Little House Capital LLC Takes $290,000 Position in GE Vernova Inc. $GEV

Key Points

• Little House Capital LLC has acquired a new stake in GE Vernova Inc., purchasing 548 shares valued at approximately $290,000 in the second quarter.
• GE Vernova recently declared a quarterly dividend of $0.25 per share, resulting in an annualized dividend yield of 0.2%.
• Analysts have set new price targets for GE Vernova, with TD Cowen raising its target from $390.00 to $685.00 and Melius increasing it to $740.00.

Little House Capital LLC acquired a new stake in GE Vernova Inc. (NYSE:GEV - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 548 shares of the company's stock, valued at approximately $290,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. IMA Advisory Services Inc. bought a new position in shares of GE Vernova in the first quarter valued at approximately $27,000. Orion Capital Management LLC acquired a new stake in GE Vernova during the fourth quarter valued at approximately $30,000. EQ Wealth Advisors LLC acquired a new stake in GE Vernova during the first quarter valued at approximately $27,000. Mowery & Schoenfeld Wealth Management LLC lifted its stake in GE Vernova by 115.2% during the first quarter. Mowery & Schoenfeld Wealth Management LLC now owns 99 shares of the company's stock valued at $30,000 after purchasing an additional 53 shares during the last quarter. Finally, 1248 Management LLC acquired a new stake in GE Vernova during the first quarter valued at approximately $31,000.

Insider Transactions 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 transaction, the chief financial officer directly owned 7,590 shares in the company, valued at approximately $4,705,800. This trade represents a 30.30% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.15% of the company's stock.

GE Vernova Trading Up 0.4%

GE Vernova stock opened at $628.09 on Tuesday. The company has a market capitalization of $170.98 billion, a P/E ratio of 151.35, a P/E/G ratio of 4.32 and a beta of 1.87. The firm's fifty day simple moving average is $610.59 and its 200-day simple moving average is $471.14. GE Vernova Inc. has a 1-year low of $225.24 and a 1-year high of $677.29.

GE Vernova (NYSE:GEV - Get Free Report) last released 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. The business had revenue of $9.11 billion for the quarter, compared to the consensus estimate of $8.78 billion. GE Vernova had a net margin of 3.16% and a return on equity of 13.23%. GE Vernova's revenue for the quarter was up 11.1% on a year-over-year basis. During the same quarter last year, the firm earned $4.65 EPS. GE Vernova has set its FY 2025 guidance at EPS. On average, equities research analysts predict that GE Vernova Inc. will post 6.59 earnings per share for the current year.

GE Vernova Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, August 18th. Stockholders of record on Monday, July 21st were issued 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 dividend yield of 0.2%. GE Vernova's dividend payout ratio (DPR) is currently 24.10%.

Analysts Set New Price Targets

GEV has been the subject of several recent research reports. Royal Bank Of Canada reissued an "outperform" rating on shares of GE Vernova in a research note on Thursday, July 24th. TD Cowen increased their target price on shares of GE Vernova from $390.00 to $685.00 and gave the company a "buy" rating in a research note on Friday, July 25th. Melius raised shares of GE Vernova from a "hold" rating to a "buy" rating and set a $740.00 target price for the company in a research note on Monday. The Goldman Sachs Group upped their price target on shares of GE Vernova from $500.00 to $570.00 and gave the company a "buy" rating in a research report on Tuesday, June 10th. Finally, Barclays upped their price target on shares of GE Vernova from $580.00 to $706.00 and gave the company an "overweight" rating in a research report on Thursday, July 24th. Four equities research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $592.35.

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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