Northstar Advisory Group LLC Acquires Shares of 2,836 GE Vernova Inc. $GEV

Key Points

• Northstar Advisory Group LLC acquired 2,836 shares of GE Vernova Inc., valued at approximately $1.5 million, during the second quarter.
• GE Vernova's stock recently reported earnings of $1.86 per share, exceeding the consensus estimate of $1.63, with a revenue of $9.11 billion for the quarter.
• The company announced a quarterly dividend of $0.25 per share, reflecting an annualized yield of 0.2% and a payout ratio of 24.10%.

Northstar Advisory Group LLC acquired 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 SEC. The firm acquired 2,836 shares of the company's stock, valued at approximately $1,501,000.

Other institutional investors have also added to or reduced their stakes in the company. EQ Wealth Advisors LLC purchased a new position in shares of GE Vernova in the first quarter valued at $27,000. IMA Advisory Services Inc. purchased a new position in shares of GE Vernova in the first quarter valued at $27,000. Orion Capital Management LLC purchased a new position in shares of GE Vernova in the fourth quarter valued at $30,000. Mowery & Schoenfeld Wealth Management LLC grew its holdings in shares of 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 in the last quarter. Finally, 1248 Management LLC purchased a new position in shares of GE Vernova in the first quarter valued at $31,000.

GE Vernova Trading Down 1.3%

NYSE:GEV opened at $625.99 on Monday. GE Vernova Inc. has a twelve month low of $219.01 and a twelve month high of $677.29. The company has a market cap of $170.41 billion, a price-to-earnings ratio of 150.84, a price-to-earnings-growth ratio of 4.32 and a beta of 1.88. The stock has a fifty day simple moving average of $608.65 and a 200-day simple moving average of $469.09.

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

GE Vernova Dividend Announcement

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

Insider Transactions at GE Vernova

In other GE Vernova news, CFO Kenneth Scott Parks sold 3,300 shares of GE Vernova stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $620.00, for a total value of $2,046,000.00. Following the transaction, the chief financial officer owned 7,590 shares in the company, valued at $4,705,800. The trade was a 30.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.15% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research firms recently weighed in on GEV. Glj Research started coverage on shares of GE Vernova in a report on Monday, June 23rd. They issued a "buy" rating for the company. Susquehanna lifted their price objective on shares of GE Vernova from $662.00 to $736.00 and gave the stock a "positive" rating in a research note on Thursday, July 24th. Mizuho lowered shares of GE Vernova from an "outperform" rating to a "neutral" rating and set a $670.00 price objective for the company. in a research note on Monday, July 28th. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of GE Vernova in a research note on Thursday, July 24th. Finally, UBS Group assumed coverage on shares of GE Vernova in a research note on Monday, July 7th. They set a "buy" rating and a $614.00 price objective for the company. Four research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and nine have issued a Hold rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $580.04.

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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