GE Vernova Inc. $GEV Shares Acquired by SBI Securities Co. Ltd.

SBI Securities Co. Ltd. increased its stake in shares of GE Vernova Inc. (NYSE:GEV) by 25.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,632 shares of the company’s stock after purchasing an additional 1,158 shares during the quarter. SBI Securities Co. Ltd.’s holdings in GE Vernova were worth $2,980,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd purchased a new position in GE Vernova during the 1st quarter valued at about $912,000. Pines Wealth Management LLC acquired a new stake in shares of GE Vernova in the second quarter valued at approximately $408,000. Resona Asset Management Co. Ltd. increased its stake in shares of GE Vernova by 8.2% during the 1st quarter. Resona Asset Management Co. Ltd. now owns 86,021 shares of the company’s stock worth $26,229,000 after purchasing an additional 6,551 shares in the last quarter. Dupree Financial Group LLC acquired a new position in shares of GE Vernova during the 2nd quarter worth approximately $253,000. Finally, Lockheed Martin Investment Management Co. purchased a new stake in GE Vernova in the 1st quarter valued at approximately $458,000.

GE Vernova Stock Down 0.2%

Shares of GEV stock opened at $575.07 on Thursday. GE Vernova Inc. has a 52 week low of $252.25 and a 52 week high of $677.29. The business has a 50 day moving average of $601.77 and a two-hundred day moving average of $554.47. The company has a market cap of $156.03 billion, a P/E ratio of 93.66, a PEG ratio of 4.28 and a beta of 1.68.

GE Vernova (NYSE:GEV) last issued its quarterly earnings data on Wednesday, October 22nd. The company reported $1.64 earnings per share for the quarter, missing analysts’ consensus estimates of $1.72 by ($0.08). GE Vernova had a net margin of 4.52% and a return on equity of 17.07%. The company had revenue of $9.97 billion for the quarter, compared to the consensus estimate of $9.15 billion. During the same quarter in the prior year, the firm earned ($0.35) earnings per share. GE Vernova’s revenue for the quarter was up 11.8% compared to the same quarter last year. GE Vernova has set its FY 2025 guidance at EPS. Analysts expect that GE Vernova Inc. will post 6.59 EPS for the current fiscal year.

GE Vernova Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, November 17th. Stockholders of record on Monday, October 20th will be paid 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 dividend yield of 0.2%. GE Vernova’s dividend payout ratio (DPR) is 16.29%.

Wall Street Analyst Weigh In

GEV has been the topic of a number of analyst reports. Rothschild & Co Redburn reaffirmed a “sell” rating and set a $475.00 price objective on shares of GE Vernova in a research note on Wednesday, October 15th. Glj Research upped their price objective on shares of GE Vernova from $702.00 to $758.00 and gave the company a “buy” rating in a research note on Wednesday, October 15th. Royal Bank Of Canada lifted their target price on shares of GE Vernova from $605.00 to $630.00 and gave the stock a “sector perform” rating in a research note on Thursday, October 23rd. Mizuho reduced their price target on GE Vernova from $677.00 to $660.00 and set a “neutral” rating on the stock in a research note on Friday, October 24th. Finally, Barclays raised their price objective on GE Vernova from $706.00 to $710.00 and gave the stock an “overweight” rating in a report on Thursday, October 23rd. Four research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, GE Vernova presently has a consensus rating of “Moderate Buy” and a consensus target price of $607.81.

Insider Buying and Selling

In other GE Vernova news, CFO Kenneth Scott Parks sold 3,300 shares of the business’s stock in a transaction dated 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 sale, the chief financial officer owned 7,590 shares of the company’s stock, valued at $4,705,800. The trade was a 30.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.15% of the stock is 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.