Vaughan Nelson Investment Management L.P. Purchases 47,134 Shares of GE Vernova Inc. $GEV

Key Points

• Vaughan Nelson Investment Management L.P. boosted its holdings in GE Vernova Inc. by 138.6%, acquiring an additional 47,134 shares during the second quarter, bringing their total to 81,139 shares valued at approximately $42.93 million.
• GE Vernova recently announced a $0.25 quarterly dividend payable on November 17, with a record date of October 20, marking an annualized dividend yield of 0.2%.
• The company's stock currently has an average price target of $598.50, with 4 analysts rating it as "Strong Buy" and 19 as "Buy," reflecting strong market interest and confidence.

Vaughan Nelson Investment Management L.P. grew its position in shares of GE Vernova Inc. (NYSE:GEV - Free Report) by 138.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 81,139 shares of the company's stock after buying an additional 47,134 shares during the period. Vaughan Nelson Investment Management L.P.'s holdings in GE Vernova were worth $42,935,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Highline Wealth Partners LLC increased its position in 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 buying an additional 18 shares during the period. Atlas Brown Inc. increased its position in GE Vernova by 0.8% during the 2nd quarter. Atlas Brown Inc. now owns 2,496 shares of the company's stock worth $1,321,000 after buying an additional 19 shares during the period. Physician Wealth Advisors Inc. increased its position in GE Vernova by 9.0% during the 2nd quarter. Physician Wealth Advisors Inc. now owns 241 shares of the company's stock worth $128,000 after buying an additional 20 shares during the period. West Branch Capital LLC grew its holdings in shares of GE Vernova by 25.6% during the 2nd quarter. West Branch Capital LLC now owns 98 shares of the company's stock worth $52,000 after purchasing an additional 20 shares in the last quarter. Finally, Grove Bank & Trust grew its holdings in shares of GE Vernova by 16.0% during the 2nd quarter. Grove Bank & Trust now owns 167 shares of the company's stock worth $88,000 after purchasing an additional 23 shares in the last quarter.

GE Vernova Stock Down 1.8%

NYSE:GEV opened at $595.07 on Friday. The stock's 50-day simple moving average is $623.21 and its 200 day simple moving average is $498.89. The firm has a market capitalization of $161.99 billion, a PE ratio of 143.39, a price-to-earnings-growth ratio of 4.42 and a beta of 1.72. GE Vernova Inc. has a twelve month low of $252.25 and a twelve month high of $677.29.

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

GE Vernova Announces Dividend

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

Analysts Set New Price Targets

Several research firms have recently issued reports on GEV. Bank of America increased their target price on GE Vernova from $550.00 to $620.00 and gave the stock a "buy" rating in a report on Thursday, July 17th. Weiss Ratings reissued a "hold (c)" rating on shares of GE Vernova in a report on Saturday, September 27th. UBS Group began coverage on GE Vernova in a report on Monday, July 7th. They set a "buy" rating and a $614.00 target price on the stock. Seaport Res Ptn raised GE Vernova to a "strong-buy" rating in a report on Thursday, July 10th. Finally, Susquehanna increased their target price on GE Vernova from $662.00 to $736.00 and gave the stock a "positive" rating in a report on Thursday, July 24th. Four equities research 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 currently has an average rating of "Moderate Buy" and a consensus price target of $598.50.

Insider Buying and Selling

In other GE Vernova news, CFO Kenneth Scott Parks sold 3,300 shares of the 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 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 can be accessed through this link. Corporate 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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