DRW Securities LLC Has $1.39 Million Stock Holdings in GE Vernova Inc. $GEV

Key Points

• DRW Securities LLC increased its stake in GE Vernova Inc. by 24.1% in the first quarter, acquiring an additional 881 shares, bringing its total holdings to 4,540 shares valued at approximately $1,386,000.
• GE Vernova reported strong earnings for the last quarter, with an EPS of $1.86, exceeding expectations of $1.63, and a revenue of $9.11 billion, up 11.1% year-over-year.
• The company has recently announced a quarterly dividend of $0.25 per share, with a dividend yield of 0.2%, and a payout ratio currently at 24.10%.

DRW Securities LLC grew its position in shares of GE Vernova Inc. (NYSE:GEV - Free Report) by 24.1% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,540 shares of the company's stock after acquiring an additional 881 shares during the quarter. DRW Securities LLC's holdings in GE Vernova were worth $1,386,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of GEV. EQ Wealth Advisors LLC acquired a new position in GE Vernova during the 1st quarter worth approximately $27,000. IMA Advisory Services Inc. acquired a new position in GE Vernova during the 1st quarter worth approximately $27,000. Clarity Asset Management Inc. acquired a new position in GE Vernova during the 4th quarter worth approximately $28,000. Orion Capital Management LLC acquired a new position in GE Vernova during the 4th quarter worth approximately $30,000. Finally, Mowery & Schoenfeld Wealth Management LLC raised its stake in shares of GE Vernova by 115.2% during the 1st quarter. Mowery & Schoenfeld Wealth Management LLC now owns 99 shares of the company's stock worth $30,000 after purchasing an additional 53 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Guggenheim cut GE Vernova from a "buy" rating to a "neutral" rating in a research note on Monday, July 28th. Morgan Stanley increased their price objective on GE Vernova from $511.00 to $675.00 and gave the stock an "overweight" rating in a research report on Thursday, July 24th. UBS Group started coverage on GE Vernova in a research report on Monday, July 7th. They set a "buy" rating and a $614.00 price objective on the stock. TD Cowen increased their price objective on GE Vernova from $390.00 to $685.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. Finally, Barclays increased their price objective on GE Vernova from $580.00 to $706.00 and gave the stock an "overweight" rating in a research report on Thursday, July 24th. Four investment analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat.com, GE Vernova currently has an average rating of "Moderate Buy" and an average price target of $560.21.

GE Vernova Stock Down 0.5%

Shares of GEV traded down $2.88 during trading hours on Wednesday, hitting $576.80. 3,652,764 shares of the company were exchanged, compared to its average volume of 3,529,152. The company has a market cap of $157.02 billion, a price-to-earnings ratio of 138.99, a P/E/G ratio of 4.24 and a beta of 1.87. GE Vernova Inc. has a fifty-two week low of $192.12 and a fifty-two week high of $677.29. The firm's fifty day moving average is $593.39 and its 200 day moving average is $453.54.

GE Vernova (NYSE:GEV - Get Free Report) last released its earnings results on Wednesday, July 23rd. The company reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.63 by $0.23. The company had revenue of $9.11 billion for the quarter, compared to analyst estimates of $8.78 billion. GE Vernova had a return on equity of 13.23% and a net margin of 3.16%.GE Vernova's quarterly revenue was up 11.1% on a year-over-year basis. During the same period in the prior year, the firm posted $4.65 EPS. GE Vernova has set its FY 2025 guidance at EPS. Analysts anticipate 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 was paid on Monday, August 18th. Investors 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 yield of 0.2%. GE Vernova's dividend payout ratio (DPR) is 24.10%.

Insiders Place Their Bets

In related news, CFO Kenneth Scott Parks sold 3,300 shares of the firm's stock in a transaction dated 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 sale, the chief financial officer directly owned 7,590 shares of the company's stock, valued at $4,705,800. This trade represents a 30.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.15% of the stock is owned by company insiders.

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.