Fee Only Financial Planning L.C. Takes $240,000 Position in GE Vernova Inc. $GEV

Fee Only Financial Planning L.C. acquired a new stake in GE Vernova Inc. (NYSE:GEV) in the second quarter, HoldingsChannel reports. The firm acquired 454 shares of the company’s stock, valued at approximately $240,000.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Archford Capital Strategies LLC acquired a new position in GE Vernova in the 2nd quarter valued at approximately $874,000. Covenant Asset Management LLC boosted its holdings in GE Vernova by 76.9% in the second quarter. Covenant Asset Management LLC now owns 16,342 shares of the company’s stock valued at $8,647,000 after acquiring an additional 7,106 shares during the last quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH bought a new stake in shares of GE Vernova in the 2nd quarter valued at $295,000. Moss Adams Wealth Advisors LLC boosted its position in GE Vernova by 34.0% during the second quarter. Moss Adams Wealth Advisors LLC now owns 902 shares of the company’s stock valued at $477,000 after acquiring an additional 229 shares during the last quarter. Finally, GC Wealth Management RIA LLC acquired a new stake in GE Vernova during the second quarter worth approximately $1,004,000.

Analyst Ratings Changes

Several research firms have weighed in on GEV. Wall Street Zen downgraded shares of GE Vernova from a “buy” rating to a “hold” rating in a research note on Saturday, July 26th. Mizuho downgraded GE Vernova from an “outperform” rating to a “neutral” rating and set a $670.00 price target on the stock. in a research note on Monday, July 28th. BMO Capital Markets raised their price objective on GE Vernova from $590.00 to $690.00 and gave the company an “outperform” rating in a research note on Thursday, July 24th. Glj Research assumed coverage on GE Vernova in a report on Monday, June 23rd. They set a “buy” rating for the company. Finally, Bank of America upped their target price on GE Vernova from $550.00 to $620.00 and gave the stock a “buy” rating in a research report on Thursday, July 17th. Four research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat, GE Vernova currently has a consensus rating of “Moderate Buy” and an average price target of $592.35.

GE Vernova Stock Down 0.4%

GEV stock opened at $605.21 on Monday. The firm has a market capitalization of $164.75 billion, a PE ratio of 145.83, a P/E/G ratio of 4.41 and a beta of 1.88. GE Vernova Inc. has a twelve month low of $248.50 and a twelve month high of $677.29. The stock’s 50 day moving average is $622.99 and its 200-day moving average is $491.47.

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

GE Vernova Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 17th. Shareholders of record on Monday, October 20th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend is Monday, October 20th. GE Vernova’s dividend payout ratio is presently 24.10%.

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 value of $2,046,000.00. Following the completion of the sale, 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 transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.15% of the company’s stock.

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.