Liberty Wealth Management LLC Acquires New Shares in GE Vernova Inc. $GEV

Liberty Wealth Management LLC purchased a new stake in GE Vernova Inc. (NYSE:GEV) in the 2nd quarter, HoldingsChannel.com reports. The firm purchased 389 shares of the company’s stock, valued at approximately $206,000.

A number of other institutional investors have also added to or reduced their stakes in GEV. WFA Asset Management Corp purchased a new position in GE Vernova during the 2nd quarter valued at about $29,000. Highline Wealth Partners LLC grew its holdings in GE Vernova by 34.6% during the 2nd quarter. Highline Wealth Partners LLC now owns 70 shares of the company’s stock valued at $37,000 after buying an additional 18 shares in the last quarter. Raleigh Capital Management Inc. purchased a new position in GE Vernova during the 2nd quarter valued at about $37,000. Advantage Trust Co purchased a new position in GE Vernova during the 2nd quarter valued at about $40,000. Finally, Solstein Capital LLC purchased a new position in GE Vernova during the second quarter valued at approximately $44,000.

GE Vernova Stock Performance

Shares of NYSE:GEV opened at $584.50 on Tuesday. The firm has a fifty day moving average of $610.51 and a 200 day moving average of $534.28. GE Vernova Inc. has a 52-week low of $252.25 and a 52-week high of $677.29. The firm has a market capitalization of $158.59 billion, a PE ratio of 95.20, a price-to-earnings-growth ratio of 4.22 and a beta of 1.72.

GE Vernova (NYSE:GEV) last posted its quarterly earnings data on Wednesday, October 22nd. The company reported $1.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.72 by ($0.08). GE Vernova had a return on equity of 17.07% and a net margin of 4.52%.The firm had revenue of $9.97 billion during the quarter, compared to analysts’ expectations of $9.15 billion. During the same quarter in the previous year, the company posted ($0.35) earnings per share. GE Vernova’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 forecast that GE Vernova Inc. will post 6.59 EPS for the current fiscal year.

GE Vernova Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 17th. Shareholders of record on Monday, October 20th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Monday, October 20th. This represents a $1.00 annualized dividend and a yield of 0.2%. GE Vernova’s dividend payout ratio is currently 16.29%.

Insider Activity

In other news, CFO Kenneth Scott Parks sold 3,300 shares of the company’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 sale, the chief financial officer owned 7,590 shares of the company’s stock, valued at approximately $4,705,800. This represents a 30.30% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.15% of the company’s stock.

Analysts Set New Price Targets

GEV has been the subject of several recent analyst reports. Barclays boosted their price objective on shares of GE Vernova from $706.00 to $710.00 and gave the company an “overweight” rating in a research note on Thursday, October 23rd. Glj Research boosted their price target on shares of GE Vernova from $702.00 to $758.00 and gave the company a “buy” rating in a research report on Wednesday, October 15th. Susquehanna boosted their target price on GE Vernova from $740.00 to $750.00 and gave the stock a “positive” rating in a research report on Thursday. Mizuho reduced their target price on GE Vernova from $677.00 to $660.00 and set a “neutral” rating for the company in a research report on Friday. Finally, Seaport Res Ptn upgraded GE Vernova to a “strong-buy” rating in a research report on Thursday, July 10th. Four 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 assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $607.07.

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.