D Orazio & Associates Inc. Makes New Investment in GE Vernova Inc. $GEV

D Orazio & Associates Inc. bought a new position in shares of GE Vernova Inc. (NYSE:GEV) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 465 shares of the company’s stock, valued at approximately $246,000.

A number of other large investors have also recently made changes to their positions in GEV. First Western Trust Bank increased its position in GE Vernova by 16.0% during the second quarter. First Western Trust Bank now owns 2,870 shares of the company’s stock worth $1,519,000 after buying an additional 395 shares during the period. ABN Amro Investment Solutions purchased a new position in shares of GE Vernova during the second quarter worth approximately $2,855,000. Cherokee Insurance Co purchased a new position in shares of GE Vernova during the second quarter worth approximately $347,000. Breed s Hill Capital LLC increased its holdings in shares of GE Vernova by 1.9% in the 2nd quarter. Breed s Hill Capital LLC now owns 1,120 shares of the company’s stock valued at $593,000 after acquiring an additional 21 shares during the period. Finally, Candriam S.C.A. raised its position in GE Vernova by 64.3% in the 2nd quarter. Candriam S.C.A. now owns 143,660 shares of the company’s stock valued at $76,021,000 after purchasing an additional 56,203 shares during the last quarter.

GE Vernova Stock Down 2.9%

Shares of NYSE:GEV opened at $558.62 on Friday. GE Vernova Inc. has a 52 week low of $252.25 and a 52 week high of $677.29. The company has a 50-day moving average price of $600.95 and a 200 day moving average price of $554.50. The company has a market cap of $151.56 billion, a P/E ratio of 90.98, a PEG ratio of 4.28 and a beta of 1.68.

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

GE Vernova Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 17th. Shareholders of record on Monday, October 20th will be given a $0.25 dividend. The ex-dividend date is 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%.

Insider Transactions at GE Vernova

In other GE Vernova news, CFO Kenneth Scott Parks sold 3,300 shares of the firm’s stock in a transaction 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.15% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Melius Research set a $740.00 price objective on shares of GE Vernova and gave the stock a “buy” rating in a research report on Monday, September 15th. Morgan Stanley increased their target price on shares of GE Vernova from $690.00 to $710.00 and gave the stock an “overweight” rating in a research note on Thursday, October 30th. Wells Fargo & Company boosted their price target on GE Vernova from $697.00 to $717.00 and gave the company an “overweight” rating in a research report on Friday, October 24th. JPMorgan Chase & Co. upped their price objective on GE Vernova from $715.00 to $740.00 and gave the company an “overweight” rating in a research note on Thursday, October 23rd. Finally, Barclays increased 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 analysts have rated the stock with a Strong Buy rating, nineteen have assigned 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 company presently has a consensus rating of “Moderate Buy” and a consensus target price of $607.81.

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.