Fox Hill Wealth Management Purchases Shares of 1,731 GE Vernova Inc. $GEV

Key Points

• Fox Hill Wealth Management has purchased a new stake in GE Vernova Inc. (`$GEV`), acquiring 1,731 shares valued at approximately $916,000 during the 2nd quarter.
• GE Vernova reported $1.86 earnings per share for the last quarter, exceeding analysts' expectations of $1.63 and demonstrating an increase in revenue of 11.1% year-over-year.
• The company also declared a quarterly dividend of $0.25 per share, with a yield of 0.2%, reaffirming a healthy payout ratio of 24.10%.

Fox Hill Wealth Management purchased a new stake in shares of GE Vernova Inc. (NYSE:GEV - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 1,731 shares of the company's stock, valued at approximately $916,000.

Other institutional investors have also made changes to their positions in the company. GAMMA Investing LLC increased its position in GE Vernova by 32,984.2% during the first quarter. GAMMA Investing LLC now owns 2,141,539 shares of the company's stock worth $653,769,000 after buying an additional 2,135,066 shares during the last quarter. AQR Capital Management LLC lifted its holdings in 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 during the last quarter. Amundi lifted 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 purchasing an additional 868,927 shares during the last quarter. TD Asset Management Inc lifted 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 purchasing an additional 799,388 shares during the last quarter. Finally, Nuveen LLC acquired a new stake in GE Vernova in the 1st quarter worth approximately $223,556,000.

GE Vernova Stock Performance

GE Vernova stock traded up $2.54 on Monday, reaching $628.09. The company's stock had a trading volume of 1,849,780 shares, compared to its average volume of 3,502,302. The company has a market cap of $170.98 billion, a price-to-earnings ratio of 151.35, a PEG ratio of 4.32 and a beta of 1.88. The business's fifty day moving average price is $608.65 and its 200 day moving average price is $469.09. GE Vernova Inc. has a twelve month low of $225.24 and a twelve month high of $677.29.

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 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 for the quarter, compared to analyst estimates of $8.78 billion. During the same quarter in the previous year, the firm earned $4.65 earnings per share. The business's 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 analysts forecast that GE Vernova Inc. will post 6.59 earnings per share for the current year.

GE Vernova Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, August 18th. Shareholders 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 is presently 24.10%.

Analyst Upgrades and Downgrades

GEV has been the subject of several analyst reports. Wolfe Research lowered GE Vernova from an "outperform" rating to a "peer perform" rating in a report on Friday, June 13th. Melius Research set a $740.00 price target on GE Vernova and gave the stock a "buy" rating in a report on Monday. Robert W. Baird upped their price target on GE Vernova from $568.00 to $706.00 and gave the stock an "outperform" rating in a report on Thursday, July 24th. Royal Bank Of Canada reiterated an "outperform" rating on shares of GE Vernova in a report on Thursday, July 24th. Finally, TD Cowen upped their price target on GE Vernova from $390.00 to $685.00 and gave the stock a "buy" rating in a report on Friday, July 25th. Four 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. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $592.35.

Insiders Place Their Bets

In other GE Vernova news, CFO Kenneth Scott Parks sold 3,300 shares of the 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 transaction, the chief financial officer owned 7,590 shares of the company's stock, valued at approximately $4,705,800. This represents a 30.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.15% of the company's stock.

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.