552 GE Vernova Inc. $GEV Shares Sold by Grandview Asset Management LLC

Grandview Asset Management LLC lowered its stake in GE Vernova Inc. (NYSE:GEV) by 18.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,370 shares of the company’s stock after selling 552 shares during the quarter. Grandview Asset Management LLC’s holdings in GE Vernova were worth $2,253,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of GEV. B. Metzler seel. Sohn & Co. AG increased its holdings in GE Vernova by 37.7% during the 2nd quarter. B. Metzler seel. Sohn & Co. AG now owns 23,080 shares of the company’s stock worth $27,116,000 after purchasing an additional 6,313 shares during the last quarter. Citizens Financial Group Inc. RI purchased a new position in shares of GE Vernova during the 2nd quarter valued at approximately $8,337,000. Sapient Capital LLC boosted its stake in shares of GE Vernova by 31.4% during the 2nd quarter. Sapient Capital LLC now owns 76,038 shares of the company’s stock valued at $89,372,000 after buying an additional 18,188 shares during the last quarter. Processus Wealth & Capital Management LLC purchased a new position in shares of GE Vernova during the 2nd quarter valued at approximately $2,699,000. Finally, Field & Main Bank purchased a new position in shares of GE Vernova during the 2nd quarter valued at approximately $3,018,000.

Wall Street Analyst Weigh In

GEV has been the subject of a number of research analyst reports. Jefferies Financial Group restated a “buy” rating and issued a $1,185.00 price target (up from $1,155.00) on shares of GE Vernova in a research note on Thursday, September 17th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of GE Vernova in a report on Tuesday, July 21st. Royal Bank Of Canada increased their price objective on shares of GE Vernova from $1,195.00 to $1,225.00 and gave the company an “outperform” rating in a research note on Thursday, July 23rd. Morgan Stanley downgraded shares of GE Vernova from an “overweight” rating to an “underweight” rating in a research note on Monday, August 3rd. Finally, Glj Research assumed coverage on shares of GE Vernova in a report on Monday, September 14th. They set a “sell” rating and a $470.00 price objective for the company. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $1,164.87.

GE Vernova Trading Down 1.5%

Shares of NYSE GEV opened at $907.78 on Tuesday. The stock’s 50 day moving average price is $961.19 and its two-hundred day moving average price is $1,002.63. GE Vernova Inc. has a 52-week low of $530.16 and a 52-week high of $1,195.94. The stock has a market capitalization of $241.77 billion, a P/E ratio of 25.98, a PEG ratio of 3.19 and a beta of 1.14. The company has a quick ratio of 0.62, a current ratio of 0.85 and a debt-to-equity ratio of 0.21.

GE Vernova (NYSE:GEV) last released its earnings results on Wednesday, July 22nd. The company reported $2.47 EPS for the quarter, missing analysts’ consensus estimates of $3.17 by ($0.70). The firm had revenue of $11.10 billion for the quarter, compared to the consensus estimate of $10.79 billion. GE Vernova had a return on equity of 42.42% and a net margin of 23.03%. The company’s quarterly revenue was up 21.9% on a year-over-year basis. During the same period in the prior year, the business earned $1.86 EPS. On average, analysts anticipate that GE Vernova Inc. will post 15.04 earnings per share for the current fiscal year.

GE Vernova Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 24th. Stockholders of record on Tuesday, October 27th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Tuesday, October 27th. GE Vernova’s payout ratio is 5.72%.

About GE Vernova

GE Vernova Inc (NYSE: GEV) is an energy technology company focused on helping generate, transmit, store and deliver electricity. The company serves utilities, power producers, grid operators, commercial and industrial customers, and other energy-sector participants worldwide.

Its business is organized around three primary areas: Power, Wind and Electrification. Power provides technologies and services for gas and steam power generation, hydropower, nuclear power and other energy systems.