Dimensional Fund Advisors LP Raises Holdings in GE Vernova Inc. $GEV

Key Points

• Dimensional Fund Advisors LP increased its stake in GE Vernova Inc. by 2.2%, owning approximately 0.23% of the company worth about $194 million after acquiring additional shares in Q1.
• Several institutional investors, including Vanguard and Goldman Sachs, have also boosted their holdings, indicating growing confidence in GE Vernova, which has a significant market cap of $163.89 billion.
• GE Vernova announced a quarterly dividend of $0.25, indicating a dividend yield of 0.2%, along with a positive earnings performance that exceeded analysts' estimates.

Dimensional Fund Advisors LP increased its position in GE Vernova Inc. (NYSE:GEV - Free Report) by 2.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 635,640 shares of the company's stock after acquiring an additional 13,872 shares during the period. Dimensional Fund Advisors LP owned about 0.23% of GE Vernova worth $194,038,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Navigoe LLC bought a new stake in GE Vernova during the fourth quarter valued at about $27,000. EQ Wealth Advisors LLC bought a new position in shares of GE Vernova in the first quarter worth about $27,000. IMA Advisory Services Inc. bought a new position in shares of GE Vernova in the first quarter worth about $27,000. Clarity Asset Management Inc. bought a new position in shares of GE Vernova in the fourth quarter worth about $28,000. Finally, Orion Capital Management LLC bought a new position in shares of GE Vernova in the fourth quarter worth about $30,000.

GE Vernova Stock Performance

GE Vernova stock traded up $4.6870 during midday trading on Thursday, hitting $609.2770. 1,729,348 shares of the company were exchanged, compared to its average volume of 3,557,551. The firm has a market capitalization of $165.86 billion, a PE ratio of 146.91, a price-to-earnings-growth ratio of 4.17 and a beta of 1.90. The business has a fifty day simple moving average of $571.62 and a two-hundred day simple moving average of $437.96. GE Vernova Inc. has a fifty-two week low of $173.07 and a fifty-two week high of $677.29.

GE Vernova (NYSE:GEV - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The company reported $1.86 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 the consensus estimate of $8.78 billion. During the same quarter in the prior year, the business posted $4.65 earnings per share. GE Vernova's revenue for the quarter was up 11.1% on a year-over-year basis. GE Vernova has set its FY 2025 guidance at EPS. As a group, equities analysts expect that GE Vernova Inc. will post 6.59 earnings per share for the current year.

GE Vernova Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on GEV shares. BMO Capital Markets boosted their target price on GE Vernova from $590.00 to $690.00 and gave the stock an "outperform" rating in a research report on Thursday, July 24th. Seaport Res Ptn raised GE Vernova to a "strong-buy" rating in a research note on Thursday, July 10th. Wells Fargo & Company upped their target price on GE Vernova from $474.00 to $697.00 and gave the company an "overweight" rating in a research note on Thursday, July 24th. Bank of America increased their price objective on GE Vernova from $550.00 to $620.00 and gave the stock a "buy" rating in a research note on Thursday, July 17th. Finally, Citigroup upped their price objective on GE Vernova from $544.00 to $670.00 and gave the stock a "neutral" rating in a research note on Thursday, July 24th. Four investment analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $560.21.

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.