GE Vernova Inc. $GEV Shares Acquired by Sequoia Financial Advisors LLC

Key Points

• Sequoia Financial Advisors LLC increased its holdings in GE Vernova Inc. by 6.4%, owning 24,846 shares worth approximately $13.15 million as of the latest SEC filing.
• GE Vernova reported $1.86 earnings per share for the latest quarter, surpassing analysts' estimates and achieving an 11.1% revenue growth compared to the previous year.
• The company declared a quarterly dividend of $0.25 per share, with the dividend date set for November 17th, indicating a payout ratio of 24.10%.

Sequoia Financial Advisors LLC grew its holdings in GE Vernova Inc. (NYSE:GEV - Free Report) by 6.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,846 shares of the company's stock after acquiring an additional 1,498 shares during the period. Sequoia Financial Advisors LLC's holdings in GE Vernova were worth $13,147,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Highline Wealth Partners LLC grew its stake 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 worth $37,000 after acquiring an additional 18 shares in the last quarter. Raleigh Capital Management Inc. purchased a new stake in shares of GE Vernova during the 2nd quarter worth $37,000. IMA Advisory Services Inc. purchased a new stake in shares of GE Vernova during the 1st quarter worth $27,000. EQ Wealth Advisors LLC purchased a new stake in shares of GE Vernova during the 1st quarter worth $27,000. Finally, West Branch Capital LLC lifted its position in shares of GE Vernova by 25.6% during the 2nd quarter. West Branch Capital LLC now owns 98 shares of the company's stock worth $52,000 after purchasing an additional 20 shares during the last quarter.

GE Vernova Price Performance

Shares of GEV opened at $647.23 on Tuesday. GE Vernova Inc. has a 1-year low of $252.25 and a 1-year high of $677.29. The stock has a market cap of $176.19 billion, a PE ratio of 155.96, a price-to-earnings-growth ratio of 4.38 and a beta of 1.72. The firm has a fifty day moving average price of $619.32 and a 200 day moving average price of $513.65.

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 for the quarter, beating analysts' consensus estimates of $1.63 by $0.23. GE Vernova had a net margin of 3.16% and a return on equity of 13.23%. The firm had revenue of $9.11 billion during the quarter, compared to analysts' expectations of $8.78 billion. During the same period in the previous year, the company earned $4.65 earnings per share. GE Vernova's quarterly revenue was up 11.1% compared to the same quarter last year. GE Vernova has set its FY 2025 guidance at EPS. As a group, equities analysts expect that GE Vernova Inc. will post 6.59 EPS for the current fiscal year.

GE Vernova Dividend Announcement

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

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Citigroup lifted their price objective on shares of GE Vernova from $544.00 to $670.00 and gave the stock a "neutral" rating in a research report on Thursday, July 24th. TD Cowen lifted their price objective on shares of GE Vernova from $390.00 to $685.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. Jefferies Financial Group lifted their price objective on shares of GE Vernova from $658.00 to $668.00 and gave the stock a "hold" rating in a research report on Friday, September 12th. Melius Research set a $740.00 price objective on shares of GE Vernova and gave the stock a "buy" rating in a research report on Monday, September 15th. Finally, Melius raised shares of GE Vernova from a "hold" rating to a "buy" rating and set a $740.00 price target for the company in a research report on Monday, September 15th. Four research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $598.65.

Insider Buying and Selling

In other GE Vernova news, CFO Kenneth Scott Parks sold 3,300 shares of GE Vernova stock in a transaction 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 in the company, valued at approximately $4,705,800. The trade was a 30.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.15% of the company's stock.

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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