Aull & Monroe Investment Management Corp Takes Position in GE Vernova Inc. $GEV

Key Points

• Aull & Monroe Investment Management Corp acquired a new stake in GE Vernova Inc., purchasing 532 shares valued at approximately $282,000 during the second quarter of the year.
• Several institutional investors have significantly increased their stakes in GE Vernova, with notable increases including a 252.9% boost by AQR Capital Management and a 10,044.9% increase from Assenagon Asset Management in the second quarter.
• GE Vernova recently declared a quarterly dividend of $0.25 per share, scheduled for payment on November 17th, which indicates a dividend yield of 0.2%.

Aull & Monroe Investment Management Corp bought a new stake in GE Vernova Inc. (NYSE:GEV - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 532 shares of the company's stock, valued at approximately $282,000.

Several other institutional investors have also modified their holdings of GEV. AQR Capital Management LLC grew its position in shares of GE Vernova by 252.9% in the first quarter. AQR Capital Management LLC now owns 1,245,420 shares of the company's stock valued at $366,016,000 after purchasing an additional 892,549 shares during the period. Amundi lifted its stake in shares of GE Vernova by 109.0% in the first quarter. Amundi now owns 1,665,980 shares of the company's stock worth $496,013,000 after buying an additional 868,927 shares in the last quarter. Assenagon Asset Management S.A. boosted its position in GE Vernova by 10,044.9% during the second quarter. Assenagon Asset Management S.A. now owns 842,433 shares of the company's stock worth $445,773,000 after acquiring an additional 834,129 shares during the last quarter. TD Asset Management Inc grew its stake in GE Vernova by 627.2% during the 1st quarter. TD Asset Management Inc now owns 926,842 shares of the company's stock valued at $282,946,000 after acquiring an additional 799,388 shares in the last quarter. Finally, Nuveen LLC acquired a new stake in GE Vernova in the 1st quarter valued at about $223,556,000.

Wall Street Analyst Weigh In

GEV has been the topic of a number of research reports. Rothschild & Co Redburn reissued a "sell" rating and issued a $475.00 target price on shares of GE Vernova in a research note on Wednesday. Wells Fargo & Company raised their target price 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. Citigroup raised 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. Melius Research set a $740.00 target price on shares of GE Vernova and gave the stock a "buy" rating in a research note on Monday, September 15th. Finally, Royal Bank Of Canada set a $605.00 target price on shares of GE Vernova and gave the stock a "sector perform" rating in a research note on Wednesday, October 1st. Four research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, GE Vernova has an average rating of "Moderate Buy" and an average price target of $592.61.

Insider Activity

In other news, CFO Kenneth Scott Parks sold 3,300 shares of the business's 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 sale, the chief financial officer directly owned 7,590 shares of the company's stock, valued at approximately $4,705,800. The trade was a 30.30% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.15% of the company's stock.

GE Vernova Price Performance

Shares of GEV stock opened at $599.62 on Friday. The firm's 50-day moving average is $616.42 and its two-hundred day moving average is $520.58. GE Vernova Inc. has a 12 month low of $252.25 and a 12 month high of $677.29. The company has a market capitalization of $163.23 billion, a PE ratio of 144.49, a price-to-earnings-growth ratio of 4.35 and a beta of 1.72.

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

GE Vernova Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 17th. Stockholders of record on Monday, October 20th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend is Monday, October 20th. GE Vernova's payout ratio is 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.

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