Syntegra Private Wealth Group LLC Makes New Investment in GE Vernova Inc. $GEV

Key Points

• Syntegra Private Wealth Group LLC has acquired a new stake in GE Vernova Inc., purchasing 479 shares valued at approximately $253,000 in the 2nd quarter.
• GE Vernova's recent earnings report showed $1.86 EPS, surpassing estimates, with revenue of $9.11 billion, marking an 11.1% year-over-year increase.
• The company announced a quarterly dividend of $0.25 per share, with the ex-dividend date set for October 20th, representing a dividend yield of 0.2%.

Syntegra Private Wealth Group LLC acquired a new stake in GE Vernova Inc. (NYSE:GEV - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 479 shares of the company's stock, valued at approximately $253,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. EQ Wealth Advisors LLC acquired a new position in shares of GE Vernova during the 1st quarter worth approximately $27,000. IMA Advisory Services Inc. acquired a new stake in shares of GE Vernova in the 1st quarter valued at approximately $27,000. Mowery & Schoenfeld Wealth Management LLC boosted its holdings in shares of GE Vernova by 115.2% in the 1st quarter. Mowery & Schoenfeld Wealth Management LLC now owns 99 shares of the company's stock valued at $30,000 after buying an additional 53 shares during the last quarter. 1248 Management LLC acquired a new stake in shares of GE Vernova in the 1st quarter valued at approximately $31,000. Finally, Saudi Central Bank bought a new position in shares of GE Vernova in the first quarter valued at $33,000.

GE Vernova Price Performance

GEV opened at $594.46 on Tuesday. The business has a fifty day simple moving average of $615.29 and a 200 day simple moving average of $524.40. GE Vernova Inc. has a 1 year low of $252.25 and a 1 year high of $677.29. The company has a market capitalization of $161.82 billion, a PE ratio of 143.24, a price-to-earnings-growth ratio of 4.34 and a beta of 1.72.

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 for the quarter, topping the consensus estimate of $1.63 by $0.23. The firm had revenue of $9.11 billion for the quarter, compared to analysts' expectations of $8.78 billion. GE Vernova had a return on equity of 13.23% and a net margin of 3.16%.The company's quarterly revenue was up 11.1% compared to the same quarter last year. During the same quarter last year, the business earned $4.65 EPS. GE Vernova has set its FY 2025 guidance at EPS. Equities analysts anticipate that GE Vernova Inc. will post 6.59 earnings per share for the current fiscal year.

GE Vernova Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 17th. Shareholders of record on Monday, October 20th will be given a dividend of $0.25 per share. 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 dividend payout ratio is presently 24.10%.

Insider Activity

In other GE Vernova news, CFO Kenneth Scott Parks sold 3,300 shares of the firm's 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 in the company, valued at $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 available at the SEC website. 0.15% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Bank of America upped their price target on shares of GE Vernova from $550.00 to $620.00 and gave the stock a "buy" rating in a research report on Thursday, July 17th. Royal Bank Of Canada set a $605.00 target price on shares of GE Vernova and gave the company a "sector perform" rating in a report on Wednesday, October 1st. HSBC lifted their price target on GE Vernova from $570.00 to $580.00 and gave the stock a "hold" rating in a report on Friday, September 5th. Mizuho upped their price objective on GE Vernova from $670.00 to $677.00 and gave the company a "neutral" rating in a research note on Wednesday, October 15th. Finally, Morgan Stanley raised their price objective on GE Vernova from $675.00 to $690.00 and gave the company an "overweight" rating in a research report on Thursday. Four investment analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $601.44.

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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