Intech Investment Management LLC Has $3.28 Million Holdings in GE Vernova Inc. $GEV

Key Points

• Intech Investment Management LLC increased its stake in GE Vernova Inc., raising its holdings to $3.28 million after acquiring 961 additional shares in the first quarter.
• Significant investments from large firms have been noted, including a 32,984.2% increase in holdings by GAMMA Investing LLC, bringing their total to $653.77 million.
• Analyst ratings for GE Vernova are positive, with multiple brokerages upgrading their price targets, and a consensus rating of "Moderate Buy" with a target price of $580.04.

Intech Investment Management LLC increased its stake in shares of GE Vernova Inc. (NYSE:GEV - Free Report) by 9.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,743 shares of the company's stock after buying an additional 961 shares during the quarter. Intech Investment Management LLC's holdings in GE Vernova were worth $3,280,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. GAMMA Investing LLC increased its holdings in shares of GE Vernova by 32,984.2% during the first quarter. GAMMA Investing LLC now owns 2,141,539 shares of the company's stock worth $653,769,000 after buying an additional 2,135,066 shares in the last quarter. AQR Capital Management LLC raised its holdings in shares of GE Vernova by 252.9% in the first quarter. AQR Capital Management LLC now owns 1,245,420 shares of the company's stock valued at $366,016,000 after buying an additional 892,549 shares during the last quarter. Amundi lifted its position in GE Vernova by 109.0% during the 1st quarter. Amundi now owns 1,665,980 shares of the company's stock worth $496,013,000 after buying an additional 868,927 shares in the last quarter. TD Asset Management Inc lifted its position in GE Vernova by 627.2% during the 1st quarter. TD Asset Management Inc now owns 926,842 shares of the company's stock worth $282,946,000 after buying an additional 799,388 shares in the last quarter. Finally, Nuveen LLC bought a new position in GE Vernova in the 1st quarter valued at $223,556,000.

Analyst Ratings Changes

A number of brokerages recently commented on GEV. Seaport Res Ptn raised GE Vernova to a "strong-buy" rating in a research note on Thursday, July 10th. TD Cowen increased their price objective on shares of GE Vernova from $390.00 to $685.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. The Goldman Sachs Group lifted their price target on shares of GE Vernova from $500.00 to $570.00 and gave the company a "buy" rating in a research note on Tuesday, June 10th. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of GE Vernova in a research report on Thursday, July 24th. Finally, Robert W. Baird raised their target price on shares of GE Vernova from $568.00 to $706.00 and gave the company an "outperform" rating in a research note on Thursday, July 24th. Four 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 company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $580.04.

Insider Activity at GE Vernova

In other news, CFO Kenneth Scott Parks sold 3,300 shares of the stock in a transaction dated 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 owned 7,590 shares of the company's stock, valued at approximately $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 can be accessed through the SEC website. Company insiders own 0.15% of the company's stock.

GE Vernova Price Performance

Shares of NYSE GEV opened at $625.99 on Friday. GE Vernova Inc. has a fifty-two week low of $219.01 and a fifty-two week high of $677.29. The stock has a market capitalization of $170.41 billion, a PE ratio of 150.84, a P/E/G ratio of 4.38 and a beta of 1.87. The business has a fifty day moving average price of $608.65 and a two-hundred day moving average price of $468.10.

GE Vernova (NYSE:GEV - Get Free Report) last issued its earnings results 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 net margin of 3.16% and a return on equity of 13.23%. The company had revenue of $9.11 billion during the quarter, compared to analysts' expectations of $8.78 billion. During the same period in the previous year, the company earned $4.65 EPS. The business'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. On average, equities analysts expect that GE Vernova Inc. will post 6.59 EPS for the current year.

GE Vernova Dividend Announcement

The firm also recently announced 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 of this dividend was Monday, July 21st. This represents a $1.00 annualized dividend and a yield of 0.2%. GE Vernova's payout ratio is presently 24.10%.

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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