Vanguard Personalized Indexing Management LLC Buys 7,591 Shares of GE Vernova Inc. $GEV

Vanguard Personalized Indexing Management LLC raised its stake in GE Vernova Inc. (NYSE:GEV) by 25.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 37,872 shares of the company’s stock after buying an additional 7,591 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in GE Vernova were worth $20,638,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. EQ Wealth Advisors LLC bought a new position in shares of GE Vernova in the 1st quarter worth $27,000. IMA Advisory Services Inc. purchased a new stake in shares of GE Vernova in the 1st quarter valued at $27,000. Mowery & Schoenfeld Wealth Management LLC boosted its stake in shares of GE Vernova by 115.2% in the 1st 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 in the last quarter. 1248 Management LLC purchased a new stake in shares of GE Vernova in the 1st quarter valued at $31,000. Finally, Saudi Central Bank purchased a new stake in shares of GE Vernova in the 1st quarter valued at $33,000.

GE Vernova Stock Down 4.4%

Shares of GEV opened at $606.30 on Friday. The stock has a market capitalization of $165.05 billion, a P/E ratio of 146.10, a PEG ratio of 4.40 and a beta of 1.72. The firm has a fifty day simple moving average of $619.64 and a two-hundred day simple moving average of $509.80. GE Vernova Inc. has a twelve month low of $252.25 and a twelve month high of $677.29.

GE Vernova (NYSE:GEV) last posted its earnings results on Wednesday, July 23rd. The company reported $1.86 EPS for the quarter, topping the consensus estimate of $1.63 by $0.23. GE Vernova had a net margin of 3.16% and a return on equity of 13.23%. The firm had revenue of $9.11 billion during the quarter, compared to analysts’ expectations of $8.78 billion. During the same period last year, the company posted $4.65 EPS. The company’s quarterly revenue was up 11.1% compared to the same quarter last year. GE Vernova has set its FY 2025 guidance at EPS. Sell-side analysts expect that GE Vernova Inc. will post 6.59 EPS for the current fiscal year.

GE Vernova Announces Dividend

The business also recently announced 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. This represents a $1.00 annualized dividend 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 currently 24.10%.

Wall Street Analysts Forecast Growth

GEV has been the subject of a number of research reports. Barclays upped their price objective on shares of GE Vernova from $580.00 to $706.00 and gave the company an “overweight” rating in a research note on Thursday, July 24th. TD Cowen upped their price objective on shares of GE Vernova from $390.00 to $685.00 and gave the company a “buy” rating in a research note on Friday, July 25th. Glj Research initiated coverage on shares of GE Vernova in a research note on Monday, June 23rd. They issued a “buy” rating for the company. Morgan Stanley upped their price objective on shares of GE Vernova from $511.00 to $675.00 and gave the company an “overweight” rating in a research note on Thursday, July 24th. Finally, Susquehanna increased their price target on shares of GE Vernova from $662.00 to $736.00 and gave the company a “positive” rating in a research report on Thursday, July 24th. Four analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $598.50.

Insider Activity

In related news, CFO Kenneth Scott Parks sold 3,300 shares of the stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $620.00, for a total value of $2,046,000.00. Following the completion of the transaction, the chief financial officer directly owned 7,590 shares in the company, 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 Securities & Exchange Commission, which is available through this hyperlink. 0.15% of the stock is currently owned by insiders.

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.