Alpha Financial Partners LLC Takes $230,000 Position in GE Vernova Inc. $GEV

Key Points

• Alpha Financial Partners LLC has acquired a new stake in GE Vernova Inc. valued at approximately $230,000, purchasing 435 shares of the company during the second quarter.
• Several institutional investors have recently increased their holdings in GE Vernova, with Brighton Jones LLC raising its stake by 29.4%.
• Wall Street analysts show a mixed outlook on GE Vernova, with ratings ranging from a "strong buy" to a "hold", and a current average price target of $598.50.

Alpha Financial Partners LLC acquired a new stake in GE Vernova Inc. (NYSE:GEV - Free Report) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 435 shares of the company's stock, valued at approximately $230,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in GEV. Brighton Jones LLC raised its holdings in shares of GE Vernova by 29.4% in the fourth quarter. Brighton Jones LLC now owns 3,315 shares of the company's stock valued at $1,091,000 after purchasing an additional 753 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of GE Vernova by 8.4% in the first quarter. GAMMA Investing LLC now owns 7,015 shares of the company's stock valued at $2,142,000 after purchasing an additional 542 shares during the last quarter. Integrated Advisors Network LLC raised its holdings in shares of GE Vernova by 10.4% in the first quarter. Integrated Advisors Network LLC now owns 1,531 shares of the company's stock valued at $467,000 after purchasing an additional 144 shares during the last quarter. Simon Quick Advisors LLC raised its holdings in shares of GE Vernova by 15.1% in the first quarter. Simon Quick Advisors LLC now owns 2,089 shares of the company's stock valued at $638,000 after purchasing an additional 274 shares during the last quarter. Finally, NorthCrest Asset Manangement LLC raised its holdings in shares of GE Vernova by 35.4% in the first quarter. NorthCrest Asset Manangement LLC now owns 976 shares of the company's stock valued at $298,000 after purchasing an additional 255 shares during the last quarter.

Wall Street Analysts Forecast Growth

GEV has been the topic of a number of recent research reports. Mizuho downgraded shares of GE Vernova from an "outperform" rating to a "neutral" rating and set a $670.00 price objective on the stock. in a report on Monday, July 28th. Morgan Stanley boosted their target price 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. Glj Research began coverage on shares of GE Vernova in a report on Monday, June 23rd. They set a "buy" rating on the stock. Wall Street Zen downgraded shares of GE Vernova from a "buy" rating to a "hold" rating in a report on Saturday, July 26th. Finally, Barclays boosted their target price on shares of GE Vernova from $580.00 to $706.00 and gave the stock an "overweight" rating in a report on Thursday, July 24th. Four investment analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, GE Vernova currently has a consensus rating of "Moderate Buy" and an average price target of $598.50.

Insider Buying and Selling

In other GE Vernova news, CFO Kenneth Scott Parks sold 3,300 shares of GE Vernova 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 completion of the transaction, the chief financial officer directly owned 7,590 shares of the company's stock, valued at $4,705,800. The trade was 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 this hyperlink. 0.15% of the stock is currently owned by company insiders.

GE Vernova Price Performance

GEV stock opened at $606.30 on Friday. The company has a fifty day moving average price of $619.64 and a two-hundred day moving average price of $509.80. GE Vernova Inc. has a one year low of $252.25 and a one year high of $677.29. The stock has a market cap of $165.05 billion, a price-to-earnings ratio of 146.10, a price-to-earnings-growth ratio of 4.40 and a beta of 1.72.

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

GE Vernova Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 17th. Shareholders of record on Monday, October 20th will be given 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 of this dividend is Monday, October 20th. GE Vernova's payout ratio is 24.10%.

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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