Rheos Capital Works Inc. Purchases Shares of 23,000 GE Vernova Inc. $GEV

Key Points

• Rheos Capital Works Inc. has acquired a new stake in GE Vernova Inc., purchasing 23,000 shares valued at approximately $12.17 million.
• GE Vernova recently announced a quarterly dividend of $0.25 per share, with an annualized yield of 0.2% and a dividend payout ratio of 24.10%.
• The company reported $1.86 earnings per share for the last quarter, exceeding analysts' expectations and achieving revenue of $9.11 billion, which was an 11.1% increase year-over-year.

Rheos Capital Works Inc. purchased a new stake in GE Vernova Inc. (NYSE:GEV - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 23,000 shares of the company's stock, valued at approximately $12,170,000.

Several other institutional investors have also recently modified their holdings of GEV. EQ Wealth Advisors LLC purchased a new position in GE Vernova during the first quarter worth $27,000. IMA Advisory Services Inc. purchased a new stake in shares of GE Vernova in the first quarter valued at $27,000. Mowery & Schoenfeld Wealth Management LLC boosted its stake 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 acquiring an additional 53 shares during the last quarter. 1248 Management LLC acquired a new stake in shares of GE Vernova during the first quarter valued at $31,000. Finally, Saudi Central Bank purchased a new stake in GE Vernova during the 1st quarter worth about $33,000.

Insider Transactions 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 of the company's stock, valued at $4,705,800. The trade was a 30.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.15% of the company's stock.

GE Vernova Stock Performance

GE Vernova stock opened at $644.54 on Wednesday. GE Vernova Inc. has a 1 year low of $252.25 and a 1 year high of $677.29. The firm has a 50 day moving average price of $619.21 and a 200 day moving average price of $514.56. The company has a market cap of $175.46 billion, a price-to-earnings ratio of 155.31, a PEG ratio of 4.69 and a beta of 1.72.

GE Vernova (NYSE:GEV - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The company reported $1.86 earnings per share for the quarter, topping analysts' consensus estimates of $1.63 by $0.23. The company 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 was up 11.1% on a year-over-year basis. During the same quarter last year, the firm posted $4.65 earnings per share. GE Vernova has set its FY 2025 guidance at EPS. Sell-side analysts predict that GE Vernova Inc. will post 6.59 EPS for the current year.

GE Vernova Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research analysts have issued reports on GEV shares. HSBC upped their target price on shares of GE Vernova from $570.00 to $580.00 and gave the company a "hold" rating in a report on Friday, September 5th. Mizuho set a $677.00 price objective on shares of GE Vernova in a research report on Wednesday. Robert W. Baird raised their target price on shares of GE Vernova from $568.00 to $706.00 and gave the stock an "outperform" rating in a research report on Thursday, July 24th. UBS Group initiated coverage on shares of GE Vernova in a research note on Monday, July 7th. They issued a "buy" rating and a $614.00 target price for the company. Finally, Jefferies Financial Group boosted their price target on GE Vernova from $658.00 to $668.00 and gave the company a "hold" rating in a report on Friday, September 12th. Four analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $594.33.

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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