Schnieders Capital Management LLC Buys 26 Shares of GE Vernova Inc. $GEV

Schnieders Capital Management LLC lifted its stake in shares of GE Vernova Inc. (NYSE:GEV) by 1.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,564 shares of the company’s stock after purchasing an additional 26 shares during the period. Schnieders Capital Management LLC’s holdings in GE Vernova were worth $828,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the company. EQ Wealth Advisors LLC purchased a new stake in GE Vernova in the first quarter worth $27,000. IMA Advisory Services Inc. bought a new position in shares of GE Vernova during the 1st quarter worth $27,000. Mowery & Schoenfeld Wealth Management LLC increased its holdings in GE Vernova by 115.2% in the 1st quarter. Mowery & Schoenfeld Wealth Management LLC now owns 99 shares of the company’s stock worth $30,000 after acquiring an additional 53 shares during the last quarter. 1248 Management LLC purchased a new stake in GE Vernova in the 1st quarter worth about $31,000. Finally, Saudi Central Bank bought a new stake in GE Vernova in the 1st quarter valued at about $33,000.

Analyst Ratings Changes

A number of brokerages have weighed in on GEV. Robert W. Baird increased their target price on shares of GE Vernova from $568.00 to $706.00 and gave the stock an “outperform” rating in a research report on Thursday, July 24th. Redburn Partners set a $475.00 price target on shares of GE Vernova in a research note on Wednesday. Weiss Ratings reiterated a “hold (c)” rating on shares of GE Vernova in a research note on Wednesday, October 8th. Glj Research boosted their target price on shares of GE Vernova from $702.00 to $758.00 and gave the company a “buy” rating in a report on Wednesday. Finally, Rothschild Redb downgraded GE Vernova from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 15th. Four analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, eight have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, GE Vernova currently has an average rating of “Moderate Buy” and a consensus price target of $592.61.

GE Vernova Trading Down 0.4%

GEV stock opened at $599.62 on Monday. The firm has a 50 day moving average of $616.42 and a 200-day moving average of $522.14. The firm has a market capitalization of $163.23 billion, a P/E ratio of 144.49, a price-to-earnings-growth ratio of 4.34 and a beta of 1.72. GE Vernova Inc. has a 12 month low of $252.25 and a 12 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 (EPS) for the quarter, topping the consensus estimate of $1.63 by $0.23. GE Vernova had a net margin of 3.16% and a return on equity of 13.23%. The business had revenue of $9.11 billion for the quarter, compared to analysts’ expectations of $8.78 billion. During the same period in the prior year, the company posted $4.65 EPS. The business’s revenue for the quarter was up 11.1% compared to the same quarter last year. GE Vernova has set its FY 2025 guidance at EPS. Sell-side analysts predict that GE Vernova Inc. will post 6.59 EPS for the current year.

GE Vernova Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 17th. Investors 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 annualized dividend and a yield of 0.2%. GE Vernova’s dividend payout ratio (DPR) is currently 24.10%.

Insider Buying and Selling

In related 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 transaction of $2,046,000.00. Following the completion of the transaction, the chief financial officer directly owned 7,590 shares in the company, valued at $4,705,800. The trade was 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 this hyperlink. 0.15% of the stock is currently owned by insiders.

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.