Financial Council LLC Takes Position in GE Vernova Inc. $GEV

Financial Council LLC acquired a new stake in GE Vernova Inc. (NYSE:GEV) during the 2nd quarter, Holdings Channel reports. The institutional investor acquired 451 shares of the company’s stock, valued at approximately $239,000.

Several other hedge funds and other institutional investors have also modified their holdings of GEV. Brighton Jones LLC lifted its stake in shares of GE Vernova by 29.4% in the 4th quarter. Brighton Jones LLC now owns 3,315 shares of the company’s stock valued at $1,091,000 after purchasing an additional 753 shares in the last quarter. NBC Securities Inc. lifted its stake in shares of GE Vernova by 166,700.0% in the 1st quarter. NBC Securities Inc. now owns 1,668 shares of the company’s stock valued at $509,000 after purchasing an additional 1,667 shares in the last quarter. Apella Capital LLC lifted its stake in shares of GE Vernova by 42.0% in the 1st quarter. Apella Capital LLC now owns 1,081 shares of the company’s stock valued at $353,000 after purchasing an additional 320 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its position in GE Vernova by 65.4% during the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 574 shares of the company’s stock worth $175,000 after acquiring an additional 227 shares in the last quarter. Finally, Breakwater Capital Group lifted its position in GE Vernova by 5.3% during the 1st quarter. Breakwater Capital Group now owns 1,875 shares of the company’s stock worth $572,000 after acquiring an additional 94 shares in the last quarter.

Insider Activity

In other GE Vernova 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 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 position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.15% of the stock is currently owned by insiders.

GE Vernova Stock Down 1.8%

Shares of GEV opened at $595.07 on Friday. The business’s 50 day moving average is $623.21 and its two-hundred day moving average is $498.89. GE Vernova Inc. has a 52-week low of $252.25 and a 52-week high of $677.29. The firm has a market cap of $161.99 billion, a price-to-earnings ratio of 143.39, a PEG ratio of 4.42 and a beta of 1.72.

GE Vernova (NYSE:GEV) last announced its earnings results on Wednesday, July 23rd. The company reported $1.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.63 by $0.23. GE Vernova had a return on equity of 13.23% and a net margin of 3.16%.The company had revenue of $9.11 billion for the quarter, compared to analyst estimates of $8.78 billion. During the same period in the prior year, the company posted $4.65 EPS. GE Vernova’s quarterly revenue was up 11.1% on a year-over-year basis. GE Vernova has set its FY 2025 guidance at EPS. On average, equities analysts expect that GE Vernova Inc. will post 6.59 earnings per share for the current fiscal year.

GE Vernova Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 17th. Shareholders of record on Monday, October 20th will be given 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 is Monday, October 20th. GE Vernova’s dividend payout ratio is presently 24.10%.

Analyst Ratings Changes

Several equities analysts recently commented on GEV shares. Wells Fargo & Company boosted their price target on GE Vernova from $474.00 to $697.00 and gave the stock an “overweight” rating in a research report on Thursday, July 24th. Wolfe Research lowered GE Vernova from an “outperform” rating to a “peer perform” rating in a research report on Friday, June 13th. Morgan Stanley boosted their price target on GE Vernova from $511.00 to $675.00 and gave the stock an “overweight” rating in a research report on Thursday, July 24th. UBS Group started coverage on GE Vernova in a research report on Monday, July 7th. They set a “buy” rating and a $614.00 price target on the stock. Finally, Robert W. Baird boosted their price target on GE Vernova from $568.00 to $706.00 and gave the stock an “outperform” rating in a research report on Thursday, July 24th. Four equities research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $598.50.

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.