Lodestar Private Asset Management LLC Acquires Shares of 392 GE Vernova Inc. $GEV

Lodestar Private Asset Management LLC acquired a new stake in shares of GE Vernova Inc. (NYSE:GEV) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 392 shares of the company’s stock, valued at approximately $207,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Personalized Indexing Management LLC boosted its holdings in shares of GE Vernova by 25.1% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 37,872 shares of the company’s stock worth $20,638,000 after acquiring an additional 7,591 shares during the period. Johnson Investment Counsel Inc. boosted its holdings in shares of GE Vernova by 3.1% in the second quarter. Johnson Investment Counsel Inc. now owns 19,346 shares of the company’s stock worth $10,237,000 after acquiring an additional 584 shares during the period. waypoint wealth counsel bought a new position in shares of GE Vernova in the second quarter worth $438,000. 1858 Wealth Management LLC boosted its holdings in shares of GE Vernova by 4.0% in the second quarter. 1858 Wealth Management LLC now owns 9,538 shares of the company’s stock worth $5,047,000 after acquiring an additional 368 shares during the period. Finally, Apollon Wealth Management LLC boosted its holdings in shares of GE Vernova by 17.8% in the second quarter. Apollon Wealth Management LLC now owns 30,457 shares of the company’s stock worth $16,116,000 after acquiring an additional 4,609 shares during the period.

Insiders Place Their Bets

In other GE Vernova 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 transaction of $2,046,000.00. Following the sale, the chief financial officer owned 7,590 shares in the company, 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 SEC, which is available at this hyperlink. 0.15% of the stock is owned by insiders.

GE Vernova Stock Performance

Shares of GEV stock opened at $606.30 on Monday. GE Vernova Inc. has a 52-week low of $252.25 and a 52-week high of $677.29. The company has a market capitalization of $165.05 billion, a PE ratio of 146.10, a price-to-earnings-growth ratio of 4.38 and a beta of 1.72. The business’s fifty day moving average is $619.64 and its 200 day moving average is $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 return on equity of 13.23% and a net margin of 3.16%.The company had revenue of $9.11 billion for the quarter, compared to the consensus estimate of $8.78 billion. During the same quarter last year, the business posted $4.65 earnings per share. The firm’s revenue was up 11.1% compared to the same quarter last year. GE Vernova has set its FY 2025 guidance at EPS. On average, sell-side analysts forecast that GE Vernova Inc. will post 6.59 EPS 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 given a dividend of $0.25 per share. The ex-dividend date is Monday, October 20th. This represents a $1.00 dividend on an annualized basis and a yield of 0.2%. GE Vernova’s dividend payout ratio (DPR) is presently 24.10%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on GEV shares. Seaport Res Ptn raised GE Vernova to a “strong-buy” rating in a report on Thursday, July 10th. Guggenheim lowered GE Vernova from a “buy” rating to a “neutral” rating in a report on Monday, July 28th. Melius raised GE Vernova from a “hold” rating to a “buy” rating and set a $740.00 price target for the company in a report on Monday, September 15th. Morgan Stanley raised their price target on GE Vernova from $511.00 to $675.00 and gave the stock an “overweight” rating in a report on Thursday, July 24th. Finally, UBS Group started coverage on GE Vernova in a report on Monday, July 7th. They issued a “buy” rating and a $614.00 price target for the company. Four equities research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $598.50.

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.