Leavell Investment Management Inc. Acquires 99 Shares of GE Vernova Inc. $GEV

Leavell Investment Management Inc. grew its stake in shares of GE Vernova Inc. (NYSE:GEV) by 1.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,991 shares of the company’s stock after buying an additional 99 shares during the quarter. Leavell Investment Management Inc.’s holdings in GE Vernova were worth $3,699,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of GEV. WFA Asset Management Corp bought a new position in GE Vernova during the 2nd quarter worth approximately $29,000. Highline Wealth Partners LLC boosted its stake in shares of GE Vernova by 34.6% during 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 during the period. Raleigh Capital Management Inc. bought a new position in shares of GE Vernova in the second quarter worth approximately $37,000. Advantage Trust Co purchased a new position in shares of GE Vernova in the second quarter worth $40,000. Finally, IMA Advisory Services Inc. purchased a new position in shares of GE Vernova in the first quarter worth $27,000.

Insider Transactions at GE Vernova

In related news, CFO Kenneth Scott Parks sold 3,300 shares of the business’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 sale, the chief financial officer 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.15% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several brokerages have weighed in on GEV. Seaport Res Ptn raised shares of GE Vernova to a “strong-buy” rating in a research report on Thursday, July 10th. Rothschild & Co Redburn reiterated a “sell” rating and set a $475.00 target price on shares of GE Vernova in a report on Wednesday, October 15th. Mizuho cut their target price on GE Vernova from $677.00 to $660.00 and set a “neutral” rating on the stock in a research note on Friday. Royal Bank Of Canada upped their price target on GE Vernova from $605.00 to $630.00 and gave the company a “sector perform” rating in a research report on Thursday. Finally, Citigroup dropped their price objective on 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 assigned a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $607.59.

GE Vernova Stock Performance

Shares of NYSE:GEV opened at $584.68 on Friday. The firm 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 has a 50 day moving average price of $611.31 and a 200-day moving average price of $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 issued its quarterly earnings results on Wednesday, October 22nd. The company reported $1.64 earnings per share for the quarter, missing the consensus estimate of $1.72 by ($0.08). The firm had revenue of $9.97 billion during the quarter, compared to analysts’ expectations of $9.15 billion. GE Vernova had a return on equity of 17.07% and a net margin of 4.52%.GE Vernova’s revenue for the quarter was up 11.8% on a year-over-year basis. During the same period in the previous year, the company earned ($0.35) earnings per share. GE Vernova has set its FY 2025 guidance at EPS. On average, equities analysts forecast that GE Vernova Inc. will post 6.59 EPS for the current fiscal year.

GE Vernova Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 17th. Investors of record on Monday, October 20th will be paid 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 presently 16.29%.

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.