Callan Family Office LLC Has $3.48 Million Position in GE Vernova Inc. $GEV

Callan Family Office LLC increased its stake in shares of GE Vernova Inc. (NYSE:GEV) by 216.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,581 shares of the company’s stock after purchasing an additional 4,502 shares during the quarter. Callan Family Office LLC’s holdings in GE Vernova were worth $3,482,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in shares of GE Vernova by 1.8% during the first quarter. Vanguard Group Inc. now owns 24,392,613 shares of the company’s stock worth $7,446,577,000 after purchasing an additional 432,830 shares during the period. Goldman Sachs Group Inc. boosted its holdings in shares of GE Vernova by 7.4% during the first quarter. Goldman Sachs Group Inc. now owns 3,129,958 shares of the company’s stock worth $955,513,000 after purchasing an additional 214,483 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of GE Vernova by 21.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,080,006 shares of the company’s stock worth $634,984,000 after purchasing an additional 367,150 shares during the period. Wellington Management Group LLP boosted its holdings in shares of GE Vernova by 50.9% during the first quarter. Wellington Management Group LLP now owns 2,029,948 shares of the company’s stock worth $619,703,000 after purchasing an additional 684,794 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its holdings in shares of GE Vernova by 47.4% during the first quarter. Massachusetts Financial Services Co. MA now owns 1,937,018 shares of the company’s stock worth $591,333,000 after purchasing an additional 622,730 shares during the period.

Insider Transactions 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 shares were sold at an average price of $620.00, for a total transaction of $2,046,000.00. Following the transaction, the chief financial officer 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 legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.15% of the company’s stock.

Wall Street Analysts Forecast Growth

GEV has been the subject of a number of analyst reports. Guggenheim cut shares of GE Vernova from a “buy” rating to a “neutral” rating in a research note on Monday, July 28th. Weiss Ratings reiterated a “hold (c)” rating on shares of GE Vernova in a research note on Wednesday. Susquehanna lifted their target price on shares of GE Vernova from $662.00 to $736.00 and gave the company a “positive” rating in a research note on Thursday, July 24th. JPMorgan Chase & Co. lifted their target price on shares of GE Vernova from $620.00 to $715.00 and gave the company an “overweight” rating in a research note on Thursday, July 24th. Finally, Jefferies Financial Group lifted their target price on shares of GE Vernova from $658.00 to $668.00 and gave the company a “hold” rating in a research note on Friday, September 12th. Four analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $598.50.

GE Vernova Stock Down 4.4%

NYSE:GEV opened at $606.30 on Friday. GE Vernova Inc. has a 12 month low of $252.25 and a 12 month high of $677.29. The firm has a market cap of $165.05 billion, a price-to-earnings ratio of 146.10, a P/E/G ratio of 4.61 and a beta of 1.72. The company’s 50 day moving average is $619.64 and its 200-day moving average is $508.47.

GE Vernova (NYSE:GEV) last released its quarterly earnings results on Wednesday, July 23rd. The company reported $1.86 EPS for the quarter, beating analysts’ consensus estimates of $1.63 by $0.23. GE Vernova had a net margin of 3.16% and a return on equity of 13.23%. The company had revenue of $9.11 billion for the quarter, compared to analyst estimates of $8.78 billion. During the same quarter last year, the firm posted $4.65 earnings per share. The company’s quarterly revenue was up 11.1% compared to the same quarter last year. GE Vernova has set its FY 2025 guidance at EPS. Research analysts predict that GE Vernova Inc. will post 6.59 EPS for the current fiscal year.

GE Vernova Announces Dividend

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

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.