American Assets Capital Advisers LLC Has $1.59 Million Position in GE Vernova Inc. $GEV

American Assets Capital Advisers LLC lessened its stake in shares of GE Vernova Inc. (NYSE:GEV) by 78.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,013 shares of the company’s stock after selling 10,690 shares during the period. GE Vernova accounts for 1.6% of American Assets Capital Advisers LLC’s portfolio, making the stock its 18th largest holding. American Assets Capital Advisers LLC’s holdings in GE Vernova were worth $1,594,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Brighton Jones LLC grew its stake in GE Vernova by 29.4% in the 4th quarter. Brighton Jones LLC now owns 3,315 shares of the company’s stock valued at $1,091,000 after buying an additional 753 shares during the last quarter. Brown Advisory Inc. grew its position in shares of GE Vernova by 1.7% in the first quarter. Brown Advisory Inc. now owns 34,677 shares of the company’s stock valued at $10,586,000 after purchasing an additional 574 shares during the last quarter. Rehmann Capital Advisory Group increased its stake in shares of GE Vernova by 43.9% in the first quarter. Rehmann Capital Advisory Group now owns 1,363 shares of the company’s stock worth $416,000 after purchasing an additional 416 shares during the period. Axxcess Wealth Management LLC increased its stake in shares of GE Vernova by 39.2% in the first quarter. Axxcess Wealth Management LLC now owns 5,619 shares of the company’s stock worth $1,715,000 after purchasing an additional 1,583 shares during the period. Finally, Leavell Investment Management Inc. lifted its position in shares of GE Vernova by 8.6% during the 1st quarter. Leavell Investment Management Inc. now owns 6,892 shares of the company’s stock worth $2,104,000 after purchasing an additional 545 shares during the last quarter.

Wall Street Analyst Weigh In

A number of research firms have issued reports on GEV. Susquehanna raised their target price on GE Vernova from $740.00 to $750.00 and gave the company a “positive” rating in a report on Thursday, October 23rd. Robert W. Baird raised their price objective on shares of GE Vernova from $568.00 to $706.00 and gave the stock an “outperform” rating in a research note on Thursday, July 24th. Glj Research boosted their target price on shares of GE Vernova from $702.00 to $758.00 and gave the stock a “buy” rating in a research report on Wednesday, October 15th. Barclays increased their price target on shares of GE Vernova from $706.00 to $710.00 and gave the company an “overweight” rating in a report on Thursday, October 23rd. Finally, Citigroup dropped their price objective on shares of GE Vernova from $670.00 to $658.00 and set a “neutral” rating on the stock in a report on Thursday, October 23rd. Four 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 given a Sell rating to the company’s stock. According to MarketBeat, GE Vernova presently has a consensus rating of “Moderate Buy” and a consensus target price of $607.81.

Insider Buying and Selling 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 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.15% of the company’s stock.

GE Vernova Stock Performance

Shares of GE Vernova stock opened at $575.61 on Friday. GE Vernova Inc. has a twelve month low of $252.25 and a twelve month high of $677.29. The firm has a market cap of $156.18 billion, a P/E ratio of 93.75, a price-to-earnings-growth ratio of 4.09 and a beta of 1.68. The firm’s 50-day simple moving average is $602.58 and its 200-day simple moving average is $548.30.

GE Vernova (NYSE:GEV) last released its quarterly earnings data on Wednesday, October 22nd. The company reported $1.64 earnings per share for the quarter, missing the consensus estimate of $1.72 by ($0.08). GE Vernova had a net margin of 4.52% and a return on equity of 17.07%. The company had revenue of $9.97 billion during the quarter, compared to the consensus estimate of $9.15 billion. During the same quarter in the prior year, the company posted ($0.35) earnings per share. The company’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 forecast that GE Vernova Inc. will post 6.59 earnings per share for the current fiscal year.

GE Vernova Announces Dividend

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

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.