1,651 Shares in GE Vernova Inc. $GEV Purchased by Archford Capital Strategies LLC

Key Points

• Archford Capital Strategies LLC acquired 1,651 shares of GE Vernova Inc. valued at approximately $874,000 during the second quarter.
• CFO Kenneth Scott Parks sold 3,300 shares of the firm at an average price of $620.00, marking a 30.30% decrease in his position.
• GE Vernova recently declared a quarterly dividend of $0.25 per share, with an annualized yield of 0.2% and a dividend payout ratio of 24.10%.

Archford Capital Strategies LLC acquired a new position in shares of GE Vernova Inc. (NYSE:GEV - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 1,651 shares of the company's stock, valued at approximately $874,000.

A number of other institutional investors have also recently added to or reduced their stakes in GEV. Highline Wealth Partners LLC lifted its holdings in shares of GE Vernova by 34.6% in the second quarter. Highline Wealth Partners LLC now owns 70 shares of the company's stock valued at $37,000 after purchasing an additional 18 shares in the last quarter. Atlas Brown Inc. increased its position in GE Vernova by 0.8% during the second quarter. Atlas Brown Inc. now owns 2,496 shares of the company's stock worth $1,321,000 after purchasing an additional 19 shares during the last quarter. Physician Wealth Advisors Inc. increased its position in GE Vernova by 9.0% during the second quarter. Physician Wealth Advisors Inc. now owns 241 shares of the company's stock worth $128,000 after purchasing an additional 20 shares during the last quarter. West Branch Capital LLC grew its holdings in GE Vernova by 25.6% during the 2nd quarter. West Branch Capital LLC now owns 98 shares of the company's stock valued at $52,000 after purchasing an additional 20 shares in the last quarter. Finally, Grove Bank & Trust grew its holdings in GE Vernova by 16.0% during the 2nd quarter. Grove Bank & Trust now owns 167 shares of the company's stock valued at $88,000 after purchasing an additional 23 shares in the last quarter.

Insider Buying and Selling at GE Vernova

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

GE Vernova Trading Down 0.7%

Shares of NYSE GEV opened at $600.66 on Tuesday. The firm has a market capitalization of $163.51 billion, a PE ratio of 144.74, a price-to-earnings-growth ratio of 4.41 and a beta of 1.88. GE Vernova Inc. has a 1 year low of $248.50 and a 1 year high of $677.29. The firm's 50-day moving average is $623.69 and its 200-day moving average is $493.48.

GE Vernova (NYSE:GEV - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The company reported $1.86 earnings per share for the quarter, topping the consensus estimate of $1.63 by $0.23. The business had revenue of $9.11 billion for the quarter, compared to analyst estimates of $8.78 billion. GE Vernova had a net margin of 3.16% and a return on equity of 13.23%. GE Vernova's quarterly revenue was up 11.1% compared to the same quarter last year. During the same quarter last year, the firm earned $4.65 EPS. GE Vernova has set its FY 2025 guidance at EPS. As a group, equities research analysts anticipate that GE Vernova Inc. will post 6.59 earnings per share for the current fiscal year.

GE Vernova Dividend Announcement

The firm 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 annualized dividend 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 currently 24.10%.

Analysts Set New Price Targets

A number of research analysts have commented on GEV shares. Barclays increased their price objective on shares of GE Vernova from $580.00 to $706.00 and gave the company an "overweight" rating in a research note on Thursday, July 24th. UBS Group assumed coverage on shares of GE Vernova in a research note on Monday, July 7th. They issued a "buy" rating and a $614.00 price objective on the stock. Jefferies Financial Group raised their target price on shares of GE Vernova from $658.00 to $668.00 and gave the stock a "hold" rating in a report on Friday, September 12th. Wall Street Zen cut shares of GE Vernova from a "buy" rating to a "hold" rating in a report on Saturday, July 26th. Finally, Morgan Stanley raised their price target on shares of GE Vernova from $511.00 to $675.00 and gave the stock an "overweight" rating in a report on Thursday, July 24th. Four analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $592.35.

GE Vernova Company 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.

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