Moloney Securities Asset Management LLC Takes $958,000 Position in GE Vernova Inc. $GEV

Key Points

• Moloney Securities Asset Management LLC invested approximately $958,000 in GE Vernova Inc. by purchasing 1,811 shares during the second quarter.
• CFO Kenneth Scott Parks sold 3,300 shares valued at over $2 million, reducing his ownership by 30.30%.
• GE Vernova reported a quarterly revenue of $9.97 billion, exceeding expectations, but missed earnings per share estimates with $1.64 EPS.

Moloney Securities Asset Management LLC purchased a new stake in shares of GE Vernova Inc. (NYSE:GEV - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 1,811 shares of the company's stock, valued at approximately $958,000.

A number of other institutional investors and hedge funds have also modified their holdings of GEV. IMA Advisory Services Inc. purchased a new position in shares of GE Vernova during the first quarter valued at $27,000. WFA Asset Management Corp purchased a new position in shares of GE Vernova during the second quarter valued at $29,000. Mowery & Schoenfeld Wealth Management LLC grew its holdings in shares of 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 buying an additional 53 shares in the last quarter. 1248 Management LLC acquired a new stake in GE Vernova during the first quarter valued at $31,000. Finally, Saudi Central Bank acquired a new stake in GE Vernova during the first quarter valued at $33,000.

Insider Activity at GE Vernova

In other news, CFO Kenneth Scott Parks sold 3,300 shares of GE Vernova stock in a transaction dated Tuesday, August 26th. The stock was 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. The trade was a 30.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.15% of the company's stock.

GE Vernova Stock Performance

GE Vernova stock opened at $584.68 on Friday. The business's 50-day simple moving average is $611.31 and its 200-day simple moving average is $529.36. The firm has a market capitalization of $158.64 billion, a PE ratio of 95.23, a PEG ratio of 4.30 and a beta of 1.72. GE Vernova Inc. has a 52 week low of $252.25 and a 52 week high of $677.29.

GE Vernova (NYSE:GEV - Get Free Report) last posted its quarterly earnings data on Wednesday, October 22nd. The company reported $1.64 EPS for the quarter, missing analysts' consensus estimates of $1.72 by ($0.08). The business had revenue of $9.97 billion during the quarter, compared to the consensus estimate of $9.15 billion. GE Vernova had a return on equity of 17.07% and a net margin of 4.52%.The company's revenue for the quarter was up 11.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.35) earnings per share. GE Vernova has set its FY 2025 guidance at EPS. Research analysts forecast that GE Vernova Inc. will post 6.59 earnings per share for the current year.

GE Vernova Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 17th. Stockholders of record on Monday, October 20th will be paid a $0.25 dividend. The ex-dividend date is Monday, October 20th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.2%. GE Vernova's payout ratio is presently 24.10%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on GEV shares. Royal Bank Of Canada lifted their price objective on GE Vernova from $605.00 to $630.00 and gave the company a "sector perform" rating in a research report on Thursday. Rothschild Redb cut GE Vernova from a "hold" rating to a "strong sell" rating in a research report on Wednesday, October 15th. Melius raised GE Vernova from a "hold" rating to a "buy" rating and set a $740.00 price objective for the company in a research report on Monday, September 15th. TD Cowen reduced their price target on GE Vernova from $685.00 to $680.00 and set a "buy" rating for the company in a research report on Thursday. Finally, Morgan Stanley boosted their price target on GE Vernova from $675.00 to $690.00 and gave the stock an "overweight" rating in a research report on Thursday, October 16th. Four analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, eight have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $607.59.

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.

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