Voisard Asset Management Group Inc. Invests $292,000 in GE Vernova Inc. $GEV

Key Points

• Voisard Asset Management Group Inc. has acquired 552 shares of GE Vernova Inc., valued at approximately $292,000, during the second quarter of the year.
• Analysts have recently raised their price targets for GE Vernova, with Wells Fargo increasing its target from $474 to $697 and Bank of America raising its target from $550 to $620, indicating strong market confidence in the stock.
• GE Vernova reported a net margin of 3.16% and a return on equity of 13.23% in its latest quarterly earnings, with revenues increasing by 11.1% compared to the previous year.

Voisard Asset Management Group Inc. acquired a new position in shares of GE Vernova Inc. (NYSE:GEV - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 552 shares of the company's stock, valued at approximately $292,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. IMA Advisory Services Inc. purchased a new position in GE Vernova during the first quarter worth $27,000. Orion Capital Management LLC purchased a new stake in GE Vernova in the fourth quarter worth $30,000. EQ Wealth Advisors LLC purchased a new stake in GE Vernova in the first quarter worth $27,000. Mowery & Schoenfeld Wealth Management LLC increased its stake in GE Vernova by 115.2% in the first quarter. Mowery & Schoenfeld Wealth Management LLC now owns 99 shares of the company's stock worth $30,000 after purchasing an additional 53 shares during the period. Finally, 1248 Management LLC purchased a new stake in GE Vernova in the first quarter worth $31,000.

GE Vernova Stock Up 2.2%

NYSE:GEV traded up $13.61 during mid-day trading on Friday, reaching $624.61. 4,104,917 shares of the stock were exchanged, compared to its average volume of 2,689,348. GE Vernova Inc. has a 1 year low of $242.25 and a 1 year high of $677.29. The company has a 50 day simple moving average of $617.11 and a 200-day simple moving average of $477.34. The stock has a market capitalization of $170.03 billion, a P/E ratio of 128.69, a P/E/G ratio of 4.55 and a beta of 1.87.

GE Vernova (NYSE:GEV - Get Free Report) last posted its quarterly earnings data 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. The company had revenue of $9.11 billion during the quarter, compared to analysts' expectations of $8.78 billion. GE Vernova had a return on equity of 13.23% and a net margin of 3.16%.The firm's revenue for the quarter was up 11.1% on a year-over-year basis. During the same period last year, the firm earned $4.65 EPS. GE Vernova has set its FY 2025 guidance at EPS. As a group, research analysts predict that GE Vernova Inc. will post 6.59 EPS for the current year.

GE Vernova Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 18th. Investors of record on Monday, July 21st were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, July 21st. This represents a $1.00 annualized dividend and a yield of 0.2%. GE Vernova's payout ratio is currently 24.10%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on GEV. TD Cowen raised their price target on GE Vernova from $390.00 to $685.00 and gave the company a "buy" rating in a research note on Friday, July 25th. HSBC increased their price target on shares of GE Vernova from $570.00 to $580.00 and gave the stock a "hold" rating in a report on Friday, September 5th. UBS Group initiated coverage on GE Vernova in a research report on Monday, July 7th. They set a "buy" rating and a $614.00 price target for the company. Wolfe Research cut GE Vernova from an "outperform" rating to a "peer perform" rating in a research report on Friday, June 13th. Finally, Robert W. Baird boosted their price objective on GE Vernova from $568.00 to $706.00 and gave the stock an "outperform" rating in a research note on Thursday, July 24th. Four research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $592.35.

Insider Transactions at GE Vernova

In related news, CFO Kenneth Scott Parks sold 3,300 shares of GE Vernova 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 completion of the transaction, the chief financial officer directly owned 7,590 shares of the company's stock, valued at approximately $4,705,800. The trade was a 30.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, 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.