GE Vernova Inc. $GEV Shares Sold by Merrion Investment Management Co LLC

Merrion Investment Management Co LLC lowered its position in shares of GE Vernova Inc. (NYSE:GEV) by 2.2% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 5,585 shares of the company’s stock after selling 125 shares during the period. GE Vernova accounts for 1.9% of Merrion Investment Management Co LLC’s portfolio, making the stock its 12th biggest holding. Merrion Investment Management Co LLC’s holdings in GE Vernova were worth $2,955,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. WFA Asset Management Corp acquired a new stake in shares of GE Vernova in the second quarter valued at approximately $29,000. Highline Wealth Partners LLC grew its holdings in GE Vernova by 34.6% in the 2nd quarter. Highline Wealth Partners LLC now owns 70 shares of the company’s stock worth $37,000 after buying an additional 18 shares in the last quarter. Raleigh Capital Management Inc. acquired a new stake in GE Vernova in the 2nd quarter valued at approximately $37,000. Advantage Trust Co acquired a new stake in GE Vernova in the 2nd quarter valued at approximately $40,000. Finally, Solstein Capital LLC bought a new stake in GE Vernova during the 2nd quarter valued at $44,000.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Morgan Stanley raised their price target on GE Vernova from $690.00 to $710.00 and gave the company an “overweight” rating in a report on Thursday, October 30th. HSBC increased their target price on shares of GE Vernova from $570.00 to $580.00 and gave the company a “hold” rating in a research report on Friday, September 5th. Barclays boosted their price target on shares of GE Vernova from $706.00 to $710.00 and gave the stock an “overweight” rating in a research report on Thursday, October 23rd. Glj Research increased their price objective on shares of GE Vernova from $702.00 to $758.00 and gave the company a “buy” rating in a report on Wednesday, October 15th. Finally, Wall Street Zen lowered shares of GE Vernova from a “buy” rating to a “hold” rating in a research note on Saturday, July 26th. Four equities research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, GE Vernova currently has a consensus rating of “Moderate Buy” and an average price target of $607.81.

Insider Buying and Selling 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 value of $2,046,000.00. Following the transaction, the chief financial officer directly owned 7,590 shares in the company, valued at $4,705,800. The trade was a 30.30% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.15% of the stock is currently owned by corporate insiders.

GE Vernova Trading Up 4.6%

NYSE:GEV opened at $575.61 on Friday. The company has a 50-day moving average of $602.58 and a 200-day moving average of $549.85. The firm has a market cap of $156.18 billion, a price-to-earnings ratio of 93.75, a price-to-earnings-growth ratio of 4.28 and a beta of 1.68. GE Vernova Inc. has a twelve month low of $252.25 and a twelve month high of $677.29.

GE Vernova (NYSE:GEV) last released its 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). The business had revenue of $9.97 billion for the quarter, compared to analyst estimates of $9.15 billion. GE Vernova had a net margin of 4.52% and a return on equity of 17.07%. The firm’s revenue for the quarter was up 11.8% on a year-over-year basis. During the same period in the prior year, the company earned ($0.35) earnings per share. GE Vernova has set its FY 2025 guidance at EPS. On average, research analysts forecast that GE Vernova Inc. will post 6.59 earnings per share for the current year.

GE Vernova Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 17th. Stockholders of record on Monday, October 20th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, October 20th. This represents a $1.00 annualized dividend and a dividend yield of 0.2%. GE Vernova’s dividend payout ratio (DPR) is currently 16.29%.

GE Vernova Company 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.