Capstone Financial Advisors Inc. Invests $292,000 in GE Vernova Inc. $GEV

Capstone Financial Advisors Inc. acquired a new stake in GE Vernova Inc. (NYSE:GEV) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 551 shares of the company’s stock, valued at approximately $292,000.

Several other hedge funds have also added to or reduced their stakes in the business. Advisors Capital Management LLC grew its stake in GE Vernova by 0.5% in the second quarter. Advisors Capital Management LLC now owns 3,875 shares of the company’s stock valued at $2,051,000 after acquiring an additional 18 shares during the period. L & S Advisors Inc lifted its holdings in shares of GE Vernova by 91.2% during the 2nd quarter. L & S Advisors Inc now owns 12,414 shares of the company’s stock valued at $6,569,000 after purchasing an additional 5,920 shares in the last quarter. Nixon Peabody Trust Co. grew its position in shares of GE Vernova by 25.3% in the 2nd quarter. Nixon Peabody Trust Co. now owns 841 shares of the company’s stock valued at $445,000 after purchasing an additional 170 shares during the period. Trustco Bank Corp N Y increased its stake in GE Vernova by 8.2% during the 2nd quarter. Trustco Bank Corp N Y now owns 7,203 shares of the company’s stock worth $3,811,000 after purchasing an additional 544 shares in the last quarter. Finally, Intrua Financial LLC acquired a new stake in GE Vernova during the 2nd quarter worth approximately $248,000.

GE Vernova Price Performance

Shares of NYSE:GEV opened at $558.62 on Friday. The company’s 50-day moving average price is $600.95 and its two-hundred day moving average price is $554.50. GE Vernova Inc. has a one year low of $252.25 and a one year high of $677.29. The stock has a market capitalization of $151.56 billion, a PE ratio of 90.98, a price-to-earnings-growth ratio of 4.28 and a beta of 1.68.

GE Vernova (NYSE:GEV) last announced its quarterly earnings data 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 quarter in the previous year, the business earned ($0.35) EPS. GE Vernova’s revenue was up 11.8% on a year-over-year basis. GE Vernova has set its FY 2025 guidance at EPS. On average, analysts anticipate that GE Vernova Inc. will post 6.59 earnings per share for the current fiscal year.

GE Vernova Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 17th. Stockholders of record on Monday, October 20th will be paid a dividend of $0.25 per share. The ex-dividend date is Monday, October 20th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.2%. GE Vernova’s dividend payout ratio is currently 16.29%.

Insider Activity

In other news, CFO Kenneth Scott Parks sold 3,300 shares of the 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 represents a 30.30% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.15% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on GEV. HSBC lifted their price target on shares of GE Vernova from $570.00 to $580.00 and gave the company a “hold” rating in a research note on Friday, September 5th. Wells Fargo & Company upped their target price on shares of GE Vernova from $697.00 to $717.00 and gave the stock an “overweight” rating in a research note on Friday, October 24th. Redburn Partners set a $475.00 target price on GE Vernova in a report on Wednesday, October 15th. UBS Group set a $710.00 price target on GE Vernova in a research note on Thursday, October 23rd. Finally, Barclays upped their price objective on GE Vernova from $706.00 to $710.00 and gave the stock an “overweight” rating in a research report on Thursday, October 23rd. Four investment analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average 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.