Curated Wealth Partners LLC Takes Position in GE Vernova Inc. $GEV

Key Points

• Curated Wealth Partners LLC purchased 779 shares of GE Vernova Inc. valued at approximately $412,000 during the second quarter, marking a new stake in the company.
• Brokerages have recently upgraded GE Vernova's rating, with Melius upgrading it to a "buy" and setting a price target of $740.00, while Citigroup raised its target from $544.00 to $670.00.
• GE Vernova is paying a quarterly dividend of $0.25 on November 17th, with a dividend yield of 0.2% and a payout ratio of 24.10%.

Curated Wealth Partners LLC bought a new stake in GE Vernova Inc. (NYSE:GEV - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 779 shares of the company's stock, valued at approximately $412,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. AQR Capital Management LLC grew its stake in shares of GE Vernova by 252.9% in 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 grew its position in 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 acquiring an additional 868,927 shares in the last quarter. Assenagon Asset Management S.A. grew its position in GE Vernova by 10,044.9% in 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 in the last quarter. TD Asset Management Inc grew its position in GE Vernova by 627.2% in the first quarter. TD Asset Management Inc now owns 926,842 shares of the company's stock worth $282,946,000 after acquiring an additional 799,388 shares in the last quarter. Finally, Nuveen LLC bought a new stake in GE Vernova in the first quarter worth approximately $223,556,000.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on GEV. Melius upgraded shares of GE Vernova from a "hold" rating to a "buy" rating and set a $740.00 price objective for the company in a report on Monday, September 15th. Seaport Res Ptn upgraded GE Vernova to a "strong-buy" rating in a research note on Thursday, July 10th. Bank of America upped their price target on GE Vernova from $550.00 to $620.00 and gave the stock a "buy" rating in a research note on Thursday, July 17th. Citigroup upped their target price on GE Vernova from $544.00 to $670.00 and gave the stock a "neutral" rating in a research report on Thursday, July 24th. Finally, Robert W. Baird upped their target price on GE Vernova from $568.00 to $706.00 and gave the stock an "outperform" rating in a research report on Thursday, July 24th. Four investment analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $598.65.

Insider Buying and Selling at GE Vernova

In other GE Vernova news, CFO Kenneth Scott Parks sold 3,300 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the chief financial officer owned 7,590 shares in the company, valued at approximately $4,705,800. This trade represents a 30.30% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.15% of the company's stock.

GE Vernova Trading Down 0.6%

GEV opened at $644.54 on Wednesday. GE Vernova Inc. has a 1-year low of $252.25 and a 1-year high of $677.29. The stock has a market capitalization of $175.46 billion, a price-to-earnings ratio of 155.31, a P/E/G ratio of 4.69 and a beta of 1.72. The business has a 50 day moving average of $619.21 and a 200-day moving average of $514.56.

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 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 during the quarter, compared to analysts' expectations of $8.78 billion. During the same period in the prior year, the business earned $4.65 earnings per share. GE Vernova's revenue for the quarter was up 11.1% compared to the same quarter last year. GE Vernova has set its FY 2025 guidance at EPS. Equities analysts predict that GE Vernova Inc. will post 6.59 EPS for the current year.

GE Vernova Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, November 17th. Investors of record on Monday, October 20th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.2%. The ex-dividend date is Monday, October 20th. GE Vernova's dividend payout ratio (DPR) is presently 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.

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.