Ensign Peak Advisors Inc Increases Stock Holdings in GE Vernova Inc. $GEV
Ensign Peak Advisors Inc increased its stake in GE Vernova Inc by 115.2% in Q2, owning 375,545 shares valued at $198.72 million. Several other hedge funds also adjusted their positions in GE Vernova. The stock has a consensus rating of 'Moderate Buy' with a target price of $607.81. GE Vernova's stock opened at $596.14, with a market cap of $161.74 billion.
Ensign Peak Advisors Inc raised its stake in shares of GE Vernova Inc. (NYSE:GEV - Free Report) by 115.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 375,545 shares of the company's stock after purchasing an additional 201,034 shares during the period. Ensign Peak Advisors Inc owned 0.14% of GE Vernova worth $198,720,000 at the end of the most recent quarter.
- GE Vernova: Valuation Down & Fundamentals Up—A Recipe for Success
Several other hedge funds also recently bought and sold shares of the stock. Brighton Jones LLC lifted its holdings in shares of GE Vernova by 29.4% in the 4th quarter. Brighton Jones LLC now owns 3,315 shares of the company's stock worth $1,091,000 after acquiring an additional 753 shares during the last quarter. IFP Advisors Inc raised its position in GE Vernova by 5.8% in the first quarter. IFP Advisors Inc now owns 5,116 shares of the company's stock valued at $1,562,000 after purchasing an additional 281 shares during the period. GW&K Investment Management LLC lifted its stake in GE Vernova by 21.0% during the first quarter. GW&K Investment Management LLC now owns 213 shares of the company's stock worth $65,000 after purchasing an additional 37 shares in the last quarter. Crestwood Advisors Group LLC lifted its stake in GE Vernova by 38.6% during the first quarter. Crestwood Advisors Group LLC now owns 3,322 shares of the company's stock worth $1,014,000 after purchasing an additional 925 shares in the last quarter. Finally, Ignite Planners LLC boosted its position in shares of GE Vernova by 13.0% during the first quarter. Ignite Planners LLC now owns 985 shares of the company's stock worth $301,000 after buying an additional 113 shares during the period.
Analyst Ratings Changes
Several research firms have recently commented on GEV. UBS Group set a $710.00 price objective on shares of GE Vernova in a research note on Thursday, October 23rd. Rothschild Redb cut GE Vernova from a "hold" rating to a "strong sell" rating in a research note on Wednesday, October 15th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of GE Vernova in a research report on Wednesday, October 8th. Melius upgraded shares of GE Vernova from a "hold" rating to a "buy" rating and set a $740.00 target price on the stock in a research note on Monday, September 15th. Finally, 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. Four 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 stock. Based on data from MarketBeat.com, GE Vernova has a consensus rating of "Moderate Buy" and a consensus target price of $607.81.
- Powering Up: A Buy Rating Signals GE Vernova's AI Tailwinds
Read Our Latest Stock Analysis on GE Vernova
Insiders Place Their Bets
In other news, CFO Kenneth Scott Parks sold 3,300 shares of the 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 completion of the transaction, 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 sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.15% of the company's stock.
GE Vernova Trading Up 7.4%
- 3 Natural Gas Stocks Powering the AI Data Center Boom
GE Vernova stock opened at $596.14 on Thursday. The stock has a 50 day moving average of $598.44 and a two-hundred day moving average of $561.28. GE Vernova Inc. has a twelve month low of $252.25 and a twelve month high of $677.29. The stock has a market capitalization of $161.74 billion, a price-to-earnings ratio of 97.09, a PEG ratio of 4.13 and a beta of 1.68.
GE Vernova (NYSE:GEV - Get Free Report) last released its earnings results on Wednesday, October 22nd. The company reported $1.64 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 analyst estimates of $9.15 billion. During the same period in the previous year, the firm posted ($0.35) EPS. 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. Equities analysts predict that GE Vernova Inc. will post 6.59 earnings per share for the current year.
GE Vernova Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, November 17th. Investors of record on Monday, October 20th were given a $0.25 dividend. The ex-dividend date was Monday, October 20th. This represents a $1.00 dividend on an annualized basis and a yield of 0.2%. GE Vernova's dividend payout ratio (DPR) is presently 16.29%.
About GE Vernova
(Free Report)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.
See Also
- Five stocks we like better than GE Vernova
- What is a SEC Filing?
- Applied Materials: Up 40% in 2025 With Room to Run Long-Term
- Best Aerospace Stocks Investing
- onsemi Places a $6 Billion Bet on Its Own Stock
- How to Use High Beta Stocks to Maximize Your Investing Profits
- HIMS Has Been a Roller Coaster Ride. Should Investors Hop On?
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Should You Invest $1,000 in GE Vernova Right Now?
Before you consider GE Vernova, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and GE Vernova wasn't on the list.
While GE Vernova currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
