Montag A & Associates Inc. Has $222,000 Stake in GE Vernova Inc. $GEV

Montag A & Associates Inc. reduced its stake in GE Vernova Inc. (NYSE:GEV) by 61.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 419 shares of the company’s stock after selling 654 shares during the period. Montag A & Associates Inc.’s holdings in GE Vernova were worth $222,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in GEV. Ibex Wealth Advisors acquired a new position in GE Vernova in the 2nd quarter valued at $2,493,000. Vise Technologies Inc. bought a new position in shares of GE Vernova in the second quarter worth $3,355,000. First Dallas Securities Inc. bought a new position in shares of GE Vernova in the second quarter worth $249,000. Allworth Financial LP raised its stake in GE Vernova by 25.0% in the second quarter. Allworth Financial LP now owns 6,949 shares of the company’s stock valued at $3,677,000 after purchasing an additional 1,390 shares in the last quarter. Finally, Addison Advisors LLC lifted its position in GE Vernova by 19.2% during the second quarter. Addison Advisors LLC now owns 1,485 shares of the company’s stock worth $786,000 after purchasing an additional 239 shares during the period.

GE Vernova Stock Performance

NYSE GEV opened at $575.07 on Thursday. The firm’s fifty day moving average price is $601.77 and its two-hundred day moving average price is $554.47. The stock has a market cap of $156.03 billion, a PE ratio of 93.66, a PEG ratio of 4.28 and a beta of 1.68. GE Vernova Inc. has a fifty-two week low of $252.25 and a fifty-two week high of $677.29.

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 during the quarter, compared to the consensus estimate of $9.15 billion. GE Vernova had a net margin of 4.52% and a return on equity of 17.07%. The firm’s revenue was up 11.8% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.35) earnings per share. GE Vernova has set its FY 2025 guidance at EPS. As a group, sell-side analysts predict that GE Vernova Inc. will post 6.59 earnings per share for the current fiscal year.

GE Vernova Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, November 17th. Stockholders 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 dividend yield of 0.2%. The ex-dividend date of this dividend is Monday, October 20th. GE Vernova’s dividend payout ratio (DPR) is presently 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 value of $2,046,000.00. Following the completion of the transaction, the chief financial officer 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 transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 0.15% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on GEV. Citigroup decreased their target price on shares of GE Vernova from $670.00 to $658.00 and set a “neutral” rating on the stock in a report on Thursday, October 23rd. Morgan Stanley lifted their price objective on shares of GE Vernova from $690.00 to $710.00 and gave the company an “overweight” rating in a research note on Thursday, October 30th. Mizuho lowered their price objective on shares of GE Vernova from $677.00 to $660.00 and set a “neutral” rating for the company in a research report on Friday, October 24th. Melius raised GE Vernova from a “hold” rating to a “buy” rating and set a $740.00 target price on the stock in a report on Monday, September 15th. Finally, Robert W. Baird lifted their price target on GE Vernova from $568.00 to $706.00 and gave the company an “outperform” rating in a research note on Thursday, July 24th. Four analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, GE Vernova has an average rating of “Moderate Buy” and an average target price of $607.81.

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.