HFM Investment Advisors LLC Acquires Shares of 554 GE Vernova Inc. $GEV

Key Points

• HFM Investment Advisors LLC has acquired 554 shares of GE Vernova Inc., valued at approximately $169,000, making it the firm’s 23rd largest holding.
• Multiple institutional investors, including EQ Wealth Advisors LLC and Saudi Central Bank, have recently bought stakes in GE Vernova during the first quarter, indicating growing interest in the company.
• GE Vernova announced a quarterly dividend of $0.25 per share, representing a 0.2% yield, with a payout ratio of 24.10%.

HFM Investment Advisors LLC acquired a new stake in shares of GE Vernova Inc. (NYSE:GEV - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 554 shares of the company's stock, valued at approximately $169,000. GE Vernova makes up 0.0% of HFM Investment Advisors LLC's investment portfolio, making the stock its 23rd biggest holding.

Other institutional investors have also recently made changes to their positions in the company. EQ Wealth Advisors LLC purchased a new stake in shares of GE Vernova during the 1st quarter valued at about $27,000. IMA Advisory Services Inc. purchased a new stake in shares of GE Vernova during the 1st quarter valued at about $27,000. Orion Capital Management LLC purchased a new stake in shares of GE Vernova during the 4th quarter valued at about $30,000. Mowery & Schoenfeld Wealth Management LLC boosted its holdings in shares of GE Vernova by 115.2% during the 1st quarter. Mowery & Schoenfeld Wealth Management LLC now owns 99 shares of the company's stock valued at $30,000 after acquiring an additional 53 shares during the last quarter. Finally, Saudi Central Bank purchased a new stake in shares of GE Vernova during the 1st quarter valued at about $33,000.

Insider Buying and Selling

In other GE Vernova news, CFO Kenneth Scott Parks sold 3,300 shares of the firm's stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $620.00, for a total transaction of $2,046,000.00. Following the sale, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.15% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on GEV. Wells Fargo & Company raised their price target on shares of GE Vernova from $474.00 to $697.00 and gave the company an "overweight" rating in a report on Thursday, July 24th. Barclays raised their price target on shares of GE Vernova from $580.00 to $706.00 and gave the company an "overweight" rating in a report on Thursday, July 24th. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of GE Vernova in a report on Thursday, July 24th. The Goldman Sachs Group raised their price target on shares of GE Vernova from $500.00 to $570.00 and gave the company a "buy" rating in a report on Tuesday, June 10th. Finally, Citigroup raised their price target on shares of GE Vernova from $544.00 to $670.00 and gave the company a "neutral" rating in a report on Thursday, July 24th. Four investment analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat.com, GE Vernova has an average rating of "Moderate Buy" and an average target price of $573.75.

GE Vernova Trading Up 3.0%

GEV opened at $599.57 on Tuesday. The company has a market cap of $163.22 billion, a price-to-earnings ratio of 144.48, a PEG ratio of 4.02 and a beta of 1.88. The company's 50 day moving average is $599.34 and its 200 day moving average is $460.59. GE Vernova Inc. has a 12-month low of $197.38 and a 12-month high of $677.29.

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

GE Vernova Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 18th. Shareholders of record on Monday, July 21st were paid a dividend of $0.25 per share. The ex-dividend date was Monday, July 21st. 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%.

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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