Beacon Financial Advisory LLC Makes New Investment in GE Vernova Inc. $GEV

Key Points

• Beacon Financial Advisory LLC acquired a new stake in GE Vernova Inc. during the 2nd quarter, purchasing 619 shares valued at approximately $328,000.
• GE Vernova reported a quarterly earnings per share (EPS) of $1.86, exceeding analysts' expectations, with a revenue of $9.11 billion for the period.
• The company announced a quarterly dividend of $0.25 per share, to be paid on November 17th, indicating a dividend yield of 0.2% and a payout ratio of 24.10%.

Beacon Financial Advisory LLC purchased a new stake in GE Vernova Inc. (NYSE:GEV - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 619 shares of the company's stock, valued at approximately $328,000.

Other institutional investors have also made changes to their positions in the company. Highline Wealth Partners LLC grew its holdings in 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 buying an additional 18 shares during the last quarter. Atlas Brown Inc. grew its stake in shares of GE Vernova by 0.8% in the second quarter. Atlas Brown Inc. now owns 2,496 shares of the company's stock worth $1,321,000 after acquiring an additional 19 shares during the last quarter. Physician Wealth Advisors Inc. grew its stake in shares of GE Vernova by 9.0% in the second quarter. Physician Wealth Advisors Inc. now owns 241 shares of the company's stock worth $128,000 after acquiring an additional 20 shares during the last quarter. West Branch Capital LLC increased its position in GE Vernova by 25.6% during the second quarter. West Branch Capital LLC now owns 98 shares of the company's stock worth $52,000 after acquiring an additional 20 shares during the period. Finally, Grove Bank & Trust raised its stake in GE Vernova by 16.0% during the 2nd quarter. Grove Bank & Trust now owns 167 shares of the company's stock valued at $88,000 after purchasing an additional 23 shares during the last quarter.

GE Vernova Price Performance

Shares of NYSE:GEV opened at $595.07 on Monday. The business's fifty day moving average price is $623.21 and its two-hundred day moving average price is $501.17. GE Vernova Inc. has a fifty-two week low of $252.25 and a fifty-two week high of $677.29. The stock has a market capitalization of $161.99 billion, a price-to-earnings ratio of 143.39, a price-to-earnings-growth ratio of 4.33 and a beta of 1.72.

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

GE Vernova Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 17th. Stockholders of record on Monday, October 20th will be issued 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 dividend payout ratio (DPR) is presently 24.10%.

Insider Activity

In other news, CFO Kenneth Scott Parks sold 3,300 shares of the business's stock in a transaction that occurred on Tuesday, August 26th. The stock was 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 of the company's stock, valued at $4,705,800. The trade was a 30.30% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.15% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on GEV shares. Wall Street Zen lowered shares of GE Vernova from a "buy" rating to a "hold" rating in a research report on Saturday, July 26th. Jefferies Financial Group lifted their target price on GE Vernova from $658.00 to $668.00 and gave the stock a "hold" rating in a research report on Friday, September 12th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of GE Vernova in a report on Saturday, September 27th. JPMorgan Chase & Co. lifted their price objective on GE Vernova from $620.00 to $715.00 and gave the stock an "overweight" rating in a report on Thursday, July 24th. Finally, Melius upgraded GE Vernova from a "hold" rating to a "buy" rating and set a $740.00 price objective on the stock in a research report on Monday, September 15th. Four equities 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 stock. According to data from MarketBeat.com, GE Vernova currently has an average rating of "Moderate Buy" and an average target price of $598.50.

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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