D.B. Root & Company LLC Makes New $414,000 Investment in GE Vernova Inc. $GEV

Key Points

• D.B. Root & Company LLC invested approximately $414,000 in shares of GE Vernova Inc., purchasing 782 shares during the second quarter.
• GE Vernova recently reported earnings of $1.86 per share for the last quarter, exceeding analysts' expectations of $1.63 and showing 11.1% year-over-year revenue growth.
• The company has announced a quarterly dividend of $0.25 per share, with a yield of 0.2% to be paid on November 17th.

D.B. Root & Company LLC purchased a new position in shares of GE Vernova Inc. (NYSE:GEV - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 782 shares of the company's stock, valued at approximately $414,000.

A number of other institutional investors also recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd bought a new stake in shares of GE Vernova in the first quarter valued at approximately $912,000. Pines Wealth Management LLC bought a new stake in GE Vernova during the second quarter worth $408,000. Resona Asset Management Co. Ltd. lifted its stake in GE Vernova by 8.2% during the first quarter. Resona Asset Management Co. Ltd. now owns 86,021 shares of the company's stock worth $26,229,000 after purchasing an additional 6,551 shares during the last quarter. Lockheed Martin Investment Management Co. bought a new stake in GE Vernova during the first quarter worth $458,000. Finally, Golden State Wealth Management LLC increased its holdings in shares of GE Vernova by 201.7% during the first quarter. Golden State Wealth Management LLC now owns 1,222 shares of the company's stock worth $373,000 after buying an additional 817 shares in the last quarter.

GE Vernova Stock Down 1.8%

Shares of GEV stock opened at $595.07 on Monday. The company has a 50 day moving average of $623.21 and a 200-day moving average of $501.17. GE Vernova Inc. has a 12-month low of $252.25 and a 12-month high of $677.29. The firm has a market cap of $161.99 billion, a P/E ratio of 143.39, a PEG ratio of 4.33 and a beta of 1.72.

GE Vernova (NYSE:GEV - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The company reported $1.86 earnings per share for the quarter, beating analysts' consensus estimates of $1.63 by $0.23. GE Vernova had a net margin of 3.16% and a return on equity of 13.23%. The business had revenue of $9.11 billion during the quarter, compared to analyst estimates of $8.78 billion. During the same period in the previous year, the business earned $4.65 EPS. GE Vernova's 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 expect that GE Vernova Inc. will post 6.59 EPS for the current year.

GE Vernova Announces Dividend

The firm also recently disclosed 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 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date is Monday, October 20th. GE Vernova's payout ratio is currently 24.10%.

Insiders Place Their Bets

In related news, CFO Kenneth Scott Parks sold 3,300 shares of GE Vernova stock in a transaction that occurred 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 transaction, the chief financial officer directly owned 7,590 shares in the company, valued at approximately $4,705,800. The trade was a 30.30% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.15% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Melius Research set a $740.00 price target on shares of GE Vernova and gave the stock a "buy" rating in a report on Monday, September 15th. Citigroup increased their price target on GE Vernova from $544.00 to $670.00 and gave the stock a "neutral" rating in a report on Thursday, July 24th. Morgan Stanley increased their price target on GE Vernova from $511.00 to $675.00 and gave the stock an "overweight" rating in a report on Thursday, July 24th. Royal Bank Of Canada set a $605.00 price objective on shares of GE Vernova and gave the stock a "sector perform" rating in a research report on Wednesday. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of GE Vernova in a research report on Saturday, September 27th. Four investment 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 company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $598.50.

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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