Bailard Inc. Raises Holdings in GE Vernova Inc. $GEV

Bailard Inc. boosted its position in GE Vernova Inc. (NYSE:GEV) by 21.9% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,356 shares of the company’s stock after purchasing an additional 244 shares during the quarter. Bailard Inc.’s holdings in GE Vernova were worth $718,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. WFA Asset Management Corp acquired a new position in GE Vernova during the second quarter worth about $29,000. Highline Wealth Partners LLC lifted its stake 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 purchasing an additional 18 shares in the last quarter. Raleigh Capital Management Inc. acquired a new position in shares of GE Vernova during the 2nd quarter worth approximately $37,000. Advantage Trust Co purchased a new stake in shares of GE Vernova in the second quarter valued at approximately $40,000. Finally, Solstein Capital LLC purchased a new stake in shares of GE Vernova in the second quarter valued at approximately $44,000.

GE Vernova Stock Performance

GE Vernova stock opened at $577.64 on Friday. The company’s 50 day simple moving average is $600.86 and its 200-day simple moving average is $555.94. GE Vernova Inc. has a 1 year low of $252.25 and a 1 year high of $677.29. The company has a market capitalization of $156.72 billion, a price-to-earnings ratio of 94.08, a price-to-earnings-growth ratio of 4.15 and a beta of 1.68.

GE Vernova (NYSE:GEV) last posted its earnings results 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). The company had revenue of $9.97 billion during 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 quarter last year, the business posted ($0.35) EPS. GE Vernova has set its FY 2025 guidance at EPS. Equities analysts expect that GE Vernova Inc. will post 6.59 earnings per share for the current year.

GE Vernova Dividend Announcement

The company 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 $0.25 dividend. The ex-dividend date of this dividend is Monday, October 20th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.2%. GE Vernova’s payout ratio is presently 16.29%.

Wall Street Analysts Forecast Growth

GEV has been the topic of a number of recent research reports. Melius raised GE Vernova from a “hold” rating to a “buy” rating and set a $740.00 price objective on the stock in a research note on Monday, September 15th. Jefferies Financial Group reiterated a “hold” rating and set a $654.00 price target on shares of GE Vernova in a report on Monday, October 27th. Susquehanna boosted their price target on shares of GE Vernova from $740.00 to $750.00 and gave the company a “positive” rating in a research report on Thursday, October 23rd. Weiss Ratings reissued a “hold (c)” rating on shares of GE Vernova in a report on Wednesday, October 8th. Finally, Cowen reaffirmed a “buy” rating on shares of GE Vernova in a research note on Thursday, October 23rd. Four equities research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, GE Vernova currently has a consensus rating of “Moderate Buy” and a consensus price target of $607.81.

Insider Activity

In other GE Vernova news, CFO Kenneth Scott Parks sold 3,300 shares of the business’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 in the company, valued at $4,705,800. This represents a 30.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.15% of the company’s stock.

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.