Strategic Blueprint LLC Acquires 28 Shares of GE Vernova Inc. $GEV

Strategic Blueprint LLC lifted its holdings in GE Vernova Inc. (NYSE:GEV) by 1.6% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,782 shares of the company’s stock after purchasing an additional 28 shares during the period. Strategic Blueprint LLC’s holdings in GE Vernova were worth $943,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Principle Wealth Partners LLC raised its stake in GE Vernova by 6.7% during the 2nd quarter. Principle Wealth Partners LLC now owns 2,139 shares of the company’s stock worth $1,132,000 after acquiring an additional 134 shares during the period. Ethic Inc. raised its stake in GE Vernova by 80.1% during the 2nd quarter. Ethic Inc. now owns 32,594 shares of the company’s stock worth $16,938,000 after acquiring an additional 14,500 shares during the period. Greatmark Investment Partners Inc. bought a new stake in GE Vernova during the 2nd quarter worth approximately $315,000. Caliber Wealth Management LLC KS bought a new stake in GE Vernova during the 2nd quarter worth approximately $1,759,000. Finally, Rehmann Capital Advisory Group raised its stake in GE Vernova by 7.6% during the 2nd quarter. Rehmann Capital Advisory Group now owns 1,467 shares of the company’s stock worth $776,000 after acquiring an additional 104 shares during the period.

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 on 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 transaction, the chief financial officer directly owned 7,590 shares of the company’s stock, valued at approximately $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 SEC, which can be accessed through this hyperlink. Company insiders own 0.15% of the company’s stock.

GE Vernova Price Performance

Shares of GEV opened at $584.68 on Friday. GE Vernova Inc. has a 1 year low of $252.25 and a 1 year high of $677.29. The company has a 50 day simple moving average of $611.31 and a two-hundred day simple moving average of $529.36. The firm has a market cap of $158.64 billion, a P/E ratio of 95.23, a price-to-earnings-growth ratio of 4.30 and a beta of 1.72.

GE Vernova (NYSE:GEV) last posted its earnings results on Wednesday, October 22nd. The company reported $1.64 earnings per share for the quarter, missing analysts’ consensus estimates of $1.72 by ($0.08). GE Vernova had a net margin of 4.52% and a return on equity of 17.07%. The business had revenue of $9.97 billion during the quarter, compared to analysts’ expectations of $9.15 billion. During the same period last year, the business posted ($0.35) earnings per share. The company’s revenue for the quarter was up 11.8% compared to the same quarter last year. GE Vernova has set its FY 2025 guidance at EPS. On average, sell-side analysts anticipate that GE Vernova Inc. will post 6.59 earnings per share for the current year.

GE Vernova Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. BMO Capital Markets raised their target price on shares of GE Vernova from $690.00 to $710.00 and gave the stock an “outperform” rating in a research note on Thursday. Redburn Partners set a $475.00 target price on shares of GE Vernova in a research note on Wednesday, October 15th. Cowen reaffirmed a “buy” rating on shares of GE Vernova in a report on Thursday. Seaport Res Ptn raised shares of GE Vernova to a “strong-buy” rating in a report on Thursday, July 10th. Finally, Citigroup cut their price objective on shares of GE Vernova from $670.00 to $658.00 and set a “neutral” rating for the company in a report on Thursday. Four research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, GE Vernova has a consensus rating of “Moderate Buy” and an average target price of $607.59.

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.