GE Vernova Inc. $GEV Shares Sold by Lingohr Asset Management GmbH

Key Points

• Lingohr Asset Management GmbH reduced its holdings in GE Vernova Inc. by 95.8%, selling 8,685 shares and leaving them with only 385 shares, valued at $204,000.
• GE Vernova reported earnings of $1.86 per share for the last quarter, exceeding estimates by $0.23, alongside revenue of $9.11 billion.
• The company announced a quarterly dividend of $0.25 per share, with a 0.2% yield and a payout ratio of 24.10%.

Lingohr Asset Management GmbH lowered its position in GE Vernova Inc. (NYSE:GEV - Free Report) by 95.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 385 shares of the company's stock after selling 8,685 shares during the period. Lingohr Asset Management GmbH's holdings in GE Vernova were worth $204,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in GEV. EQ Wealth Advisors LLC acquired a new stake in shares of GE Vernova during the 1st quarter valued at approximately $27,000. IMA Advisory Services Inc. acquired a new stake in shares of GE Vernova during the 1st quarter valued at approximately $27,000. Orion Capital Management LLC acquired a new stake in shares of GE Vernova during the 4th quarter valued at approximately $30,000. Mowery & Schoenfeld Wealth Management LLC lifted its position in shares of GE Vernova by 115.2% during the 1st quarter. Mowery & Schoenfeld Wealth Management LLC now owns 99 shares of the company's stock valued at $30,000 after acquiring an additional 53 shares during the period. Finally, 1248 Management LLC acquired a new stake in shares of GE Vernova during the 1st quarter valued at approximately $31,000.

GE Vernova Stock Performance

GEV stock opened at $625.99 on Monday. The company has a 50 day moving average price of $608.65 and a two-hundred day moving average price of $469.09. The stock has a market capitalization of $170.41 billion, a P/E ratio of 150.84, a PEG ratio of 4.32 and a beta of 1.88. GE Vernova Inc. has a one year low of $219.01 and a one year high of $677.29.

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 the consensus estimate of $1.63 by $0.23. The company had revenue of $9.11 billion during the quarter, compared to the consensus estimate of $8.78 billion. GE Vernova had a return on equity of 13.23% and a net margin of 3.16%.GE Vernova's revenue was up 11.1% on a year-over-year basis. During the same period in the previous year, the firm posted $4.65 EPS. GE Vernova has set its FY 2025 guidance at EPS. Research analysts forecast that GE Vernova Inc. will post 6.59 earnings per share for the current fiscal year.

GE Vernova Dividend Announcement

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. The ex-dividend date was Monday, July 21st. This represents a $1.00 annualized dividend and a yield of 0.2%. GE Vernova's payout ratio is 24.10%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Seaport Res Ptn upgraded shares of GE Vernova to a "strong-buy" rating in a research report on Thursday, July 10th. Morgan Stanley lifted their price target on shares of GE Vernova from $511.00 to $675.00 and gave the company an "overweight" rating in a research report on Thursday, July 24th. Royal Bank Of Canada reiterated an "outperform" rating on shares of GE Vernova in a research report on Thursday, July 24th. Jefferies Financial Group lifted their price target on shares of GE Vernova from $658.00 to $668.00 and gave the company a "hold" rating in a research report on Friday. Finally, Guggenheim downgraded GE Vernova from a "buy" rating to a "neutral" rating in a research report on Monday, July 28th. Four analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and nine have given a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $580.04.

Insiders Place Their Bets

In other GE Vernova news, CFO Kenneth Scott Parks sold 3,300 shares of the business's stock in a transaction on 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 completion of the transaction, the chief financial officer directly owned 7,590 shares in the company, valued at approximately $4,705,800. The trade was a 30.30% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company 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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