YHB Investment Advisors Inc. Sells 1,283 Shares of GE Vernova Inc. $GEV

Key Points

• YHB Investment Advisors Inc. reduced its stake in GE Vernova Inc. by 18.6%, selling 1,283 shares and holding 5,599 shares valued at approximately $2.96 million.
• GE Vernova reported a quarterly earnings per share of $1.86, surpassing expectations and demonstrating an 11.1% year-over-year revenue growth to $9.11 billion.
• The company announced a quarterly dividend of $0.25 per share, reflecting an annual yield of 0.2% with a payout ratio of 24.10%.

YHB Investment Advisors Inc. lessened its holdings in shares of GE Vernova Inc. (NYSE:GEV - Free Report) by 18.6% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 5,599 shares of the company's stock after selling 1,283 shares during the period. YHB Investment Advisors Inc.'s holdings in GE Vernova were worth $2,963,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. GAMMA Investing LLC lifted its stake in shares of GE Vernova by 32,984.2% during the first quarter. GAMMA Investing LLC now owns 2,141,539 shares of the company's stock valued at $653,769,000 after acquiring an additional 2,135,066 shares during the period. AQR Capital Management LLC lifted its stake in GE Vernova by 252.9% in the first quarter. AQR Capital Management LLC now owns 1,245,420 shares of the company's stock valued at $366,016,000 after buying an additional 892,549 shares during the period. Amundi lifted its stake in GE Vernova by 109.0% in the first quarter. Amundi now owns 1,665,980 shares of the company's stock valued at $496,013,000 after buying an additional 868,927 shares during the period. TD Asset Management Inc lifted its stake in GE Vernova by 627.2% in the first quarter. TD Asset Management Inc now owns 926,842 shares of the company's stock valued at $282,946,000 after buying an additional 799,388 shares during the period. Finally, Nuveen LLC acquired a new position in GE Vernova in the first quarter valued at about $223,556,000.

GE Vernova Stock Up 2.2%

Shares of 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. The company has a market cap of $170.03 billion, a P/E ratio of 150.51, a P/E/G ratio of 4.45 and a beta of 1.87. GE Vernova Inc. has a one year low of $242.25 and a one year high of $677.29. The stock's 50 day simple moving average is $617.11 and its 200-day simple moving average is $477.34.

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 (EPS) for the quarter, topping analysts' consensus estimates of $1.63 by $0.23. The business had revenue of $9.11 billion during the quarter, compared to the consensus estimate of $8.78 billion. GE Vernova had a return on equity of 13.23% and a net margin of 3.16%.GE Vernova's quarterly revenue was up 11.1% on a year-over-year basis. During the same period last year, the company earned $4.65 earnings per share. GE Vernova has set its FY 2025 guidance at EPS. Analysts anticipate 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. Shareholders of record on Monday, July 21st were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date was Monday, July 21st. GE Vernova's dividend payout ratio (DPR) is currently 24.10%.

Analysts Set New Price Targets

Several equities analysts have weighed in on GEV shares. Bank of America increased their target price on GE Vernova from $550.00 to $620.00 and gave the company a "buy" rating in a research note on Thursday, July 17th. The Goldman Sachs Group increased their target price on GE Vernova from $500.00 to $570.00 and gave the company a "buy" rating in a research note on Tuesday, June 10th. Morgan Stanley increased their target price on GE Vernova from $511.00 to $675.00 and gave the company an "overweight" rating in a research note on Thursday, July 24th. Wolfe Research lowered GE Vernova from an "outperform" rating to a "peer perform" rating in a research note on Friday, June 13th. Finally, Glj Research began coverage on GE Vernova in a research report on Monday, June 23rd. They set a "buy" rating on the stock. Four analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $592.35.

Insiders Place Their Bets

In other GE Vernova news, CFO Kenneth Scott Parks sold 3,300 shares of the firm's stock in a transaction that occurred on 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 $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 available through this link. 0.15% of the stock is currently owned by corporate insiders.

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.