Aptus Capital Advisors LLC Grows Holdings in GE Vernova Inc. $GEV

Key Points

• Aptus Capital Advisors LLC increased its stake in GE Vernova Inc. by 16.2%, holding a total of 3,742 shares valued at approximately $1.14 million.
• Several institutional investors significantly raised their holdings in GE Vernova, with GAMMA Investing LLC reporting an increase of 32,984.2% to about 2.14 million shares valued at $653.77 million.
• Wall Street analysts have a positive outlook on GE Vernova, with multiple firms boosting the stock's target price and an average rating of "Moderate Buy" established across several reports.

Aptus Capital Advisors LLC raised its position in GE Vernova Inc. (NYSE:GEV - Free Report) by 16.2% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 3,742 shares of the company's stock after buying an additional 521 shares during the quarter. Aptus Capital Advisors LLC's holdings in GE Vernova were worth $1,142,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the company. Westover Capital Advisors LLC increased its stake in GE Vernova by 2.3% in the 1st quarter. Westover Capital Advisors LLC now owns 1,130 shares of the company's stock valued at $345,000 after buying an additional 25 shares during the period. Stonebridge Financial Group LLC increased its stake in GE Vernova by 8.9% in the 1st quarter. Stonebridge Financial Group LLC now owns 344 shares of the company's stock valued at $105,000 after buying an additional 28 shares during the period. Whittier Trust Co. of Nevada Inc. increased its stake in GE Vernova by 0.4% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 8,510 shares of the company's stock valued at $2,598,000 after buying an additional 30 shares during the period. Hemington Wealth Management increased its stake in GE Vernova by 20.3% in the 1st quarter. Hemington Wealth Management now owns 178 shares of the company's stock valued at $54,000 after buying an additional 30 shares during the period. Finally, Fulcrum Equity Management increased its stake in GE Vernova by 3.6% in the 4th quarter. Fulcrum Equity Management now owns 886 shares of the company's stock valued at $291,000 after buying an additional 31 shares during the period.

Analyst Ratings Changes

GEV has been the topic of a number of recent analyst reports. The Goldman Sachs Group upped their price target on shares of GE Vernova from $500.00 to $570.00 and gave the stock a "buy" rating in a research note on Tuesday, June 10th. Wells Fargo & Company upped their price target on shares of GE Vernova from $474.00 to $697.00 and gave the stock an "overweight" rating in a research note on Thursday, July 24th. 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 reaffirmed an "outperform" rating on shares of GE Vernova in a research note on Thursday, July 24th. Finally, Guggenheim cut shares of GE Vernova from a "buy" rating to a "neutral" rating in a research note on Monday, July 28th. Four 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. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $560.21.

GE Vernova Stock Performance

NYSE GEV traded up $0.1210 during trading hours on Friday, reaching $606.1210. The company's stock had a trading volume of 2,724,290 shares, compared to its average volume of 2,615,281. The stock has a market cap of $165.00 billion, a PE ratio of 125.17, a PEG ratio of 4.20 and a beta of 1.90. GE Vernova Inc. has a fifty-two week low of $173.07 and a fifty-two week high of $677.29. The company's 50-day moving average is $576.57 and its two-hundred day moving average is $441.37.

GE Vernova (NYSE:GEV - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The company reported $1.86 EPS for the quarter, beating analysts' consensus estimates of $1.63 by $0.23. The firm 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 firm's revenue was up 11.1% on a year-over-year basis. During the same period in the prior year, the company earned $4.65 EPS. GE Vernova has set its FY 2025 guidance at EPS. Equities analysts expect that GE Vernova Inc. will post 6.59 earnings per share for the current fiscal year.

GE Vernova Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 18th. Investors of record on Monday, July 21st were paid 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 dividend payout ratio 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.