Venture Visionary Partners LLC Has $2.06 Million Stock Holdings in GE Vernova Inc. $GEV

Key Points

• Venture Visionary Partners LLC reduced its stake in **GE Vernova Inc.** by **14%**, holding **3,885 shares** valued at **$2.06 million** at the end of the last quarter.
• GE Vernova reported an **EPS of $1.86**, surpassing analyst estimates of **$1.63**, and generated **$9.11 billion** in revenue, up **11.1%** from the previous year.
• The company has announced a quarterly dividend of **$0.25** per share, with the ex-dividend date on **October 20th**, representing a **0.2% yield** based on a **$1 annual dividend**.

Venture Visionary Partners LLC decreased its position in GE Vernova Inc. (NYSE:GEV - Free Report) by 14.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 3,885 shares of the company's stock after selling 630 shares during the quarter. Venture Visionary Partners LLC's holdings in GE Vernova were worth $2,056,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in GEV. AQR Capital Management LLC increased its holdings in shares of GE Vernova by 252.9% during the first quarter. AQR Capital Management LLC now owns 1,245,420 shares of the company's stock worth $366,016,000 after buying an additional 892,549 shares in the last quarter. Amundi increased its holdings in GE Vernova by 109.0% during the 1st 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 in the last quarter. Assenagon Asset Management S.A. increased its holdings in GE Vernova by 10,044.9% during the 2nd 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 in the last quarter. TD Asset Management Inc raised its position in GE Vernova by 627.2% in the 1st 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 last quarter. Finally, Nuveen LLC acquired a new position in GE Vernova in the first quarter worth $223,556,000.

GE Vernova Price Performance

Shares of NYSE GEV opened at $614.57 on Wednesday. GE Vernova Inc. has a fifty-two week low of $248.50 and a fifty-two week high of $677.29. The firm has a market capitalization of $167.30 billion, a P/E ratio of 148.09, a P/E/G ratio of 4.39 and a beta of 1.87. The company's 50 day simple moving average is $625.00 and its 200 day simple moving average is $494.32.

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

GE Vernova Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on GEV. Melius upgraded GE Vernova from a "hold" rating to a "buy" rating and set a $740.00 target price for the company in a research note on Monday, September 15th. Citigroup increased their price objective on shares of GE Vernova from $544.00 to $670.00 and gave the stock a "neutral" rating in a report on Thursday, July 24th. TD Cowen boosted their target price on shares of GE Vernova from $390.00 to $685.00 and gave the stock a "buy" rating in a research note on Friday, July 25th. BMO Capital Markets increased their price target on shares of GE Vernova from $590.00 to $690.00 and gave the company an "outperform" rating in a research note on Thursday, July 24th. Finally, Royal Bank Of Canada reissued an "outperform" rating on shares of GE Vernova in a report on Thursday, July 24th. Four investment analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat, GE Vernova currently has an average rating of "Moderate Buy" and an average price target of $592.35.

Insider Activity

In other news, CFO Kenneth Scott Parks sold 3,300 shares of the company'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 completion of the sale, the chief financial officer directly owned 7,590 shares of the company's stock, valued at $4,705,800. This represents a 30.30% decrease in their position. The sale was disclosed in a legal filing with the SEC, 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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