Schaper Benz & Wise Investment Counsel Inc. WI Sells 522 Shares of GE Vernova Inc. $GEV

Key Points

• Schaper Benz & Wise Investment Counsel Inc. reduced its stake in GE Vernova Inc. by 12.3%, selling 522 shares and maintaining 3,727 shares valued at approximately $1.97 million.
• Several hedge funds increased their holdings significantly in GE Vernova, with AQR Capital Management growing its shares by 252.9%, while Assenagon Asset Management saw a staggering 10,044.9% increase in its stake.
• GE Vernova announced a quarterly dividend of $0.25 due on November 17th, reflecting a dividend yield of 0.2% and a payout ratio of 24.10%.

Schaper Benz & Wise Investment Counsel Inc. WI lessened its stake in shares of GE Vernova Inc. (NYSE:GEV - Free Report) by 12.3% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 3,727 shares of the company's stock after selling 522 shares during the period. Schaper Benz & Wise Investment Counsel Inc. WI's holdings in GE Vernova were worth $1,972,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of GEV. AQR Capital Management LLC grew its holdings in GE Vernova by 252.9% during the first quarter. AQR Capital Management LLC now owns 1,245,420 shares of the company's stock valued at $366,016,000 after purchasing an additional 892,549 shares during the period. Amundi grew its holdings in GE Vernova by 109.0% during the first quarter. Amundi now owns 1,665,980 shares of the company's stock valued at $496,013,000 after purchasing an additional 868,927 shares during the period. Assenagon Asset Management S.A. grew its holdings in GE Vernova by 10,044.9% during the second quarter. Assenagon Asset Management S.A. now owns 842,433 shares of the company's stock valued at $445,773,000 after purchasing an additional 834,129 shares during the period. TD Asset Management Inc grew its holdings in GE Vernova by 627.2% during the first quarter. TD Asset Management Inc now owns 926,842 shares of the company's stock valued at $282,946,000 after purchasing an additional 799,388 shares during the period. Finally, Nuveen LLC bought a new stake in GE Vernova during the first quarter valued at about $223,556,000.

Insider Activity at GE Vernova

In related news, CFO Kenneth Scott Parks sold 3,300 shares of the business's 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 sale, 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.15% of the company's stock.

GE Vernova Trading Down 1.6%

NYSE:GEV opened at $575.73 on Thursday. The company has a market capitalization of $156.72 billion, a P/E ratio of 138.73, a P/E/G ratio of 4.24 and a beta of 1.72. GE Vernova Inc. has a 12 month low of $252.25 and a 12 month high of $677.29. The business's 50-day moving average is $612.65 and its 200 day moving average is $525.17.

GE Vernova (NYSE:GEV - Get Free Report) last posted its earnings results on Wednesday, October 22nd. The company reported $1.64 EPS for the quarter, missing analysts' consensus estimates of $1.72 by ($0.08). The firm had revenue of $9.97 billion during the quarter, compared to analysts' expectations of $9.15 billion. GE Vernova had a return on equity of 13.23% and a net margin of 3.16%.GE Vernova's quarterly revenue was up 11.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.35) earnings per share. GE Vernova has set its FY 2025 guidance at EPS. On average, research analysts forecast that GE Vernova Inc. will post 6.59 earnings per share for the current year.

GE Vernova Announces Dividend

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 given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Monday, October 20th. GE Vernova's payout ratio is currently 24.10%.

Analysts Set New Price Targets

GEV has been the subject of a number of recent analyst reports. Wall Street Zen lowered GE Vernova from a "buy" rating to a "hold" rating in a research note on Saturday, July 26th. Wells Fargo & Company upped their price objective on GE Vernova from $474.00 to $697.00 and gave the stock an "overweight" rating in a research note on Thursday, July 24th. HSBC upped their price objective on GE Vernova from $570.00 to $580.00 and gave the stock a "hold" rating in a research note on Friday, September 5th. Guggenheim lowered GE Vernova from a "buy" rating to a "neutral" rating in a research note on Monday, July 28th. Finally, 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 note on Monday, September 15th. Four investment analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $601.70.

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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