GE Vernova Inc. $GEV Shares Purchased by Weaver Consulting Group

Weaver Consulting Group grew its holdings in GE Vernova Inc. (NYSE:GEV) by 28.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,335 shares of the company’s stock after purchasing an additional 293 shares during the quarter. Weaver Consulting Group’s holdings in GE Vernova were worth $706,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd acquired a new stake in shares of GE Vernova during the 1st quarter worth about $912,000. Pines Wealth Management LLC acquired a new stake in GE Vernova during the second quarter worth approximately $408,000. Resona Asset Management Co. Ltd. lifted its position 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 buying an additional 6,551 shares during the last quarter. Dupree Financial Group LLC acquired a new position in GE Vernova in the second quarter valued at $253,000. Finally, Lockheed Martin Investment Management Co. purchased a new position in shares of GE Vernova during the first quarter worth about $458,000.

Analyst Ratings Changes

Several analysts recently commented on the stock. Rothschild & Co Redburn reiterated a “sell” rating and issued a $475.00 price target on shares of GE Vernova in a research report on Wednesday, October 15th. Rothschild Redb lowered shares of GE Vernova from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 15th. Cowen reiterated a “buy” rating on shares of GE Vernova in a research note on Thursday, October 23rd. UBS Group set a $710.00 price target on GE Vernova in a report on Thursday, October 23rd. Finally, Jefferies Financial Group reaffirmed a “hold” rating and set a $654.00 price objective on shares of GE Vernova in a research note on Monday, October 27th. Four analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, GE Vernova currently has a consensus rating of “Moderate Buy” and a consensus target price of $607.81.

Insider Activity

In related news, CFO Kenneth Scott Parks sold 3,300 shares of the company’s stock in a transaction that occurred on 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 transaction, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.15% of the company’s stock.

GE Vernova Stock Performance

Shares of NYSE GEV opened at $608.80 on Thursday. The company’s fifty day moving average is $598.44 and its two-hundred day moving average is $561.28. GE Vernova Inc. has a one year low of $252.25 and a one year high of $677.29. The firm has a market capitalization of $165.18 billion, a P/E ratio of 99.50, a PEG ratio of 4.13 and a beta of 1.68.

GE Vernova (NYSE:GEV) last announced its quarterly earnings results on Wednesday, October 22nd. The company reported $1.64 EPS for the quarter, missing the consensus estimate of $1.72 by ($0.08). The firm had revenue of $9.97 billion for 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 was up 11.8% compared to the same quarter last year. During the same period last year, the firm earned ($0.35) EPS. GE Vernova has set its FY 2025 guidance at EPS. On average, sell-side analysts forecast that GE Vernova Inc. will post 6.59 earnings per share for the current fiscal year.

GE Vernova Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, November 17th. Stockholders of record on Monday, October 20th were 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 of this dividend was Monday, October 20th. GE Vernova’s payout ratio is 16.29%.

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.