GE Vernova Inc. $GEV Shares Bought by Koshinski Asset Management Inc.

Koshinski Asset Management Inc. lifted its holdings in shares of GE Vernova Inc. (NYSE:GEV) by 3.2% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,140 shares of the company’s stock after buying an additional 98 shares during the period. Koshinski Asset Management Inc.’s holdings in GE Vernova were worth $1,662,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Caitong International Asset Management Co. Ltd acquired a new position in shares of GE Vernova in the first quarter valued at approximately $912,000. Pines Wealth Management LLC purchased a new position in GE Vernova in the 2nd quarter valued at $408,000. Resona Asset Management Co. Ltd. increased its stake in GE Vernova by 8.2% in the 1st quarter. Resona Asset Management Co. Ltd. now owns 86,021 shares of the company’s stock valued at $26,229,000 after buying an additional 6,551 shares during the period. Lockheed Martin Investment Management Co. purchased a new position in GE Vernova during the 1st quarter worth $458,000. Finally, Golden State Wealth Management LLC lifted its stake in shares of GE Vernova by 201.7% in the 1st quarter. Golden State Wealth Management LLC now owns 1,222 shares of the company’s stock worth $373,000 after acquiring an additional 817 shares during the period.

GE Vernova Price Performance

NYSE GEV opened at $599.62 on Friday. GE Vernova Inc. has a 1-year low of $252.25 and a 1-year high of $677.29. The company has a market capitalization of $163.23 billion, a P/E ratio of 144.49, a PEG ratio of 4.35 and a beta of 1.72. The business has a 50 day moving average price of $616.42 and a 200 day moving average price of $520.58.

GE Vernova (NYSE:GEV) last posted its earnings results on Wednesday, July 23rd. The company reported $1.86 EPS for the quarter, topping analysts’ consensus estimates of $1.63 by $0.23. GE Vernova had a return on equity of 13.23% and a net margin of 3.16%.The company had revenue of $9.11 billion for the quarter, compared to the consensus estimate of $8.78 billion. During the same period in the previous year, the business earned $4.65 earnings per share. GE Vernova’s quarterly revenue was up 11.1% compared to the same quarter last year. GE Vernova has set its FY 2025 guidance at EPS. On average, 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 announced a quarterly dividend, which will be paid on Monday, November 17th. Shareholders of record on Monday, October 20th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.2%. The ex-dividend date is Monday, October 20th. GE Vernova’s dividend payout ratio (DPR) is 24.10%.

Insider Transactions at GE Vernova

In other GE Vernova news, CFO Kenneth Scott Parks sold 3,300 shares of the company’s 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 sale, the chief financial officer owned 7,590 shares of the company’s stock, valued at $4,705,800. This represents a 30.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.15% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Seaport Res Ptn upgraded shares of GE Vernova to a “strong-buy” rating in a research note on Thursday, July 10th. Rothschild & Co Redburn reissued a “sell” rating and set a $475.00 target price on shares of GE Vernova in a research note on Wednesday. HSBC raised their price target on GE Vernova from $570.00 to $580.00 and gave the company a “hold” rating in a report on Friday, September 5th. Royal Bank Of Canada set a $605.00 price objective on GE Vernova and gave the stock a “sector perform” rating in a report on Wednesday, October 1st. Finally, TD Cowen raised their target price on GE Vernova from $390.00 to $685.00 and gave the company a “buy” rating in a report on Friday, July 25th. Four equities research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $592.61.

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.