Guardian Financial Partners LLC Invests $605,000 in GE Vernova Inc. $GEV

Key Points

• Guardian Financial Partners LLC acquired 1,144 shares of GE Vernova Inc. in a deal valued at approximately $605,000 during the second quarter of the year.
• Multiple hedge funds increased their stakes in GE Vernova, with significant acquisitions reported by firms such as Caitong International Asset Management ($912,000) and Pines Wealth Management ($408,000).
• Analysts have mixed but generally positive views on GE Vernova, with target price upgrades from Bank of America and Wells Fargo, indicating a consensus rating of "Moderate Buy".

Guardian Financial Partners LLC purchased a new position in shares of GE Vernova Inc. (NYSE:GEV - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 1,144 shares of the company's stock, valued at approximately $605,000.

Other hedge funds also recently modified their holdings of the company. Caitong International Asset Management Co. Ltd acquired a new stake in shares of GE Vernova during the first quarter worth about $912,000. Pines Wealth Management LLC acquired a new stake in shares of GE Vernova during the second quarter worth about $408,000. Resona Asset Management Co. Ltd. raised its position in GE Vernova by 8.2% in the 1st quarter. Resona Asset Management Co. Ltd. now owns 86,021 shares of the company's stock valued at $26,229,000 after buying an additional 6,551 shares during the last quarter. Dupree Financial Group LLC acquired a new stake in GE Vernova in the 2nd quarter valued at approximately $253,000. Finally, Lockheed Martin Investment Management Co. acquired a new stake in GE Vernova in the 1st quarter valued at approximately $458,000.

Insider Buying and Selling

In related news, CFO Kenneth Scott Parks sold 3,300 shares of the firm's 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 completion of the sale, the chief financial officer owned 7,590 shares of the company's stock, valued at $4,705,800. This trade represents a 30.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.15% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Bank of America lifted 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. Wells Fargo & Company lifted their target price on GE Vernova from $697.00 to $717.00 and gave the stock an "overweight" rating in a research note on Friday. Mizuho reduced their price target on GE Vernova from $677.00 to $660.00 and set a "neutral" rating for the company in a research note on Friday. Melius upgraded GE Vernova from a "hold" rating to a "buy" rating and set a $740.00 price target for the company in a research note on Monday, September 15th. Finally, Melius Research set a $740.00 target price on GE Vernova and gave the company a "buy" rating in a research report on Monday, September 15th. Four investment 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 stock. Based on data from MarketBeat.com, GE Vernova has a consensus rating of "Moderate Buy" and a consensus price target of $607.59.

GE Vernova Trading Down 1.8%

NYSE GEV opened at $584.68 on Friday. The business's 50-day moving average price is $611.31 and its two-hundred day moving average price is $529.36. GE Vernova Inc. has a 12 month low of $252.25 and a 12 month high of $677.29. The firm has a market capitalization of $158.64 billion, a PE ratio of 95.23, a price-to-earnings-growth ratio of 4.30 and a beta of 1.72.

GE Vernova (NYSE:GEV - Get Free Report) last released its quarterly earnings results 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 company had revenue of $9.97 billion during the quarter, compared to the consensus estimate of $9.15 billion. During the same quarter last year, the firm posted ($0.35) EPS. The company's quarterly revenue was up 11.8% on a year-over-year basis. GE Vernova has set its FY 2025 guidance at EPS. As a group, analysts forecast that GE Vernova Inc. will post 6.59 earnings per share for the current fiscal year.

GE Vernova Announces Dividend

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