Bartlett & CO. Wealth Management LLC Buys 24 Shares of GE Vernova Inc. $GEV

Bartlett & CO. Wealth Management LLC raised its stake in shares of GE Vernova Inc. (NYSE:GEV) by 0.8% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,180 shares of the company’s stock after acquiring an additional 24 shares during the quarter. Bartlett & CO. Wealth Management LLC’s holdings in GE Vernova were worth $1,683,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in GEV. Highline Wealth Partners LLC grew its stake in GE Vernova by 34.6% during the second quarter. Highline Wealth Partners LLC now owns 70 shares of the company’s stock worth $37,000 after buying an additional 18 shares during the last quarter. Atlas Brown Inc. boosted its holdings in shares of GE Vernova by 0.8% in the 2nd quarter. Atlas Brown Inc. now owns 2,496 shares of the company’s stock worth $1,321,000 after acquiring an additional 19 shares in the last quarter. Physician Wealth Advisors Inc. grew its position in GE Vernova by 9.0% during the 2nd quarter. Physician Wealth Advisors Inc. now owns 241 shares of the company’s stock worth $128,000 after acquiring an additional 20 shares during the last quarter. West Branch Capital LLC grew its position in GE Vernova by 25.6% during the 2nd quarter. West Branch Capital LLC now owns 98 shares of the company’s stock worth $52,000 after acquiring an additional 20 shares during the last quarter. Finally, Grove Bank & Trust increased its holdings in GE Vernova by 16.0% during the 2nd quarter. Grove Bank & Trust now owns 167 shares of the company’s stock valued at $88,000 after purchasing an additional 23 shares in the last quarter.

GE Vernova Trading Down 1.3%

GE Vernova stock opened at $606.97 on Thursday. The company has a market cap of $165.23 billion, a PE ratio of 146.26, a PEG ratio of 4.48 and a beta of 1.74. GE Vernova Inc. has a 1 year low of $248.50 and a 1 year high of $677.29. The company’s 50-day moving average is $624.54 and its two-hundred day moving average is $495.09.

GE Vernova (NYSE:GEV) last posted its quarterly earnings results on Wednesday, July 23rd. The company reported $1.86 earnings per share 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 business had revenue of $9.11 billion during the quarter, compared to the consensus estimate of $8.78 billion. During the same period in the previous year, the firm posted $4.65 earnings per share. GE Vernova’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. Research analysts forecast that GE Vernova Inc. will post 6.59 EPS for the current year.

GE Vernova Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 17th. Stockholders of record on Monday, October 20th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.2%. The ex-dividend date is Monday, October 20th. GE Vernova’s dividend payout ratio (DPR) is currently 24.10%.

Insider Activity

In related news, CFO Kenneth Scott Parks sold 3,300 shares of GE Vernova stock in a transaction 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 sale, the chief financial officer directly owned 7,590 shares of the company’s stock, valued at $4,705,800. The trade was 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 this link. 0.15% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on GEV shares. Seaport Res Ptn raised GE Vernova to a “strong-buy” rating in a research note on Thursday, July 10th. Guggenheim cut GE Vernova from a “buy” rating to a “neutral” rating in a report on Monday, July 28th. UBS Group began coverage on shares of GE Vernova in a report on Monday, July 7th. They set a “buy” rating and a $614.00 price objective on the stock. Robert W. Baird boosted their target price on shares of GE Vernova from $568.00 to $706.00 and gave the stock an “outperform” rating in a research note on Thursday, July 24th. Finally, Morgan Stanley upped their target price on shares of GE Vernova from $511.00 to $675.00 and gave the stock an “overweight” rating in a research report on Thursday, July 24th. Four equities research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $598.50.

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.