Banque Transatlantique SA Has $941,000 Stake in GE Vernova Inc. $GEV

Banque Transatlantique SA lifted its stake in shares of GE Vernova Inc. (NYSE:GEV) by 181.8% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,334 shares of the company’s stock after acquiring an additional 2,151 shares during the period. Banque Transatlantique SA’s holdings in GE Vernova were worth $941,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Westover Capital Advisors LLC raised its holdings in shares of GE Vernova by 2.3% during the first quarter. Westover Capital Advisors LLC now owns 1,130 shares of the company’s stock valued at $345,000 after purchasing an additional 25 shares during the period. SVB Wealth LLC increased its position in GE Vernova by 0.7% in the 1st quarter. SVB Wealth LLC now owns 3,585 shares of the company’s stock valued at $1,094,000 after buying an additional 26 shares in the last quarter. Stonebridge Financial Group LLC increased its position in GE Vernova by 8.9% in the 1st quarter. Stonebridge Financial Group LLC now owns 344 shares of the company’s stock valued at $105,000 after buying an additional 28 shares in the last quarter. Whittier Trust Co. of Nevada Inc. raised its stake in GE Vernova by 0.4% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 8,510 shares of the company’s stock worth $2,598,000 after buying an additional 30 shares during the period. Finally, Hemington Wealth Management boosted its holdings in GE Vernova by 20.3% in the first quarter. Hemington Wealth Management now owns 178 shares of the company’s stock worth $54,000 after acquiring an additional 30 shares in the last quarter.

Insider Activity at GE Vernova

In related news, CFO Kenneth Scott Parks sold 3,300 shares of GE Vernova stock in a transaction on 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 directly owned 7,590 shares in the company, 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 legal filing with the SEC, which can be accessed through this link. Insiders own 0.15% of the company’s stock.

Wall Street Analysts Forecast Growth

GEV has been the subject of several recent research reports. Mizuho downgraded GE Vernova from an “outperform” rating to a “neutral” rating and set a $670.00 price objective for the company. in a report on Monday, July 28th. JPMorgan Chase & Co. boosted their price target on shares of GE Vernova from $620.00 to $715.00 and gave the company an “overweight” rating in a research note on Thursday, July 24th. Wells Fargo & Company upped their price objective on shares of GE Vernova from $474.00 to $697.00 and gave the stock an “overweight” rating in a report on Thursday, July 24th. Wall Street Zen cut shares of GE Vernova from a “buy” rating to a “hold” rating in a report on Saturday, July 26th. Finally, Royal Bank Of Canada restated an “outperform” rating on shares of GE Vernova in a report on Thursday, July 24th. Four research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, GE Vernova has an average rating of “Moderate Buy” and an average price target of $560.21.

GE Vernova Price Performance

Shares of GEV stock opened at $576.80 on Thursday. The firm has a 50-day moving average of $594.87 and a 200-day moving average of $454.39. GE Vernova Inc. has a one year low of $192.12 and a one year high of $677.29. The company has a market cap of $157.02 billion, a P/E ratio of 138.99, a P/E/G ratio of 4.24 and a beta of 1.87.

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. The business had revenue of $9.11 billion during the quarter, compared to the consensus estimate of $8.78 billion. GE Vernova had a net margin of 3.16% and a return on equity of 13.23%. The firm’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $4.65 EPS. GE Vernova has set its FY 2025 guidance at EPS. As a group, research analysts expect 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 was paid on Monday, August 18th. Investors of record on Monday, July 21st were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend was Monday, July 21st. GE Vernova’s dividend payout ratio (DPR) is presently 24.10%.

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.