Bill Few Associates Inc. Makes New $270,000 Investment in GE Vernova Inc. $GEV

Key Points

• Bill Few Associates Inc. has made a new investment in GE Vernova Inc., purchasing 511 shares for approximately $270,000. This move reflects growing institutional interest in the company.
• Wall Street analysts have shown optimism, with BMO Capital Markets and others raising their price targets for GE Vernova, with some estimates reaching as high as $740.00.
• GE Vernova reported better-than-expected earnings, with an EPS of $1.86 for the last quarter, exceeding consensus estimates and highlighting a year-over-year revenue growth of 11.1%.

Bill Few Associates Inc. purchased a new position in shares of GE Vernova Inc. (NYSE:GEV - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 511 shares of the company's stock, valued at approximately $270,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in GEV. EQ Wealth Advisors LLC bought a new stake in GE Vernova during the first quarter worth $27,000. IMA Advisory Services Inc. bought a new position in shares of GE Vernova in the first quarter valued at about $27,000. Mowery & Schoenfeld Wealth Management LLC raised its position in shares of GE Vernova by 115.2% in the first quarter. Mowery & Schoenfeld Wealth Management LLC now owns 99 shares of the company's stock valued at $30,000 after purchasing an additional 53 shares during the period. 1248 Management LLC bought a new position in shares of GE Vernova in the first quarter valued at about $31,000. Finally, Saudi Central Bank bought a new position in shares of GE Vernova in the first quarter valued at about $33,000.

Wall Street Analysts Forecast Growth

GEV has been the topic of several research analyst reports. BMO Capital Markets increased their price objective on shares of GE Vernova from $590.00 to $690.00 and gave the company an "outperform" rating in a research report on Thursday, July 24th. Barclays increased their price objective on shares of GE Vernova from $580.00 to $706.00 and gave the company an "overweight" rating in a research report on Thursday, July 24th. Wells Fargo & Company increased their price objective on shares of GE Vernova from $474.00 to $697.00 and gave the company an "overweight" rating in a research report on Thursday, July 24th. Robert W. Baird increased their price objective on shares of GE Vernova from $568.00 to $706.00 and gave the company an "outperform" rating in a research report on Thursday, July 24th. Finally, Melius Research set a $740.00 price objective on shares of GE Vernova and gave the company a "buy" rating in a research report on Monday, September 15th. Four investment analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and eight have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $598.50.

GE Vernova Stock Performance

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

GE Vernova (NYSE:GEV - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The company reported $1.86 EPS for the quarter, beating 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 for the quarter, compared to the consensus estimate of $8.78 billion. During the same period in the prior year, the company 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 Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 17th. Investors of record on Monday, October 20th will be paid a $0.25 dividend. 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 dividend payout ratio (DPR) is 24.10%.

Insider Transactions at GE Vernova

In related news, CFO Kenneth Scott Parks sold 3,300 shares of GE Vernova stock in a transaction that occurred on 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 transaction, the chief financial officer directly owned 7,590 shares of the company's stock, valued at $4,705,800. This trade represents a 30.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.15% of the stock is owned by company insiders.

GE Vernova Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.