Rep. Austin Scott Sells Off Shares of GE Vernova Inc. (NYSE:GEV)

Key Points

• Representative Austin Scott sold between $1,001 and $15,000 worth of shares in GE Vernova (NYSE:GEV) on May 23rd, as disclosed in a filing.
• GE Vernova's stock recently traded at $605.93, with a market cap of $164.95 billion, showing strong performance amidst institutional investments.
• The company reported an EPS of $1.86 for the last quarter, beating estimates, and announced a quarterly dividend of $0.25 per share.

Representative Austin Scott (R-Georgia) recently sold shares of GE Vernova Inc. NYSE: GEV. In a filing disclosed on August 13th, the Representative disclosed that they had sold between $1,001 and $15,000 in GE Vernova stock on May 23rd. The trade occurred in the Representative's "VIVIEN G SCOTT IRA" account.

Representative Austin Scott also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of GE Vernova NYSE: GEV on 6/16/2025.
• Sold $1,001 - $15,000 in shares of GE Aerospace NYSE: GE on 6/16/2025.
• Sold $1,001 - $15,000 in shares of GE Aerospace NYSE: GE on 5/23/2025.

GE Vernova Price Performance

Shares of GE Vernova stock traded up $1.0810 during trading on Monday, hitting $608.1510. 1,145,728 shares of the stock were exchanged, compared to its average volume of 3,542,507. The firm's 50-day moving average price is $576.57 and its 200 day moving average price is $442.36. The stock has a market cap of $165.55 billion, a price-to-earnings ratio of 146.61, a price-to-earnings-growth ratio of 4.20 and a beta of 1.90. GE Vernova Inc. has a 12-month low of $179.19 and a 12-month high of $677.29.

GE Vernova (NYSE:GEV - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The company reported $1.86 earnings per share for the quarter, beating analysts' consensus estimates of $1.63 by $0.23. The company 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%.GE Vernova's quarterly revenue was up 11.1% on a year-over-year basis. During the same period last year, the firm earned $4.65 earnings per share. GE Vernova has set its FY 2025 guidance at EPS. As a group, research analysts forecast that GE Vernova Inc. will post 6.59 earnings per share for the current year.

GE Vernova Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 18th. Stockholders of record on Monday, July 21st were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend was Monday, July 21st. GE Vernova's payout ratio is 24.10%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Navigoe LLC acquired a new stake in shares of GE Vernova during the fourth quarter worth $27,000. EQ Wealth Advisors LLC acquired a new stake in shares of GE Vernova in the 1st quarter worth $27,000. IMA Advisory Services Inc. acquired a new stake in shares of GE Vernova in the 1st quarter worth $27,000. Clarity Asset Management Inc. acquired a new position in shares of GE Vernova during the fourth quarter worth about $28,000. Finally, WFA Asset Management Corp purchased a new position in GE Vernova during the second quarter worth about $29,000.

Analyst Ratings Changes

A number of research analysts have recently commented on GEV shares. Seaport Res Ptn upgraded GE Vernova to a "strong-buy" rating in a report on Thursday, July 10th. BMO Capital Markets increased their price target on shares of GE Vernova from $590.00 to $690.00 and gave the company an "outperform" rating in a research note on Thursday, July 24th. Wall Street Zen cut shares of GE Vernova from a "buy" rating to a "hold" rating in a report on Saturday, July 26th. Barclays boosted their price objective on shares of GE Vernova from $580.00 to $706.00 and gave the stock an "overweight" rating in a research report on Thursday, July 24th. Finally, JPMorgan Chase & Co. upped their target price on shares of GE Vernova from $620.00 to $715.00 and gave the company an "overweight" rating in a report on Thursday, July 24th. Four analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and nine have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $560.21.

About Representative Scott

Austin Scott (Republican Party) is a member of the U.S. House, representing Georgia's 8th Congressional District. He assumed office on January 3, 2011. His current term ends on January 3, 2027. Scott (Republican Party) is running for re-election to the U.S. House to represent Georgia's 8th Congressional District. He declared candidacy for the 2026 election. Scott's professional experience includes working as an Agent and Owner with The Southern Group, Limited Liability Company, Senior Agent with The Principal Financial Group from 1993 to 1998 and an Agent with the Life of the South Agency from 1992 to 1993. He is a member of the American Red Cross - Coastal Plains Chapter Board, National Association of Insurance Financial Advisers, First Baptist Church of Tifton and the American Legislative Exchange Council. Scott graduated from the University of Georgia with a B.B.A. in risk management and insurance.

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.