IFM Investors Pty Ltd Buys 1,146 Shares of GE Vernova Inc. $GEV

Key Points

• IFM Investors Pty Ltd has increased its stake in GE Vernova Inc. by 2.4%, now holding a total of 48,582 shares worth approximately $14.83 million.
• GE Vernova reported earnings of $1.86 per share for its last quarter, exceeding analysts' expectations by $0.23, along with a revenue increase of 11.1% year-over-year.
• The quarterly dividend of $0.25 per share was paid recently, providing an annualized yield of 0.2% and a payout ratio of 24.10%.

IFM Investors Pty Ltd raised its stake in shares of GE Vernova Inc. (NYSE:GEV - Free Report) by 2.4% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 48,582 shares of the company's stock after purchasing an additional 1,146 shares during the period. IFM Investors Pty Ltd's holdings in GE Vernova were worth $14,831,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Caitong International Asset Management Co. Ltd bought a new stake in GE Vernova during the first quarter valued at about $912,000. Resona Asset Management Co. Ltd. boosted its stake in shares of GE Vernova by 8.2% in the first quarter. Resona Asset Management Co. Ltd. now owns 86,021 shares of the company's stock worth $26,229,000 after acquiring an additional 6,551 shares during the period. Lockheed Martin Investment Management Co. bought a new position in shares of GE Vernova in the first quarter worth about $458,000. Golden State Wealth Management LLC boosted its stake in shares of GE Vernova by 201.7% in the first quarter. Golden State Wealth Management LLC now owns 1,222 shares of the company's stock worth $373,000 after acquiring an additional 817 shares during the period. Finally, Public Sector Pension Investment Board boosted its stake in shares of GE Vernova by 8.5% in the first quarter. Public Sector Pension Investment Board now owns 37,620 shares of the company's stock worth $11,485,000 after acquiring an additional 2,942 shares during the period.

Insider Transactions at GE Vernova

In other GE Vernova news, CFO Kenneth Scott Parks sold 3,300 shares of the company's stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $620.00, for a total transaction of $2,046,000.00. Following 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 sale was disclosed in a document filed with the SEC, which is available at this link. 0.15% of the stock is currently owned by company insiders.

GE Vernova Trading Up 6.1%

NYSE:GEV opened at $642.78 on Thursday. The company has a market capitalization of $174.98 billion, a P/E ratio of 154.89, a P/E/G ratio of 4.19 and a beta of 1.87. GE Vernova Inc. has a 12 month low of $199.65 and a 12 month high of $677.29. The business's 50-day moving average is $604.12 and its 200 day moving average is $462.85.

GE Vernova (NYSE:GEV - Get Free Report) last issued 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 the consensus estimate of $8.78 billion. During the same period in the prior year, the business posted $4.65 earnings per share. The company's quarterly revenue was up 11.1% compared to the same quarter last year. GE Vernova has set its FY 2025 guidance at EPS. On average, research analysts forecast that GE Vernova Inc. will post 6.59 earnings per share for the current year.

GE Vernova Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on GEV shares. Wolfe Research lowered GE Vernova from an "outperform" rating to a "peer perform" rating in a research note on Friday, June 13th. Wells Fargo & Company upped their price objective on GE Vernova from $474.00 to $697.00 and gave the stock an "overweight" rating in a research note on Thursday, July 24th. Jefferies Financial Group lowered 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. BMO Capital Markets upped their price objective on GE Vernova from $590.00 to $690.00 and gave the stock an "outperform" rating in a research note on Thursday, July 24th. Finally, UBS Group started coverage on GE Vernova in a research report on Monday, July 7th. They issued a "buy" rating and a $614.00 target price on the stock. Four research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $573.75.

GE Vernova Company 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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