472 Shares in GE Vernova Inc. $GEV Acquired by Winthrop Advisory Group LLC

Key Points

• Winthrop Advisory Group LLC acquired 472 shares of GE Vernova Inc. valued at approximately $250,000, indicating rising institutional interest in the company.
• GE Vernova's CFO, Kenneth Scott Parks, sold 3,300 shares for a total of $2,046,000, marking a 30.30% decrease in their position in the company.
• The company reported earnings of $1.86 per share for the last quarter, exceeding analysts' estimates, and declared a quarterly dividend of $0.25 per share to be paid on November 17th.

Winthrop Advisory Group LLC purchased a new position in shares of GE Vernova Inc. (NYSE:GEV - Free Report) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 472 shares of the company's stock, valued at approximately $250,000.

Several other hedge funds have also recently modified their holdings of GEV. Broderick Brian C acquired a new position in GE Vernova during the 2nd quarter valued at approximately $303,000. Kidder Stephen W acquired a new stake in GE Vernova during the second quarter worth about $292,000. Triasima Portfolio Management inc. grew its stake in shares of GE Vernova by 39.0% during the 2nd quarter. Triasima Portfolio Management inc. now owns 10,402 shares of the company's stock worth $5,504,000 after purchasing an additional 2,920 shares during the period. Sax Wealth Advisors LLC acquired a new stake in shares of GE Vernova during the 2nd quarter valued at about $306,000. Finally, Venturi Wealth Management LLC grew its holdings in GE Vernova by 5.4% in the second quarter. Venturi Wealth Management LLC now owns 1,376 shares of the company's stock valued at $728,000 after purchasing an additional 71 shares during the period.

Insider Buying and Selling at GE Vernova

In other GE Vernova news, CFO Kenneth Scott Parks sold 3,300 shares of the business's stock in a transaction dated Tuesday, August 26th. The shares were 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 in the company, valued at $4,705,800. The trade was a 30.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.15% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Wolfe Research cut shares of GE Vernova from an "outperform" rating to a "peer perform" rating in a research note on Friday, June 13th. Glj Research initiated coverage on shares of GE Vernova in a research report on Monday, June 23rd. They issued a "buy" rating on the stock. Guggenheim cut GE Vernova from a "buy" rating to a "neutral" rating in a report on Monday, July 28th. Wall Street Zen cut GE Vernova from a "buy" rating to a "hold" rating in a report on Saturday, July 26th. Finally, Susquehanna lifted their price target on GE Vernova from $662.00 to $736.00 and gave the stock a "positive" rating in a research note on Thursday, July 24th. Four investment analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $598.50.

GE Vernova Price Performance

Shares of GE Vernova stock opened at $606.24 on Wednesday. The stock has a market cap of $165.03 billion, a P/E ratio of 146.08, a P/E/G ratio of 4.39 and a beta of 1.72. The stock's 50 day simple moving average is $621.76 and its 200-day simple moving average is $503.77. GE Vernova Inc. has a 1-year low of $252.25 and a 1-year high of $677.29.

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 analysts' consensus estimates of $1.63 by $0.23. The company had revenue of $9.11 billion for the quarter, compared to analyst estimates of $8.78 billion. GE Vernova had a return on equity of 13.23% and a net margin of 3.16%.The firm's revenue for the quarter was up 11.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.65 earnings per share. GE Vernova has set its FY 2025 guidance at EPS. As a group, research analysts expect that GE Vernova Inc. will post 6.59 EPS for the current fiscal year.

GE Vernova Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, November 17th. Stockholders 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 annualized dividend and a dividend yield of 0.2%. GE Vernova's payout ratio is presently 24.10%.

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.

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