Gordian Capital Singapore Pte Ltd Buys 610 Shares of GE Vernova Inc. $GEV

Key Points

• Gordian Capital Singapore increased its holdings in GE Vernova Inc. by 103.4% in Q1, owning 1,200 shares valued at $366,000 as per SEC filings.
• GE Vernova's stock rose 1.9% to $634.27, with a market cap of $172.66 billion and a price-to-earnings ratio of 152.84.
• The company announced a quarterly dividend of $0.25, resulting in a 0.2% yield, with a dividend payout ratio of 24.10%.

Gordian Capital Singapore Pte Ltd lifted its stake in GE Vernova Inc. (NYSE:GEV - Free Report) by 103.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,200 shares of the company's stock after buying an additional 610 shares during the period. Gordian Capital Singapore Pte Ltd's holdings in GE Vernova were worth $366,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. EQ Wealth Advisors LLC acquired a new position in GE Vernova in the first quarter worth about $27,000. IMA Advisory Services Inc. acquired a new position in GE Vernova in the first quarter worth about $27,000. Clarity Asset Management Inc. acquired a new position in GE Vernova in the fourth quarter worth about $28,000. Orion Capital Management LLC acquired a new position in GE Vernova in the fourth quarter worth about $30,000. Finally, Mowery & Schoenfeld Wealth Management LLC raised its position in GE Vernova by 115.2% in the first quarter. Mowery & Schoenfeld Wealth Management LLC now owns 99 shares of the company's stock worth $30,000 after purchasing an additional 53 shares in the last quarter.

GE Vernova Trading Down 6.2%

Shares of NYSE:GEV traded down $37.97 during midday trading on Tuesday, hitting $575.00. The company had a trading volume of 2,901,064 shares, compared to its average volume of 3,513,627. GE Vernova Inc. has a 12 month low of $187.55 and a 12 month high of $677.29. The stock has a market cap of $156.53 billion, a price-to-earnings ratio of 138.57, a PEG ratio of 4.24 and a beta of 1.88. The firm has a fifty day simple moving average of $592.03 and a 200 day simple moving average of $452.65.

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 (EPS) for the quarter, topping the consensus estimate of $1.63 by $0.23. The business had revenue of $9.11 billion for the quarter, compared to analyst estimates of $8.78 billion. GE Vernova had a return on equity of 13.23% and a net margin of 3.16%.The firm's revenue was up 11.1% on a year-over-year basis. During the same period last year, the company earned $4.65 EPS. GE Vernova has set its FY 2025 guidance at EPS. Equities analysts forecast that GE Vernova Inc. will post 6.59 EPS for the current fiscal year.

GE Vernova Dividend Announcement

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

Analysts Set New Price Targets

Several analysts have weighed in on GEV shares. Seaport Res Ptn raised shares of GE Vernova to a "strong-buy" rating in a research note on Thursday, July 10th. Jefferies Financial Group cut shares of GE Vernova from a "buy" rating to a "hold" rating and upped their price objective for the stock from $427.00 to $517.00 in a research note on Thursday, May 29th. Guggenheim cut shares of GE Vernova from a "buy" rating to a "neutral" rating in a research note on Monday, July 28th. UBS Group started coverage on shares of GE Vernova in a research note on Monday, July 7th. They set a "buy" rating and a $614.00 price objective on the stock. Finally, Barclays upped their price objective on shares of GE Vernova from $580.00 to $706.00 and gave the stock an "overweight" rating in a research note on Thursday, July 24th. Four investment analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $560.21.

Insider Buying and Selling at GE Vernova

In related news, CFO Kenneth Scott Parks sold 3,300 shares of the firm's stock in a transaction on Tuesday, August 26th. The shares were 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 of the company's stock, 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 the SEC website. Corporate insiders own 0.15% of the company's stock.

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.