GE Vernova Inc. $GEV Shares Purchased by Pinnacle Wealth Planning Services Inc.

Pinnacle Wealth Planning Services Inc. increased its holdings in shares of GE Vernova Inc. (NYSE:GEV) by 40.5% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 1,442 shares of the company’s stock after purchasing an additional 416 shares during the period. Pinnacle Wealth Planning Services Inc.’s holdings in GE Vernova were worth $763,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Sachetta LLC grew its stake in shares of GE Vernova by 10.7% during the second quarter. Sachetta LLC now owns 165 shares of the company’s stock worth $87,000 after acquiring an additional 16 shares during the last quarter. Good Life Advisors LLC raised its position in shares of GE Vernova by 1.0% in the 2nd quarter. Good Life Advisors LLC now owns 1,654 shares of the company’s stock valued at $875,000 after purchasing an additional 16 shares during the last quarter. Bell Investment Advisors Inc boosted its stake in GE Vernova by 6.7% in the 2nd quarter. Bell Investment Advisors Inc now owns 256 shares of the company’s stock worth $135,000 after purchasing an additional 16 shares in the last quarter. AMG National Trust Bank grew its position in GE Vernova by 1.5% during the 2nd quarter. AMG National Trust Bank now owns 1,145 shares of the company’s stock worth $606,000 after purchasing an additional 17 shares during the last quarter. Finally, Highline Wealth Partners LLC increased its stake in GE Vernova by 34.6% during the 2nd quarter. Highline Wealth Partners LLC now owns 70 shares of the company’s stock valued at $37,000 after purchasing an additional 18 shares in the last quarter.

Insider Activity at GE Vernova

In other news, CFO Kenneth Scott Parks sold 3,300 shares of the company’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 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 $4,705,800. This represents a 30.30% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 0.15% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have recently commented on GEV shares. Wells Fargo & Company lifted their price objective 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. Wall Street Zen downgraded GE Vernova from a “buy” rating to a “hold” rating in a research report on Saturday, July 26th. JPMorgan Chase & Co. lifted their price target on GE Vernova from $715.00 to $740.00 and gave the stock an “overweight” rating in a research report on Thursday, October 23rd. Redburn Partners set a $475.00 price target on GE Vernova in a research note on Wednesday, October 15th. Finally, Melius raised GE Vernova from a “hold” rating to a “buy” rating and set a $740.00 price objective on the stock in a report on Monday, September 15th. Four investment 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 stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $607.81.

GE Vernova Price Performance

GEV opened at $576.48 on Tuesday. The firm has a fifty day moving average price of $600.40 and a 200 day moving average price of $559.92. The stock has a market cap of $156.41 billion, a P/E ratio of 93.89, a P/E/G ratio of 4.30 and a beta of 1.69. GE Vernova Inc. has a 1 year low of $252.25 and a 1 year high of $677.29.

GE Vernova (NYSE:GEV) last posted 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). GE Vernova had a return on equity of 17.07% and a net margin of 4.52%.The firm had revenue of $9.97 billion for the quarter, compared to analysts’ expectations of $9.15 billion. During the same period in the previous year, the company earned ($0.35) earnings per share. The company’s revenue was up 11.8% compared to the same quarter last year. GE Vernova has set its FY 2025 guidance at EPS. Equities 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 was paid on Monday, November 17th. Shareholders of record on Monday, October 20th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend was Monday, October 20th. GE Vernova’s dividend payout ratio (DPR) is presently 16.29%.

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.