Vident Advisory LLC Acquires 5,328 Shares of GE Vernova Inc. $GEV

Key Points

• Vident Advisory LLC increased its stake in GE Vernova Inc. by 91.9% in Q1, acquiring an additional 5,328 shares, bringing its total holdings to over 11,000 shares valued at approximately $3.4 million.
• Insider trading revealed that CFO Kenneth Scott Parks sold 3,300 shares of GE Vernova stock, resulting in a 30.3% decrease in his position, with his remaining shares valued at around $4.7 million.
• GE Vernova recently announced a quarterly dividend of $0.25 per share, translating to an annualized dividend of $1.00, with a current payout ratio of 24.1%.

Vident Advisory LLC grew its stake in GE Vernova Inc. (NYSE:GEV - Free Report) by 91.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,128 shares of the company's stock after purchasing an additional 5,328 shares during the quarter. Vident Advisory LLC's holdings in GE Vernova were worth $3,399,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. EQ Wealth Advisors LLC acquired a new stake in GE Vernova during the first quarter worth approximately $27,000. IMA Advisory Services Inc. bought a new position in shares of GE Vernova during the first quarter worth approximately $27,000. Clarity Asset Management Inc. acquired a new stake in GE Vernova during the 4th quarter worth approximately $28,000. Orion Capital Management LLC bought a new stake in GE Vernova in the 4th quarter valued at $30,000. Finally, Mowery & Schoenfeld Wealth Management LLC grew its holdings 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 in the last quarter.

Insider Activity at GE Vernova

In related news, CFO Kenneth Scott Parks sold 3,300 shares of the business's stock in a transaction 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 in the company, 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 SEC, which is available at this hyperlink. Insiders own 0.15% of the company's stock.

GE Vernova Price Performance

NYSE:GEV traded down $33.24 during trading hours on Tuesday, hitting $579.73. The company's stock had a trading volume of 5,260,893 shares, compared to its average volume of 3,528,435. GE Vernova Inc. has a twelve month low of $187.55 and a twelve month high of $677.29. The stock has a fifty day simple moving average of $592.03 and a 200-day simple moving average of $452.65. The company has a market capitalization of $157.81 billion, a P/E ratio of 139.69, a PEG ratio of 4.24 and a beta of 1.88.

GE Vernova (NYSE:GEV - Get Free Report) last posted 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 analysts' expectations of $8.78 billion. GE Vernova had a net margin of 3.16% and a return on equity of 13.23%. The business's revenue for the quarter was up 11.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.65 earnings per share. GE Vernova has set its FY 2025 guidance at EPS. On average, equities analysts predict that GE Vernova Inc. will post 6.59 EPS for the current fiscal 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 issued a dividend of $0.25 per share. The ex-dividend date was Monday, July 21st. This represents a $1.00 annualized dividend and a dividend yield of 0.2%. GE Vernova's dividend payout ratio is 24.10%.

Analyst Ratings Changes

Several brokerages have weighed in on GEV. Morgan Stanley lifted their price objective on shares of GE Vernova from $511.00 to $675.00 and gave the stock an "overweight" rating in a research note on Thursday, July 24th. Mizuho cut shares of GE Vernova from an "outperform" rating to a "neutral" rating and set a $670.00 target price on the stock. in a report on Monday, July 28th. 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. Susquehanna increased their price target on GE Vernova from $662.00 to $736.00 and gave the stock a "positive" rating in a research report on Thursday, July 24th. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating on shares of GE Vernova in a report on Thursday, July 24th. Four analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat, GE Vernova currently has a consensus rating of "Moderate Buy" and a consensus target price of $560.21.

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.