511 Shares in GE Vernova Inc. $GEV Acquired by Intellus Advisors LLC

Intellus Advisors LLC purchased a new stake in GE Vernova Inc. (NYSE:GEV) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 511 shares of the company’s stock, valued at approximately $270,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Brighton Jones LLC grew its holdings in shares of GE Vernova by 29.4% during the fourth quarter. Brighton Jones LLC now owns 3,315 shares of the company’s stock worth $1,091,000 after purchasing an additional 753 shares during the last quarter. Avantax Advisory Services Inc. boosted its position in GE Vernova by 10.3% during the 1st quarter. Avantax Advisory Services Inc. now owns 8,202 shares of the company’s stock worth $2,504,000 after buying an additional 769 shares during the period. Cetera Investment Advisers grew its holdings in GE Vernova by 18.5% during the 1st quarter. Cetera Investment Advisers now owns 77,531 shares of the company’s stock worth $23,669,000 after acquiring an additional 12,107 shares during the last quarter. Assetmark Inc. increased its position in GE Vernova by 52.1% in the 1st quarter. Assetmark Inc. now owns 14,104 shares of the company’s stock valued at $4,306,000 after acquiring an additional 4,834 shares during the period. Finally, First Heartland Consultants Inc. raised its stake in shares of GE Vernova by 20.0% during the first quarter. First Heartland Consultants Inc. now owns 1,336 shares of the company’s stock valued at $408,000 after acquiring an additional 223 shares during the last quarter.

Insider Buying and Selling

In other GE Vernova news, CFO Kenneth Scott Parks sold 3,300 shares of the firm’s stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $620.00, for a total value of $2,046,000.00. Following the completion of the sale, the chief financial officer owned 7,590 shares of the company’s stock, valued at approximately $4,705,800. This trade represents a 30.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.15% of the company’s stock.

GE Vernova Stock Down 0.4%

GE Vernova stock opened at $555.98 on Monday. The company has a market capitalization of $150.85 billion, a PE ratio of 90.55, a PEG ratio of 4.13 and a beta of 1.69. The firm’s fifty day moving average is $595.52 and its 200 day moving average is $564.57. GE Vernova Inc. has a 12-month low of $252.25 and a 12-month high of $677.29.

GE Vernova (NYSE:GEV) last posted its quarterly earnings results on Wednesday, October 22nd. The company reported $1.64 earnings per share for the quarter, missing the consensus estimate of $1.72 by ($0.08). GE Vernova had a net margin of 4.52% and a return on equity of 17.07%. The company had revenue of $9.97 billion during the quarter, compared to the consensus estimate of $9.15 billion. During the same period last year, the firm posted ($0.35) earnings per share. The company’s revenue for the quarter was up 11.8% on a year-over-year basis. GE Vernova has set its FY 2025 guidance at EPS. Sell-side analysts expect that GE Vernova Inc. will post 6.59 EPS for the current fiscal year.

GE Vernova Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, November 17th. Shareholders of record on Monday, October 20th were issued a $0.25 dividend. The ex-dividend date was Monday, October 20th. This represents a $1.00 annualized dividend and a yield of 0.2%. GE Vernova’s dividend payout ratio is presently 16.29%.

Analyst Upgrades and Downgrades

GEV has been the topic of several analyst reports. Jefferies Financial Group reissued a “hold” rating and issued a $654.00 price objective on shares of GE Vernova in a research note on Monday, October 27th. Cowen reiterated a “buy” rating on shares of GE Vernova in a research report on Thursday, October 23rd. Mizuho decreased their target price on shares of GE Vernova from $677.00 to $660.00 and set a “neutral” rating for the company in a research report on Friday, October 24th. Glj Research boosted their price target on shares of GE Vernova from $702.00 to $758.00 and gave the stock a “buy” rating in a research report on Wednesday, October 15th. Finally, Wells Fargo & Company upped their price objective on shares of GE Vernova from $697.00 to $717.00 and gave the company an “overweight” rating in a research note on Friday, October 24th. Four research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $607.81.

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.