Comprehensive Financial Consultants Institutional Inc. Invests $2.55 Million in GE Vernova Inc. $GEV

Key Points

• Comprehensive Financial Consultants Institutional Inc. invested approximately $2.55 million in GE Vernova Inc., purchasing 4,815 shares during the second quarter.
• GE Vernova recently reported earnings of $1.86 EPS for the quarter, exceeding estimates, and had a revenue of $9.11 billion, which was also above expectations.
• The company announced a quarterly dividend of $0.25 per share, with an anticipated payout on November 17th for stockholders on record as of October 20th.

Comprehensive Financial Consultants Institutional Inc. purchased a new position in shares of GE Vernova Inc. (NYSE:GEV - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 4,815 shares of the company's stock, valued at approximately $2,548,000.

Several other hedge funds and other institutional investors have also bought and sold shares of GEV. Brighton Jones LLC lifted its holdings in 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 buying an additional 753 shares during the period. Sivia Capital Partners LLC lifted its holdings in GE Vernova by 96.1% in the first quarter. Sivia Capital Partners LLC now owns 1,255 shares of the company's stock valued at $383,000 after buying an additional 615 shares during the period. Orrstown Financial Services Inc. lifted its holdings in GE Vernova by 36.3% in the first quarter. Orrstown Financial Services Inc. now owns 2,755 shares of the company's stock valued at $841,000 after buying an additional 734 shares during the period. Wedmont Private Capital lifted its holdings in GE Vernova by 3.0% in the first quarter. Wedmont Private Capital now owns 4,263 shares of the company's stock valued at $1,370,000 after buying an additional 126 shares during the period. Finally, UMB Bank n.a. lifted its holdings in GE Vernova by 9.7% in the first quarter. UMB Bank n.a. now owns 2,129 shares of the company's stock valued at $650,000 after buying an additional 189 shares during the period.

GE Vernova Price Performance

NYSE:GEV opened at $595.07 on Monday. The firm has a 50-day moving average of $623.21 and a 200-day moving average of $501.17. The company has a market cap of $161.99 billion, a PE ratio of 143.39, a PEG ratio of 4.33 and a beta of 1.72. GE Vernova Inc. has a one year low of $252.25 and a one year high of $677.29.

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

GE Vernova Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 17th. Stockholders of record on Monday, October 20th will be given 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 payout ratio is presently 24.10%.

Analyst Ratings Changes

Several equities analysts recently issued reports on GEV shares. BMO Capital Markets boosted their target price on shares of GE Vernova from $590.00 to $690.00 and gave the company an "outperform" rating in a report on Thursday, July 24th. HSBC boosted their target price on shares of GE Vernova from $570.00 to $580.00 and gave the company a "hold" rating in a report on Friday, September 5th. Barclays upped their price objective on shares of GE Vernova from $580.00 to $706.00 and gave the company an "overweight" rating in a report on Thursday, July 24th. Jefferies Financial Group upped their price objective on shares of GE Vernova from $658.00 to $668.00 and gave the company a "hold" rating in a report on Friday, September 12th. Finally, Citigroup upped their price objective on shares of GE Vernova from $544.00 to $670.00 and gave the company a "neutral" rating in a report on Thursday, July 24th. Four analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat.com, GE Vernova currently has a consensus rating of "Moderate Buy" and an average price target of $598.50.

Insider Activity at GE Vernova

In other news, CFO Kenneth Scott Parks sold 3,300 shares of the business'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 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 legal filing with the SEC, which is available at this link. 0.15% of the stock is currently owned by insiders.

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.

Want to see what other hedge funds are holding GEV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for GE Vernova Inc. (NYSE:GEV - Free Report).

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.