GE Vernova Inc. $GEV Shares Purchased by WoodTrust Financial Corp

Key Points

• WoodTrust Financial Corp increased its stake in GE Vernova Inc. by 47.5% during Q2, owning 4,090 shares valued at $2,164,000 as per the latest SEC filing.
• GE Vernova reported quarterly earnings with $1.86 EPS, exceeding analysts' estimates of $1.63, and a revenue of $9.11 billion, up 11.1% year-over-year.
• The company announced a quarterly dividend of $0.25 per share, payable on November 17th, with a current yield of 0.2%.

WoodTrust Financial Corp increased its holdings in shares of GE Vernova Inc. (NYSE:GEV - Free Report) by 47.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,090 shares of the company's stock after acquiring an additional 1,317 shares during the period. WoodTrust Financial Corp's holdings in GE Vernova were worth $2,164,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd acquired a new position in GE Vernova during the first quarter worth $912,000. Pines Wealth Management LLC acquired a new position in GE Vernova during the second quarter worth $408,000. Resona Asset Management Co. Ltd. grew its holdings 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 during the period. Lockheed Martin Investment Management Co. acquired a new position in GE Vernova during the first quarter worth $458,000. Finally, Golden State Wealth Management LLC grew its holdings 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 during the period.

Insiders Place Their Bets

In related 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 transaction of $2,046,000.00. Following the transaction, the chief financial officer directly owned 7,590 shares in the company, 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 this hyperlink. Company insiders own 0.15% of the company's stock.

Analyst Ratings Changes

Several analysts have weighed in on the company. TD Cowen upped their target price on GE Vernova from $390.00 to $685.00 and gave the company a "buy" rating in a report on Friday, July 25th. Jefferies Financial Group upped their target price on GE Vernova from $658.00 to $668.00 and gave the company a "hold" rating in a report on Friday, September 12th. Glj Research assumed coverage on GE Vernova in a report on Monday, June 23rd. They issued a "buy" rating on the stock. JPMorgan Chase & Co. upped their target price on GE Vernova from $620.00 to $715.00 and gave the company an "overweight" rating in a report on Thursday, July 24th. Finally, BMO Capital Markets upped their target price on GE Vernova from $590.00 to $690.00 and gave the company an "outperform" rating in a report on Thursday, July 24th. Four equities research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $598.50.

GE Vernova Stock Up 0.5%

GEV opened at $606.24 on Wednesday. The firm has a market cap of $165.03 billion, a P/E ratio of 146.08, a PEG ratio of 4.39 and a beta of 1.72. GE Vernova Inc. has a 52 week low of $252.25 and a 52 week high of $677.29. The business's fifty day simple moving average is $621.76 and its 200 day simple moving average is $503.77.

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, beating 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 business had revenue of $9.11 billion for the quarter, compared to analyst estimates of $8.78 billion. During the same quarter last year, the company earned $4.65 earnings per share. The business's revenue for the quarter was up 11.1% compared to the same quarter last year. GE Vernova has set its FY 2025 guidance at EPS. As a group, equities analysts expect that GE Vernova Inc. will post 6.59 EPS for the current fiscal year.

GE Vernova Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 17th. Investors of record on Monday, October 20th will be given a dividend of $0.25 per share. The ex-dividend date is Monday, October 20th. This represents a $1.00 annualized dividend and a yield of 0.2%. GE Vernova's dividend payout ratio is 24.10%.

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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