Dodge & Cox Has $52.42 Million Holdings in GE Vernova Inc. $GEV

Key Points

• Dodge & Cox reduced its stake in GE Vernova Inc. by 4.2% during Q1, holding 171,720 shares valued at approximately $52.42 million.
• GE Vernova reported earnings of $1.86 per share for the last quarter, exceeding analysts' expectations, with a year-over-year revenue increase of 11.1%.
• Recent analyst upgrades have set higher price targets for GE Vernova, with firms like BMO Capital Markets increasing their target from $590 to $690 and maintaining an "outperform" rating.

Dodge & Cox cut its holdings in shares of GE Vernova Inc. (NYSE:GEV - Free Report) by 4.2% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 171,720 shares of the company's stock after selling 7,602 shares during the period. Dodge & Cox owned 0.06% of GE Vernova worth $52,423,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Westover Capital Advisors LLC increased its stake in shares of GE Vernova by 2.3% in the 1st quarter. Westover Capital Advisors LLC now owns 1,130 shares of the company's stock valued at $345,000 after acquiring an additional 25 shares during the last quarter. SVB Wealth LLC grew its stake in shares of GE Vernova by 0.7% during the 1st quarter. SVB Wealth LLC now owns 3,585 shares of the company's stock worth $1,094,000 after acquiring an additional 26 shares in the last quarter. Stonebridge Financial Group LLC grew its stake in shares of GE Vernova by 8.9% during the 1st quarter. Stonebridge Financial Group LLC now owns 344 shares of the company's stock worth $105,000 after acquiring an additional 28 shares in the last quarter. Whittier Trust Co. of Nevada Inc. grew its stake in shares of GE Vernova by 0.4% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 8,510 shares of the company's stock worth $2,598,000 after acquiring an additional 30 shares in the last quarter. Finally, Hemington Wealth Management grew its stake in shares of GE Vernova by 20.3% during the 1st quarter. Hemington Wealth Management now owns 178 shares of the company's stock worth $54,000 after acquiring an additional 30 shares in the last quarter.

GE Vernova Stock Performance

GEV opened at $606.1210 on Friday. GE Vernova Inc. has a fifty-two week low of $173.07 and a fifty-two week high of $677.29. The company has a market capitalization of $165.00 billion, a P/E ratio of 146.05, a P/E/G ratio of 4.19 and a beta of 1.90. The stock has a fifty day moving average of $576.57 and a 200-day moving average of $441.37.

GE Vernova (NYSE:GEV - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The company reported $1.86 earnings per share 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 during the quarter, compared to the consensus estimate of $8.78 billion. During the same quarter last year, the firm earned $4.65 earnings per share. The company's revenue was up 11.1% on a year-over-year basis. GE Vernova has set its FY 2025 guidance at EPS. On average, equities research analysts predict that GE Vernova Inc. will post 6.59 earnings per share for the current fiscal year.

GE Vernova Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 18th. Stockholders of record on Monday, July 21st were paid a $0.25 dividend. The ex-dividend date of this dividend was Monday, July 21st. This represents a $1.00 annualized dividend and a dividend yield of 0.2%. GE Vernova's dividend payout ratio is currently 24.10%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on GEV. BMO Capital Markets raised their price target on shares of GE Vernova from $590.00 to $690.00 and gave the stock an "outperform" rating in a research note on Thursday, July 24th. Morgan Stanley raised their target price on shares of GE Vernova from $511.00 to $675.00 and gave the company an "overweight" rating in a research note on Thursday, July 24th. Royal Bank Of Canada reissued an "outperform" rating on shares of GE Vernova in a research note on Thursday, July 24th. The Goldman Sachs Group raised their target price on shares of GE Vernova from $500.00 to $570.00 and gave the company a "buy" rating in a research note on Tuesday, June 10th. Finally, Robert W. Baird raised their target price on shares of GE Vernova from $568.00 to $706.00 and gave the company an "outperform" rating in a research note on Thursday, July 24th. Four equities research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and nine have given a Hold rating to the company's stock. Based on data from MarketBeat.com, GE Vernova has a consensus rating of "Moderate Buy" and an average price target of $560.21.

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.

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