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

Key Points

• Representative Austin Scott sold shares of GE Vernova Inc. (NYSE:GEV) in a transaction valued between $1,001 and $15,000 on June 16th, which was reported on August 13th.
• GE Vernova's stock rose by 2.0% to $616.6530 during midday trading, with a market capitalization of $167.87 billion.
• The company recently announced a quarterly dividend of $0.25, which represents an annual yield of 0.2% and a payout ratio of 24.10%.

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

GE Vernova Stock Up 2.0%

GEV traded up $12.0630 during midday trading on Thursday, reaching $616.6530. The company had a trading volume of 1,066,598 shares, compared to its average volume of 3,553,119. The business has a 50-day moving average of $571.62 and a two-hundred day moving average of $437.96. The company has a market cap of $167.87 billion, a P/E ratio of 148.59, a P/E/G ratio of 4.17 and a beta of 1.90. GE Vernova Inc. has a 1 year low of $173.07 and a 1 year 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 EPS for the quarter, topping analysts' consensus estimates of $1.63 by $0.23. GE Vernova had a return on equity of 13.23% and a net margin of 3.16%.The company had revenue of $9.11 billion for the quarter, compared to analysts' expectations of $8.78 billion. During the same period in the previous year, the firm earned $4.65 EPS. The firm's revenue was up 11.1% compared to the same quarter last year. GE Vernova has set its FY 2025 guidance at EPS. On average, equities research analysts predict that GE Vernova Inc. will post 6.59 EPS for the current year.

GE Vernova Dividend Announcement

The company also recently announced 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 of this dividend 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 is currently 24.10%.

Institutional Investors Weigh In On GE Vernova

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Navigoe LLC purchased a new stake in GE Vernova in the 4th quarter valued at about $27,000. EQ Wealth Advisors LLC acquired a new stake in GE Vernova during the first quarter worth approximately $27,000. IMA Advisory Services Inc. purchased a new stake in shares of GE Vernova in the 1st quarter valued at about $27,000. Clarity Asset Management Inc. purchased a new stake in GE Vernova during the 4th quarter valued at approximately $28,000. Finally, WFA Asset Management Corp purchased a new stake in GE Vernova during the 2nd quarter valued at approximately $29,000.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Bank of America raised their price objective on GE Vernova from $550.00 to $620.00 and gave the company a "buy" rating in a research note on Thursday, July 17th. Robert W. Baird lifted their target price on GE Vernova from $568.00 to $706.00 and gave the company an "outperform" rating in a research report on Thursday, July 24th. Citigroup lifted their target price on GE Vernova from $544.00 to $670.00 and gave the company a "neutral" rating in a research report on Thursday, July 24th. Jefferies Financial Group lowered GE Vernova from a "buy" rating to a "hold" rating and boosted their price target for the stock from $427.00 to $517.00 in a research report on Thursday, May 29th. Finally, UBS Group initiated coverage on GE Vernova in a research report on Monday, July 7th. They set a "buy" rating and a $614.00 target price on the stock. Four analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, GE Vernova presently has a consensus rating of "Moderate Buy" and a consensus target price 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.

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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