Goodlander Investment Management LLC Has $19.54 Million Holdings in GE Vernova Inc. $GEV

Key Points

• Goodlander Investment Management LLC increased its position in GE Vernova Inc. by 82.9%, holding 64,000 shares worth approximately $19.5 million after acquiring an additional 29,000 shares in the first quarter.
• In Q2, GE Vernova reported an earnings per share (EPS) of $1.86, exceeding analysts' expectations by $0.23, with year-over-year revenue growth of 11.1%.
• The company declared a quarterly dividend of $0.25 per share, reflecting an annualized yield of 0.2%, with a payout ratio of 24.1%.

Goodlander Investment Management LLC boosted its holdings in shares of GE Vernova Inc. (NYSE:GEV - Free Report) by 82.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 64,000 shares of the company's stock after purchasing an additional 29,000 shares during the quarter. GE Vernova comprises about 16.7% of Goodlander Investment Management LLC's investment portfolio, making the stock its 2nd largest position. Goodlander Investment Management LLC's holdings in GE Vernova were worth $19,538,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. EQ Wealth Advisors LLC purchased a new stake in shares of GE Vernova in the first quarter worth about $27,000. IMA Advisory Services Inc. purchased a new position in GE Vernova during the 1st quarter worth approximately $27,000. Clarity Asset Management Inc. purchased a new position in shares of GE Vernova in the 4th quarter valued at approximately $28,000. Orion Capital Management LLC purchased a new stake in GE Vernova during the fourth quarter worth about $30,000. Finally, Mowery & Schoenfeld Wealth Management LLC lifted its holdings in shares of GE Vernova by 115.2% in the first quarter. Mowery & Schoenfeld Wealth Management LLC now owns 99 shares of the company's stock valued at $30,000 after purchasing an additional 53 shares in the last quarter.

Insider Activity at GE Vernova

In other GE Vernova news, CFO Kenneth Scott Parks sold 3,300 shares of the company's stock in a transaction dated 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 completion of the sale, the chief financial officer directly owned 7,590 shares in the company, valued at $4,705,800. This represents a 30.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.15% of the stock is currently owned by corporate insiders.

GE Vernova Stock Performance

GEV stock traded down $33.24 during trading on Tuesday, hitting $579.73. 5,255,284 shares of the company's stock traded hands, compared to its average volume of 3,524,665. The business has a fifty day simple moving average of $592.03 and a 200 day simple moving average of $452.65. The stock has a market capitalization of $157.81 billion, a price-to-earnings ratio of 139.69, a P/E/G ratio of 4.24 and a beta of 1.88. GE Vernova Inc. has a 52 week low of $187.55 and a 52 week high of $677.29.

GE Vernova (NYSE:GEV - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The company reported $1.86 EPS for the quarter, beating the consensus estimate of $1.63 by $0.23. GE Vernova had a return on equity of 13.23% and a net margin of 3.16%.The company 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 earned $4.65 earnings per share. GE Vernova's quarterly revenue was up 11.1% compared to the same quarter last year. 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 given 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%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on GEV. Morgan Stanley lifted their price target on shares of GE Vernova from $511.00 to $675.00 and gave the stock an "overweight" rating in a research note on Thursday, July 24th. The Goldman Sachs Group boosted their target price on shares of GE Vernova from $500.00 to $570.00 and gave the stock a "buy" rating in a research report on Tuesday, June 10th. Seaport Res Ptn raised shares of GE Vernova to a "strong-buy" rating in a research note on Thursday, July 10th. Robert W. Baird boosted their price objective 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. Finally, Wells Fargo & Company boosted their target price on shares of GE Vernova from $474.00 to $697.00 and gave the company an "overweight" rating in a research report on Thursday, July 24th. Four investment analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat, GE Vernova currently has an average rating of "Moderate Buy" and a consensus price target of $560.21.

About GE Vernova

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.