492 Shares in GE Vernova Inc. $GEV Purchased by Three Seasons Wealth LLC

Key Points

• Three Seasons Wealth LLC acquired a new stake in GE Vernova Inc. worth approximately $260,000, purchasing 492 shares in the second quarter.
• GE Vernova's stock recently showed a 0.5% decline, with shares opening at $611.45, reflecting a market capitalization of $166.45 billion.
• The company reported a positive earnings surprise with $1.86 EPS for its last quarter, surpassing analysts' expectations, along with a year-over-year revenue increase of 11.1%.

Three Seasons Wealth LLC bought a new position in GE Vernova Inc. (NYSE:GEV - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 492 shares of the company's stock, valued at approximately $260,000.

Other hedge funds have also added to or reduced their stakes in the company. EQ Wealth Advisors LLC bought a new stake in GE Vernova in the first quarter worth $27,000. IMA Advisory Services Inc. purchased a new stake in GE Vernova during the first quarter valued at $27,000. Orion Capital Management LLC purchased a new stake in GE Vernova during the fourth quarter valued at $30,000. Mowery & Schoenfeld Wealth Management LLC increased its position in GE Vernova by 115.2% in the first quarter. Mowery & Schoenfeld Wealth Management LLC now owns 99 shares of the company's stock worth $30,000 after buying an additional 53 shares in the last quarter. Finally, 1248 Management LLC purchased a new stake in GE Vernova in the first quarter worth about $31,000.

Wall Street Analysts Forecast Growth

GEV has been the subject of a number of recent analyst reports. Melius raised GE Vernova from a "hold" rating to a "buy" rating and set a $740.00 price objective for the company in a research note on Monday, September 15th. JPMorgan Chase & Co. raised their price objective on GE Vernova from $620.00 to $715.00 and gave the company an "overweight" rating in a research note on Thursday, July 24th. Robert W. Baird increased their price target on GE Vernova from $568.00 to $706.00 and gave the stock an "outperform" rating in a report on Thursday, July 24th. Susquehanna raised their price objective on GE Vernova from $662.00 to $736.00 and gave the stock a "positive" rating in a report on Thursday, July 24th. Finally, The Goldman Sachs Group lifted their price target on GE Vernova from $500.00 to $570.00 and gave the company a "buy" rating in a report on Tuesday, June 10th. Four 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. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $592.35.

Insider Activity

In other GE Vernova news, CFO Kenneth Scott Parks sold 3,300 shares of the firm'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 transaction, the chief financial officer owned 7,590 shares of the company's stock, valued at approximately $4,705,800. This trade represents a 30.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.15% of the company's stock.

GE Vernova Stock Up 2.2%

NYSE:GEV traded up $13.61 during trading hours on Friday, reaching $624.61. 4,104,917 shares of the stock were exchanged, compared to its average volume of 2,689,348. The company has a market capitalization of $170.03 billion, a price-to-earnings ratio of 150.51, a PEG ratio of 4.55 and a beta of 1.87. GE Vernova Inc. has a twelve month low of $242.25 and a twelve month high of $677.29. The business has a 50-day moving average of $617.11 and a two-hundred day moving average of $478.45.

GE Vernova (NYSE:GEV - Get Free Report) last announced its quarterly earnings data 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 business had revenue of $9.11 billion for the quarter, compared to analysts' expectations of $8.78 billion. During the same period last year, the firm earned $4.65 earnings per share. The company'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. On average, research analysts forecast that GE Vernova Inc. will post 6.59 EPS for the current fiscal year.

GE Vernova Announces Dividend

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

About GE Vernova

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.