Silverleafe Capital Partners LLC Invests $307,000 in GE Vernova Inc. $GEV

Key Points

• Silverleafe Capital Partners LLC has invested approximately $307,000 in GE Vernova Inc., acquiring 581 shares in the company during the second quarter.
• GE Vernova reported a net revenue of $9.11 billion for the last quarter, surpassing analysts' expectations, and posted an earnings per share (EPS) of $1.86.
• The company declared a quarterly dividend of $0.25 per share, representing an annualized dividend yield of 0.2% and a dividend payout ratio of 24.10%.

Silverleafe Capital Partners LLC bought a new stake in GE Vernova Inc. (NYSE:GEV - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 581 shares of the company's stock, valued at approximately $307,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC lifted its stake in GE Vernova by 29.4% in the fourth quarter. Brighton Jones LLC now owns 3,315 shares of the company's stock valued at $1,091,000 after buying an additional 753 shares during the last quarter. American Assets Inc. purchased a new position in shares of GE Vernova during the fourth quarter worth approximately $658,000. Raiffeisen Bank International AG acquired a new position in shares of GE Vernova in the 4th quarter valued at $614,000. Shell Asset Management Co. raised its position in GE Vernova by 3.5% in the 4th quarter. Shell Asset Management Co. now owns 3,360 shares of the company's stock valued at $1,105,000 after purchasing an additional 113 shares during the last quarter. Finally, Toronto Dominion Bank boosted its stake in GE Vernova by 8.6% during the 4th quarter. Toronto Dominion Bank now owns 147,639 shares of the company's stock worth $48,563,000 after purchasing an additional 11,701 shares during the period.

GE Vernova Stock Performance

NYSE:GEV opened at $625.99 on Monday. GE Vernova Inc. has a 1 year low of $219.01 and a 1 year high of $677.29. The stock has a fifty day moving average price of $608.65 and a two-hundred day moving average price of $469.09. The stock has a market capitalization of $170.41 billion, a price-to-earnings ratio of 150.84, a PEG ratio of 4.32 and a beta of 1.88.

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. GE Vernova had a net margin of 3.16% and a return on equity of 13.23%. The business had revenue of $9.11 billion for the quarter, compared to analysts' expectations of $8.78 billion. During the same period in the prior year, the company posted $4.65 EPS. The business's revenue for the quarter was up 11.1% on a year-over-year basis. GE Vernova has set its FY 2025 guidance at EPS. On average, analysts predict that GE Vernova Inc. will post 6.59 EPS for the current year.

GE Vernova Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 18th. Stockholders of record on Monday, July 21st were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date was Monday, July 21st. GE Vernova's dividend payout ratio (DPR) is presently 24.10%.

Analyst Ratings Changes

A number of research analysts have commented on the stock. TD Cowen lifted their price objective on shares of GE Vernova from $390.00 to $685.00 and gave the company a "buy" rating in a research note on Friday, July 25th. 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 research report on Friday. Guggenheim cut GE Vernova from a "buy" rating to a "neutral" rating in a research report on Monday, July 28th. UBS Group began coverage on GE Vernova in a research note on Monday, July 7th. They issued a "buy" rating and a $614.00 target price on the stock. Finally, Bank of America upped their price target on GE Vernova from $550.00 to $620.00 and gave the stock a "buy" rating in a research note on Thursday, July 17th. Four equities research 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. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $580.04.

Insider Activity

In other news, CFO Kenneth Scott Parks sold 3,300 shares of the business's stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $620.00, for a total transaction of $2,046,000.00. Following the sale, the chief financial officer 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 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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