Wealthcare Capital Partners LLC Makes New Investment in GE Vernova Inc. $GEV

Key Points

• Wealthcare Capital Partners LLC made a new investment in GE Vernova Inc., purchasing 464 shares valued at approximately $246,000 during the second quarter.
• GE Vernova's recent earnings report showed an EPS of $1.86, exceeding analysts' expectations, alongside a revenue of $9.11 billion.
• The company announced a quarterly dividend of $0.25, to be paid on November 17th, representing an annualized yield of 0.2%.

Wealthcare Capital Partners LLC purchased a new position in GE Vernova Inc. (NYSE:GEV - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 464 shares of the company's stock, valued at approximately $246,000.

Other institutional investors have also bought and sold shares of the company. Caitong International Asset Management Co. Ltd purchased a new stake in GE Vernova in the 1st quarter worth $912,000. Pines Wealth Management LLC purchased a new position in shares of GE Vernova during the second quarter valued at about $408,000. Resona Asset Management Co. Ltd. grew its position in shares of GE Vernova by 8.2% during the first quarter. Resona Asset Management Co. Ltd. now owns 86,021 shares of the company's stock valued at $26,229,000 after purchasing an additional 6,551 shares in the last quarter. Lockheed Martin Investment Management Co. purchased a new position in shares of GE Vernova during the first quarter valued at about $458,000. Finally, Golden State Wealth Management LLC grew its position in shares of GE Vernova by 201.7% during the first quarter. Golden State Wealth Management LLC now owns 1,222 shares of the company's stock valued at $373,000 after purchasing an additional 817 shares in the last quarter.

Analyst Upgrades and Downgrades

Several research firms recently commented on GEV. Melius Research set a $740.00 price target on GE Vernova and gave the stock a "buy" rating in a research report on Monday, September 15th. Mizuho downgraded 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. HSBC raised their price objective on shares of GE Vernova from $570.00 to $580.00 and gave the stock a "hold" rating in a research note on Friday, September 5th. Seaport Res Ptn raised shares of GE Vernova to a "strong-buy" rating in a research note on Thursday, July 10th. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of GE Vernova in a research note on Saturday, September 27th. Four equities research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and eight have given a Hold rating to the company's stock. Based on data from MarketBeat, GE Vernova presently has a consensus rating of "Moderate Buy" and an average target price of $598.50.

GE Vernova Stock Down 1.8%

Shares of NYSE:GEV opened at $595.07 on Friday. The company has a market capitalization of $161.99 billion, a price-to-earnings ratio of 143.39, a price-to-earnings-growth ratio of 4.34 and a beta of 1.72. GE Vernova Inc. has a 52 week low of $252.25 and a 52 week high of $677.29. The firm has a 50 day moving average of $623.21 and a 200 day moving average of $500.03.

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

GE Vernova Dividend Announcement

The firm also recently disclosed 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 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 on Tuesday, August 26th. The shares were sold at an average price of $620.00, for a total value of $2,046,000.00. Following the transaction, the chief financial officer directly owned 7,590 shares of the company's stock, valued at approximately $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 can be accessed through the SEC website. Corporate insiders own 0.15% of the company's stock.

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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