GE Vernova Inc. $GEV Stock Holdings Boosted by Optimum Investment Advisors

Optimum Investment Advisors raised its position in shares of GE Vernova Inc. (NYSE:GEV) by 1.7% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,227 shares of the company’s stock after purchasing an additional 53 shares during the quarter. GE Vernova comprises 0.7% of Optimum Investment Advisors’ portfolio, making the stock its 25th largest holding. Optimum Investment Advisors’ holdings in GE Vernova were worth $1,708,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Ballast Advisors LLC bought a new position in GE Vernova during the 2nd quarter valued at $214,000. Ingalls & Snyder LLC boosted its stake in GE Vernova by 18.0% during the 2nd quarter. Ingalls & Snyder LLC now owns 5,740 shares of the company’s stock valued at $3,037,000 after purchasing an additional 874 shares in the last quarter. Darden Wealth Group Inc lifted its position in shares of GE Vernova by 1.6% during the 2nd quarter. Darden Wealth Group Inc now owns 1,261 shares of the company’s stock valued at $667,000 after acquiring an additional 20 shares during the last quarter. Interchange Capital Partners LLC acquired a new stake in shares of GE Vernova during the 2nd quarter valued at $371,000. Finally, Brighton Jones LLC lifted its position in shares of GE Vernova by 67.2% during the 2nd quarter. Brighton Jones LLC now owns 5,404 shares of the company’s stock valued at $2,859,000 after acquiring an additional 2,172 shares during the last quarter.

GE Vernova Trading Down 1.8%

Shares of NYSE:GEV opened at $584.68 on Friday. GE Vernova Inc. has a 1 year low of $252.25 and a 1 year high of $677.29. The business has a fifty day simple moving average of $611.31 and a 200 day simple moving average of $531.04. The firm has a market cap of $158.64 billion, a price-to-earnings ratio of 95.23, a P/E/G ratio of 4.22 and a beta of 1.72.

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

GE Vernova Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 17th. Investors of record on Monday, October 20th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.2%. The ex-dividend date is Monday, October 20th. GE Vernova’s dividend payout ratio (DPR) is currently 16.29%.

Insider Activity

In related news, CFO Kenneth Scott Parks sold 3,300 shares of the stock in a transaction 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 completion of the sale, the chief financial officer directly owned 7,590 shares in the company, valued at approximately $4,705,800. This trade represents a 30.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.15% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Melius Research set a $740.00 price objective on GE Vernova and gave the company a “buy” rating in a research report on Monday, September 15th. TD Cowen cut their price objective on GE Vernova from $685.00 to $680.00 and set a “buy” rating for the company in a research report on Thursday. Redburn Partners set a $475.00 price objective on GE Vernova in a research report on Wednesday, October 15th. Rothschild Redb lowered GE Vernova from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 15th. Finally, UBS Group set a $710.00 target price on GE Vernova in a report on Thursday. Four analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $607.59.

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.