Roman Butler Fullerton & Co. Raises Holdings in GE Vernova Inc. $GEV

Key Points

• Roman Butler Fullerton & Co. increased its holdings in GE Vernova Inc. by 137.6% in the second quarter, owning 2,732 shares valued at approximately $1.446 million.
• Recent research reports have resulted in varying price targets for GE Vernova, with estimates ranging from $475 to $710, while the current average rating for the stock is a "Moderate Buy."
• GE Vernova announced a quarterly $0.25 dividend to be paid on November 17th, with an annualized yield of 0.2% and a payout ratio of 24.10%.

Roman Butler Fullerton & Co. lifted its position in GE Vernova Inc. (NYSE:GEV - Free Report) by 137.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,732 shares of the company's stock after purchasing an additional 1,582 shares during the quarter. Roman Butler Fullerton & Co.'s holdings in GE Vernova were worth $1,446,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Highline Wealth Partners LLC raised its holdings in shares of GE Vernova by 34.6% during the 2nd quarter. Highline Wealth Partners LLC now owns 70 shares of the company's stock worth $37,000 after acquiring an additional 18 shares in the last quarter. Raleigh Capital Management Inc. purchased a new position in shares of GE Vernova in the second quarter valued at $37,000. Advantage Trust Co bought a new stake in GE Vernova in the second quarter worth $40,000. IMA Advisory Services Inc. purchased a new stake in GE Vernova during the first quarter valued at $27,000. Finally, West Branch Capital LLC lifted its position in GE Vernova by 25.6% during the second quarter. West Branch Capital LLC now owns 98 shares of the company's stock valued at $52,000 after purchasing an additional 20 shares during the last quarter.

Analysts Set New Price Targets

GEV has been the topic of several recent research reports. Mizuho upped their target price on shares of GE Vernova from $670.00 to $677.00 and gave the company a "neutral" rating in a research report on Wednesday, October 15th. Wells Fargo & Company lifted their price target on GE Vernova from $474.00 to $697.00 and gave the stock an "overweight" rating in a research report on Thursday, July 24th. BMO Capital Markets upped their price objective on GE Vernova from $690.00 to $710.00 and gave the company an "outperform" rating in a research report on Thursday. Redburn Partners set a $475.00 price objective on GE Vernova in a research note on Wednesday, October 15th. Finally, Guggenheim downgraded GE Vernova from a "buy" rating to a "neutral" rating in a research report on Monday, July 28th. Four investment analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $601.70.

GE Vernova Price Performance

Shares of NYSE:GEV opened at $575.73 on Thursday. The firm has a market capitalization of $156.72 billion, a PE ratio of 138.73, a price-to-earnings-growth ratio of 4.24 and a beta of 1.72. The business has a 50 day simple moving average of $612.65 and a two-hundred day simple moving average of $525.17. 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, October 22nd. The company reported $1.64 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.72 by ($0.08). GE Vernova had a return on equity of 13.23% and a net margin of 3.16%.The business had revenue of $9.97 billion for the quarter, compared to the consensus estimate of $9.15 billion. During the same period in the prior year, the business posted ($0.35) earnings per share. GE Vernova's revenue was up 11.8% on a year-over-year basis. GE Vernova has set its FY 2025 guidance at EPS. Equities research analysts expect that GE Vernova Inc. will post 6.59 EPS for the current fiscal year.

GE Vernova Announces Dividend

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 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%.

Insider Activity at GE Vernova

In related news, CFO Kenneth Scott Parks sold 3,300 shares of the firm's stock in a transaction dated 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 trade represents a 30.30% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.15% of the company's stock.

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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