596 Shares in GE Vernova Inc. $GEV Acquired by Cultivar Capital Inc.

Cultivar Capital Inc. purchased a new stake in shares of GE Vernova Inc. (NYSE:GEV - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 596 shares of the company's stock, valued at approximately $315,000. GE Vernova makes up approximately 0.2% of Cultivar Capital Inc.'s holdings, making the stock its 27th largest holding.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of GEV. EQ Wealth Advisors LLC acquired a new position in GE Vernova during the first quarter valued at approximately $27,000. IMA Advisory Services Inc. acquired a new position in GE Vernova during the first quarter valued at approximately $27,000. Orion Capital Management LLC acquired a new position in GE Vernova during the fourth quarter valued at approximately $30,000. Mowery & Schoenfeld Wealth Management LLC lifted its position in GE Vernova by 115.2% during the first quarter. Mowery & Schoenfeld Wealth Management LLC now owns 99 shares of the company's stock valued at $30,000 after buying an additional 53 shares in the last quarter. Finally, 1248 Management LLC acquired a new position in GE Vernova during the first quarter valued at approximately $31,000.

Analyst Ratings Changes

A number of brokerages have weighed in on GEV. Mizuho cut shares of GE Vernova from an "outperform" rating to a "neutral" rating and set a $670.00 price target on the stock. in a research report on Monday, July 28th. Glj Research initiated coverage on shares of GE Vernova in a research note on Monday, June 23rd. They set a "buy" rating on the stock. Royal Bank Of Canada reiterated an "outperform" rating on shares of GE Vernova in a research note on Thursday, July 24th. Wells Fargo & Company lifted their price objective on shares of GE Vernova from $474.00 to $697.00 and gave the company an "overweight" rating in a research note on Thursday, July 24th. Finally, Citigroup lifted their price objective on shares of GE Vernova from $544.00 to $670.00 and gave the company a "neutral" rating in a research note on Thursday, July 24th. Four investment analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $580.04.

GE Vernova Trading Down 1.3%

Shares of NYSE:GEV opened at $625.99 on Monday. The company has a fifty day simple moving average of $608.65 and a 200 day simple moving average of $469.09. The firm has a market cap of $170.41 billion, a PE ratio of 150.84, a price-to-earnings-growth ratio of 4.32 and a beta of 1.88. GE Vernova Inc. has a 12-month low of $219.01 and a 12-month high of $677.29.

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

GE Vernova Announces Dividend

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

Insider Buying and Selling

In other GE Vernova news, CFO Kenneth Scott Parks sold 3,300 shares of GE Vernova stock in a transaction 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 completion of the transaction, the chief financial officer owned 7,590 shares of the company's stock, valued at $4,705,800. The trade was a 30.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.15% of the stock is currently owned by corporate insiders.

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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