Fee Only Financial Planning L.C. Acquires Shares of 454 GE Vernova Inc. $GEV

Key Points

• Fee Only Financial Planning L.C. acquired 454 shares of GE Vernova Inc. valued at approximately $240,000 during the 2nd quarter, marking a new investment in the company.
• Analysts have mixed ratings for GE Vernova, with four analysts giving it a Strong Buy rating and an average price target of $592.35, reflecting diverse sentiment towards its growth potential.
• The company announced a quarterly dividend of $0.25 per share, which will be paid on November 17th, indicating its commitment to returning value to shareholders.

Fee Only Financial Planning L.C. acquired a new stake in GE Vernova Inc. (NYSE:GEV - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 454 shares of the company's stock, valued at approximately $240,000.

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

Analyst Ratings Changes

Several analysts recently issued reports on GEV shares. Glj Research started coverage on GE Vernova in a research note on Monday, June 23rd. They issued a "buy" rating for the company. HSBC lifted their target price on GE Vernova from $570.00 to $580.00 and gave the stock a "hold" rating in a report on Friday, September 5th. Wolfe Research cut shares of GE Vernova from an "outperform" rating to a "peer perform" rating in a research report on Friday, June 13th. Guggenheim downgraded shares of GE Vernova from a "buy" rating to a "neutral" rating in a research note on Monday, July 28th. Finally, Melius Research set a $740.00 price objective on shares of GE Vernova and gave the stock a "buy" rating in a research note on Monday, September 15th. Four analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $592.35.

Insider Activity

In other news, CFO Kenneth Scott Parks sold 3,300 shares of the stock in a transaction 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 completion of the transaction, the chief financial officer directly owned 7,590 shares in the company, valued at approximately $4,705,800. This represents a 30.30% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.15% of the company's stock.

GE Vernova Trading Down 0.4%

Shares of NYSE GEV opened at $605.21 on Monday. The company has a market cap of $164.75 billion, a price-to-earnings ratio of 145.83, a PEG ratio of 4.41 and a beta of 1.88. GE Vernova Inc. has a 12 month low of $248.50 and a 12 month high of $677.29. The stock has a 50-day moving average price of $622.99 and a two-hundred day moving average price of $491.47.

GE Vernova (NYSE:GEV - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The company reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.63 by $0.23. The company had revenue of $9.11 billion for the quarter, compared to analyst estimates 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 was up 11.1% on a year-over-year basis. During the same period in the previous year, the firm posted $4.65 EPS. GE Vernova has set its FY 2025 guidance at EPS. On average, sell-side analysts predict that GE Vernova Inc. will post 6.59 earnings per share for the current year.

GE Vernova Dividend Announcement

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