3,075 Shares in GE Vernova Inc. $GEV Bought by Kampmann Melissa S.

Kampmann Melissa S. purchased a new position in shares of GE Vernova Inc. (NYSE:GEV - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 3,075 shares of the company's stock, valued at approximately $1,627,000.

A number of other large investors have also recently bought and sold shares of GEV. EQ Wealth Advisors LLC acquired a new stake in GE Vernova during the 1st quarter worth $27,000. IMA Advisory Services Inc. acquired a new stake in GE Vernova during the 1st quarter worth $27,000. Mowery & Schoenfeld Wealth Management LLC boosted its stake in GE Vernova by 115.2% during the 1st 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 GE Vernova during the 1st quarter worth $31,000. Finally, Saudi Central Bank acquired a new stake in GE Vernova during the 1st quarter worth $33,000.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on GEV shares. Wolfe Research downgraded shares of GE Vernova from an "outperform" rating to a "peer perform" rating in a report on Friday, June 13th. Mizuho cut shares of GE Vernova from an "outperform" rating to a "neutral" rating and set a $670.00 price target for the company. in a report on Monday, July 28th. Morgan Stanley increased their price target on shares of GE Vernova from $511.00 to $675.00 and gave the stock an "overweight" rating in a report on Thursday, July 24th. Melius Research set a $740.00 price target on shares of GE Vernova and gave the stock a "buy" rating in a report on Monday, September 15th. Finally, Guggenheim cut shares of GE Vernova from a "buy" rating to a "neutral" rating in a report on Monday, July 28th. Four analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat.com, GE Vernova currently has a consensus rating of "Moderate Buy" and a consensus price target of $598.50.

Insider Activity at GE Vernova

In other news, CFO Kenneth Scott Parks sold 3,300 shares of the stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $620.00, for a total value of $2,046,000.00. Following the sale, the chief financial officer directly owned 7,590 shares in the company, valued at $4,705,800. This represents a 30.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.15% of the stock is owned by corporate insiders.

GE Vernova Trading Up 3.2%

Shares of GEV opened at $625.47 on Thursday. The firm's 50-day moving average is $621.18 and its two-hundred day moving average is $504.60. GE Vernova Inc. has a twelve month low of $252.25 and a twelve month high of $677.29. The firm has a market capitalization of $170.27 billion, a P/E ratio of 150.72, a PEG ratio of 4.41 and a beta of 1.72.

GE Vernova (NYSE:GEV - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The company reported $1.86 earnings per share for the quarter, topping the consensus estimate of $1.63 by $0.23. GE Vernova had a net margin of 3.16% and a return on equity of 13.23%. The company had revenue of $9.11 billion for the quarter, compared to analyst estimates of $8.78 billion. During the same period in the prior year, the business posted $4.65 earnings per share. The firm's revenue for the quarter was up 11.1% compared to the same quarter last year. GE Vernova has set its FY 2025 guidance at EPS. Analysts predict that GE Vernova Inc. will post 6.59 EPS for the current year.

GE Vernova Dividend Announcement

The firm 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. The ex-dividend date is Monday, October 20th. This represents a $1.00 annualized dividend and a dividend yield of 0.2%. GE Vernova's dividend payout ratio is currently 24.10%.

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.

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