Lighthouse Financial LLC Decreases Holdings in GE Vernova Inc. $GEV

Lighthouse Financial LLC trimmed its holdings in shares of GE Vernova Inc. (NYSE:GEV) by 11.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,903 shares of the company’s stock after selling 256 shares during the period. GE Vernova comprises approximately 0.8% of Lighthouse Financial LLC’s investment portfolio, making the stock its 25th largest holding. Lighthouse Financial LLC’s holdings in GE Vernova were worth $1,007,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. AQR Capital Management LLC raised its position 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 worth $366,016,000 after acquiring an additional 892,549 shares during the period. Amundi increased its stake in shares of 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. raised its holdings in shares of GE Vernova by 10,044.9% in the 2nd quarter. Assenagon Asset Management S.A. now owns 842,433 shares of the company’s stock worth $445,773,000 after purchasing an additional 834,129 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 purchasing an additional 799,388 shares during the last quarter. Finally, Nuveen LLC purchased a new position in GE Vernova in the first quarter valued at approximately $223,556,000.

Wall Street Analysts Forecast Growth

GEV has been the subject of a number of recent research reports. Rothschild Redb downgraded GE Vernova from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 15th. Wells Fargo & Company lifted their price objective on GE Vernova from $697.00 to $717.00 and gave the stock an “overweight” rating in a report on Friday, October 24th. JPMorgan Chase & Co. boosted their price objective on GE Vernova from $715.00 to $740.00 and gave the company an “overweight” rating in a research note on Thursday, October 23rd. Citigroup cut their target price on shares of GE Vernova from $670.00 to $658.00 and set a “neutral” rating for the company in a research report on Thursday, October 23rd. Finally, Redburn Partners set a $475.00 target price on shares of GE Vernova in a research note on Wednesday, October 15th. Four equities research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $607.81.

Insider Buying and Selling

In other GE Vernova news, CFO Kenneth Scott Parks sold 3,300 shares of the firm’s stock in a transaction 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 directly owned 7,590 shares of the company’s stock, valued at $4,705,800. This trade represents a 30.30% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.15% of the stock is currently owned by insiders.

GE Vernova Stock Down 0.3%

Shares of NYSE GEV opened at $576.48 on Tuesday. The company has a market cap of $156.41 billion, a P/E ratio of 93.89, a P/E/G ratio of 4.30 and a beta of 1.69. 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 simple moving average of $600.40 and a two-hundred day simple moving average of $559.92.

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

GE Vernova Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, November 17th. Shareholders of record on Monday, October 20th were paid a $0.25 dividend. The ex-dividend date was Monday, October 20th. This represents a $1.00 annualized dividend and a yield of 0.2%. GE Vernova’s dividend payout ratio is currently 16.29%.

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.