Toth Financial Advisory Corp Purchases 2,275 Shares of GE Vernova Inc. $GEV

Key Points

• Toth Financial Advisory Corp significantly increased its stake in GE Vernova Inc. by 4,062.5% during Q2, now holding 2,331 shares valued at approximately $1.23 million.
• GE Vernova's stock price rose by 2.2%, with shares opening at $624.61, reflecting a market capitalization of approximately $170.03 billion.
• The company exceeded analysts' expectations with a reported $1.86 EPS for the last quarter, compared to the projected $1.63 EPS, generating quarterly revenue of $9.11 billion.

Toth Financial Advisory Corp increased its stake in GE Vernova Inc. (NYSE:GEV - Free Report) by 4,062.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,331 shares of the company's stock after acquiring an additional 2,275 shares during the quarter. Toth Financial Advisory Corp's holdings in GE Vernova were worth $1,233,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of GEV. Vanguard Group Inc. raised its stake in shares of GE Vernova by 1.8% during the 1st quarter. Vanguard Group Inc. now owns 24,392,613 shares of the company's stock valued at $7,446,577,000 after purchasing an additional 432,830 shares during the period. Goldman Sachs Group Inc. lifted its holdings in GE Vernova by 7.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,129,958 shares of the company's stock worth $955,513,000 after buying an additional 214,483 shares during the period. GAMMA Investing LLC lifted its stake in shares of GE Vernova by 32,984.2% in the 1st quarter. GAMMA Investing LLC now owns 2,141,539 shares of the company's stock valued at $653,769,000 after purchasing an additional 2,135,066 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in GE Vernova by 21.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,080,006 shares of the company's stock valued at $634,984,000 after buying an additional 367,150 shares in the last quarter. Finally, Wellington Management Group LLP increased its holdings in shares of GE Vernova by 50.9% in the 1st quarter. Wellington Management Group LLP now owns 2,029,948 shares of the company's stock worth $619,703,000 after purchasing an additional 684,794 shares in the last quarter.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on GEV. TD Cowen lifted their target price on GE Vernova from $390.00 to $685.00 and gave the stock a "buy" rating in a report on Friday, July 25th. Melius upgraded shares of GE Vernova from a "hold" rating to a "buy" rating and set a $740.00 price objective on the stock in a research note on Monday, September 15th. Wall Street Zen downgraded shares of GE Vernova from a "buy" rating to a "hold" rating in a research note on Saturday, July 26th. UBS Group began coverage on shares of GE Vernova in a research report on Monday, July 7th. They set a "buy" rating and a $614.00 price objective on the stock. Finally, Jefferies Financial Group raised their target price on shares of GE Vernova from $658.00 to $668.00 and gave the company a "hold" rating in a research note on Friday, September 12th. Four analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, GE Vernova presently has an average rating of "Moderate Buy" and a consensus target price of $592.35.

GE Vernova Price Performance

Shares of GEV stock traded up $13.61 during trading hours on Friday, reaching $624.61. 4,104,917 shares of the company traded hands, compared to its average volume of 2,758,330. The company has a market cap of $170.03 billion, a P/E ratio of 150.51, a P/E/G ratio of 4.55 and a beta of 1.88. The firm has a 50-day moving average price of $617.11 and a 200 day moving average price of $479.75. GE Vernova Inc. has a 12-month low of $242.25 and a 12-month high of $677.29.

GE Vernova (NYSE:GEV - Get Free Report) last announced its 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. The company had revenue of $9.11 billion for the quarter, compared to analyst estimates of $8.78 billion. GE Vernova had a return on equity of 13.23% and a net margin of 3.16%.The firm's quarterly revenue was up 11.1% compared to the same quarter last year. During the same period in the prior year, the company posted $4.65 EPS. GE Vernova has set its FY 2025 guidance at EPS. Sell-side analysts predict that GE Vernova Inc. will post 6.59 EPS for the current year.

GE Vernova Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, August 18th. Shareholders of record on Monday, July 21st were issued a $0.25 dividend. The ex-dividend date was Monday, July 21st. This represents a $1.00 annualized dividend and a yield of 0.2%. 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 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 completion of the transaction, the chief financial officer directly owned 7,590 shares in the company, valued at approximately $4,705,800. This trade represents 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 accessible through this link. Corporate insiders own 0.15% of the company's stock.

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.