GE Vernova Inc. $GEV Shares Purchased by Mutual Advisors LLC

Mutual Advisors LLC increased its stake in shares of GE Vernova Inc. (NYSE:GEV - Free Report) by 16.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,196 shares of the company's stock after acquiring an additional 461 shares during the period. Mutual Advisors LLC's holdings in GE Vernova were worth $1,691,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. EQ Wealth Advisors LLC acquired a new stake in GE Vernova in the first quarter valued at approximately $27,000. IMA Advisory Services Inc. acquired a new stake in GE Vernova in the first quarter valued at approximately $27,000. Mowery & Schoenfeld Wealth Management LLC grew its holdings in GE Vernova by 115.2% in the first quarter. Mowery & Schoenfeld Wealth Management LLC now owns 99 shares of the company's stock valued at $30,000 after purchasing an additional 53 shares during the period. 1248 Management LLC acquired a new stake in GE Vernova in the first quarter valued at approximately $31,000. Finally, Saudi Central Bank acquired a new stake in GE Vernova in the first quarter valued at approximately $33,000.

Insider Buying and Selling

In related news, CFO Kenneth Scott Parks sold 3,300 shares of GE Vernova stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $620.00, for a total transaction of $2,046,000.00. Following the transaction, the chief financial officer owned 7,590 shares in the company, valued at approximately $4,705,800. This trade represents 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 link. Insiders own 0.15% of the company's stock.

Analysts Set New Price Targets

Several brokerages have commented on GEV. Morgan Stanley raised their price objective on GE Vernova from $675.00 to $690.00 and gave the company an "overweight" rating in a report on Thursday. Citigroup raised their price objective on GE Vernova from $544.00 to $670.00 and gave the company a "neutral" rating in a report on Thursday, July 24th. Mizuho raised their target price on GE Vernova from $670.00 to $677.00 and gave the company a "neutral" rating in a research report on Wednesday. Bank of America raised their target price on GE Vernova from $550.00 to $620.00 and gave the company a "buy" rating in a research report on Thursday, July 17th. Finally, JPMorgan Chase & Co. raised their target price on GE Vernova from $620.00 to $715.00 and gave the company an "overweight" rating in a research report on Thursday, July 24th. Four research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $592.61.

GE Vernova Stock Performance

Shares of GE Vernova stock opened at $601.91 on Friday. GE Vernova Inc. has a one year low of $252.25 and a one year high of $677.29. The company has a market cap of $163.85 billion, a price-to-earnings ratio of 145.04, a PEG ratio of 4.46 and a beta of 1.72. The business's 50 day moving average price is $617.40 and its 200 day moving average price is $517.31.

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

GE Vernova Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 17th. Investors of record on Monday, October 20th will be given a dividend of $0.25 per share. 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 dividend payout ratio (DPR) is presently 24.10%.

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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