GE Vernova Inc. (NYSE:GEV) is Headland Capital LLC's 8th Largest Position

Key Points

• Headland Capital LLC has reduced its holdings in GE Vernova Inc. by 2.8%, now owning 30,233 shares valued at approximately $9,230,000.
• Recent reports indicate that several analysts have raised their price targets for GE Vernova shares, with estimates reaching as high as $736.00, reflecting a generally positive outlook on the stock.
• GE Vernova announced a quarterly dividend of $0.25 per share, with a yield of 0.2% based on a payout ratio of 24.10%.

Headland Capital LLC lessened its position in GE Vernova Inc. (NYSE:GEV - Free Report) by 2.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 30,233 shares of the company's stock after selling 874 shares during the quarter. GE Vernova comprises about 3.1% of Headland Capital LLC's investment portfolio, making the stock its 8th biggest position. Headland Capital LLC's holdings in GE Vernova were worth $9,230,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of GEV. FMR LLC grew its position in GE Vernova by 3.4% in the 4th quarter. FMR LLC now owns 24,861,833 shares of the company's stock worth $8,177,803,000 after purchasing an additional 814,155 shares during the last quarter. Capital International Investors grew its position in GE Vernova by 25.3% in the 4th quarter. Capital International Investors now owns 14,854,297 shares of the company's stock worth $4,886,164,000 after purchasing an additional 2,994,660 shares during the last quarter. Northern Trust Corp grew its position in GE Vernova by 15.0% in the 4th quarter. Northern Trust Corp now owns 2,630,122 shares of the company's stock worth $865,126,000 after purchasing an additional 343,837 shares during the last quarter. GAMMA Investing LLC grew its position in GE Vernova by 32,984.2% in the 1st quarter. GAMMA Investing LLC now owns 2,141,539 shares of the company's stock worth $653,769,000 after purchasing an additional 2,135,066 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA grew its position in GE Vernova by 47.4% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 1,937,018 shares of the company's stock worth $591,333,000 after purchasing an additional 622,730 shares during the last quarter.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on GEV shares. Wolfe Research lowered shares of GE Vernova from an "outperform" rating to a "peer perform" rating in a research report on Friday, June 13th. TD Cowen lifted their target price on shares of GE Vernova from $390.00 to $685.00 and gave the company a "buy" rating in a research report on Friday, July 25th. Guggenheim lowered shares of GE Vernova from a "buy" rating to a "neutral" rating in a research report on Monday. Mizuho lowered shares of GE Vernova from an "outperform" rating to a "neutral" rating and set a $670.00 target price on the stock. in a research report on Monday. Finally, Jefferies Financial Group lowered shares of GE Vernova from a "buy" rating to a "hold" rating and lifted their target price for the company from $427.00 to $517.00 in a research report on Thursday, May 29th. Ten analysts have rated the stock with a hold rating, eighteen have given a buy rating and four have assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $560.21.

GE Vernova Trading Down 0.5%

Shares of NYSE:GEV traded down $3.63 during midday trading on Friday, reaching $656.66. The company had a trading volume of 3,074,814 shares, compared to its average volume of 2,826,011. The company's 50 day moving average price is $530.40 and its 200 day moving average price is $415.77. The stock has a market cap of $178.76 billion, a P/E ratio of 158.23, a P/E/G ratio of 4.56 and a beta of 1.90. GE Vernova Inc. has a 52-week low of $150.01 and a 52-week high of $677.29.

GE Vernova (NYSE:GEV - Get Free Report) last announced its quarterly earnings data 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 return on equity of 13.23% and a net margin of 3.16%. The business had revenue of $9.11 billion for the quarter, compared to analysts' expectations of $8.78 billion. During the same period in the previous year, the business posted $4.65 EPS. The firm's quarterly revenue was up 11.1% compared to the same quarter last year. 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 declared a quarterly dividend, which will be paid on Monday, August 18th. Stockholders of record on Monday, July 21st will be given a dividend of $0.25 per share. The ex-dividend date is Monday, July 21st. This represents a $1.00 annualized dividend and a dividend 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.