DSM Capital Partners LLC Acquires 47,651 Shares of GE Vernova Inc. $GEV

Key Points

• DSM Capital Partners LLC increased its stake in GE Vernova Inc. by 31.9% during the second quarter, acquiring an additional 47,651 shares to hold a total of 196,991 shares.
• GE Vernova reported a $1.86 EPS for the last quarter, exceeding estimates, and achieved $9.11 billion in revenue, reflecting an 11.1% year-over-year growth.
• The company has announced a quarterly dividend of $0.25 per share, scheduled for payment on November 17th, with a current payout ratio of 24.10%.

DSM Capital Partners LLC lifted its holdings in GE Vernova Inc. (NYSE:GEV - Free Report) by 31.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 196,991 shares of the company's stock after purchasing an additional 47,651 shares during the quarter. GE Vernova accounts for approximately 1.5% of DSM Capital Partners LLC's investment portfolio, making the stock its 23rd biggest holding. DSM Capital Partners LLC owned 0.07% of GE Vernova worth $104,238,000 at the end of the most recent quarter.

Other institutional investors have also 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 worth $912,000. Pines Wealth Management LLC bought a new stake in shares of GE Vernova in the second quarter worth $408,000. Resona Asset Management Co. Ltd. raised its position 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 acquiring an additional 6,551 shares in 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 raised its position in 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 acquiring an additional 817 shares in the last quarter.

GE Vernova Price Performance

NYSE:GEV opened at $606.30 on Friday. GE Vernova Inc. has a one year low of $252.25 and a one year high of $677.29. The company has a market cap of $165.05 billion, a P/E ratio of 146.10, a P/E/G ratio of 4.61 and a beta of 1.72. The firm's fifty day moving average price is $619.64 and its two-hundred day moving average price is $508.47.

GE Vernova (NYSE:GEV - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The company reported $1.86 EPS for the quarter, beating 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 firm had revenue of $9.11 billion for the quarter, compared to the consensus estimate of $8.78 billion. During the same period in the previous year, the company earned $4.65 earnings per share. The company's quarterly revenue was up 11.1% on a year-over-year basis. GE Vernova has set its FY 2025 guidance at EPS. As a group, equities research analysts expect that GE Vernova Inc. will post 6.59 earnings per share for the current year.

GE Vernova Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 17th. Shareholders of record on Monday, October 20th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.2%. The ex-dividend date is Monday, October 20th. GE Vernova's payout ratio is currently 24.10%.

Insider Activity at GE Vernova

In other GE Vernova news, CFO Kenneth Scott Parks sold 3,300 shares of the company's stock in a transaction 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 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 Securities & Exchange Commission, which is available at this hyperlink. 0.15% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have issued reports on GEV shares. Jefferies Financial Group upped their price target on shares of GE Vernova from $658.00 to $668.00 and gave the stock a "hold" rating in a research report on Friday, September 12th. JPMorgan Chase & Co. upped their price target on shares of GE Vernova from $620.00 to $715.00 and gave the stock an "overweight" rating in a research report on Thursday, July 24th. Seaport Res Ptn raised shares of GE Vernova to a "strong-buy" rating in a research report on Thursday, July 10th. Guggenheim lowered shares of GE Vernova from a "buy" rating to a "neutral" rating in a research report on Monday, July 28th. Finally, UBS Group started coverage on shares of GE Vernova in a research report on Monday, July 7th. They set a "buy" rating and a $614.00 price target on the stock. Four research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, GE Vernova currently has an average rating of "Moderate Buy" and an average price target of $598.50.

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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