495 Shares in GE Vernova Inc. $GEV Acquired by Wealth Architects LLC

Key Points

• Wealth Architects LLC acquired 495 shares of GE Vernova Inc. valued at approximately $262,000 in the second quarter.
• After a recent sale of 3,300 shares by CFO Kenneth Scott Parks, insiders hold only 0.15% of the company's stock.
• GE Vernova reported $1.86 EPS last quarter, beating consensus estimates and showing an 11.1% revenue increase year-over-year.

Wealth Architects LLC bought a new stake in GE Vernova Inc. (NYSE:GEV - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 495 shares of the company's stock, valued at approximately $262,000.

Other institutional investors also recently added to or reduced their stakes in the company. Highline Wealth Partners LLC raised its holdings in shares of GE Vernova by 34.6% in the 2nd 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. Raleigh Capital Management Inc. acquired a new position in shares of GE Vernova during the second quarter worth $37,000. IMA Advisory Services Inc. purchased a new position in GE Vernova in the first quarter valued at $27,000. EQ Wealth Advisors LLC purchased a new position in GE Vernova in the first quarter valued at $27,000. Finally, West Branch Capital LLC raised its stake in GE Vernova by 25.6% in the second quarter. West Branch Capital LLC now owns 98 shares of the company's stock valued at $52,000 after buying an additional 20 shares in the last quarter.

Analyst Ratings Changes

Several research firms have recently issued reports on GEV. Guggenheim cut GE Vernova from a "buy" rating to a "neutral" rating in a research report on Monday, July 28th. Royal Bank Of Canada set a $605.00 target price on GE Vernova and gave the stock a "sector perform" rating in a research note on Wednesday, October 1st. Weiss Ratings reaffirmed a "hold (c)" rating on shares of GE Vernova in a report on Wednesday, October 8th. Glj Research assumed coverage on shares of GE Vernova in a research note on Monday, June 23rd. They issued a "buy" rating on the stock. Finally, JPMorgan Chase & Co. boosted their price objective on shares of GE Vernova from $620.00 to $715.00 and gave the stock an "overweight" rating in a research report on Thursday, July 24th. Four research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and eight have given a Hold rating to the company's stock. According to data from MarketBeat.com, GE Vernova currently has an average rating of "Moderate Buy" and a consensus price target of $598.50.

Insider Activity at GE Vernova

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

GE Vernova Stock Down 4.4%

NYSE:GEV opened at $606.30 on Monday. The company has a market capitalization of $165.05 billion, a PE ratio of 146.10, a P/E/G ratio of 4.38 and a beta of 1.72. GE Vernova Inc. has a 52-week low of $252.25 and a 52-week high of $677.29. The stock's 50 day moving average price is $619.64 and its 200 day moving average price is $511.24.

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

GE Vernova Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 17th. Shareholders of record on Monday, October 20th will be paid a $0.25 dividend. The ex-dividend date 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 currently 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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