Monument Capital Management Makes New Investment in GE Vernova Inc. $GEV

Key Points

• Monument Capital Management has invested approximately $338,000 in GE Vernova Inc., acquiring 638 shares in the second quarter.
• Analysts have been optimistic about GE Vernova, with multiple upgrades and a consensus rating of "Moderate Buy", a price target averaging $598.50.
• GE Vernova recently announced a quarterly dividend of $0.25, representing an annualized yield of 0.2% and a payout ratio of 24.10%.

Monument Capital Management acquired a new position in GE Vernova Inc. (NYSE:GEV - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 638 shares of the company's stock, valued at approximately $338,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in GEV. EQ Wealth Advisors LLC purchased a new position in GE Vernova in the first quarter valued at about $27,000. IMA Advisory Services Inc. purchased a new position in GE Vernova in the first quarter valued at about $27,000. Mowery & Schoenfeld Wealth Management LLC boosted its stake in GE Vernova by 115.2% in the first quarter. Mowery & Schoenfeld Wealth Management LLC now owns 99 shares of the company's stock valued at $30,000 after acquiring an additional 53 shares during the last quarter. 1248 Management LLC purchased a new position in GE Vernova in the first quarter valued at about $31,000. Finally, Saudi Central Bank purchased a new position in GE Vernova in the first quarter valued at about $33,000.

Analyst Upgrades and Downgrades

GEV has been the topic of a number of research analyst reports. Royal Bank Of Canada set a $605.00 target price on shares of GE Vernova and gave the company a "sector perform" rating in a research note on Wednesday, October 1st. Seaport Res Ptn upgraded shares of GE Vernova to a "strong-buy" rating in a research note on Thursday, July 10th. JPMorgan Chase & Co. upped their price target on shares of GE Vernova from $620.00 to $715.00 and gave the company an "overweight" rating in a research note on Thursday, July 24th. Melius Research set a $740.00 price target on shares of GE Vernova and gave the company a "buy" rating in a research note on Monday, September 15th. 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 note on Thursday, July 24th. Four investment analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $598.50.

Insider Activity at GE Vernova

In other news, CFO Kenneth Scott Parks sold 3,300 shares of the 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 owned 7,590 shares of the company's stock, valued at $4,705,800. This represents a 30.30% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.15% of the stock is owned by insiders.

GE Vernova Trading Down 4.4%

GE Vernova stock opened at $606.30 on Friday. The firm's 50 day simple moving average is $619.64 and its 200 day simple moving average is $508.47. The firm has a market capitalization of $165.05 billion, a PE ratio of 146.10, a price-to-earnings-growth ratio of 4.61 and a beta of 1.72. GE Vernova Inc. has a 1-year low of $252.25 and a 1-year high of $677.29.

GE Vernova (NYSE:GEV - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The company reported $1.86 EPS for the quarter, topping analysts' consensus estimates of $1.63 by $0.23. The firm had revenue of $9.11 billion for the quarter, compared to analyst estimates of $8.78 billion. GE Vernova had a net margin of 3.16% and a return on equity of 13.23%. The business's revenue for the quarter was up 11.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.65 EPS. 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 business also recently declared a quarterly dividend, which will be paid on Monday, November 17th. Stockholders of record on Monday, October 20th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Monday, October 20th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.2%. GE Vernova's dividend 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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