Blair William & Co. IL Has $334.85 Million Holdings in GE Vernova Inc. $GEV

Blair William & Co. IL raised its stake in GE Vernova Inc. (NYSE:GEV - Free Report) by 79.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 632,806 shares of the company's stock after purchasing an additional 279,604 shares during the period. GE Vernova accounts for approximately 0.9% of Blair William & Co. IL's investment portfolio, making the stock its 21st biggest position. Blair William & Co. IL owned approximately 0.23% of GE Vernova worth $334,849,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. EQ Wealth Advisors LLC acquired a new stake in GE Vernova during the first quarter worth approximately $27,000. IMA Advisory Services Inc. acquired a new position in GE Vernova in the 1st quarter valued at $27,000. Mowery & Schoenfeld Wealth Management LLC grew its holdings in GE Vernova by 115.2% in the 1st 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. 1248 Management LLC bought a new stake in shares of GE Vernova in the first quarter valued at about $31,000. Finally, Saudi Central Bank bought a new stake in shares of GE Vernova in the first quarter valued at about $33,000.

Insider Activity at GE Vernova

In other news, CFO Kenneth Scott Parks sold 3,300 shares of the company's 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 sale, the chief financial officer directly owned 7,590 shares of the company's stock, valued at approximately $4,705,800. This represents a 30.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.15% of the company's stock.

GE Vernova Stock Up 3.2%

Shares of GE Vernova stock opened at $625.47 on Thursday. The stock has a market cap of $170.27 billion, a price-to-earnings ratio of 150.72, a P/E/G ratio of 4.41 and a beta of 1.72. GE Vernova Inc. has a twelve month low of $252.25 and a twelve month high of $677.29. The company's fifty day moving average is $621.18 and its 200 day moving average is $504.60.

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. GE Vernova had a return on equity of 13.23% and a net margin of 3.16%.The firm 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 business earned $4.65 EPS. The business's quarterly revenue was up 11.1% compared to the same quarter last year. GE Vernova has set its FY 2025 guidance at EPS. As a group, equities analysts anticipate that GE Vernova Inc. will post 6.59 earnings per share for the current fiscal year.

GE Vernova Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, November 17th. Shareholders of record on Monday, October 20th will be given 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 of this dividend is Monday, October 20th. GE Vernova's dividend payout ratio is currently 24.10%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on GEV. Wells Fargo & Company lifted their price objective 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 increased their price target on GE Vernova from $544.00 to $670.00 and gave the stock a "neutral" rating in a research report on Thursday, July 24th. Melius Research set a $740.00 target price on GE Vernova and gave the company a "buy" rating in a research report on Monday, September 15th. Susquehanna boosted their price target on GE Vernova from $662.00 to $736.00 and gave the company a "positive" rating in a research note on Thursday, July 24th. Finally, Melius raised GE Vernova from a "hold" rating to a "buy" rating and set a $740.00 price target for the company in a research note on Monday, September 15th. Four analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $598.50.

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.

Want to see what other hedge funds are holding GEV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for GE Vernova Inc. (NYSE:GEV - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.