AdviceOne Advisory Services LLC Raises Position in GE Vernova Inc. $GEV

AdviceOne Advisory Services LLC increased its holdings in GE Vernova Inc. (NYSE:GEV) by 8.0% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 781 shares of the company’s stock after purchasing an additional 58 shares during the quarter. GE Vernova accounts for 0.2% of AdviceOne Advisory Services LLC’s investment portfolio, making the stock its 26th biggest position. AdviceOne Advisory Services LLC’s holdings in GE Vernova were worth $238,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in GEV. Brighton Jones LLC raised its position in GE Vernova by 29.4% in the 4th 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 period. American Assets Inc. purchased a new position in GE Vernova in the 4th quarter worth $658,000. Janus Henderson Group PLC raised its position in GE Vernova by 0.4% in the 4th quarter. Janus Henderson Group PLC now owns 33,013 shares of the company’s stock worth $10,867,000 after purchasing an additional 132 shares during the period. Nuveen Asset Management LLC raised its position in GE Vernova by 5.0% in the 4th quarter. Nuveen Asset Management LLC now owns 614,792 shares of the company’s stock worth $202,224,000 after purchasing an additional 29,548 shares during the period. Finally, Pathstone Holdings LLC raised its position in GE Vernova by 4.0% in the 4th quarter. Pathstone Holdings LLC now owns 30,740 shares of the company’s stock worth $10,113,000 after purchasing an additional 1,172 shares during the period.

Insider Buying and Selling at GE Vernova

In other news, CFO Kenneth Scott Parks sold 3,300 shares of GE Vernova stock in a transaction dated 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 sale, the chief financial officer owned 7,590 shares of the company’s stock, valued at approximately $4,705,800. The trade was a 30.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.15% of the company’s stock.

GE Vernova Trading Down 1.3%

Shares of GEV opened at $625.99 on Friday. The firm’s 50-day moving average price is $608.65 and its 200-day moving average price is $467.18. The firm has a market capitalization of $170.41 billion, a price-to-earnings ratio of 150.84, a PEG ratio of 4.38 and a beta of 1.87. GE Vernova Inc. has a 1-year low of $219.01 and a 1-year high of $677.29.

GE Vernova (NYSE:GEV) last announced its 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 firm had revenue of $9.11 billion for the quarter, compared to analyst estimates of $8.78 billion. GE Vernova had a net margin of 3.16% and a return on equity of 13.23%. The company’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.65 EPS. GE Vernova has set its FY 2025 guidance at EPS. On average, research analysts forecast that GE Vernova Inc. will post 6.59 EPS for the current fiscal year.

GE Vernova Dividend Announcement

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

Analyst Ratings Changes

A number of equities analysts recently commented on GEV shares. HSBC lifted their target price on shares of GE Vernova from $570.00 to $580.00 and gave the stock a “hold” rating in a research report on Friday, September 5th. Glj Research assumed coverage on shares of GE Vernova in a research report on Monday, June 23rd. They issued a “buy” rating on the stock. Royal Bank Of Canada restated an “outperform” rating on shares of GE Vernova in a research report on Thursday, July 24th. Susquehanna boosted their price objective on shares of GE Vernova from $662.00 to $736.00 and gave the company a “positive” rating in a research report on Thursday, July 24th. Finally, Barclays boosted their price objective on shares of GE Vernova from $580.00 to $706.00 and gave the company an “overweight” rating in a research report on Thursday, July 24th. Four analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $580.04.

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.