SeaBridge Investment Advisors LLC Acquires New Shares in GE Vernova Inc. $GEV

Key Points

• SeaBridge Investment Advisors LLC acquired 572 shares of GE Vernova Inc. during the second quarter, valued at approximately $303,000.
• GE Vernova reported quarterly earnings of $1.86 EPS, surpassing estimates, and set its FY 2025 guidance with an average forecast of 6.59 EPS.
• The company recently announced a quarterly dividend of $0.25, representing an annual yield of 0.2%.

SeaBridge Investment Advisors LLC purchased a new stake in shares of GE Vernova Inc. (NYSE:GEV - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 572 shares of the company's stock, valued at approximately $303,000.

Other institutional investors also recently bought and sold shares of the company. Highline Wealth Partners LLC grew its stake in shares of GE Vernova by 34.6% during the second quarter. Highline Wealth Partners LLC now owns 70 shares of the company's stock valued at $37,000 after buying an additional 18 shares during the last quarter. Atlas Brown Inc. raised its stake in GE Vernova by 0.8% in the second quarter. Atlas Brown Inc. now owns 2,496 shares of the company's stock worth $1,321,000 after buying an additional 19 shares in the last quarter. Physician Wealth Advisors Inc. raised its stake in GE Vernova by 9.0% in the second quarter. Physician Wealth Advisors Inc. now owns 241 shares of the company's stock worth $128,000 after buying an additional 20 shares in the last quarter. West Branch Capital LLC grew its holdings in GE Vernova by 25.6% in the second quarter. West Branch Capital LLC now owns 98 shares of the company's stock worth $52,000 after purchasing an additional 20 shares during the last quarter. Finally, Grove Bank & Trust grew its holdings in GE Vernova by 16.0% in the second quarter. Grove Bank & Trust now owns 167 shares of the company's stock worth $88,000 after purchasing an additional 23 shares during the last quarter.

GE Vernova Stock Performance

GEV opened at $605.21 on Friday. The business's 50-day simple moving average is $622.99 and its 200-day simple moving average is $490.14. GE Vernova Inc. has a one year low of $248.50 and a one year high of $677.29. The stock has a market capitalization of $164.75 billion, a P/E ratio of 145.83, a price-to-earnings-growth ratio of 4.41 and a beta of 1.87.

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

GE Vernova Announces Dividend

The business 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 $0.25 dividend. The ex-dividend date of this dividend is Monday, October 20th. This represents a $1.00 dividend on an annualized basis and a yield of 0.2%. GE Vernova's dividend payout ratio is presently 24.10%.

Insider Buying and Selling at GE Vernova

In other GE Vernova news, CFO Kenneth Scott Parks sold 3,300 shares of the stock in a transaction 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 transaction, the chief financial officer owned 7,590 shares of the company's stock, valued at $4,705,800. This represents a 30.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. 0.15% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Melius upgraded shares of GE Vernova from a "hold" rating to a "buy" rating and set a $740.00 target price for the company in a research report on Monday, September 15th. Melius Research set a $740.00 price objective on shares of GE Vernova and gave the stock a "buy" rating in a research report on Monday, September 15th. Citigroup upped their price target on shares of GE Vernova from $544.00 to $670.00 and gave the stock a "neutral" rating in a research report on Thursday, July 24th. Mizuho cut 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. Finally, Bank of America upped their price objective on shares of GE Vernova from $550.00 to $620.00 and gave the company a "buy" rating in a research note on Thursday, July 17th. Four investment analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and eight have issued a Hold rating to the company's stock. According to MarketBeat.com, GE Vernova has an average rating of "Moderate Buy" and a consensus price target of $592.35.

GE Vernova Company 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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