MGO One Seven LLC Increases Stock Holdings in GE Vernova Inc. $GEV

MGO One Seven LLC lifted its stake in GE Vernova Inc. (NYSE:GEV) by 72.4% in the second quarter, Holdings Channel.com reports. The firm owned 6,471 shares of the company’s stock after buying an additional 2,717 shares during the period. MGO One Seven LLC’s holdings in GE Vernova were worth $3,424,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of GEV. Caitong International Asset Management Co. Ltd bought a new stake in shares of GE Vernova during the 1st quarter worth approximately $912,000. Pines Wealth Management LLC bought a new stake in shares of GE Vernova during the 2nd quarter worth approximately $408,000. Resona Asset Management Co. Ltd. lifted its stake in shares of GE Vernova by 8.2% during the 1st quarter. Resona Asset Management Co. Ltd. now owns 86,021 shares of the company’s stock worth $26,229,000 after acquiring an additional 6,551 shares during the last quarter. Lockheed Martin Investment Management Co. bought a new stake in shares of GE Vernova during the 1st quarter worth approximately $458,000. Finally, Golden State Wealth Management LLC lifted its stake in shares of GE Vernova by 201.7% during the 1st quarter. Golden State Wealth Management LLC now owns 1,222 shares of the company’s stock worth $373,000 after acquiring an additional 817 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on GEV. Seaport Res Ptn raised GE Vernova to a “strong-buy” rating in a research note on Thursday, July 10th. Melius Research set a $740.00 price target on GE Vernova and gave the stock a “buy” rating in a research note on Monday, September 15th. Royal Bank Of Canada set a $605.00 target price on GE Vernova and gave the company a “sector perform” rating in a research report on Wednesday, October 1st. UBS Group started coverage on GE Vernova in a research report on Monday, July 7th. They set a “buy” rating and a $614.00 target price for the company. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of GE Vernova in a research report on Wednesday, October 8th. Four investment analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $598.65.

GE Vernova Stock Up 7.1%

Shares of NYSE GEV opened at $647.23 on Tuesday. The firm has a market cap of $176.19 billion, a PE ratio of 155.96, a price-to-earnings-growth ratio of 4.38 and a beta of 1.72. GE Vernova Inc. has a twelve month low of $252.25 and a twelve month high of $677.29. The business has a fifty day simple moving average of $619.32 and a two-hundred day simple moving average of $513.65.

GE Vernova (NYSE:GEV) last released its quarterly earnings results on Wednesday, July 23rd. The company reported $1.86 EPS for the quarter, topping the consensus estimate of $1.63 by $0.23. The firm had revenue of $9.11 billion during the quarter, compared to analyst estimates of $8.78 billion. GE Vernova had a return on equity of 13.23% and a net margin of 3.16%.The business’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same period in the previous year, the company posted $4.65 EPS. GE Vernova has set its FY 2025 guidance at EPS. On average, research analysts expect 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 given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend is Monday, October 20th. GE Vernova’s payout ratio is presently 24.10%.

Insider Activity at GE Vernova

In other news, CFO Kenneth Scott Parks sold 3,300 shares of the business’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 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 is accessible through this link. Insiders own 0.15% of the company’s stock.

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.