Acadian Asset Management LLC Boosts Holdings in GE Vernova Inc. $GEV

Acadian Asset Management LLC boosted its stake in shares of GE Vernova Inc. (NYSE:GEV) by 718.0% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 218,437 shares of the company’s stock after purchasing an additional 191,733 shares during the period. Acadian Asset Management LLC owned approximately 0.08% of GE Vernova worth $115,578,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. IMA Advisory Services Inc. acquired a new stake in GE Vernova during the first quarter worth about $27,000. WFA Asset Management Corp acquired a new position in GE Vernova in the second quarter valued at approximately $29,000. Mowery & Schoenfeld Wealth Management LLC lifted its holdings in 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 acquiring an additional 53 shares during the period. 1248 Management LLC purchased a new stake in GE Vernova in the 1st quarter worth approximately $31,000. Finally, Saudi Central Bank acquired a new stake in shares of GE Vernova during the 1st quarter worth approximately $33,000.

Wall Street Analyst Weigh In

GEV has been the subject of several recent research reports. BMO Capital Markets lifted their target price on shares of GE Vernova from $690.00 to $710.00 and gave the company an “outperform” rating in a report on Thursday, October 23rd. Morgan Stanley lifted their price objective on shares of GE Vernova from $690.00 to $710.00 and gave the company an “overweight” rating in a report on Thursday, October 30th. Barclays upped their price objective 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. Redburn Partners set a $475.00 target price on shares of GE Vernova in a research note on Wednesday, October 15th. Finally, Wells Fargo & Company lifted their price target on GE Vernova from $697.00 to $717.00 and gave the company an “overweight” rating in a research note on Friday, October 24th. 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 company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $607.81.

GE Vernova Trading Up 4.6%

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 capitalization of $156.18 billion, a PE ratio of 93.75, a P/E/G ratio of 4.28 and a beta of 1.68. The firm’s 50-day moving average price is $602.58 and its 200 day moving average price is $549.85.

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

GE Vernova Announces Dividend

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

Insider Buying and Selling

In other GE Vernova news, CFO Kenneth Scott Parks sold 3,300 shares of the firm’s 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 owned 7,590 shares in the company, valued at approximately $4,705,800. This trade represents a 30.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.15% of the company’s stock.

About GE Vernova

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.