GE Vernova Inc. $GEV Shares Sold by Meiji Yasuda Asset Management Co Ltd.

Key Points

• Meiji Yasuda Asset Management Co Ltd. reduced its stake in GE Vernova Inc. by 4.4%, owning 12,136 shares valued at approximately $3.7 million following the sale of 556 shares in the first quarter.
• Several large investors increased their holdings in GE Vernova, with Wellington Management Group boosting its stake by 50.9%, and GAMMA Investing LLC significantly increasing its position by 32,984.2%.
• GE Vernova reported a quarterly EPS of $1.86, exceeding estimates, with a revenue of $9.11 billion, which represents an annual growth of 11.1%.

Meiji Yasuda Asset Management Co Ltd. decreased its holdings in shares of GE Vernova Inc. (NYSE:GEV - Free Report) by 4.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,136 shares of the company's stock after selling 556 shares during the period. Meiji Yasuda Asset Management Co Ltd.'s holdings in GE Vernova were worth $3,705,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. EQ Wealth Advisors LLC acquired a new position in GE Vernova during the 1st quarter worth approximately $27,000. IMA Advisory Services Inc. acquired a new position in GE Vernova during the 1st quarter worth approximately $27,000. Orion Capital Management LLC purchased a new stake in shares of GE Vernova during the 4th quarter worth approximately $30,000. Mowery & Schoenfeld Wealth Management LLC boosted its stake 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 worth $30,000 after acquiring an additional 53 shares in the last quarter. Finally, Saudi Central Bank purchased a new stake in shares of GE Vernova during the 1st quarter worth approximately $33,000.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Seaport Res Ptn raised GE Vernova to a "strong-buy" rating in a research note on Thursday, July 10th. Susquehanna boosted their price target on GE Vernova from $662.00 to $736.00 and gave the stock a "positive" rating in a research note on Thursday, July 24th. Royal Bank Of Canada reissued an "outperform" rating on shares of GE Vernova in a research note on Thursday, July 24th. Bank of America boosted their price target on GE Vernova from $550.00 to $620.00 and gave the stock a "buy" rating in a research note on Thursday, July 17th. Finally, Morgan Stanley boosted their price target on GE Vernova from $511.00 to $675.00 and gave the stock an "overweight" rating in a research note on Thursday, July 24th. Four equities research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and nine have given a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $580.04.

Insider Buying and Selling

In other 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 value of $2,046,000.00. Following the completion of the sale, the chief financial officer owned 7,590 shares in the company, valued at approximately $4,705,800. This trade represents a 30.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.15% of the stock is owned by corporate insiders.

GE Vernova Stock Down 1.2%

GEV traded down $7.87 during trading on Friday, hitting $626.28. 1,384,099 shares of the stock were exchanged, compared to its average volume of 3,504,190. The firm has a market capitalization of $170.49 billion, a P/E ratio of 150.89, a PEG ratio of 4.45 and a beta of 1.87. The stock has a fifty day moving average price of $606.48 and a two-hundred day moving average price of $465.05. GE Vernova Inc. has a 1-year low of $219.01 and a 1-year high of $677.29.

GE Vernova (NYSE:GEV - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The company reported $1.86 earnings per share 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 firm had revenue of $9.11 billion for the quarter, compared to the consensus estimate of $8.78 billion. During the same period in the previous year, the business earned $4.65 earnings per share. The company'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. Analysts predict that GE Vernova Inc. will post 6.59 EPS for the current year.

GE Vernova Announces Dividend

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