Baird Financial Group Inc. Increases Stock Holdings in GE Vernova Inc. $GEV

Baird Financial Group Inc. lifted its stake in GE Vernova Inc. (NYSE:GEV) by 8.2% in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,684,673 shares of the company’s stock after purchasing an additional 128,030 shares during the quarter. GE Vernova comprises 1.0% of Baird Financial Group Inc.’s portfolio, making the stock its 21st biggest holding. Baird Financial Group Inc. owned about 0.62% of GE Vernova worth $514,297,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. EQ Wealth Advisors LLC bought a new position in shares of GE Vernova during the first quarter valued at approximately $27,000. IMA Advisory Services Inc. bought a new position in shares of GE Vernova during the first quarter valued at approximately $27,000. Clarity Asset Management Inc. bought a new position in shares of GE Vernova during the fourth quarter valued at approximately $28,000. Orion Capital Management LLC bought a new position in shares of GE Vernova during the fourth quarter valued at approximately $30,000. Finally, Mowery & Schoenfeld Wealth Management LLC boosted its holdings in shares of GE Vernova by 115.2% in the first quarter. Mowery & Schoenfeld Wealth Management LLC now owns 99 shares of the company’s stock valued at $30,000 after purchasing an additional 53 shares during the period.

Insiders Place Their Bets

In other GE Vernova news, CFO Kenneth Scott Parks sold 3,300 shares of the company’s stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of $620.00, for a total transaction of $2,046,000.00. Following the completion of the sale, 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 at the SEC website. 0.15% of the stock is currently owned by corporate insiders.

GE Vernova Stock Down 3.0%

GE Vernova stock opened at $614.60 on Friday. The business has a fifty day moving average of $589.73 and a two-hundred day moving average of $449.81. The firm has a market cap of $167.31 billion, a P/E ratio of 148.10, a P/E/G ratio of 4.38 and a beta of 1.90. GE Vernova Inc. has a twelve month low of $185.35 and a twelve month high of $677.29.

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

GE Vernova Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, August 18th. Shareholders of record on Monday, July 21st were issued a dividend of $0.25 per share. The ex-dividend date was Monday, July 21st. This represents a $1.00 dividend on an annualized basis and a yield of 0.2%. GE Vernova’s dividend payout ratio is currently 24.10%.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Royal Bank Of Canada reiterated an “outperform” rating on shares of GE Vernova in a report on Thursday, July 24th. Susquehanna boosted their price target on GE Vernova from $662.00 to $736.00 and gave the company a “positive” rating in a report on Thursday, July 24th. UBS Group assumed coverage on GE Vernova in a report on Monday, July 7th. They issued a “buy” rating and a $614.00 price target for the company. Wells Fargo & Company boosted their price target on GE Vernova from $474.00 to $697.00 and gave the company an “overweight” rating in a report on Thursday, July 24th. Finally, JPMorgan Chase & Co. boosted their price target on GE Vernova from $620.00 to $715.00 and gave the company an “overweight” rating in a report on Thursday, July 24th. Four analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $560.21.

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.