Bowman & Co S.C. Acquires New Position in GE Vernova Inc. $GEV

Key Points

• Bowman & Co S.C. has acquired 2,689 shares of GE Vernova Inc. during the second quarter, which is valued at approximately $1.42 million.
• Several large investors, including GAMMA Investing LLC, have significantly increased their holdings in GE Vernova, with GAMMA's stake rising by 32,984.2% to 2,141,539 shares valued at $653.77 million.
• GE Vernova reported a net revenue of $9.11 billion for the last quarter, exceeding expectations and representing an 11.1% year-over-year increase.

Bowman & Co S.C. acquired a new stake in shares of GE Vernova Inc. (NYSE:GEV - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 2,689 shares of the company's stock, valued at approximately $1,423,000.

A number of other large investors also recently modified their holdings of GEV. GAMMA Investing LLC raised its holdings in shares of GE Vernova by 32,984.2% during the 1st quarter. GAMMA Investing LLC now owns 2,141,539 shares of the company's stock valued at $653,769,000 after buying an additional 2,135,066 shares in the last quarter. AQR Capital Management LLC raised its holdings in shares of GE Vernova by 252.9% during the 1st quarter. AQR Capital Management LLC now owns 1,245,420 shares of the company's stock valued at $366,016,000 after buying an additional 892,549 shares in the last quarter. Amundi raised its holdings in shares of GE Vernova by 109.0% during the 1st quarter. Amundi now owns 1,665,980 shares of the company's stock valued at $496,013,000 after buying an additional 868,927 shares in the last quarter. TD Asset Management Inc raised its holdings in shares of 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 buying an additional 799,388 shares in the last quarter. Finally, Nuveen LLC purchased a new position in GE Vernova in the 1st quarter worth approximately $223,556,000.

GE Vernova Stock Up 0.4%

NYSE GEV opened at $628.09 on Tuesday. GE Vernova Inc. has a twelve month low of $225.24 and a twelve month high of $677.29. The firm has a market capitalization of $170.98 billion, a PE ratio of 151.35, a P/E/G ratio of 4.32 and a beta of 1.87. The stock's 50 day moving average is $610.59 and its 200 day moving average is $471.14.

GE Vernova (NYSE:GEV - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The company reported $1.86 earnings per share for the quarter, beating 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 company had revenue of $9.11 billion for the quarter, compared to analyst estimates of $8.78 billion. During the same period in the previous year, the company posted $4.65 earnings per share. The firm's revenue was up 11.1% on a year-over-year basis. GE Vernova has set its FY 2025 guidance at EPS. On average, research analysts anticipate that GE Vernova Inc. will post 6.59 earnings per share for the current year.

GE Vernova Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, August 18th. Shareholders of record on Monday, July 21st were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend was Monday, July 21st. GE Vernova's payout ratio is 24.10%.

Insider Buying and Selling

In other GE Vernova news, CFO Kenneth Scott Parks sold 3,300 shares of the business's stock in a transaction on Tuesday, August 26th. The stock was 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.15% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on GEV. Jefferies Financial Group lifted their price target on GE Vernova from $658.00 to $668.00 and gave the stock a "hold" rating in a research note on Friday. Mizuho cut GE Vernova from an "outperform" rating to a "neutral" rating and set a $670.00 price target on the stock. in a research note on Monday, July 28th. Robert W. Baird lifted their price target on GE Vernova from $568.00 to $706.00 and gave the stock an "outperform" rating in a research note on Thursday, July 24th. Wells Fargo & Company lifted their price target on GE Vernova from $474.00 to $697.00 and gave the stock an "overweight" rating in a research note on Thursday, July 24th. Finally, Wall Street Zen cut GE Vernova from a "buy" rating to a "hold" rating in a research note on Saturday, July 26th. Four investment analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and nine have issued a Hold rating to the company's stock. According to MarketBeat.com, GE Vernova presently has a consensus rating of "Moderate Buy" and an average target price of $592.35.

GE Vernova 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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