Rathbones Group PLC Decreases Stock Holdings in GE Vernova Inc. $GEV

Rathbones Group PLC lowered its holdings in GE Vernova Inc. (NYSE:GEV) by 0.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 58,778 shares of the company’s stock after selling 443 shares during the period. Rathbones Group PLC’s holdings in GE Vernova were worth $31,102,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. IMA Advisory Services Inc. acquired a new stake in GE Vernova in the 1st quarter valued at $27,000. WFA Asset Management Corp purchased a new stake in shares of GE Vernova in the second quarter worth about $29,000. Mowery & Schoenfeld Wealth Management LLC grew its stake in shares of GE Vernova by 115.2% in the first quarter. Mowery & Schoenfeld Wealth Management LLC now owns 99 shares of the company’s stock valued at $30,000 after buying an additional 53 shares in the last quarter. 1248 Management LLC acquired a new stake in shares of GE Vernova in the first quarter valued at about $31,000. Finally, Saudi Central Bank purchased a new stake in shares of GE Vernova during the 1st quarter valued at about $33,000.

GE Vernova Stock Performance

Shares of GE Vernova stock opened at $575.61 on Friday. GE Vernova Inc. has a 1 year low of $252.25 and a 1 year high of $677.29. The firm’s 50-day simple moving average is $602.58 and its 200-day simple moving average is $549.85. The firm has a market cap of $156.18 billion, a PE ratio of 93.75, a price-to-earnings-growth ratio of 4.28 and a beta of 1.68.

GE Vernova (NYSE:GEV) last posted its quarterly earnings results on Wednesday, October 22nd. The company reported $1.64 EPS for the quarter, missing analysts’ consensus estimates of $1.72 by ($0.08). GE Vernova had a return on equity of 17.07% and a net margin of 4.52%.The firm had revenue of $9.97 billion during the quarter, compared to analyst estimates of $9.15 billion. During the same quarter last year, the business posted ($0.35) earnings per share. The firm’s revenue for the quarter was up 11.8% on a year-over-year basis. GE Vernova has set its FY 2025 guidance at EPS. On average, equities analysts predict that GE Vernova Inc. will post 6.59 earnings per share for the current year.

GE Vernova Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, November 17th. Stockholders 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 is Monday, October 20th. GE Vernova’s payout ratio is 16.29%.

Insider Activity

In related news, CFO Kenneth Scott Parks sold 3,300 shares of the company’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $4,705,800. This represents a 30.30% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.15% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Barclays upped their price target on GE Vernova from $706.00 to $710.00 and gave the stock an “overweight” rating in a report on Thursday, October 23rd. Melius Research set a $740.00 target price on shares of GE Vernova and gave the company a “buy” rating in a research note on Monday, September 15th. HSBC raised their price target on shares of GE Vernova from $570.00 to $580.00 and gave the company a “hold” rating in a report on Friday, September 5th. Weiss Ratings reiterated a “hold (c)” rating on shares of GE Vernova in a report on Wednesday, October 8th. Finally, Bank of America upped their price objective on shares of GE Vernova from $550.00 to $620.00 and gave the company a “buy” rating in a research report on Thursday, July 17th. Four investment analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, eight have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $607.81.

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.