Mn Services Vermogensbeheer B.V. Buys Shares of 102,100 GE Vernova Inc. $GEV

Key Points

• Mn Services Vermogensbeheer B.V. purchased 102,100 shares of GE Vernova Inc. in Q2, valued at approximately $54 million, as reported in their latest 13F filing.
• Several hedge funds have increased their positions in GE Vernova, with Caitong International investing about $912,000 in the first quarter.
• Analysts are optimistic about GE Vernova, with price objectives raised by firms like BMO Capital Markets and Barclays, with a consensus price target of $592.35.

Mn Services Vermogensbeheer B.V. purchased a new stake in shares of GE Vernova Inc. (NYSE:GEV - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 102,100 shares of the company's stock, valued at approximately $54,026,000.

A number of other hedge funds have also made changes to their positions in the stock. IMA Advisory Services Inc. bought a new stake in shares of GE Vernova in the 1st quarter worth approximately $27,000. Orion Capital Management LLC acquired a new stake in shares of GE Vernova during the fourth quarter worth $30,000. EQ Wealth Advisors LLC bought a new position in GE Vernova during the first quarter worth about $27,000. Mowery & Schoenfeld Wealth Management LLC lifted its holdings in GE Vernova by 115.2% during the first quarter. Mowery & Schoenfeld Wealth Management LLC now owns 99 shares of the company's stock worth $30,000 after acquiring an additional 53 shares in the last quarter. Finally, 1248 Management LLC bought a new position in GE Vernova during the first quarter worth about $31,000.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on GEV. Morgan Stanley lifted their target price on GE Vernova from $511.00 to $675.00 and gave the company an "overweight" rating in a research report on Thursday, July 24th. TD Cowen increased their price target on GE Vernova from $390.00 to $685.00 and gave the stock a "buy" rating in a report on Friday, July 25th. Guggenheim lowered shares of GE Vernova from a "buy" rating to a "neutral" rating in a research note on Monday, July 28th. Glj Research started coverage on shares of GE Vernova in a research report on Monday, June 23rd. They set a "buy" rating for the company. Finally, The Goldman Sachs Group boosted their price objective 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. Four analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $592.35.

Insider Activity

In other GE Vernova 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 transaction 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 $4,705,800. This trade represents a 30.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.15% of the company's stock.

GE Vernova Price Performance

NYSE:GEV traded up $13.61 during trading hours on Friday, hitting $624.61. 4,104,917 shares of the company were exchanged, compared to its average volume of 2,689,348. The company's 50 day moving average price is $617.11 and its 200-day moving average price is $478.45. The stock has a market capitalization of $170.03 billion, a price-to-earnings ratio of 150.51, a PEG ratio of 4.55 and a beta of 1.87. GE Vernova Inc. has a 52-week low of $242.25 and a 52-week high of $677.29.

GE Vernova (NYSE:GEV - Get Free Report) last released its quarterly earnings data 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 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 firm earned $4.65 EPS. The business's revenue for the quarter was up 11.1% on a year-over-year basis. GE Vernova has set its FY 2025 guidance at EPS. On average, equities analysts predict that GE Vernova Inc. will post 6.59 earnings per share for the current year.

GE Vernova Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 18th. Investors of record on Monday, July 21st were issued a $0.25 dividend. The ex-dividend date of this dividend 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 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.