Fairvoy Private Wealth LLC Takes Position in GE Vernova Inc. $GEV

Fairvoy Private Wealth LLC bought a new stake in GE Vernova Inc. (NYSE:GEV) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 421 shares of the company’s stock, valued at approximately $223,000.

A number of other large investors also recently modified their holdings of the stock. Highline Wealth Partners LLC lifted its holdings in shares of GE Vernova by 34.6% in the second quarter. Highline Wealth Partners LLC now owns 70 shares of the company’s stock valued at $37,000 after purchasing an additional 18 shares in the last quarter. Atlas Brown Inc. lifted 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 in the last quarter. Physician Wealth Advisors Inc. lifted its holdings in shares of GE Vernova by 9.0% in the second quarter. Physician Wealth Advisors Inc. now owns 241 shares of the company’s stock valued at $128,000 after purchasing an additional 20 shares in the last quarter. West Branch Capital LLC lifted its holdings in GE Vernova by 25.6% during the second 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 period. Finally, Grove Bank & Trust lifted its holdings in GE Vernova by 16.0% during the second quarter. Grove Bank & Trust now owns 167 shares of the company’s stock worth $88,000 after acquiring an additional 23 shares during the period.

Wall Street Analysts Forecast Growth

GEV has been the topic of a number of recent analyst reports. BMO Capital Markets lifted their price target on GE Vernova from $590.00 to $690.00 and gave the stock an “outperform” rating in a report on Thursday, July 24th. Jefferies Financial Group lifted their price target on GE Vernova from $658.00 to $668.00 and gave the stock a “hold” rating in a report on Friday, September 12th. The Goldman Sachs Group lifted their price target on GE Vernova from $500.00 to $570.00 and gave the stock a “buy” rating in a report on Tuesday, June 10th. Weiss Ratings reiterated a “hold (c)” rating on shares of GE Vernova in a report on Saturday, September 27th. Finally, Royal Bank Of Canada set a $605.00 price target on GE Vernova and gave the stock a “sector perform” rating in a report on Wednesday. Four analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $598.50.

Insider Buying and Selling at GE Vernova

In other 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 value of $2,046,000.00. Following the completion of the transaction, the chief financial officer directly owned 7,590 shares in the company, valued at approximately $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 can be accessed through the SEC website. Company insiders own 0.15% of the company’s stock.

GE Vernova Price Performance

NYSE:GEV opened at $595.07 on Friday. The business has a fifty day simple moving average of $623.21 and a two-hundred day simple moving average of $500.03. GE Vernova Inc. has a 1 year low of $252.25 and a 1 year high of $677.29. The company has a market capitalization of $161.99 billion, a P/E ratio of 143.39, a P/E/G ratio of 4.34 and a beta of 1.72.

GE Vernova (NYSE:GEV) last released its earnings results 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 return on equity of 13.23% and a net margin of 3.16%.The business had revenue of $9.11 billion during the quarter, compared to the consensus estimate of $8.78 billion. During the same period last year, the business posted $4.65 earnings per share. The business’s revenue for the quarter was up 11.1% on a year-over-year basis. GE Vernova has set its FY 2025 guidance at EPS. As a group, analysts anticipate that GE Vernova Inc. will post 6.59 earnings per share 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. The ex-dividend date is Monday, October 20th. This represents a $1.00 annualized dividend and a dividend yield of 0.2%. GE Vernova’s payout ratio is 24.10%.

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.