Southland Equity Partners LLC Acquires Shares of 539 GE Vernova Inc. $GEV

Key Points

• Southland Equity Partners LLC acquired 539 shares of GE Vernova Inc. for approximately $285,000 in the second quarter, signaling increased institutional interest in the company.
• Multiple firms have significantly increased their holdings in GE Vernova, with GAMMA Investing LLC's stake rising by over 32,984%, reflecting strong investor confidence.
• Wall Street analysts have upgraded their price forecasts for GE Vernova, with JPMorgan Chase raising its target from $620.00 to $715.00, indicating optimism about the company's growth potential.

Southland Equity Partners LLC 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 Form 13F filing with the SEC. The fund purchased 539 shares of the company's stock, valued at approximately $285,000.

A number of other institutional investors also recently modified their holdings of GEV. GAMMA Investing LLC raised its holdings in shares of GE Vernova by 32,984.2% during the 1st quarter. GAMMA Investing LLC now owns 2,141,539 shares of the company's stock worth $653,769,000 after buying an additional 2,135,066 shares in the last quarter. AQR Capital Management LLC grew its position in shares of GE Vernova by 252.9% in the 1st quarter. AQR Capital Management LLC now owns 1,245,420 shares of the company's stock valued at $366,016,000 after buying an additional 892,549 shares during the last quarter. Amundi lifted its stake in shares of GE Vernova by 109.0% in the 1st quarter. Amundi now owns 1,665,980 shares of the company's stock valued at $496,013,000 after purchasing an additional 868,927 shares during the period. Assenagon Asset Management S.A. lifted its stake in shares of GE Vernova by 10,044.9% in the 2nd quarter. Assenagon Asset Management S.A. now owns 842,433 shares of the company's stock valued at $445,773,000 after purchasing an additional 834,129 shares during the period. Finally, TD Asset Management Inc lifted its stake in shares of GE Vernova by 627.2% in the 1st quarter. TD Asset Management Inc now owns 926,842 shares of the company's stock valued at $282,946,000 after purchasing an additional 799,388 shares during the period.

Insider Activity at GE Vernova

In related 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 transaction 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.15% of the company's stock.

Analyst Ratings Changes

GEV has been the topic of a number of research reports. BMO Capital Markets upped their price target on GE Vernova from $590.00 to $690.00 and gave the stock an "outperform" rating in a research note on Thursday, July 24th. Citigroup upped their price target on GE Vernova from $544.00 to $670.00 and gave the stock a "neutral" rating in a research note on Thursday, July 24th. Bank of America upped their price target on GE Vernova from $550.00 to $620.00 and gave the stock a "buy" rating in a research note on Thursday, July 17th. UBS Group initiated coverage on GE Vernova in a research note on Monday, July 7th. They set a "buy" rating and a $614.00 price target on the stock. Finally, Jefferies Financial Group upped their price target on GE Vernova from $658.00 to $668.00 and gave the stock a "hold" rating in a research note on Friday, September 12th. Four analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat, GE Vernova has an average rating of "Moderate Buy" and an average target price of $592.35.

GE Vernova Stock Performance

NYSE:GEV traded up $13.61 during trading hours on Friday, reaching $624.61. The stock had a trading volume of 4,104,917 shares, compared to its average volume of 2,758,330. GE Vernova Inc. has a 12-month low of $242.25 and a 12-month high of $677.29. The stock has a 50 day simple moving average of $617.11 and a 200 day simple moving average of $479.75. The stock has a market cap of $170.03 billion, a P/E ratio of 150.51, a price-to-earnings-growth ratio of 4.55 and a beta of 1.88.

GE Vernova (NYSE:GEV - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The company reported $1.86 EPS for the quarter, topping analysts' consensus estimates 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% on a year-over-year basis. During the same period last year, the company earned $4.65 earnings per share. GE Vernova has set its FY 2025 guidance at EPS. On average, equities analysts expect that GE Vernova Inc. will post 6.59 earnings per share for the current fiscal year.

GE Vernova Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 18th. Stockholders of record on Monday, July 21st were issued a $0.25 dividend. The ex-dividend date was Monday, July 21st. This represents a $1.00 annualized dividend and a dividend yield of 0.2%. GE Vernova's payout ratio is currently 24.10%.

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.