GE Vernova Inc. $GEV Position Increased by CW Advisors LLC

Key Points

• CW Advisors LLC increased its stake in GE Vernova Inc. by 215.0% during the first quarter, owning a total of 8,214 shares valued at approximately $2.6 million.
• Several analysts have set new target prices for GE Vernova, with JPMorgan Chase & Co. raising their target from $620.00 to $715.00 and maintaining an "overweight" rating.
• GE Vernova reported an EPS of $1.86 for the most recent quarter, surpassing estimates, with revenues up 11.1% year-over-year, totaling $9.11 billion.

CW Advisors LLC raised its holdings in shares of GE Vernova Inc. (NYSE:GEV - Free Report) by 215.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,214 shares of the company's stock after purchasing an additional 5,606 shares during the period. CW Advisors LLC's holdings in GE Vernova were worth $2,602,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd bought a new stake in GE Vernova during the first quarter valued at $912,000. Resona Asset Management Co. Ltd. grew its position in shares of 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 during the last quarter. Lockheed Martin Investment Management Co. bought a new position in shares of GE Vernova during the first quarter worth about $458,000. Golden State Wealth Management LLC grew its position in shares of 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 during the last quarter. Finally, Public Sector Pension Investment Board grew its position in shares of GE Vernova by 8.5% during the first quarter. Public Sector Pension Investment Board now owns 37,620 shares of the company's stock worth $11,485,000 after acquiring an additional 2,942 shares during the last quarter.

GE Vernova Stock Performance

NYSE GEV traded up $25.36 on Tuesday, reaching $627.67. The company's stock had a trading volume of 2,685,326 shares, compared to its average volume of 3,543,640. GE Vernova Inc. has a twelve month low of $180.49 and a twelve month high of $677.29. The stock has a market cap of $170.87 billion, a PE ratio of 151.25, a PEG ratio of 4.20 and a beta of 1.90. The firm's 50 day moving average is $578.85 and its two-hundred day moving average is $443.92.

GE Vernova (NYSE:GEV - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The company reported $1.86 earnings per share for the quarter, beating analysts' consensus estimates of $1.63 by $0.23. GE Vernova had a net margin of 3.16% and a return on equity of 13.23%. The company had revenue of $9.11 billion during the quarter, compared to the consensus estimate of $8.78 billion. During the same period in the prior year, the company earned $4.65 EPS. GE Vernova's revenue was up 11.1% on a year-over-year basis. GE Vernova has set its FY 2025 guidance at EPS. Equities research analysts anticipate 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 was paid on Monday, August 18th. Shareholders of record on Monday, July 21st were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend was Monday, July 21st. GE Vernova's dividend payout ratio is presently 24.10%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on GEV shares. Citigroup upped their price target on shares of GE Vernova from $544.00 to $670.00 and gave the stock a "neutral" rating in a research report on Thursday, July 24th. TD Cowen upped their price target on shares of GE Vernova from $390.00 to $685.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. Robert W. Baird increased their target price on shares of GE Vernova from $568.00 to $706.00 and gave the company an "outperform" rating in a research report on Thursday, July 24th. Wolfe Research lowered shares of GE Vernova from an "outperform" rating to a "peer perform" rating in a research report on Friday, June 13th. Finally, Mizuho lowered shares of GE Vernova from an "outperform" rating to a "neutral" rating and set a $670.00 target price for the company. in a research report on Monday, July 28th. Four research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and nine have given a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price 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.