Vanguard Personalized Indexing Management LLC Purchases 7,591 Shares of GE Vernova Inc. $GEV

Vanguard Personalized Indexing Management LLC raised its position in shares of GE Vernova Inc. (NYSE:GEV) by 25.1% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 37,872 shares of the company’s stock after purchasing an additional 7,591 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in GE Vernova were worth $20,638,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in GEV. AQR Capital Management LLC boosted its holdings in shares of GE Vernova by 252.9% during the 1st quarter. AQR Capital Management LLC now owns 1,245,420 shares of the company’s stock valued at $366,016,000 after acquiring an additional 892,549 shares during the last quarter. Amundi boosted its holdings in shares of GE Vernova by 109.0% during the 1st quarter. Amundi now owns 1,665,980 shares of the company’s stock valued at $496,013,000 after acquiring an additional 868,927 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of GE Vernova by 10,044.9% during the 2nd quarter. Assenagon Asset Management S.A. now owns 842,433 shares of the company’s stock valued at $445,773,000 after acquiring an additional 834,129 shares during the last quarter. TD Asset Management Inc boosted its holdings in shares of GE Vernova by 627.2% during the 1st quarter. TD Asset Management Inc now owns 926,842 shares of the company’s stock valued at $282,946,000 after acquiring an additional 799,388 shares during the last quarter. Finally, Nuveen LLC purchased a new stake in shares of GE Vernova during the 1st quarter valued at about $223,556,000.

GE Vernova Price Performance

Shares of NYSE:GEV opened at $606.30 on Friday. GE Vernova Inc. has a 1-year low of $252.25 and a 1-year high of $677.29. The company has a market capitalization of $165.05 billion, a P/E ratio of 146.10, a P/E/G ratio of 4.40 and a beta of 1.72. The firm’s 50 day simple moving average is $619.64 and its two-hundred day simple moving average is $509.80.

GE Vernova (NYSE:GEV) last issued its quarterly earnings results on Wednesday, July 23rd. The company reported $1.86 earnings per share for the quarter, beating 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 the consensus estimate of $8.78 billion. During the same quarter in the previous year, the firm earned $4.65 earnings per share. The company’s revenue for the quarter was up 11.1% on a year-over-year basis. GE Vernova has set its FY 2025 guidance at EPS. On average, sell-side analysts anticipate that GE Vernova Inc. will post 6.59 earnings per share 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. Shareholders of record on Monday, October 20th will be issued 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 payout ratio is currently 24.10%.

Insiders Place Their Bets

In other GE Vernova news, CFO Kenneth Scott Parks sold 3,300 shares of GE Vernova stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $620.00, for a total transaction of $2,046,000.00. Following the transaction, 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.15% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have recently issued reports on GEV shares. JPMorgan Chase & Co. raised their price target on shares of GE Vernova from $620.00 to $715.00 and gave the company an “overweight” rating in a report on Thursday, July 24th. UBS Group began coverage on shares of GE Vernova in a report on Monday, July 7th. They issued a “buy” rating and a $614.00 price objective on the stock. Robert W. Baird raised their price objective on shares of GE Vernova from $568.00 to $706.00 and gave the stock an “outperform” rating in a report on Thursday, July 24th. Mizuho downgraded shares of GE Vernova from an “outperform” rating to a “neutral” rating and set a $670.00 price objective on the stock. in a report on Monday, July 28th. Finally, TD Cowen raised their price objective on shares of GE Vernova from $390.00 to $685.00 and gave the stock a “buy” rating in a report on Friday, July 25th. Four investment analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat, GE Vernova has a consensus rating of “Moderate Buy” and an average target price of $598.50.

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.