GE Vernova Inc. $GEV Shares Sold by DLK Investment Management LLC

by · The Cerbat Gem

DLK Investment Management LLC cut its stake in GE Vernova Inc. (NYSE:GEV – Free Report) by 10.6% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,684 shares of the company’s stock after selling 200 shares during the period. DLK Investment Management LLC’s holdings in GE Vernova were worth $891,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Atlas Brown Inc. increased its holdings in shares of GE Vernova by 0.8% in the second quarter. Atlas Brown Inc. now owns 2,496 shares of the company’s stock valued at $1,321,000 after purchasing an additional 19 shares during the period. Westover Capital Advisors LLC boosted its holdings in shares of GE Vernova by 2.3% in the 1st quarter. Westover Capital Advisors LLC now owns 1,130 shares of the company’s stock valued at $345,000 after acquiring an additional 25 shares during the last quarter. SVB Wealth LLC increased its stake in shares of GE Vernova by 0.7% in the first quarter. SVB Wealth LLC now owns 3,585 shares of the company’s stock worth $1,094,000 after acquiring an additional 26 shares during the period. Chesley Taft & Associates LLC raised its holdings in shares of GE Vernova by 0.9% during the second quarter. Chesley Taft & Associates LLC now owns 3,194 shares of the company’s stock worth $1,690,000 after purchasing an additional 27 shares during the last quarter. Finally, Stonebridge Financial Group LLC grew its position in GE Vernova by 8.9% during the 1st quarter. Stonebridge Financial Group LLC now owns 344 shares of the company’s stock worth $105,000 after purchasing an additional 28 shares during the period.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Royal Bank Of Canada restated an “outperform” rating on shares of GE Vernova in a research note on Thursday, July 24th. UBS Group assumed coverage on shares of GE Vernova in a research note on Monday, July 7th. They issued a “buy” rating and a $614.00 target price for the company. JPMorgan Chase & Co. increased their price target on shares of GE Vernova from $620.00 to $715.00 and gave the stock an “overweight” rating in a report on Thursday, July 24th. HSBC lifted their price objective on shares of GE Vernova from $570.00 to $580.00 and gave the company a “hold” rating in a report on Friday, September 5th. Finally, TD Cowen increased their target price on shares of GE Vernova from $390.00 to $685.00 and gave the stock a “buy” rating in a research note on Friday, July 25th. Four investment analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $592.35.

Read Our Latest Stock Report on GEV

Insider Buying and Selling

In other GE Vernova news, CFO Kenneth Scott Parks sold 3,300 shares of the 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 completion of the transaction, the chief financial officer owned 7,590 shares of the company’s stock, valued at $4,705,800. This trade represents a 30.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.15% of the stock is owned by insiders.

GE Vernova Stock Performance

GEV stock opened at $618.28 on Wednesday. GE Vernova Inc. has a one year low of $233.51 and a one year high of $677.29. The firm has a market cap of $168.31 billion, a PE ratio of 148.98, a PEG ratio of 4.35 and a beta of 1.87. The firm’s 50 day moving average price is $612.36 and its 200-day moving average price is $472.16.

GE Vernova (NYSE:GEV – Get Free Report) last posted its earnings results on Wednesday, July 23rd. The company reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.63 by $0.23. GE Vernova had a return on equity of 13.23% and a net margin of 3.16%.The company had revenue of $9.11 billion during the quarter, compared to analysts’ expectations of $8.78 billion. During the same quarter last year, the firm earned $4.65 earnings per share. The firm’s quarterly revenue was up 11.1% compared to the same quarter last year. GE Vernova has set its FY 2025 guidance at EPS. Equities research analysts predict that GE Vernova Inc. will post 6.59 EPS for the current fiscal year.

GE Vernova Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 18th. Investors of record on Monday, July 21st were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.2%. The ex-dividend date was Monday, July 21st. GE Vernova’s payout ratio is 24.10%.

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.

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