GE Vernova Inc. $GEV Shares Bought by Focus Partners Advisor Solutions LLC

Focus Partners Advisor Solutions LLC grew its position in GE Vernova Inc. (NYSE:GEV) by 18.2% during the second quarter, Holdings Channel reports. The firm owned 6,988 shares of the company’s stock after acquiring an additional 1,077 shares during the period. Focus Partners Advisor Solutions LLC’s holdings in GE Vernova were worth $3,695,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently modified their holdings of the company. Caitong International Asset Management Co. Ltd purchased a new position in GE Vernova during the 1st quarter worth approximately $912,000. Pines Wealth Management LLC purchased a new stake in shares of GE Vernova in the second quarter worth about $408,000. Resona Asset Management Co. Ltd. grew its stake in shares of GE Vernova by 8.2% during the 1st quarter. Resona Asset Management Co. Ltd. now owns 86,021 shares of the company’s stock worth $26,229,000 after purchasing an additional 6,551 shares during the period. Dupree Financial Group LLC acquired a new position in shares of GE Vernova in the second quarter worth about $253,000. Finally, Lockheed Martin Investment Management Co. acquired a new stake in GE Vernova in the first quarter valued at approximately $458,000.

Analyst Upgrades and Downgrades

GEV has been the topic of a number of research reports. Guggenheim lowered GE Vernova from a “buy” rating to a “neutral” rating in a report on Monday, July 28th. Robert W. Baird increased their price objective on shares of GE Vernova from $568.00 to $706.00 and gave the stock an “outperform” rating in a research report on Thursday, July 24th. Citigroup decreased their price target on shares of GE Vernova from $670.00 to $658.00 and set a “neutral” rating for the company in a research report on Thursday. Barclays increased their price target on GE Vernova from $706.00 to $710.00 and gave the company an “overweight” rating in a research report on Thursday. Finally, Morgan Stanley upped their target price on shares of GE Vernova from $675.00 to $690.00 and gave the company an “overweight” rating in a report on Thursday, October 16th. Four equities research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $607.59.

GE Vernova Stock Down 1.8%

Shares of NYSE:GEV opened at $584.68 on Friday. The company has a market capitalization of $158.64 billion, a P/E ratio of 95.23, a P/E/G ratio of 4.22 and a beta of 1.72. The stock’s fifty day simple moving average is $611.31 and its 200-day simple moving average is $531.04. GE Vernova Inc. has a 52-week low of $252.25 and a 52-week high of $677.29.

GE Vernova (NYSE:GEV) last announced its quarterly earnings data on Wednesday, October 22nd. The company reported $1.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.72 by ($0.08). The company had revenue of $9.97 billion for the quarter, compared to analysts’ expectations of $9.15 billion. GE Vernova had a net margin of 4.52% and a return on equity of 17.07%. The firm’s quarterly revenue was up 11.8% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.35) earnings per share. 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 Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 17th. Stockholders of record on Monday, October 20th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Monday, October 20th. GE Vernova’s dividend payout ratio (DPR) is 16.29%.

Insider Activity

In other news, CFO Kenneth Scott Parks sold 3,300 shares of the business’s stock in a transaction dated 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 owned 7,590 shares in the company, valued at approximately $4,705,800. The trade was a 30.30% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.15% of the company’s stock.

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.