GE Vernova Inc. $GEV Position Trimmed by American Century Companies Inc.

Key Points

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American Century Companies Inc. decreased its holdings in shares of GE Vernova Inc. (NYSE:GEV - Free Report) by 42.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 331,132 shares of the company's stock after selling 245,413 shares during the quarter. American Century Companies Inc. owned approximately 0.12% of GE Vernova worth $101,088,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of GEV. Brighton Jones LLC raised its stake in GE Vernova by 29.4% during the fourth quarter. Brighton Jones LLC now owns 3,315 shares of the company's stock worth $1,091,000 after acquiring an additional 753 shares during the period. American Assets Inc. acquired a new stake in GE Vernova during the fourth quarter worth about $658,000. Guggenheim Capital LLC raised its stake in GE Vernova by 63.5% during the fourth quarter. Guggenheim Capital LLC now owns 6,077 shares of the company's stock worth $1,999,000 after acquiring an additional 2,361 shares during the period. GeoWealth Management LLC raised its stake in GE Vernova by 22.4% during the fourth quarter. GeoWealth Management LLC now owns 2,448 shares of the company's stock worth $805,000 after acquiring an additional 448 shares during the period. Finally, First Trust Advisors LP raised its stake in GE Vernova by 12.6% during the fourth quarter. First Trust Advisors LP now owns 174,149 shares of the company's stock worth $57,283,000 after acquiring an additional 19,531 shares during the period.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Robert W. Baird raised their price target on shares of GE Vernova from $568.00 to $706.00 and gave the company an "outperform" rating in a research note on Thursday, July 24th. Seaport Res Ptn upgraded shares of GE Vernova to a "strong-buy" rating in a research note on Thursday, July 10th. Guggenheim lowered shares of GE Vernova from a "buy" rating to a "neutral" rating in a research note on Monday, July 28th. Royal Bank Of Canada restated an "outperform" rating on shares of GE Vernova in a research note on Thursday, July 24th. Finally, JPMorgan Chase & Co. raised their price target on shares of GE Vernova from $620.00 to $715.00 and gave the company an "overweight" rating in a research note on Thursday, July 24th. Four investment analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and nine have assigned a Hold rating to the company's stock. According to data from MarketBeat, GE Vernova currently has an average rating of "Moderate Buy" and a consensus price target of $560.21.

GE Vernova Price Performance

Shares of GE Vernova stock traded down $22.9530 on Tuesday, hitting $602.0670. The company had a trading volume of 3,091,325 shares, compared to its average volume of 3,569,285. The business has a 50-day simple moving average of $566.43 and a 200-day simple moving average of $435.65. The company has a market cap of $163.89 billion, a PE ratio of 145.08, a PEG ratio of 4.30 and a beta of 1.90. GE Vernova Inc. has a 52 week low of $173.07 and a 52 week high of $677.29.

GE Vernova (NYSE:GEV - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The company reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.63 by $0.23. The business had revenue of $9.11 billion during the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same period last year, the firm posted $4.65 earnings per share. GE Vernova has set its FY 2025 guidance at EPS. On average, equities research analysts predict that GE Vernova Inc. will post 6.59 earnings per share for the current fiscal year.

GE Vernova Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 18th. Investors of record on Monday, July 21st were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date was Monday, July 21st. GE Vernova's dividend payout ratio (DPR) is presently 24.10%.

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.