GE Vernova Inc. $GEV Shares Bought by Diversified Trust Co

Key Points

• Diversified Trust Co increased its stake in GE Vernova Inc. by 8.7%, owning 14,734 shares worth approximately $7.8 million at the end of the reporting period.
• GE Vernova reported a quarterly EPS of $1.86, exceeding estimates, and revenue of $9.11 billion, reflecting an 11.1% year-over-year increase.
• The company announced a quarterly dividend of $0.25 per share, with a 0.2% yield and a payout ratio of 24.10%.

Diversified Trust Co lifted its stake in GE Vernova Inc. (NYSE:GEV - Free Report) by 8.7% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,734 shares of the company's stock after purchasing an additional 1,184 shares during the period. Diversified Trust Co's holdings in GE Vernova were worth $7,797,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of GEV. GAMMA Investing LLC increased its stake in shares of GE Vernova by 32,984.2% in the 1st quarter. GAMMA Investing LLC now owns 2,141,539 shares of the company's stock worth $653,769,000 after purchasing an additional 2,135,066 shares in the last quarter. AQR Capital Management LLC increased 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 worth $366,016,000 after purchasing an additional 892,549 shares in the last quarter. Amundi boosted its holdings in GE Vernova by 109.0% in the 1st quarter. Amundi now owns 1,665,980 shares of the company's stock worth $496,013,000 after buying an additional 868,927 shares during the period. Assenagon Asset Management S.A. boosted its holdings in GE Vernova by 10,044.9% in the 2nd quarter. Assenagon Asset Management S.A. now owns 842,433 shares of the company's stock worth $445,773,000 after buying an additional 834,129 shares during the period. Finally, TD Asset Management Inc boosted its holdings in GE Vernova by 627.2% in the 1st quarter. TD Asset Management Inc now owns 926,842 shares of the company's stock worth $282,946,000 after buying an additional 799,388 shares during the period.

Analyst Ratings Changes

GEV has been the subject of several recent analyst reports. HSBC upped their target price on shares of GE Vernova from $570.00 to $580.00 and gave the stock a "hold" rating in a report on Friday, September 5th. JPMorgan Chase & Co. increased their price objective on shares of GE Vernova from $620.00 to $715.00 and gave the company an "overweight" rating in a report on Thursday, July 24th. The Goldman Sachs Group increased their price objective on shares of GE Vernova from $500.00 to $570.00 and gave the company a "buy" rating in a report on Tuesday, June 10th. Guggenheim downgraded shares of GE Vernova from a "buy" rating to a "neutral" rating in a report on Monday, July 28th. Finally, Melius Research set a $740.00 price objective on shares of GE Vernova and gave the stock a "buy" rating in a research note on Monday, September 15th. Four equities research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $592.35.

GE Vernova Trading Up 3.1%

Shares of NYSE:GEV traded up $19.50 on Monday, hitting $643.67. 2,507,673 shares of the company were exchanged, compared to its average volume of 3,479,979. GE Vernova Inc. has a 1-year low of $246.79 and a 1-year high of $677.29. The stock's 50 day moving average price is $617.11 and its 200 day moving average price is $479.75. The firm has a market capitalization of $175.22 billion, a P/E ratio of 155.10, a price-to-earnings-growth ratio of 4.55 and a beta of 1.87.

GE Vernova (NYSE:GEV - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The company reported $1.86 EPS for the quarter, topping the consensus estimate 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 the consensus estimate of $8.78 billion. During the same period in the previous year, the firm posted $4.65 earnings per share. The business'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. On average, equities analysts predict that GE Vernova Inc. will post 6.59 EPS for the current fiscal year.

Insider Transactions at GE Vernova

In related news, CFO Kenneth Scott Parks sold 3,300 shares of the business's stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $620.00, for a total transaction 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 $4,705,800. The trade was a 30.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.15% of the stock is owned by corporate insiders.

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.