Yousif Capital Management LLC Has $17.80 Million Position in GE Vernova Inc. $GEV

Yousif Capital Management LLC reduced its position in shares of GE Vernova Inc. (NYSE:GEV) by 2.3% during the 2nd quarter, Holdings Channel.com reports. The firm owned 33,629 shares of the company’s stock after selling 777 shares during the period. Yousif Capital Management LLC’s holdings in GE Vernova were worth $17,795,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd acquired a new stake in GE Vernova during the 1st quarter valued at $912,000. Pines Wealth Management LLC acquired a new position in shares of GE Vernova in the second quarter worth $408,000. Resona Asset Management Co. Ltd. increased its stake in shares of GE Vernova by 8.2% in the first quarter. Resona Asset Management Co. Ltd. now owns 86,021 shares of the company’s stock worth $26,229,000 after acquiring an additional 6,551 shares during the last quarter. Lockheed Martin Investment Management Co. acquired a new position in shares of GE Vernova in the first quarter worth $458,000. Finally, Golden State Wealth Management LLC increased its stake in shares of GE Vernova by 201.7% in the first quarter. Golden State Wealth Management LLC now owns 1,222 shares of the company’s stock worth $373,000 after acquiring an additional 817 shares during the last quarter.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. Melius Research set a $740.00 price target on shares of GE Vernova and gave the stock a “buy” rating in a research note on Monday, September 15th. Morgan Stanley upped their price target on shares of GE Vernova from $511.00 to $675.00 and gave the stock an “overweight” rating in a research note on Thursday, July 24th. Jefferies Financial Group upped their price target on shares of GE Vernova from $658.00 to $668.00 and gave the stock a “hold” rating in a research note on Friday, September 12th. TD Cowen upped their price target on shares of GE Vernova from $390.00 to $685.00 and gave the stock a “buy” rating in a research note on Friday, July 25th. Finally, Mizuho downgraded shares of GE Vernova from an “outperform” rating to a “neutral” rating and set a $670.00 price target on the stock. in a research note on Monday, July 28th. Four research 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 company’s stock. According to MarketBeat.com, GE Vernova has a consensus rating of “Moderate Buy” and an average price target of $598.50.

Insider Activity

In other news, CFO Kenneth Scott Parks sold 3,300 shares of the firm’s stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $620.00, for a total value of $2,046,000.00. Following the sale, the chief financial officer directly owned 7,590 shares of the company’s stock, valued at approximately $4,705,800. This trade represents a 30.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.15% of the company’s stock.

GE Vernova Trading Down 4.4%

Shares of NYSE:GEV opened at $606.30 on Monday. The stock has a market capitalization of $165.05 billion, a PE ratio of 146.10, a P/E/G ratio of 4.38 and a beta of 1.72. GE Vernova Inc. has a 1 year low of $252.25 and a 1 year high of $677.29. The firm has a fifty day moving average price of $619.64 and a 200 day moving average price of $511.24.

GE Vernova (NYSE:GEV) last issued its quarterly earnings data on Wednesday, July 23rd. The company reported $1.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.63 by $0.23. GE Vernova had a net margin of 3.16% and a return on equity of 13.23%. The firm had revenue of $9.11 billion during the quarter, compared to analysts’ expectations of $8.78 billion. During the same period in the prior year, the company posted $4.65 earnings per share. GE Vernova’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 forecast that GE Vernova Inc. will post 6.59 earnings per share for the current fiscal year.

GE Vernova Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 17th. Stockholders of record on Monday, October 20th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend is Monday, October 20th. GE Vernova’s dividend payout ratio (DPR) is currently 24.10%.

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.