CapWealth Advisors LLC Has $25.40 Million Holdings in GE Vernova Inc. $GEV

Key Points

• CapWealth Advisors LLC reduced its holdings in GE Vernova Inc. by 1.0% during Q2, bringing its total investment to $25.40 million or 2.5% of its overall portfolio.
• GE Vernova recently reported earnings of $1.86 per share, exceeding analysts' estimates and demonstrating an 11.1% year-over-year revenue increase.
• The company announced a quarterly dividend of $0.25 per share, with an ex-dividend date of October 20th, representing a 0.2% dividend yield.

CapWealth Advisors LLC lowered its position in shares of GE Vernova Inc. (NYSE:GEV - Free Report) by 1.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 47,998 shares of the company's stock after selling 467 shares during the quarter. GE Vernova accounts for about 2.5% of CapWealth Advisors LLC's holdings, making the stock its 12th largest position. CapWealth Advisors LLC's holdings in GE Vernova were worth $25,398,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. EQ Wealth Advisors LLC acquired a new stake in shares of GE Vernova during the 1st quarter valued at $27,000. IMA Advisory Services Inc. acquired a new stake in shares of GE Vernova during the 1st quarter valued at $27,000. Mowery & Schoenfeld Wealth Management LLC boosted its stake in shares of GE Vernova by 115.2% during 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 during the period. 1248 Management LLC acquired a new stake in shares of GE Vernova during the 1st quarter valued at $31,000. Finally, Saudi Central Bank acquired a new stake in shares of GE Vernova during the 1st quarter valued at $33,000.

GE Vernova Trading Down 0.4%

NYSE GEV opened at $599.62 on Friday. The company has a fifty day simple moving average of $616.42 and a 200 day simple moving average of $519.27. The company has a market cap of $163.23 billion, a P/E ratio of 144.49, a P/E/G ratio of 4.36 and a beta of 1.72. GE Vernova Inc. has a 1 year low of $252.25 and a 1 year high of $677.29.

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

GE Vernova Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 17th. Investors of record on Monday, October 20th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend 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%.

Insiders Place Their Bets

In other GE Vernova news, CFO Kenneth Scott Parks sold 3,300 shares of the 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 completion of the sale, the chief financial officer directly owned 7,590 shares of the company's stock, valued at $4,705,800. This represents a 30.30% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.15% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on GEV shares. Melius raised shares of GE Vernova from a "hold" rating to a "buy" rating and set a $740.00 target price for the company in a research note on Monday, September 15th. Wall Street Zen lowered shares of GE Vernova from a "buy" rating to a "hold" rating in a research note on Saturday, July 26th. UBS Group initiated coverage on shares of GE Vernova in a research note on Monday, July 7th. They set a "buy" rating and a $614.00 target price for the company. JPMorgan Chase & Co. boosted their target price on shares of GE Vernova from $620.00 to $715.00 and gave the stock an "overweight" rating in a research report on Thursday, July 24th. 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 report on Wednesday, October 1st. Four investment 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 assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $592.61.

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.

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