Willow Creek Wealth Management Inc. Buys Shares of 500 GE Vernova Inc. $GEV

Key Points

• Willow Creek Wealth Management Inc. purchased 500 shares of GE Vernova Inc., valued at approximately $265,000, during the second quarter.
• GE Vernova reported earnings of $1.86 per share for the last quarter, exceeding analysts' estimates of $1.63, with revenues of $9.11 billion.
• The company announced a quarterly dividend of $0.25 per share, with the ex-dividend date set for October 20th, representing a 0.2% yield.

Willow Creek Wealth Management Inc. purchased a new stake in GE Vernova Inc. (NYSE:GEV - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 500 shares of the company's stock, valued at approximately $265,000.

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

GE Vernova Trading Down 0.4%

Shares of GEV stock opened at $605.21 on Friday. The company has a market cap of $164.75 billion, a P/E ratio of 145.83, a PEG ratio of 4.41 and a beta of 1.87. The firm has a fifty day moving average price of $622.99 and a 200 day moving average price of $490.14. GE Vernova Inc. has a 12 month low of $248.50 and a 12 month high of $677.29.

GE Vernova (NYSE:GEV - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The company reported $1.86 earnings per share (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 return on equity of 13.23% and a net margin of 3.16%.GE Vernova's revenue for the quarter was up 11.1% on a year-over-year basis. During the same period in the previous year, the business earned $4.65 EPS. GE Vernova has set its FY 2025 guidance at EPS. On average, equities analysts forecast that GE Vernova Inc. will post 6.59 EPS for the current year.

GE Vernova Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 17th. Shareholders of record on Monday, October 20th will be issued a dividend of $0.25 per share. 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 (DPR) is presently 24.10%.

Insider Buying and Selling at GE Vernova

In other news, CFO Kenneth Scott Parks sold 3,300 shares of the business's stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $620.00, for a total transaction of $2,046,000.00. Following the completion of the sale, the chief financial officer owned 7,590 shares in the company, valued at approximately $4,705,800. The trade was a 30.30% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.15% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Susquehanna raised their target price on GE Vernova from $662.00 to $736.00 and gave the company a "positive" rating in a report on Thursday, July 24th. Seaport Res Ptn raised shares of GE Vernova to a "strong-buy" rating in a research report on Thursday, July 10th. The Goldman Sachs Group lifted their price objective on shares of GE Vernova from $500.00 to $570.00 and gave the company a "buy" rating in a report on Tuesday, June 10th. Glj Research began coverage on shares of GE Vernova in a research report on Monday, June 23rd. They issued a "buy" rating for the company. Finally, TD Cowen boosted their price target on shares of GE Vernova from $390.00 to $685.00 and gave the stock a "buy" rating in a research note on Friday, July 25th. Four investment analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $592.35.

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.

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