May Hill Capital LLC Buys New Shares in GE Vernova Inc. $GEV

May Hill Capital LLC bought a new stake in shares of GE Vernova Inc. (NYSE:GEV) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 578 shares of the company’s stock, valued at approximately $306,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. WFA Asset Management Corp bought a new position in shares of GE Vernova during the 2nd quarter valued at $29,000. Highline Wealth Partners LLC grew its holdings in shares of GE Vernova by 34.6% during the 2nd 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. Raleigh Capital Management Inc. bought a new position in shares of GE Vernova during the 2nd quarter valued at $37,000. Advantage Trust Co bought a new position in shares of GE Vernova during the 2nd quarter valued at $40,000. Finally, Solstein Capital LLC bought a new position in shares of GE Vernova during the 2nd quarter valued at $44,000.

Insider Transactions at GE Vernova

In related news, CFO Kenneth Scott Parks sold 3,300 shares of GE Vernova stock in a transaction dated 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 completion of the transaction, 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 position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.15% of the stock is currently owned by company insiders.

Analyst Ratings Changes

GEV has been the topic of a number of recent analyst reports. UBS Group set a $710.00 price target on shares of GE Vernova in a report on Thursday. Redburn Partners set a $475.00 price target on shares of GE Vernova in a report on Wednesday, October 15th. Wells Fargo & Company raised their price target on shares of GE Vernova from $697.00 to $717.00 and gave the stock an “overweight” rating in a report on Friday. Seaport Res Ptn raised shares of GE Vernova to a “strong-buy” rating in a report on Thursday, July 10th. Finally, Mizuho cut their price target on shares of GE Vernova from $677.00 to $660.00 and set a “neutral” rating on the stock in a report on Friday. Four 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 stock. According to MarketBeat.com, GE Vernova presently has a consensus rating of “Moderate Buy” and an average target price of $607.07.

GE Vernova Trading Up 0.0%

NYSE:GEV opened at $584.50 on Tuesday. The company has a 50-day moving average price of $610.51 and a 200-day moving average price of $534.28. GE Vernova Inc. has a 12 month low of $252.25 and a 12 month high of $677.29. The stock has a market cap of $158.59 billion, a price-to-earnings ratio of 95.20, a P/E/G ratio of 4.22 and a beta of 1.72.

GE Vernova (NYSE:GEV) last posted its earnings results on Wednesday, October 22nd. The company reported $1.64 EPS for the quarter, missing the consensus estimate of $1.72 by ($0.08). GE Vernova had a return on equity of 17.07% and a net margin of 4.52%.The company had revenue of $9.97 billion during the quarter, compared to analysts’ expectations of $9.15 billion. During the same period in the prior year, the business posted ($0.35) earnings per share. The company’s revenue for the quarter was up 11.8% on a year-over-year basis. GE Vernova has set its FY 2025 guidance at EPS. Equities analysts forecast that GE Vernova Inc. will post 6.59 EPS for the current fiscal year.

GE Vernova Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 17th. Investors of record on Monday, October 20th will be given 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 is Monday, October 20th. GE Vernova’s dividend payout ratio (DPR) is 16.29%.

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.