666 Shares in GE Vernova Inc. $GEV Purchased by Wendell David Associates Inc.

Key Points

• Wendell David Associates Inc. acquired 666 shares of GE Vernova Inc. during the 2nd quarter, valued at approximately $352,000.
• GE Vernova reported $1.86 earnings per share (EPS) for the last quarter, exceeding analysts' expectations of $1.63 and demonstrating an 11.1% year-over-year revenue increase.
• The company announced a quarterly dividend of $0.25 per share, with an annualized rate of $1.00 and a yield of 0.2%, to be distributed on November 17th.

Wendell David Associates Inc. acquired a new position in shares of GE Vernova Inc. (NYSE:GEV - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 666 shares of the company's stock, valued at approximately $352,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Burford Brothers Inc. raised its stake in GE Vernova by 2.5% during the second quarter. Burford Brothers Inc. now owns 3,898 shares of the company's stock worth $2,063,000 after acquiring an additional 95 shares during the period. International Assets Investment Management LLC raised its stake in GE Vernova by 18.8% during the second quarter. International Assets Investment Management LLC now owns 3,903 shares of the company's stock worth $2,065,000 after acquiring an additional 619 shares during the period. Wealthstream Advisors Inc. raised its stake in GE Vernova by 5.8% during the second quarter. Wealthstream Advisors Inc. now owns 1,572 shares of the company's stock worth $832,000 after acquiring an additional 86 shares during the period. Gladwyn Financial Advisors Inc. acquired a new stake in GE Vernova during the second quarter worth about $217,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in GE Vernova during the second quarter worth about $3,598,000.

GE Vernova Price Performance

GE Vernova stock opened at $599.62 on Friday. The firm has a 50 day simple moving average of $616.42 and a 200-day simple moving average of $520.58. The stock has a market capitalization of $163.23 billion, a PE ratio of 144.49, a price-to-earnings-growth ratio of 4.35 and a beta of 1.72. GE Vernova Inc. has a 12-month low of $252.25 and a 12-month high of $677.29.

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 (EPS) 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 analysts' expectations of $8.78 billion. GE Vernova had a net margin of 3.16% and a return on equity of 13.23%. The business's revenue was up 11.1% on a year-over-year basis. During the same period last year, the firm posted $4.65 earnings per share. GE Vernova has set its FY 2025 guidance at EPS. On average, analysts forecast that GE Vernova Inc. will post 6.59 earnings per share for the current fiscal year.

GE Vernova Dividend Announcement

The firm also recently announced 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 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date is Monday, October 20th. GE Vernova's dividend payout ratio (DPR) is presently 24.10%.

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 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 in the company, valued at approximately $4,705,800. This trade represents a 30.30% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.15% of the company's stock.

Analysts Set New Price Targets

GEV has been the topic of several research reports. HSBC increased their price objective on shares of GE Vernova from $570.00 to $580.00 and gave the stock a "hold" rating in a research note on Friday, September 5th. Mizuho raised their price target on shares of GE Vernova from $670.00 to $677.00 and gave the company a "neutral" rating in a research note on Wednesday. Susquehanna raised their price target on shares of GE Vernova from $736.00 to $740.00 and gave the company a "positive" rating in a research note on Monday, October 13th. Rothschild Redb lowered shares of GE Vernova from a "hold" rating to a "strong sell" rating in a research note on Wednesday. Finally, Melius upgraded shares of GE Vernova from a "hold" rating to a "buy" rating and set a $740.00 price target on the stock in a research note on Monday, September 15th. Four equities research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $592.61.

GE Vernova 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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