Fourpath Capital Management LLC Takes Position in GE Vernova Inc. $GEV

Key Points

• Fourpath Capital Management LLC acquired a new stake in GE Vernova Inc. by purchasing 571 shares for approximately $302,000 in the second quarter.
• Analysts have mixed reviews on GE Vernova, with four analysts rating it as a Strong Buy, while 19 give it a Buy rating; the average price target stands at $598.50.
• The company declared a quarterly dividend of $0.25, set to be paid on November 17th, representing an annualized dividend yield of 0.2%.

Fourpath Capital Management LLC bought a new stake in GE Vernova Inc. (NYSE:GEV - Free Report) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 571 shares of the company's stock, valued at approximately $302,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Sachetta LLC raised its holdings in shares of GE Vernova by 10.7% in the second quarter. Sachetta LLC now owns 165 shares of the company's stock valued at $87,000 after buying an additional 16 shares during the last quarter. Highline Wealth Partners LLC raised its holdings in shares of GE Vernova by 34.6% in the second 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. raised its holdings 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 valued at $1,321,000 after buying an additional 19 shares during the last quarter. Physician Wealth Advisors Inc. raised its holdings 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 valued at $128,000 after buying an additional 20 shares during the last quarter. Finally, West Branch Capital LLC increased its stake in shares of 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.

Wall Street Analyst Weigh In

GEV has been the topic of a number of recent analyst reports. Weiss Ratings reiterated a "hold (c)" rating on shares of GE Vernova in a research note on Wednesday. Glj Research initiated coverage on shares of GE Vernova in a research note on Monday, June 23rd. They set a "buy" rating on the stock. Melius Research set a $740.00 price target on shares of GE Vernova and gave the stock a "buy" rating in a research note on Monday, September 15th. TD Cowen boosted their price target on shares of GE Vernova from $390.00 to $685.00 and gave the stock a "buy" rating in a research note on Friday, July 25th. Finally, Robert W. Baird boosted their price target on shares of GE Vernova from $568.00 to $706.00 and gave the stock an "outperform" rating in a research note on Thursday, July 24th. 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 MarketBeat.com, the stock has an average 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 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 sale, the chief financial officer directly owned 7,590 shares in the company, valued at $4,705,800. This represents a 30.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.15% of the stock is owned by corporate insiders.

GE Vernova Trading Down 4.4%

Shares of GEV opened at $606.30 on Friday. The firm's 50-day moving average is $619.64 and its two-hundred day moving average is $508.47. GE Vernova Inc. has a twelve month low of $252.25 and a twelve month high of $677.29. The firm has a market capitalization of $165.05 billion, a P/E ratio of 146.10, a PEG ratio of 4.61 and a beta of 1.72.

GE Vernova (NYSE:GEV - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The company reported $1.86 earnings per share for the quarter, topping 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 company had revenue of $9.11 billion for the quarter, compared to analyst estimates of $8.78 billion. During the same period in the prior year, the business posted $4.65 earnings per share. The firm's revenue for the quarter was up 11.1% compared to the same quarter last year. GE Vernova has set its FY 2025 guidance at EPS. Analysts predict that GE Vernova Inc. will post 6.59 EPS for the current year.

GE Vernova Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 17th. Stockholders of record on Monday, October 20th will be given a $0.25 dividend. The ex-dividend date is Monday, October 20th. This represents a $1.00 annualized dividend and a dividend yield of 0.2%. GE Vernova's dividend payout ratio is currently 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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