Exencial Wealth Advisors LLC Trims Stock Holdings in GE Vernova Inc. $GEV

Exencial Wealth Advisors LLC reduced its stake in GE Vernova Inc. (NYSE:GEV) by 3.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 761 shares of the company’s stock after selling 26 shares during the period. Exencial Wealth Advisors LLC’s holdings in GE Vernova were worth $403,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of GEV. IMA Advisory Services Inc. purchased a new stake in GE Vernova in the 1st quarter valued at about $27,000. Mowery & Schoenfeld Wealth Management LLC raised its holdings in GE Vernova by 115.2% in the 1st quarter. Mowery & Schoenfeld Wealth Management LLC now owns 99 shares of the company’s stock valued at $30,000 after buying an additional 53 shares during the period. 1248 Management LLC purchased a new stake in GE Vernova in the 1st quarter valued at about $31,000. Saudi Central Bank purchased a new stake in GE Vernova in the 1st quarter valued at about $33,000. Finally, Ransom Advisory Ltd purchased a new stake in GE Vernova in the 1st quarter valued at about $33,000.

Insider Activity at GE Vernova

In other news, CFO Kenneth Scott Parks sold 3,300 shares of the business’s stock in a transaction dated 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 completion of the transaction, the chief financial officer directly owned 7,590 shares of the company’s stock, valued at approximately $4,705,800. The trade was a 30.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.15% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on GEV. Glj Research lifted their target price on GE Vernova from $702.00 to $758.00 and gave the company a “buy” rating in a research report on Wednesday, October 15th. TD Cowen dropped their target price on GE Vernova from $685.00 to $680.00 and set a “buy” rating for the company in a research report on Thursday. Robert W. Baird lifted their target price on GE Vernova from $568.00 to $706.00 and gave the company an “outperform” rating in a research report on Thursday, July 24th. Cowen reaffirmed a “buy” rating on shares of GE Vernova in a research report on Thursday. Finally, Mizuho dropped their target price on GE Vernova from $677.00 to $660.00 and set a “neutral” rating for the company in a research report on Friday. Four analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $607.59.

GE Vernova Stock Performance

Shares of GE Vernova stock opened at $584.68 on Friday. GE Vernova Inc. has a one year low of $252.25 and a one year high of $677.29. The company has a market cap of $158.64 billion, a PE ratio of 95.23, a P/E/G ratio of 4.30 and a beta of 1.72. The business has a 50-day simple moving average of $611.31 and a 200-day simple moving average of $529.36.

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

GE Vernova Dividend Announcement

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 given a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, October 20th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.2%. GE Vernova’s payout ratio is currently 24.10%.

About GE Vernova

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.