capital Management LLC. increased its position in shares of GE Vernova by 1.7% during the second quarter. Schnieders Capital Management LLC. now owns 1,564 shares of the company’s stock valued at $828,000 after purchasing an additional 26 shares during the period. Jump Financial LLC bought a new stake in shares of GE Vernova during the second quarter valued at approximately $258,000. Ossiam bought a new stake in shares of GE Vernova during the second quarter valued at approximately $42,000. Finally, Nebula Research & Development LLC increased its position in shares of GE Vernova by 23.9% during the second quarter. Nebula Research & Development LLC now owns 1,674 shares of the company’s stock valued at $886,000 after purchasing an additional 323 shares during the period.
GE Vernova Stock Performance
Shares of NYSE:GEV opened at $940.14 on Monday. The business’s fifty day moving average price is $1,008.85 and its two-hundred day moving average price is $833.50. GE Vernova Inc. has a fifty-two week low of $474.21 and a fifty-two week high of $1,181.95. The stock has a market capitalization of $252.63 billion, a price-to-earnings ratio of 27.39, a price-to-earnings-growth ratio of 3.49 and a beta of 1.24. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.89 and a quick ratio of 0.65.
GE Vernova Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 14th. Shareholders of record on Tuesday, June 16th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date is Tuesday, June 16th. GE Vernova’s dividend payout ratio is 5.83%.
Wall Street Analyst Weigh In
A number of analysts have recently issued reports on the company. Oppenheimer set a $1,303.00 price objective on GE Vernova in a research report on Thursday, April 23rd. Guggenheim boosted their price objective on GE Vernova from $910.00 to $1,300.00 and gave the company a “buy” rating in a research report on Thursday, April 23rd. JPMorgan Chase & Co. boosted their price objective on GE Vernova from $1,000.00 to $1,150.00 and gave the company an “overweight” rating in a research report on Thursday, April 16th. Rothschild & Co Redburn upgraded GE Vernova from a “sell” rating to a “buy” rating and boosted their price objective for the company from $560.00 to $1,100.00 in a research report on Monday, March 9th. Finally, Barclays boosted their price objective on GE Vernova from $993.00 to $1,250.00 and gave the company an “overweight” rating in a research report on Thursday, April 23rd. Two analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $1,085.16.
Read Our Latest Analysis on GE Vernova
Insiders Place Their Bets
In other GE Vernova news, CEO Victor Abate sold 4,819 shares of the company’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $948.08, for a total value of $4,568,797.52. Following the sale, the chief executive officer directly owned 1,835 shares in the company, valued at $1,739,726.80. This represents a 72.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Matthew Joseph Potvin sold 2,333 shares of the company’s stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $1,059.09, for a total value of $2,470,856.97. Following the completion of the sale, the chief accounting officer owned 3,549 shares in the company, valued at $3,758,710.41. This trade represents a 39.66% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.21% of the company’s stock.
About GE Vernova
GE Vernova is the energy-focused company formed from the energy businesses of General Electric and operates as a publicly listed entity on the NYSE under the ticker GEV. It is organized to design, manufacture and service equipment and systems used across the power generation and energy transition value chain, bringing together legacy capabilities in conventional power, renewables and grid technologies under a single corporate platform.
The company’s offerings span large-scale power-generation equipment such as gas and steam turbines and associated generators and controls, as well as renewable energy technologies including onshore and offshore wind platforms and hydro solutions.
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