GE Vernova Inc. $GEV Stake Raised by Ceredex Value Advisors LLC

Key Points

• Ceredex Value Advisors LLC increased its stake in GE Vernova Inc. by 15.0% in the first quarter, now holding approximately $72 million worth of shares.
• GE Vernova reported $1.86 earnings per share for the recent quarter, surpassing estimates of $1.63, with an 11.1% year-over-year revenue increase to $9.11 billion.
• The company announced a quarterly dividend of $0.25 per share, resulting in a 0.2% yield and a dividend payout ratio of 24.10%.

Ceredex Value Advisors LLC boosted its position in GE Vernova Inc. (NYSE:GEV - Free Report) by 15.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 235,964 shares of the company's stock after buying an additional 30,694 shares during the period. GE Vernova makes up approximately 1.6% of Ceredex Value Advisors LLC's investment portfolio, making the stock its 8th largest holding. Ceredex Value Advisors LLC owned 0.09% of GE Vernova worth $72,035,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of GEV. Brighton Jones LLC boosted its stake in shares of GE Vernova by 29.4% in the fourth quarter. Brighton Jones LLC now owns 3,315 shares of the company's stock worth $1,091,000 after acquiring an additional 753 shares during the last quarter. American Assets Inc. acquired a new stake in GE Vernova during the fourth quarter worth $658,000. Kovitz Investment Group Partners LLC boosted its position in shares of GE Vernova by 4.6% during the fourth quarter. Kovitz Investment Group Partners LLC now owns 6,433 shares of the company's stock worth $2,116,000 after buying an additional 283 shares during the period. Capital Analysts LLC boosted its position in shares of GE Vernova by 70.3% during the fourth quarter. Capital Analysts LLC now owns 109 shares of the company's stock worth $36,000 after buying an additional 45 shares during the period. Finally, Coldstream Capital Management Inc. raised its stake in shares of GE Vernova by 21.8% in the fourth quarter. Coldstream Capital Management Inc. now owns 6,029 shares of the company's stock valued at $1,983,000 after acquiring an additional 1,081 shares in the last quarter.

GE Vernova Trading Down 0.9%

GEV stock opened at $601.49 on Tuesday. The firm has a market cap of $163.74 billion, a P/E ratio of 144.94, a P/E/G ratio of 4.20 and a beta of 1.90. GE Vernova Inc. has a 12-month low of $179.19 and a 12-month high of $677.29. The stock's 50 day simple moving average is $578.85 and its 200 day simple moving average is $443.92.

GE Vernova (NYSE:GEV - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The company reported $1.86 earnings per share (EPS) 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 firm had revenue of $9.11 billion during the quarter, compared to analyst estimates of $8.78 billion. During the same period in the previous year, the business posted $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. On average, research analysts forecast that GE Vernova Inc. will post 6.59 EPS for the current fiscal year.

GE Vernova Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 18th. Shareholders of record on Monday, July 21st were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.2%. The ex-dividend date was Monday, July 21st. GE Vernova's dividend payout ratio (DPR) is 24.10%.

Analyst Ratings Changes

Several research firms recently commented on GEV. Royal Bank Of Canada reissued an "outperform" rating on shares of GE Vernova in a report on Thursday, July 24th. Wells Fargo & Company upped their target price on shares of GE Vernova from $474.00 to $697.00 and gave the company an "overweight" rating in a report on Thursday, July 24th. Guggenheim downgraded GE Vernova from a "buy" rating to a "neutral" rating in a research note on Monday, July 28th. Citigroup boosted their price objective on shares of GE Vernova from $544.00 to $670.00 and gave the stock a "neutral" rating in a report on Thursday, July 24th. Finally, Jefferies Financial Group downgraded shares of GE Vernova from a "buy" rating to a "hold" rating and boosted their price objective for the stock from $427.00 to $517.00 in a report on Thursday, May 29th. Four equities research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $560.21.

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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