GE Vernova Inc. $GEV Shares Purchased by 180 Wealth Advisors LLC

Key Points

• 180 Wealth Advisors LLC increased its holdings in GE Vernova Inc. by 71.8% during Q2, now owning 3,023 shares worth approximately $1.6 million.
• GE Vernova reported a $1.64 EPS for the recent quarter, falling short of the consensus estimate of $1.72, but its revenue increased by 11.8% year-over-year to $9.97 billion.
• The company announced a quarterly dividend of $0.25 per share, with a dividend yield of 0.2% and a payout ratio of 24.10%.

180 Wealth Advisors LLC boosted its position in shares of GE Vernova Inc. (NYSE:GEV - Free Report) by 71.8% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,023 shares of the company's stock after buying an additional 1,263 shares during the quarter. 180 Wealth Advisors LLC's holdings in GE Vernova were worth $1,600,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in GEV. Sachetta LLC grew its position in shares of GE Vernova by 10.7% during the 2nd quarter. Sachetta LLC now owns 165 shares of the company's stock valued at $87,000 after acquiring an additional 16 shares during the period. Highline Wealth Partners LLC grew its holdings in 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 purchasing an additional 18 shares during the period. Atlas Brown Inc. increased its position 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 in the last quarter. Princeton Global Asset Management LLC raised its stake in shares of GE Vernova by 14.4% during the 2nd quarter. Princeton Global Asset Management LLC now owns 151 shares of the company's stock worth $80,000 after buying an additional 19 shares during the period. Finally, Physician Wealth Advisors Inc. lifted its position in shares of GE Vernova by 9.0% during the 2nd quarter. Physician Wealth Advisors Inc. now owns 241 shares of the company's stock valued at $128,000 after buying an additional 20 shares in the last quarter.

GE Vernova Price Performance

NYSE:GEV opened at $594.45 on Friday. The company's 50-day moving average is $612.04 and its two-hundred day moving average is $527.31. The firm has a market capitalization of $161.82 billion, a price-to-earnings ratio of 96.82, a PEG ratio of 4.17 and a beta of 1.72. GE Vernova Inc. has a 1-year low of $252.25 and a 1-year high of $677.29.

GE Vernova (NYSE:GEV - Get Free Report) last released its quarterly earnings data on Wednesday, October 22nd. The company reported $1.64 EPS for the quarter, missing analysts' consensus estimates of $1.72 by ($0.08). GE Vernova had a net margin of 4.52% and a return on equity of 17.07%. The business had revenue of $9.97 billion during the quarter, compared to analyst estimates of $9.15 billion. During the same quarter in the prior year, the company posted ($0.35) earnings per share. The company's revenue was up 11.8% on a year-over-year basis. GE Vernova has set its FY 2025 guidance at EPS. As a group, equities analysts anticipate that GE Vernova Inc. will post 6.59 earnings per share for the current fiscal year.

GE Vernova Announces Dividend

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 issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.2%. The ex-dividend date is Monday, October 20th. GE Vernova's dividend payout ratio (DPR) is 24.10%.

Insider Transactions at GE Vernova

In other news, CFO Kenneth Scott Parks sold 3,300 shares of GE Vernova 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 sale, the chief financial officer directly owned 7,590 shares of the company's stock, valued at approximately $4,705,800. The trade was a 30.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.15% of the stock is currently owned by insiders.

Analyst Ratings Changes

GEV has been the subject of a number of research analyst reports. Redburn Partners set a $475.00 price objective on shares of GE Vernova in a research report on Wednesday, October 15th. Rothschild Redb cut GE Vernova from a "hold" rating to a "strong sell" rating in a report on Wednesday, October 15th. Susquehanna raised their price objective on GE Vernova from $740.00 to $750.00 and gave the company a "positive" rating in a report on Thursday. Mizuho increased their target price on shares of GE Vernova from $670.00 to $677.00 and gave the company a "neutral" rating in a research report on Wednesday, October 15th. Finally, Cowen reissued a "buy" rating on shares of GE Vernova in a research note on Thursday. Four research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $607.48.

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.

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