Focus Partners Advisor Solutions LLC Purchases 1,077 Shares of GE Vernova Inc. $GEV

Key Points

• Focus Partners Advisor Solutions LLC increased its stake in GE Vernova Inc. by 18.2%, now holding 6,988 shares worth approximately $3.7 million after acquiring an additional 1,077 shares.
• Several institutional investors significantly raised their positions in GE Vernova, with AQR Capital Management increasing its holdings by 252.9% in the first quarter.
• Despite a 1.8% decline in stock price, GE Vernova reported an increase in revenue by 11.8% year-over-year, with a net earnings miss of $1.64 per share against an estimate of $1.72.

Focus Partners Advisor Solutions LLC raised its position in shares of GE Vernova Inc. (NYSE:GEV - Free Report) by 18.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,988 shares of the company's stock after acquiring an additional 1,077 shares during the period. Focus Partners Advisor Solutions LLC's holdings in GE Vernova were worth $3,695,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. AQR Capital Management LLC increased its holdings 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 buying an additional 892,549 shares during the last quarter. Amundi increased its stake in GE Vernova by 109.0% during the first quarter. Amundi now owns 1,665,980 shares of the company's stock worth $496,013,000 after acquiring an additional 868,927 shares during the last quarter. Assenagon Asset Management S.A. raised its position in GE Vernova by 10,044.9% during the second quarter. Assenagon Asset Management S.A. now owns 842,433 shares of the company's stock valued at $445,773,000 after purchasing an additional 834,129 shares during the period. TD Asset Management Inc lifted its stake in shares of GE Vernova by 627.2% in the 1st quarter. TD Asset Management Inc now owns 926,842 shares of the company's stock valued at $282,946,000 after purchasing an additional 799,388 shares during the last quarter. Finally, Nuveen LLC purchased a new position in shares of GE Vernova in the 1st quarter worth approximately $223,556,000.

Wall Street Analysts Forecast Growth

GEV has been the topic of a number of analyst reports. Melius Research set a $740.00 price objective on shares of GE Vernova and gave the company a "buy" rating in a research report on Monday, September 15th. Morgan Stanley boosted their target price on GE Vernova from $675.00 to $690.00 and gave the company an "overweight" rating in a research report on Thursday, October 16th. Redburn Partners set a $475.00 price target on GE Vernova in a report on Wednesday, October 15th. Glj Research upped their price objective on GE Vernova from $702.00 to $758.00 and gave the company a "buy" rating in a research report on Wednesday, October 15th. Finally, Mizuho dropped their price target on GE Vernova from $677.00 to $660.00 and set a "neutral" rating on the stock in a research report on Friday. Four equities research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $607.59.

Insiders Place Their Bets

In other news, CFO Kenneth Scott Parks sold 3,300 shares of the business's stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $620.00, for a total transaction of $2,046,000.00. Following the sale, the chief financial officer owned 7,590 shares in the company, valued at approximately $4,705,800. The trade was a 30.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.15% of the company's stock.

GE Vernova Stock Down 1.8%

Shares of GE Vernova stock opened at $584.68 on Friday. The company has a market cap of $158.64 billion, a P/E ratio of 95.23, a PEG ratio of 4.22 and a beta of 1.72. The firm's 50 day moving average price is $611.31 and its 200-day moving average price is $531.04. GE Vernova Inc. has a 52-week low of $252.25 and a 52-week high of $677.29.

GE Vernova (NYSE:GEV - Get Free Report) last announced its earnings results on Wednesday, October 22nd. The company reported $1.64 earnings per share for the quarter, missing the consensus estimate of $1.72 by ($0.08). GE Vernova had a net margin of 4.52% and a return on equity of 17.07%. The firm had revenue of $9.97 billion during the quarter, compared to analyst estimates of $9.15 billion. During the same quarter last year, the business earned ($0.35) earnings per share. GE Vernova's revenue was up 11.8% on a year-over-year basis. GE Vernova has set its FY 2025 guidance at EPS. As a group, equities research analysts forecast that GE Vernova Inc. will post 6.59 EPS for the current fiscal year.

GE Vernova Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 17th. Shareholders of record on Monday, October 20th will be paid a $0.25 dividend. The ex-dividend date is Monday, October 20th. This represents a $1.00 dividend on an annualized basis and a yield of 0.2%. GE Vernova's dividend payout ratio (DPR) is 16.29%.

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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