Dakota Wealth Management Reduces Stock Holdings in GE Vernova Inc. $GEV

Dakota Wealth Management decreased its position in GE Vernova Inc. (NYSE:GEV) by 5.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,527 shares of the company’s stock after selling 84 shares during the period. Dakota Wealth Management’s holdings in GE Vernova were worth $808,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Brighton Jones LLC boosted its holdings in shares of GE Vernova by 29.4% in the fourth quarter. Brighton Jones LLC now owns 3,315 shares of the company’s stock worth $1,091,000 after acquiring an additional 753 shares during the period. Centaurus Financial Inc. boosted its holdings in shares of GE Vernova by 94.4% in the fourth quarter. Centaurus Financial Inc. now owns 1,600 shares of the company’s stock worth $526,000 after acquiring an additional 777 shares during the period. NorthCrest Asset Manangement LLC bought a new position in shares of GE Vernova in the fourth quarter worth $237,000. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of GE Vernova by 24.4% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,409 shares of the company’s stock worth $430,000 after acquiring an additional 276 shares during the period. Finally, First Hawaiian Bank bought a new position in shares of GE Vernova in the first quarter worth $341,000.

GE Vernova Trading Down 0.4%

Shares of NYSE:GEV opened at $605.21 on Friday. The stock’s 50-day moving average price is $622.99 and its 200-day moving average price is $490.14. GE Vernova Inc. has a 12-month low of $248.50 and a 12-month high of $677.29. The stock has a market capitalization of $164.75 billion, a P/E ratio of 145.83, a price-to-earnings-growth ratio of 4.41 and a beta of 1.87.

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

GE Vernova Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on GEV shares. Glj Research initiated coverage on GE Vernova in a report on Monday, June 23rd. They issued a “buy” rating for the company. Jefferies Financial Group increased their price objective on GE Vernova from $658.00 to $668.00 and gave the stock a “hold” rating in a research report on Friday, September 12th. HSBC increased their price objective on GE Vernova from $570.00 to $580.00 and gave the stock a “hold” rating in a research report on Friday, September 5th. Wolfe Research downgraded GE Vernova from an “outperform” rating to a “peer perform” rating in a research report on Friday, June 13th. Finally, TD Cowen increased their price objective on GE Vernova from $390.00 to $685.00 and gave the stock a “buy” rating in a research report on Friday, July 25th. Four research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, GE Vernova currently has a consensus rating of “Moderate Buy” and a consensus target price of $592.35.

Insider Activity

In related 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 $4,705,800. This trade represents a 30.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.15% of the stock is 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.