Lauterbach Financial Advisors LLC Purchases New Shares in GE Vernova Inc. $GEV

Key Points

• Lauterbach Financial Advisors LLC purchased a new stake in GE Vernova Inc., acquiring 657 shares valued at approximately $348,000 in the second quarter, indicating growing institutional interest in the company.
• Analysts are optimistic about GE Vernova's future, with multiple firms recently updating their target prices and ratings, suggesting strong potential for growth and an average target price of $592.35.
• GE Vernova announced a quarterly dividend of $0.25 per share, with an annualized dividend yield of 0.2%, reflecting the company's ongoing commitment to return value to its stockholders.

Lauterbach Financial Advisors LLC purchased a new stake in shares of GE Vernova Inc. (NYSE:GEV - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 657 shares of the company's stock, valued at approximately $348,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Highline Wealth Partners LLC increased its holdings in GE Vernova by 34.6% during the 2nd quarter. Highline Wealth Partners LLC now owns 70 shares of the company's stock valued at $37,000 after purchasing an additional 18 shares in the last quarter. Raleigh Capital Management Inc. acquired a new stake in GE Vernova during the 2nd quarter valued at $37,000. IMA Advisory Services Inc. acquired a new stake in GE Vernova during the 1st quarter valued at $27,000. EQ Wealth Advisors LLC acquired a new stake in GE Vernova during the 1st quarter valued at $27,000. Finally, West Branch Capital LLC increased its holdings in GE Vernova by 25.6% during the 2nd quarter. West Branch Capital LLC now owns 98 shares of the company's stock valued at $52,000 after purchasing an additional 20 shares in the last quarter.

Analyst Ratings Changes

Several research firms have recently commented on GEV. Royal Bank Of Canada reissued an "outperform" rating on shares of GE Vernova in a research note on Thursday, July 24th. Morgan Stanley lifted their target price on GE Vernova from $511.00 to $675.00 and gave the company an "overweight" rating in a research note on Thursday, July 24th. Wells Fargo & Company lifted their target price on GE Vernova from $474.00 to $697.00 and gave the company an "overweight" rating in a research note on Thursday, July 24th. The Goldman Sachs Group lifted their target price on GE Vernova from $500.00 to $570.00 and gave the company a "buy" rating in a research note on Tuesday, June 10th. Finally, HSBC lifted their target price on GE Vernova from $570.00 to $580.00 and gave the company a "hold" rating in a research note on Friday, September 5th. Four investment analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, GE Vernova currently has an average rating of "Moderate Buy" and a consensus target price of $592.35.

GE Vernova Stock Down 0.7%

Shares of GE Vernova stock opened at $600.66 on Tuesday. GE Vernova Inc. has a 12 month low of $248.50 and a 12 month high of $677.29. The business has a fifty day simple moving average of $623.69 and a 200 day simple moving average of $493.48. The stock has a market cap of $163.51 billion, a PE ratio of 144.74, a price-to-earnings-growth ratio of 4.41 and a beta of 1.88.

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 business had revenue of $9.11 billion during the quarter, compared to analysts' expectations of $8.78 billion. During the same period in the previous year, the firm earned $4.65 earnings per share. The firm's quarterly revenue was up 11.1% compared to the same quarter last year. GE Vernova has set its FY 2025 guidance at EPS. Analysts expect that GE Vernova Inc. will post 6.59 EPS for the current fiscal year.

GE Vernova Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, November 17th. Stockholders of record on Monday, October 20th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Monday, October 20th. GE Vernova's payout ratio is 24.10%.

Insider Transactions at GE Vernova

In related news, CFO Kenneth Scott Parks sold 3,300 shares of the company's stock in a transaction dated 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 sale, the chief financial officer owned 7,590 shares in the company, valued at approximately $4,705,800. This represents a 30.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.15% of the company's stock.

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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