406 Shares in GE Vernova Inc. $GEV Purchased by Emerald Advisors LLC

Emerald Advisors LLC bought a new position in shares of GE Vernova Inc. (NYSE:GEV) during the second quarter, HoldingsChannel reports. The firm bought 406 shares of the company’s stock, valued at approximately $215,000.

Other institutional investors have also added to or reduced their stakes in the company. Highline Wealth Partners LLC grew its position in GE Vernova by 34.6% during the second quarter. Highline Wealth Partners LLC now owns 70 shares of the company’s stock worth $37,000 after buying an additional 18 shares in the last quarter. Raleigh Capital Management Inc. acquired a new stake in GE Vernova during the second quarter worth about $37,000. IMA Advisory Services Inc. acquired a new stake in GE Vernova during the first quarter worth about $27,000. EQ Wealth Advisors LLC acquired a new stake in GE Vernova during the first quarter worth about $27,000. Finally, West Branch Capital LLC grew its position in GE Vernova by 25.6% during the second quarter. West Branch Capital LLC now owns 98 shares of the company’s stock worth $52,000 after buying an additional 20 shares in the last quarter.

Wall Street Analysts Forecast Growth

GEV has been the topic of a number of recent research reports. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of GE Vernova in a report on Thursday, July 24th. JPMorgan Chase & Co. lifted their price objective on GE Vernova from $620.00 to $715.00 and gave the company an “overweight” rating in a report on Thursday, July 24th. Susquehanna lifted their price objective on GE Vernova from $662.00 to $736.00 and gave the company a “positive” rating in a report on Thursday, July 24th. Melius raised GE Vernova from a “hold” rating to a “buy” rating and set a $740.00 price objective on the stock in a report on Monday, September 15th. Finally, Wall Street Zen downgraded GE Vernova from a “buy” rating to a “hold” rating in a report on Saturday, July 26th. 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 company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $592.35.

Insiders Place Their Bets

In other GE Vernova news, CFO Kenneth Scott Parks sold 3,300 shares of the company’s stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of $620.00, for a total transaction of $2,046,000.00. Following the transaction, the chief financial officer owned 7,590 shares of the company’s stock, valued at approximately $4,705,800. This represents a 30.30% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.15% of the stock is owned by company insiders.

GE Vernova Price Performance

Shares of GEV opened at $600.66 on Tuesday. The company has a market capitalization of $163.51 billion, a P/E ratio of 144.74, a PEG ratio of 4.41 and a beta of 1.88. GE Vernova Inc. has a one year low of $248.50 and a one year high of $677.29. The business’s 50 day simple moving average is $623.69 and its 200-day simple moving average is $493.48.

GE Vernova (NYSE:GEV) last announced its earnings results on Wednesday, July 23rd. The company reported $1.86 EPS for the quarter, topping the consensus estimate of $1.63 by $0.23. The business had revenue of $9.11 billion for 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 was up 11.1% compared to the same quarter last year. 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, sell-side analysts anticipate that GE Vernova Inc. will post 6.59 EPS for the current fiscal year.

GE Vernova Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 17th. Stockholders of record on Monday, October 20th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend is Monday, October 20th. GE Vernova’s payout ratio is presently 24.10%.

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.