GE Vernova Inc. $GEV Shares Acquired by Callan Family Office LLC

Callan Family Office LLC lifted its position in shares of GE Vernova Inc. (NYSE:GEV) by 216.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,581 shares of the company’s stock after acquiring an additional 4,502 shares during the quarter. Callan Family Office LLC’s holdings in GE Vernova were worth $3,482,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Court Place Advisors LLC increased its stake in shares of GE Vernova by 3.2% during the second quarter. Court Place Advisors LLC now owns 1,470 shares of the company’s stock worth $778,000 after acquiring an additional 46 shares during the period. Blair William & Co. IL increased its stake in shares of GE Vernova by 79.2% during the second quarter. Blair William & Co. IL now owns 632,806 shares of the company’s stock worth $334,849,000 after acquiring an additional 279,604 shares during the period. Rice Partnership LLC acquired a new position in shares of GE Vernova during the second quarter worth about $4,399,000. Kampmann Melissa S. acquired a new position in shares of GE Vernova during the second quarter worth about $1,627,000. Finally, TFR Capital LLC. increased its stake in shares of GE Vernova by 2.1% during the second quarter. TFR Capital LLC. now owns 4,789 shares of the company’s stock worth $2,534,000 after acquiring an additional 100 shares during the period.

Insider Buying and Selling at GE Vernova

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 shares were sold at an average price of $620.00, for a total transaction of $2,046,000.00. Following the transaction, the chief financial officer owned 7,590 shares of the company’s stock, valued at approximately $4,705,800. This trade represents a 30.30% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.15% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

GEV has been the topic of a number of research analyst reports. Melius Research set a $740.00 price objective on shares of GE Vernova and gave the stock a “buy” rating in a report on Monday, September 15th. Glj Research initiated coverage on shares of GE Vernova in a report on Monday, June 23rd. They set a “buy” rating on the stock. Wall Street Zen downgraded shares of GE Vernova from a “buy” rating to a “hold” rating in a report on Saturday, July 26th. Weiss Ratings reissued a “hold (c)” rating on shares of GE Vernova in a report on Wednesday. Finally, Melius raised shares of GE Vernova from a “hold” rating to a “buy” rating and set a $740.00 price objective on the stock in a report on Monday, September 15th. Four investment analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $598.50.

GE Vernova Stock Down 4.4%

GE Vernova stock opened at $606.30 on Friday. The firm has a fifty day moving average of $619.64 and a 200-day moving average of $508.47. The firm has a market capitalization of $165.05 billion, a P/E ratio of 146.10, a PEG ratio of 4.61 and a beta of 1.72. 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, July 23rd. The company reported $1.86 earnings per share for the quarter, beating analysts’ consensus estimates of $1.63 by $0.23. GE Vernova had a net margin of 3.16% and a return on equity of 13.23%. The business had revenue of $9.11 billion during the quarter, compared to analyst estimates of $8.78 billion. During the same period last year, the business earned $4.65 EPS. The business’s revenue was up 11.1% on a year-over-year basis. GE Vernova has set its FY 2025 guidance at EPS. On average, research analysts expect that GE Vernova Inc. will post 6.59 EPS for the current fiscal year.

GE Vernova Dividend Announcement

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