Curran Financial Partners LLC Makes New $291,000 Investment in GE Vernova Inc. $GEV

Curran Financial Partners LLC purchased a new position in GE Vernova Inc. (NYSE:GEV) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 550 shares of the company’s stock, valued at approximately $291,000.

A number of other large investors have also bought and sold shares of the stock. Stock Yards Bank & Trust Co. grew its holdings in GE Vernova by 6.1% in the second quarter. Stock Yards Bank & Trust Co. now owns 2,844 shares of the company’s stock worth $1,505,000 after purchasing an additional 163 shares during the period. Clarity Capital Partners LLC grew its holdings in GE Vernova by 33.3% in the second quarter. Clarity Capital Partners LLC now owns 901 shares of the company’s stock worth $477,000 after purchasing an additional 225 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its holdings in GE Vernova by 15.8% in the second quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 3,982 shares of the company’s stock worth $2,107,000 after purchasing an additional 542 shares during the period. DHJJ Financial Advisors Ltd. grew its holdings in GE Vernova by 35.4% in the second quarter. DHJJ Financial Advisors Ltd. now owns 134 shares of the company’s stock worth $71,000 after purchasing an additional 35 shares during the period. Finally, Sterling Investment Counsel LLC acquired a new position in shares of GE Vernova during the second quarter valued at about $291,000.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of GE Vernova in a research report on Saturday, September 27th. HSBC upped their target price on shares of GE Vernova from $570.00 to $580.00 and gave the stock a “hold” rating in a report on Friday, September 5th. Glj Research began coverage on shares of GE Vernova in a report on Monday, June 23rd. They issued a “buy” rating on the stock. JPMorgan Chase & Co. upped their target price 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. Finally, The Goldman Sachs Group upped their target price on shares of GE Vernova from $500.00 to $570.00 and gave the stock a “buy” rating in a report on Tuesday, June 10th. Four analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $598.50.

GE Vernova Price Performance

GEV opened at $595.07 on Friday. The company’s 50-day moving average is $623.21 and its 200 day moving average is $498.89. GE Vernova Inc. has a fifty-two week low of $252.25 and a fifty-two week high of $677.29. The firm has a market capitalization of $161.99 billion, a P/E ratio of 143.39, a PEG ratio of 4.42 and a beta of 1.72.

GE Vernova (NYSE:GEV) last released its quarterly earnings results on Wednesday, July 23rd. The company reported $1.86 earnings per share for the quarter, beating 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 company had revenue of $9.11 billion for the quarter, compared to analyst estimates of $8.78 billion. During the same period last year, the firm earned $4.65 earnings per share. The firm’s revenue was up 11.1% on a year-over-year basis. GE Vernova has set its FY 2025 guidance at EPS. On average, equities research analysts expect that GE Vernova Inc. will post 6.59 earnings per share for the current year.

GE Vernova Announces Dividend

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

Insider Buying and Selling at GE Vernova

In related news, CFO Kenneth Scott Parks sold 3,300 shares of the firm’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 transaction, the chief financial officer directly 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 transaction 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 insiders.

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.