544 Shares in GE Vernova Inc. $GEV Bought by Courage Miller Partners LLC

Key Points

• Courage Miller Partners LLC acquired 544 shares of GE Vernova Inc. for around $288,000 in the second quarter, signaling growing interest from hedge funds.
• Brokerages have updated their price targets for GEV, with Bank of America increasing it from $550 to $620, while Jefferies raised theirs from $658 to $668, reflecting positive sentiment from multiple analysts.
• GE Vernova has declared a quarterly dividend of $0.25 per share, with an ex-dividend date set for October 20th, indicating ongoing returns for investors despite recent share price fluctuations.

Courage Miller Partners LLC bought a new position in GE Vernova Inc. (NYSE:GEV - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 544 shares of the company's stock, valued at approximately $288,000.

Other hedge funds have also added to or reduced their stakes in the company. EQ Wealth Advisors LLC bought a new stake in GE Vernova in the first quarter worth $27,000. IMA Advisory Services Inc. purchased a new position in shares of GE Vernova in the first quarter valued at about $27,000. Mowery & Schoenfeld Wealth Management LLC increased its position in shares of GE Vernova by 115.2% in the first quarter. Mowery & Schoenfeld Wealth Management LLC now owns 99 shares of the company's stock valued at $30,000 after acquiring an additional 53 shares during the period. 1248 Management LLC purchased a new position in shares of GE Vernova in the first quarter valued at about $31,000. Finally, Saudi Central Bank purchased a new position in shares of GE Vernova in the first quarter valued at about $33,000.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on GEV. Jefferies Financial Group boosted their price target on shares of GE Vernova from $658.00 to $668.00 and gave the company a "hold" rating in a research report on Friday, September 12th. Citigroup upped their target price on shares of 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 target price on shares of GE Vernova from $550.00 to $620.00 and gave the stock a "buy" rating in a research note on Thursday, July 17th. Robert W. Baird upped their target price on shares of GE Vernova from $568.00 to $706.00 and gave the stock an "outperform" rating in a research note on Thursday, July 24th. Finally, Wall Street Zen downgraded shares of GE Vernova from a "buy" rating to a "hold" rating in a research note on Saturday, July 26th. Four analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $598.50.

Insider Activity at GE Vernova

In other news, CFO Kenneth Scott Parks sold 3,300 shares of the firm's stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $620.00, for a total transaction 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 trade represents 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 hyperlink. 0.15% of the stock is owned by insiders.

GE Vernova Stock Down 4.4%

Shares of GE Vernova stock opened at $606.30 on Monday. The company has a market cap of $165.05 billion, a price-to-earnings ratio of 146.10, a price-to-earnings-growth ratio of 4.38 and a beta of 1.72. The company's 50 day moving average is $619.64 and its 200 day moving average is $511.24. GE Vernova Inc. has a twelve month low of $252.25 and a twelve month high of $677.29.

GE Vernova (NYSE:GEV - Get Free Report) last released its quarterly 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 business had revenue of $9.11 billion for the quarter, compared to the consensus estimate of $8.78 billion. During the same period last year, the firm earned $4.65 earnings per share. The company's quarterly revenue was up 11.1% on a year-over-year basis. GE Vernova has set its FY 2025 guidance at EPS. Sell-side analysts expect that GE Vernova Inc. will post 6.59 EPS for the current fiscal year.

GE Vernova Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 17th. Shareholders 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 yield of 0.2%. GE Vernova's dividend payout ratio (DPR) is presently 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.

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