Plato Investment Management Ltd Has $3.01 Million Position in GE Vernova Inc. $GEV

Key Points

• Plato Investment Management Ltd reduced its holdings in GE Vernova Inc. by 16.9% during the first quarter, owning 9,763 shares worth approximately $3.01 million after selling 1,990 shares.
• Other major investors include Vanguard Group Inc., which increased its stake by 1.8% and now holds shares valued at $7.45 billion, and GAMMA Investing LLC, which raised its position by an astounding 32,984.2%.
• GE Vernova's stock recently reported a 0.9% increase, with earnings per share of $1.86, surpassing analyst expectations and leading to an annualized dividend of $1.00 with a yield of 0.2%.

Plato Investment Management Ltd lowered its holdings in GE Vernova Inc. (NYSE:GEV - Free Report) by 16.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,763 shares of the company's stock after selling 1,990 shares during the quarter. Plato Investment Management Ltd's holdings in GE Vernova were worth $3,013,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in GEV. Vanguard Group Inc. raised its holdings in shares of GE Vernova by 1.8% in the 1st quarter. Vanguard Group Inc. now owns 24,392,613 shares of the company's stock worth $7,446,577,000 after buying an additional 432,830 shares in the last quarter. Goldman Sachs Group Inc. grew its position in GE Vernova by 7.4% in the first quarter. Goldman Sachs Group Inc. now owns 3,129,958 shares of the company's stock valued at $955,513,000 after acquiring an additional 214,483 shares during the period. GAMMA Investing LLC raised its stake in 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 acquiring an additional 2,135,066 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in GE Vernova by 21.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,080,006 shares of the company's stock worth $634,984,000 after acquiring an additional 367,150 shares in the last quarter. Finally, Wellington Management Group LLP lifted its holdings in shares of GE Vernova by 50.9% during the first quarter. Wellington Management Group LLP now owns 2,029,948 shares of the company's stock valued at $619,703,000 after acquiring an additional 684,794 shares during the period.

GE Vernova Stock Up 0.9%

Shares of GEV opened at $605.65 on Wednesday. The stock's fifty day simple moving average is $601.36 and its 200-day simple moving average is $461.60. The firm has a market capitalization of $164.87 billion, a PE ratio of 145.94, a price-to-earnings-growth ratio of 4.15 and a beta of 1.88. GE Vernova Inc. has a 12-month low of $199.14 and a 12-month high of $677.29.

GE Vernova (NYSE:GEV - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The company reported $1.86 earnings per share for the quarter, topping the consensus estimate of $1.63 by $0.23. The firm had revenue of $9.11 billion during the quarter, compared to analysts' expectations of $8.78 billion. GE Vernova had a return on equity of 13.23% and a net margin of 3.16%.The company's quarterly revenue was up 11.1% compared to the same quarter last year. During the same period in the previous year, the business posted $4.65 EPS. GE Vernova has set its FY 2025 guidance at EPS. Analysts anticipate that GE Vernova Inc. will post 6.59 EPS for the current year.

GE Vernova Dividend Announcement

The firm 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. This represents a $1.00 annualized dividend and a yield of 0.2%. The ex-dividend date was Monday, July 21st. GE Vernova's dividend payout ratio is currently 24.10%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on GEV. Wolfe Research lowered shares of GE Vernova from an "outperform" rating to a "peer perform" rating in a report on Friday, June 13th. UBS Group started coverage on shares of GE Vernova in a research note on Monday, July 7th. They set a "buy" rating and a $614.00 price objective on the stock. JPMorgan Chase & Co. raised their price objective on shares of GE Vernova from $620.00 to $715.00 and gave the stock an "overweight" rating in a report on Thursday, July 24th. Jefferies Financial Group cut GE Vernova from a "buy" rating to a "hold" rating and raised their price target for the company from $427.00 to $517.00 in a report on Thursday, May 29th. Finally, Wells Fargo & Company lifted their price objective on GE Vernova from $474.00 to $697.00 and gave the company an "overweight" rating in a research report on Thursday, July 24th. Four investment analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and nine have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $573.75.

Insider Transactions at GE Vernova

In other GE Vernova news, CFO Kenneth Scott Parks sold 3,300 shares of GE Vernova stock in a transaction on 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 sale, the chief financial officer owned 7,590 shares of the company's stock, valued at approximately $4,705,800. The trade was a 30.30% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.15% of the company's stock.

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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