Petra Financial Advisors Inc. Buys Shares of 1,021 GE Vernova Inc. $GEV

Petra Financial Advisors Inc. acquired a new stake in shares of GE Vernova Inc. (NYSE:GEV) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 1,021 shares of the company’s stock, valued at approximately $540,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. IMA Advisory Services Inc. bought a new stake in shares of GE Vernova in the first quarter valued at approximately $27,000. WFA Asset Management Corp acquired a new position in GE Vernova in the second quarter valued at about $29,000. Mowery & Schoenfeld Wealth Management LLC boosted its holdings in shares of GE Vernova by 115.2% in the 1st quarter. Mowery & Schoenfeld Wealth Management LLC now owns 99 shares of the company’s stock worth $30,000 after acquiring an additional 53 shares in the last quarter. 1248 Management LLC acquired a new position in shares of GE Vernova in the 1st quarter worth approximately $31,000. Finally, Saudi Central Bank acquired a new position in shares of GE Vernova in the 1st quarter worth approximately $33,000.

GE Vernova Trading Up 0.0%

NYSE GEV opened at $584.50 on Tuesday. The firm’s 50 day simple moving average is $610.51 and its 200 day simple moving average is $534.28. GE Vernova Inc. has a 1 year low of $252.25 and a 1 year high of $677.29. The firm has a market capitalization of $158.59 billion, a price-to-earnings ratio of 95.20, a P/E/G ratio of 4.22 and a beta of 1.72.

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

GE Vernova Announces Dividend

The company 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 dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend is Monday, October 20th. GE Vernova’s dividend payout ratio is 16.29%.

Insider Buying and Selling at GE Vernova

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

Analysts Set New Price Targets

Several brokerages have recently commented on GEV. BMO Capital Markets boosted their target price on GE Vernova from $690.00 to $710.00 and gave the stock an “outperform” rating in a report on Thursday, October 23rd. Jefferies Financial Group reiterated a “hold” rating and set a $654.00 price target on shares of GE Vernova in a research report on Monday. 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 note on Thursday, October 23rd. Susquehanna upped their target price on shares of GE Vernova from $740.00 to $750.00 and gave the company a “positive” rating in a research report on Thursday. Finally, Rothschild Redb downgraded shares of GE Vernova from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 15th. 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 given a Sell rating to the company. Based on data from MarketBeat, GE Vernova presently has a consensus rating of “Moderate Buy” and an average target price of $607.07.

GE Vernova Company 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.