GE Vernova Inc. $GEV Shares Bought by Gerber Kawasaki Wealth & Investment Management

Key Points

• Gerber Kawasaki Wealth & Investment Management significantly increased its stake in GE Vernova Inc. by 1,666.7% in the first quarter, now owning 11,925 shares valued at approximately $3.64 million.
• Several analysts have updated their price targets for GE Vernova, with Morgan Stanley and Barclays raising their targets to $675.00 and $706.00, respectively, both maintaining an "overweight" rating.
• GE Vernova reported a strong earnings performance in its latest quarter, achieving an EPS of $1.86, surpassing expectations and marking an 11.1% year-over-year revenue growth.

Gerber Kawasaki Wealth & Investment Management boosted its stake in shares of GE Vernova Inc. (NYSE:GEV - Free Report) by 1,666.7% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 11,925 shares of the company's stock after purchasing an additional 11,250 shares during the period. Gerber Kawasaki Wealth & Investment Management's holdings in GE Vernova were worth $3,641,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Navigoe LLC acquired a new stake in shares of GE Vernova during the 4th quarter valued at about $27,000. Clarity Asset Management Inc. acquired a new stake in shares of GE Vernova during the 4th quarter valued at about $28,000. IMA Advisory Services Inc. acquired a new stake in shares of GE Vernova during the 1st quarter valued at about $27,000. Orion Capital Management LLC acquired a new stake in shares of GE Vernova during the 4th quarter valued at about $30,000. Finally, EQ Wealth Advisors LLC acquired a new stake in shares of GE Vernova during the 1st quarter valued at about $27,000.

Analysts Set New Price Targets

GEV has been the topic of a number of analyst reports. Morgan Stanley raised their target price on GE Vernova from $511.00 to $675.00 and gave the company an "overweight" rating in a research report on Thursday, July 24th. Barclays raised their target price on GE Vernova from $580.00 to $706.00 and gave the company an "overweight" rating in a research report on Thursday, July 24th. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of GE Vernova in a research note on Thursday, July 24th. Wolfe Research lowered shares of GE Vernova from an "outperform" rating to a "peer perform" rating in a research note on Friday, June 13th. Finally, Guggenheim lowered shares of GE Vernova from a "buy" rating to a "neutral" rating in a research note on Monday, July 28th. Four analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and nine have assigned a Hold rating to the company's stock. Based on data from MarketBeat, GE Vernova has an average rating of "Moderate Buy" and an average target price of $560.21.

GE Vernova Price Performance

GEV opened at $623.32 on Thursday. The company's 50 day simple moving average is $584.29 and its two-hundred day simple moving average is $446.42. GE Vernova Inc. has a 1-year low of $180.77 and a 1-year high of $677.29. The firm has a market capitalization of $169.68 billion, a price-to-earnings ratio of 150.20, a price-to-earnings-growth ratio of 4.33 and a beta of 1.90.

GE Vernova (NYSE:GEV - Get Free Report) last released its earnings results on Wednesday, July 23rd. The company reported $1.86 earnings per share for the quarter, topping 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 business had revenue of $9.11 billion for the quarter, compared to analyst estimates of $8.78 billion. During the same period last year, the company posted $4.65 EPS. The business's revenue was up 11.1% on a year-over-year basis. GE Vernova has set its FY 2025 guidance at EPS. On average, equities analysts anticipate that GE Vernova Inc. will post 6.59 earnings per share for the current fiscal year.

GE Vernova Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, August 18th. Stockholders of record on Monday, July 21st were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend was Monday, July 21st. GE Vernova's payout ratio is presently 24.10%.

Insider Activity at GE Vernova

In other news, CFO Kenneth Scott Parks sold 3,300 shares of GE Vernova stock in a transaction that occurred on Tuesday, August 26th. The shares were 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 of the company's stock, valued at approximately $4,705,800. The trade was a 30.30% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.15% of the company's stock.

GE Vernova 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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