Caliber Wealth Management LLC KS Buys New Shares in GE Vernova Inc. $GEV

Key Points

• Caliber Wealth Management LLC KS has acquired a new position in GE Vernova Inc., purchasing 3,325 shares valued at approximately $1,759,000 during the second quarter.
• Insider trading activity shows that CFO Kenneth Scott Parks sold 3,300 shares, reducing his ownership by 30.30% after the sale, while maintaining a total of 7,590 shares valued at about $4.7 million.
• GE Vernova plans to pay a quarterly dividend of $0.25 per share, reflecting an annualized yield of 0.2%, with the record date set for October 20th.

Caliber Wealth Management LLC KS purchased a new position in GE Vernova Inc. (NYSE:GEV - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 3,325 shares of the company's stock, valued at approximately $1,759,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of GEV. IMA Advisory Services Inc. purchased a new stake in GE Vernova during the 1st quarter valued at about $27,000. Mowery & Schoenfeld Wealth Management LLC increased its stake in GE Vernova by 115.2% in the 1st quarter. Mowery & Schoenfeld Wealth Management LLC now owns 99 shares of the company's stock worth $30,000 after purchasing an additional 53 shares during the period. 1248 Management LLC bought a new stake in GE Vernova in the first quarter valued at approximately $31,000. Saudi Central Bank purchased a new stake in shares of GE Vernova during the first quarter valued at approximately $33,000. Finally, Ransom Advisory Ltd bought a new position in shares of GE Vernova in the first quarter worth approximately $33,000.

Insiders Place Their Bets

In related 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 completion of the transaction, the chief financial officer directly owned 7,590 shares of the company's stock, valued at approximately $4,705,800. This trade represents a 30.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.15% of the company's stock.

GE Vernova Stock Performance

Shares of GEV stock opened at $585.12 on Wednesday. The stock has a fifty day simple moving average of $613.83 and a two-hundred day simple moving average of $524.82. The firm has a market capitalization of $159.28 billion, a PE ratio of 140.99, a PEG ratio of 4.30 and a beta of 1.72. GE Vernova Inc. has a 52-week low of $252.25 and a 52-week high of $677.29.

GE Vernova (NYSE:GEV - Get Free Report) last announced its quarterly earnings data on Wednesday, October 22nd. The company reported $1.64 EPS for the quarter, missing the consensus estimate of $1.72 by ($0.08). GE Vernova had a net margin of 3.16% and a return on equity of 13.23%. The business had revenue of $9.97 billion during the quarter, compared to analysts' expectations of $9.15 billion. During the same quarter in the previous year, the firm earned ($0.35) earnings per share. GE Vernova's revenue was up 11.8% on a year-over-year basis. GE Vernova has set its FY 2025 guidance at EPS. On average, sell-side analysts forecast that GE Vernova Inc. will post 6.59 EPS for the current fiscal year.

GE Vernova Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, November 17th. Investors of record on Monday, October 20th will be given a dividend of $0.25 per share. The ex-dividend date is Monday, October 20th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.2%. GE Vernova's dividend payout ratio is currently 24.10%.

Analysts Set New Price Targets

A number of research firms recently commented on GEV. Rothschild & Co Redburn reiterated a "sell" rating and set a $475.00 price target on shares of GE Vernova in a report on Wednesday, October 15th. JPMorgan Chase & Co. upped their price objective on shares of GE Vernova from $620.00 to $715.00 and gave the company an "overweight" rating in a research note on Thursday, July 24th. Glj Research increased their target price on shares of GE Vernova from $702.00 to $758.00 and gave the stock a "buy" rating in a report on Wednesday, October 15th. Wells Fargo & Company boosted their price target on GE Vernova from $474.00 to $697.00 and gave the company an "overweight" rating in a report on Thursday, July 24th. Finally, Barclays upped their price target on GE Vernova from $580.00 to $706.00 and gave the company an "overweight" rating in a research report on Thursday, July 24th. Four investment analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $601.44.

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.

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