Stance Capital LLC Increases Holdings in GE Vernova Inc. $GEV

Key Points

• Stance Capital LLC significantly increased its stake in GE Vernova Inc. by 1,139.0%, holding 1,301 shares worth $397,000 as of the latest SEC filing.
• Goldman Sachs raised its price target on GE Vernova shares from $500 to $570, indicating a strong confidence in the stock with a "buy" rating, amidst various analysts offering mixed ratings.
• The company recently announced a quarterly dividend of $0.25 per share, reflecting a 0.2% yield and a dividend payout ratio of 24.10%.

Stance Capital LLC grew its position in GE Vernova Inc. (NYSE:GEV - Free Report) by 1,139.0% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,301 shares of the company's stock after acquiring an additional 1,196 shares during the period. Stance Capital LLC's holdings in GE Vernova were worth $397,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. EQ Wealth Advisors LLC purchased a new position in GE Vernova during the first quarter worth about $27,000. IMA Advisory Services Inc. acquired a new position in shares of GE Vernova in the 1st quarter valued at $27,000. Orion Capital Management LLC purchased a new position in GE Vernova in the 4th quarter valued at $30,000. Mowery & Schoenfeld Wealth Management LLC grew its position in GE Vernova by 115.2% in the 1st quarter. Mowery & Schoenfeld Wealth Management LLC now owns 99 shares of the company's stock valued at $30,000 after buying an additional 53 shares during the last quarter. Finally, Saudi Central Bank purchased a new stake in shares of GE Vernova in the 1st quarter worth about $33,000.

Insiders Place Their Bets

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

GE Vernova Trading Up 0.9%

GEV stock traded up $5.42 during trading on Tuesday, reaching $605.65. 1,855,195 shares of the stock were exchanged, compared to its average volume of 2,695,387. The firm's 50 day moving average is $599.34 and its 200 day moving average is $460.59. GE Vernova Inc. has a twelve month low of $199.14 and a twelve month high of $677.29. The firm has a market cap of $164.87 billion, a P/E ratio of 123.76, a price-to-earnings-growth ratio of 4.15 and a beta of 1.87.

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

GE Vernova Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, August 18th. Investors of record on Monday, July 21st were paid a $0.25 dividend. The ex-dividend date of this dividend was Monday, July 21st. This represents a $1.00 annualized dividend and a dividend yield of 0.2%. GE Vernova's dividend payout ratio (DPR) is presently 24.10%.

Analyst Ratings Changes

GEV has been the subject of several research analyst reports. Wells Fargo & Company increased their target price on GE Vernova from $474.00 to $697.00 and gave the company an "overweight" rating in a research note on Thursday, July 24th. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of GE Vernova in a report on Thursday, July 24th. Bank of America boosted their price target on GE Vernova from $550.00 to $620.00 and gave the company a "buy" rating in a research note on Thursday, July 17th. Wolfe Research downgraded GE Vernova from an "outperform" rating to a "peer perform" rating in a research report on Friday, June 13th. Finally, Guggenheim cut GE Vernova from a "buy" rating to a "neutral" rating in a research note on Monday, July 28th. Four analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $573.75.

About GE Vernova

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.