Key Client Fiduciary Advisors LLC Acquires Shares of 432 GE Vernova Inc. $GEV

Key Points

• Key Client Fiduciary Advisors LLC acquired 432 shares of GE Vernova Inc., valued at approximately $229,000, highlighting interest from institutional investors during the 2nd quarter.
• GE Vernova's quarterly earnings report showed an EPS of $1.86, surpassing estimates and indicating a revenue increase of 11.1% year-over-year.
• The company announced a quarterly dividend of $0.25 per share, with a payout ratio of 24.10%, signaling strong financial management and shareholder returns.

Key Client Fiduciary Advisors LLC acquired a new stake in shares of GE Vernova Inc. (NYSE:GEV - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 432 shares of the company's stock, valued at approximately $229,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Atlas Brown Inc. boosted its holdings in shares of GE Vernova by 0.8% during the 2nd quarter. Atlas Brown Inc. now owns 2,496 shares of the company's stock valued at $1,321,000 after purchasing an additional 19 shares during the last quarter. Westover Capital Advisors LLC raised its position in GE Vernova by 2.3% in the 1st quarter. Westover Capital Advisors LLC now owns 1,130 shares of the company's stock worth $345,000 after purchasing an additional 25 shares during the period. SVB Wealth LLC raised its position in GE Vernova by 0.7% in the 1st quarter. SVB Wealth LLC now owns 3,585 shares of the company's stock worth $1,094,000 after purchasing an additional 26 shares during the period. Stonebridge Financial Group LLC raised its position in GE Vernova by 8.9% in the 1st quarter. Stonebridge Financial Group LLC now owns 344 shares of the company's stock worth $105,000 after purchasing an additional 28 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. raised its position in GE Vernova by 0.4% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 8,510 shares of the company's stock worth $2,598,000 after purchasing an additional 30 shares during the period.

Insider Activity 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 shares were 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 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 filing with the SEC, which is accessible through the SEC website. Insiders own 0.15% of the company's stock.

GE Vernova Stock Performance

GE Vernova stock opened at $618.28 on Wednesday. GE Vernova Inc. has a one year low of $233.51 and a one year high of $677.29. The stock has a 50-day moving average of $612.36 and a two-hundred day moving average of $472.16. The stock has a market cap of $168.31 billion, a PE ratio of 148.98, a price-to-earnings-growth ratio of 4.35 and a beta of 1.87.

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

GE Vernova Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 18th. Stockholders of record on Monday, July 21st were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.2%. The ex-dividend date was Monday, July 21st. GE Vernova's payout ratio is presently 24.10%.

Analysts Set New Price Targets

A number of research firms recently weighed in on GEV. Glj Research began coverage on shares of GE Vernova in a research report on Monday, June 23rd. They issued a "buy" rating on the stock. Morgan Stanley increased their price objective on shares of GE Vernova from $511.00 to $675.00 and gave the stock an "overweight" rating in a research report on Thursday, July 24th. Wolfe Research lowered shares of GE Vernova from an "outperform" rating to a "peer perform" rating in a research report on Friday, June 13th. Robert W. Baird raised their target price on shares of GE Vernova from $568.00 to $706.00 and gave the stock an "outperform" rating in a research report on Thursday, July 24th. Finally, Wells Fargo & Company raised their target price on shares of GE Vernova from $474.00 to $697.00 and gave the stock an "overweight" rating in a research report on Thursday, July 24th. Four investment analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat.com, GE Vernova currently has an average rating of "Moderate Buy" and a consensus target price of $592.35.

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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