Aaron Wealth Advisors LLC Acquires 621 Shares of GE Vernova Inc. $GEV

Key Points

• Aaron Wealth Advisors LLC increased its holdings in GE Vernova Inc. by 36.9% in Q2, acquiring an additional 621 shares for a total of 2,302 shares worth approximately $1.22 million.
• Insider Selling: CFO Kenneth Scott Parks sold 3,300 shares for over $2 million, representing a 30.3% decrease in his ownership of the stock.
• GE Vernova reported Q2 earnings of $1.86 per share, exceeding estimates and reflecting an 11.1% year-over-year revenue growth to $9.11 billion.

Aaron Wealth Advisors LLC lifted its holdings in GE Vernova Inc. (NYSE:GEV - Free Report) by 36.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,302 shares of the company's stock after purchasing an additional 621 shares during the quarter. Aaron Wealth Advisors LLC's holdings in GE Vernova were worth $1,218,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Bank of New Hampshire lifted its position in shares of GE Vernova by 53.3% in the second quarter. Bank of New Hampshire now owns 1,021 shares of the company's stock worth $540,000 after purchasing an additional 355 shares in the last quarter. Market Street Wealth Management Advisors LLC bought a new stake in shares of GE Vernova in the second quarter worth $270,000. Central Bank & Trust Co. bought a new stake in shares of GE Vernova in the second quarter worth $220,000. Renaissance Investment Group LLC lifted its position in shares of GE Vernova by 938.9% in the second quarter. Renaissance Investment Group LLC now owns 18,607 shares of the company's stock worth $9,846,000 after purchasing an additional 16,816 shares in the last quarter. Finally, Silverberg Bernstein Capital Management LLC lifted its position in shares of GE Vernova by 7.0% in the second quarter. Silverberg Bernstein Capital Management LLC now owns 1,060 shares of the company's stock worth $561,000 after purchasing an additional 69 shares in the last quarter.

Insiders Place Their Bets

In related 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 transaction of $2,046,000.00. Following the completion of the sale, the chief financial officer owned 7,590 shares of the company's stock, valued at $4,705,800. This represents a 30.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.15% of the stock is owned by corporate insiders.

GE Vernova Stock Performance

GEV stock opened at $618.28 on Wednesday. The company's 50-day simple moving average is $612.36 and its 200 day simple moving average is $472.16. GE Vernova Inc. has a 52 week low of $233.51 and a 52 week high of $677.29. The company has a market capitalization of $168.31 billion, a PE ratio of 148.98, a price-to-earnings-growth ratio of 4.35 and a beta of 1.87.

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, topping the consensus estimate of $1.63 by $0.23. GE Vernova had a net margin of 3.16% and a return on equity of 13.23%. The business had revenue of $9.11 billion during the quarter, compared to analysts' expectations of $8.78 billion. During the same quarter in the prior year, the business posted $4.65 earnings per share. GE Vernova's revenue was up 11.1% compared to the same quarter last year. GE Vernova has set its FY 2025 guidance at EPS. On average, 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 was paid on Monday, August 18th. Investors of record on Monday, July 21st were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, July 21st. This represents a $1.00 annualized dividend and a yield of 0.2%. GE Vernova's dividend payout ratio is currently 24.10%.

Wall Street Analyst Weigh In

GEV has been the topic of a number of research reports. Jefferies Financial Group boosted their price objective on shares of GE Vernova from $658.00 to $668.00 and gave the stock a "hold" rating in a research report on Friday, September 12th. Seaport Res Ptn raised shares of GE Vernova to a "strong-buy" rating in a research report on Thursday, July 10th. The Goldman Sachs Group upped their target price on shares of GE Vernova from $500.00 to $570.00 and gave the company a "buy" rating in a report on Tuesday, June 10th. Robert W. Baird raised their target price on shares of GE Vernova from $568.00 to $706.00 and gave the company an "outperform" rating in a research note on Thursday, July 24th. Finally, Melius raised GE Vernova from a "hold" rating to a "buy" rating and set a $740.00 price target on the stock in a research report on Monday. Four investment analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat, GE Vernova currently has a consensus rating of "Moderate Buy" and an average target price of $592.35.

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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