Ancora Advisors LLC Boosts Stock Holdings in GE Vernova Inc. $GEV

Key Points

• Ancora Advisors LLC increased its stake in GE Vernova Inc. by 22.9%, now holding 2,968 shares worth $906,000 as of the latest SEC filing.
• Several institutional investors have made significant adjustments to their positions, including Amundi, which raised its stake by 109.0%, amassing a total of 1,665,980 shares valued at approximately $496 million.
• GE Vernova has been rated positively by several analysts, with a consensus rating of "Moderate Buy" and a target price of $573.75, despite a downgrade by Guggenheim from "buy" to "neutral".

Ancora Advisors LLC increased its holdings in GE Vernova Inc. (NYSE:GEV - Free Report) by 22.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,968 shares of the company's stock after acquiring an additional 554 shares during the quarter. Ancora Advisors LLC's holdings in GE Vernova were worth $906,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Amundi boosted its stake in shares of GE Vernova by 109.0% during the first 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 in the last quarter. 11 Capital Partners LP lifted its holdings in GE Vernova by 136.4% in the 1st quarter. 11 Capital Partners LP now owns 95,366 shares of the company's stock valued at $29,113,000 after purchasing an additional 55,018 shares in the last quarter. Adage Capital Partners GP L.L.C. lifted its position in GE Vernova by 46.3% during the 1st quarter. Adage Capital Partners GP L.L.C. now owns 212,673 shares of the company's stock worth $64,925,000 after acquiring an additional 67,264 shares in the last quarter. Federation des caisses Desjardins du Quebec boosted its stake in GE Vernova by 23.6% during the 1st quarter. Federation des caisses Desjardins du Quebec now owns 21,708 shares of the company's stock valued at $6,627,000 after purchasing an additional 4,149 shares during the period. Finally, Appian Way Asset Management LP purchased a new position in shares of GE Vernova during the first quarter valued at $1,221,000.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Wall Street Zen lowered shares of GE Vernova from a "buy" rating to a "hold" rating in a research note on Saturday, July 26th. Robert W. Baird boosted their price target on shares of GE Vernova from $568.00 to $706.00 and gave the company an "outperform" rating in a research report on Thursday, July 24th. BMO Capital Markets lifted their target price on GE Vernova from $590.00 to $690.00 and gave the stock an "outperform" rating in a report on Thursday, July 24th. The Goldman Sachs Group raised their price target on shares of GE Vernova from $500.00 to $570.00 and gave the stock a "buy" rating in a report on Tuesday, June 10th. Finally, Susquehanna upped their price objective on shares of GE Vernova from $662.00 to $736.00 and gave the stock a "positive" rating in a report on Thursday, July 24th. Four equities research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and nine have issued a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $573.75.

Insider Activity at GE Vernova

In related news, CFO Kenneth Scott Parks sold 3,300 shares of GE Vernova 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 completion of 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.15% of the company's stock.

GE Vernova Price Performance

Shares of NYSE:GEV traded up $18.01 during midday trading on Monday, reaching $600.09. The company's stock had a trading volume of 1,893,551 shares, compared to its average volume of 3,516,906. The company has a market capitalization of $163.36 billion, a P/E ratio of 144.59, a P/E/G ratio of 4.02 and a beta of 1.88. The business's fifty day simple moving average is $597.95 and its 200-day simple moving average is $458.69. GE Vernova Inc. has a fifty-two week low of $197.38 and a fifty-two week high of $677.29.

GE Vernova (NYSE:GEV - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The company reported $1.86 EPS for the quarter, topping the consensus estimate of $1.63 by $0.23. The company had revenue of $9.11 billion for 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 for the quarter was up 11.1% on a year-over-year basis. During the same period last year, the firm earned $4.65 earnings per share. GE Vernova has set its FY 2025 guidance at EPS. On average, analysts forecast 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 paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend was Monday, July 21st. GE Vernova's dividend payout ratio (DPR) is presently 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.