Schroder Investment Management Group Acquires 310,468 Shares of GE Vernova Inc. $GEV

Schroder Investment Management Group grew its stake in GE Vernova Inc. (NYSE:GEV) by 47.4% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 965,082 shares of the company’s stock after buying an additional 310,468 shares during the quarter. Schroder Investment Management Group’s holdings in GE Vernova were worth $510,673,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Sachetta LLC raised its position in GE Vernova by 10.7% in the 2nd quarter. Sachetta LLC now owns 165 shares of the company’s stock valued at $87,000 after buying an additional 16 shares during the last quarter. Good Life Advisors LLC lifted its position in shares of GE Vernova by 1.0% in the second quarter. Good Life Advisors LLC now owns 1,654 shares of the company’s stock worth $875,000 after purchasing an additional 16 shares in the last quarter. Bell Investment Advisors Inc grew its position in GE Vernova by 6.7% in the second quarter. Bell Investment Advisors Inc now owns 256 shares of the company’s stock valued at $135,000 after purchasing an additional 16 shares in the last quarter. AMG National Trust Bank lifted its position in GE Vernova by 1.5% during the 2nd quarter. AMG National Trust Bank now owns 1,145 shares of the company’s stock worth $606,000 after buying an additional 17 shares in the last quarter. Finally, Highline Wealth Partners LLC boosted its position in GE Vernova by 34.6% during the second quarter. Highline Wealth Partners LLC now owns 70 shares of the company’s stock valued at $37,000 after purchasing an additional 18 shares during the last quarter.

GE Vernova Price Performance

GEV stock opened at $597.59 on Friday. GE Vernova Inc. has a 1 year low of $252.25 and a 1 year high of $677.29. The company’s 50-day moving average is $592.17 and its 200-day moving average is $568.67. The stock has a market capitalization of $162.14 billion, a PE ratio of 97.33, a price-to-earnings-growth ratio of 4.39 and a beta of 1.68.

GE Vernova (NYSE:GEV) last announced its quarterly earnings results on Wednesday, October 22nd. The company reported $1.64 EPS 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 business had revenue of $9.97 billion for the quarter, compared to the consensus estimate of $9.15 billion. During the same quarter last year, the firm posted ($0.35) EPS. The business’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. On average, analysts anticipate that GE Vernova Inc. will post 6.59 earnings per share for the current fiscal year.

GE Vernova Dividend Announcement

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

Wall Street Analyst Weigh In

A number of brokerages have commented on GEV. Barclays increased their price target on shares of GE Vernova from $706.00 to $710.00 and gave the company an “overweight” rating in a research note on Thursday, October 23rd. Glj Research raised their price target on shares of GE Vernova from $702.00 to $758.00 and gave the stock a “buy” rating in a research report on Wednesday, October 15th. Rothschild Redb downgraded GE Vernova from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 15th. Jefferies Financial Group reiterated a “hold” rating and issued a $654.00 price target on shares of GE Vernova in a research note on Monday, October 27th. Finally, Mizuho cut their target price on shares of GE Vernova from $677.00 to $660.00 and set a “neutral” rating on the stock in a research report on Friday, October 24th. Four 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 assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $607.81.

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.