JFS Wealth Advisors LLC Has $98,000 Stock Holdings in GE Vernova Inc. $GEV

JFS Wealth Advisors LLC cut its holdings in GE Vernova Inc. (NYSE:GEV) by 13.6% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 185 shares of the company’s stock after selling 29 shares during the quarter. JFS Wealth Advisors LLC’s holdings in GE Vernova were worth $98,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in GEV. EQ Wealth Advisors LLC acquired a new stake in GE Vernova in the first quarter valued at approximately $27,000. IMA Advisory Services Inc. acquired a new stake in GE Vernova in the first quarter valued at approximately $27,000. Mowery & Schoenfeld Wealth Management LLC lifted its stake in GE Vernova by 115.2% in the first quarter. Mowery & Schoenfeld Wealth Management LLC now owns 99 shares of the company’s stock valued at $30,000 after acquiring an additional 53 shares during the last quarter. 1248 Management LLC acquired a new stake in GE Vernova in the first quarter valued at approximately $31,000. Finally, Saudi Central Bank acquired a new stake in GE Vernova in the first quarter valued at approximately $33,000.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on GEV. Robert W. Baird lifted their target price on shares of GE Vernova from $568.00 to $706.00 and gave the company an “outperform” rating in a research note on Thursday, July 24th. UBS Group assumed coverage on shares of GE Vernova in a research report on Monday, July 7th. They issued a “buy” rating and a $614.00 price target on the stock. Melius Research set a $740.00 price target on shares of GE Vernova and gave the company a “buy” rating in a research report on Monday, September 15th. Citigroup lifted their price target on shares of GE Vernova from $544.00 to $670.00 and gave the company a “neutral” rating in a research report on Thursday, July 24th. Finally, HSBC lifted their price target on shares of GE Vernova from $570.00 to $580.00 and gave the company a “hold” rating in a research report on Friday, September 5th. Four research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $598.50.

GE Vernova Trading Down 4.4%

Shares of GEV stock opened at $606.30 on Friday. GE Vernova Inc. has a 1 year low of $252.25 and a 1 year high of $677.29. The firm’s fifty day simple moving average is $619.64 and its 200 day simple moving average is $509.80. The firm has a market capitalization of $165.05 billion, a P/E ratio of 146.10, a price-to-earnings-growth ratio of 4.40 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, topping analysts’ consensus estimates of $1.63 by $0.23. GE Vernova had a net margin of 3.16% and a return on equity of 13.23%. The business had revenue of $9.11 billion for the quarter, compared to analyst estimates of $8.78 billion. During the same quarter in the previous year, the firm posted $4.65 earnings per share. GE Vernova’s revenue was up 11.1% compared to the same quarter last year. GE Vernova has set its FY 2025 guidance at EPS. Equities research analysts anticipate that GE Vernova Inc. will post 6.59 EPS for the current fiscal year.

GE Vernova Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, November 17th. Investors of record on Monday, October 20th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, October 20th. This represents a $1.00 dividend on an annualized basis and a yield of 0.2%. GE Vernova’s payout ratio is 24.10%.

Insider Transactions at GE Vernova

In related news, CFO Kenneth Scott Parks sold 3,300 shares of the business’s stock in a transaction 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. The trade was a 30.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.15% of the company’s stock.

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.