GE Vernova Inc. $GEV Shares Purchased by Brooklyn Investment Group

Key Points

• Brooklyn Investment Group has increased its stake in GE Vernova Inc. by 55.5%, now holding shares worth $645,000 after purchasing additional shares in the 1st quarter.
• Several institutional investors, including Vanguard Group and Goldman Sachs, have also increased their stakes in GE Vernova, highlighting strong institutional interest in the company.
• Analysts have raised price targets for GE Vernova, with firms like Citigroup and Barclays increasing their price objectives to $670.00 and $706.00 respectively, indicating a generally positive outlook for the stock.

Brooklyn Investment Group increased its stake in GE Vernova Inc. (NYSE:GEV - Free Report) by 55.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,113 shares of the company's stock after acquiring an additional 754 shares during the period. Brooklyn Investment Group's holdings in GE Vernova were worth $645,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Brighton Jones LLC raised its stake in GE Vernova by 29.4% in the fourth quarter. Brighton Jones LLC now owns 3,315 shares of the company's stock valued at $1,091,000 after buying an additional 753 shares in the last quarter. American Assets Inc. acquired a new stake in GE Vernova in the fourth quarter valued at $658,000. Guggenheim Capital LLC raised its stake in GE Vernova by 63.5% in the fourth quarter. Guggenheim Capital LLC now owns 6,077 shares of the company's stock valued at $1,999,000 after buying an additional 2,361 shares in the last quarter. First Trust Advisors LP raised its stake in GE Vernova by 12.6% in the fourth quarter. First Trust Advisors LP now owns 174,149 shares of the company's stock valued at $57,283,000 after buying an additional 19,531 shares in the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S acquired a new stake in GE Vernova in the fourth quarter valued at $3,546,000.

GE Vernova Trading Up 1.4%

Shares of NYSE GEV traded up $8.7560 during midday trading on Friday, reaching $614.7560. 1,338,327 shares of the company were exchanged, compared to its average volume of 3,548,641. GE Vernova Inc. has a 1 year low of $173.07 and a 1 year high of $677.29. The stock has a fifty day simple moving average of $574.01 and a 200 day simple moving average of $439.65. The stock has a market cap of $167.35 billion, a P/E ratio of 148.13, a PEG ratio of 4.18 and a beta of 1.90.

GE Vernova (NYSE:GEV - Get Free Report) last announced 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 during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter last year, the firm earned $4.65 earnings per share. GE Vernova has set its FY 2025 guidance at EPS. As a group, analysts forecast that GE Vernova Inc. will post 6.59 earnings per share for the current year.

GE Vernova Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 18th. Stockholders of record on Monday, July 21st were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date was Monday, July 21st. GE Vernova's dividend payout ratio (DPR) is presently 24.10%.

Analyst Ratings Changes

GEV has been the topic of several research reports. The Goldman Sachs Group raised their price objective on GE Vernova from $500.00 to $570.00 and gave the stock a "buy" rating in a report on Tuesday, June 10th. Jefferies Financial Group lowered GE Vernova from a "buy" rating to a "hold" rating and raised their price objective for the stock from $427.00 to $517.00 in a report on Thursday, May 29th. Glj Research initiated coverage on GE Vernova in a report on Monday, June 23rd. They set a "buy" rating on the stock. Morgan Stanley raised their price objective on GE Vernova from $511.00 to $675.00 and gave the stock an "overweight" rating in a report on Thursday, July 24th. Finally, Mizuho lowered GE Vernova from an "outperform" rating to a "neutral" rating and set a $670.00 price objective on the stock. in a report on Monday, July 28th. Four analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, GE Vernova has an average rating of "Moderate Buy" and an average target price of $560.21.

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.