CHURCHILL MANAGEMENT Corp Buys 101 Shares of GE Vernova Inc. $GEV

CHURCHILL MANAGEMENT Corp increased its stake in GE Vernova Inc. (NYSE:GEV) by 0.2% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 46,827 shares of the company’s stock after acquiring an additional 101 shares during the period. CHURCHILL MANAGEMENT Corp’s holdings in GE Vernova were worth $24,778,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. AQR Capital Management LLC lifted its stake 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 valued at $366,016,000 after acquiring an additional 892,549 shares during the period. Amundi raised its holdings in GE Vernova by 109.0% during the 1st quarter. Amundi now owns 1,665,980 shares of the company’s stock worth $496,013,000 after purchasing an additional 868,927 shares during the last quarter. Assenagon Asset Management S.A. lifted its position 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 during the period. TD Asset Management Inc lifted its position in GE Vernova by 627.2% during 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 period. Finally, Nuveen LLC bought a new position in shares of GE Vernova in the 1st quarter valued at about $223,556,000.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on GEV shares. Wells Fargo & Company boosted their price target on shares of GE Vernova from $474.00 to $697.00 and gave the stock an “overweight” rating in a research note on Thursday, July 24th. Wall Street Zen cut shares of GE Vernova from a “buy” rating to a “hold” rating in a research report on Saturday, July 26th. Guggenheim downgraded GE Vernova from a “buy” rating to a “neutral” rating in a research note on Monday, July 28th. Barclays lifted their price objective on GE Vernova from $580.00 to $706.00 and gave the stock an “overweight” rating in a research note on Thursday, July 24th. Finally, Glj Research began coverage on GE Vernova in a research note on Monday, June 23rd. They issued a “buy” rating on the stock. Four analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $598.50.

Insiders Place Their Bets

In other news, CFO Kenneth Scott Parks sold 3,300 shares of the company’s stock in a transaction that occurred on Tuesday, August 26th. The shares were 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 owned 7,590 shares in the company, valued at $4,705,800. This represents a 30.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.15% of the company’s stock.

GE Vernova Trading Down 1.3%

Shares of GE Vernova stock opened at $606.97 on Thursday. The stock’s fifty day simple moving average is $624.54 and its 200 day simple moving average is $495.09. The company has a market capitalization of $165.23 billion, a PE ratio of 146.26, a PEG ratio of 4.48 and a beta of 1.74. GE Vernova Inc. has a 12 month low of $248.50 and a 12 month high of $677.29.

GE Vernova (NYSE:GEV) last announced its quarterly earnings results on Wednesday, July 23rd. The company reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.63 by $0.23. The company 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%.The company’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same period in the prior year, the company earned $4.65 earnings per share. GE Vernova has set its FY 2025 guidance at EPS. Analysts predict 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 issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.2%. The ex-dividend date is Monday, October 20th. GE Vernova’s dividend payout ratio (DPR) is 24.10%.

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.