Nvwm LLC Increases Stock Position in GE Vernova Inc. $GEV

Nvwm LLC grew its position in shares of GE Vernova Inc. (NYSE:GEV) by 98,760.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,943 shares of the company’s stock after purchasing an additional 4,938 shares during the period. Nvwm LLC’s holdings in GE Vernova were worth $2,616,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. IMA Advisory Services Inc. bought a new position in GE Vernova during the first quarter valued at $27,000. WFA Asset Management Corp bought a new stake in GE Vernova during the second quarter worth approximately $29,000. Mowery & Schoenfeld Wealth Management LLC raised its position in GE Vernova by 115.2% during the first quarter. Mowery & Schoenfeld Wealth Management LLC now owns 99 shares of the company’s stock valued at $30,000 after purchasing an additional 53 shares during the period. 1248 Management LLC bought a new stake in shares of GE Vernova in the 1st quarter valued at approximately $31,000. Finally, Saudi Central Bank purchased a new position in shares of GE Vernova in the 1st quarter worth approximately $33,000.

Insider Activity at GE Vernova

In related news, CFO Kenneth Scott Parks sold 3,300 shares of the business’s 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 completion of the transaction, the chief financial officer owned 7,590 shares in the company, valued at $4,705,800. The trade was a 30.30% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.15% of the stock is currently owned by company insiders.

GE Vernova Stock Down 1.8%

Shares of GEV stock opened at $549.81 on Friday. The company’s 50 day moving average is $603.35 and its 200 day moving average is $546.47. The firm has a market cap of $149.17 billion, a price-to-earnings ratio of 89.55, a PEG ratio of 4.16 and a beta of 1.68. GE Vernova Inc. has a 52-week low of $252.25 and a 52-week high of $677.29.

GE Vernova (NYSE:GEV) last released its quarterly 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 the consensus estimate of $9.15 billion. During the same period in the previous year, the firm posted ($0.35) earnings per share. The company’s revenue was up 11.8% on a year-over-year basis. GE Vernova has set its FY 2025 guidance at EPS. Analysts anticipate that GE Vernova Inc. will post 6.59 EPS for the current fiscal year.

GE Vernova Announces Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend is Monday, October 20th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.2%. GE Vernova’s payout ratio is presently 16.29%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on GEV. Wells Fargo & Company increased their target price on shares of GE Vernova from $697.00 to $717.00 and gave the company an “overweight” rating in a research note on Friday, October 24th. Barclays upped their target price on GE Vernova from $706.00 to $710.00 and gave the company an “overweight” rating in a research note on Thursday, October 23rd. Rothschild & Co Redburn restated a “sell” rating and set a $475.00 price objective on shares of GE Vernova in a report on Wednesday, October 15th. Rothschild Redb lowered GE Vernova from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 15th. Finally, Mizuho decreased their target price on GE Vernova from $677.00 to $660.00 and set a “neutral” rating for the company in a research report on Friday, October 24th. Four investment analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $607.81.

About GE Vernova

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.