GE Vernova Inc. $GEV Shares Sold by Clarity Financial LLC

Clarity Financial LLC lowered its position in GE Vernova Inc. (NYSE:GEV) by 0.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,390 shares of the company’s stock after selling 313 shares during the quarter. GE Vernova accounts for approximately 2.6% of Clarity Financial LLC’s holdings, making the stock its 14th biggest holding. Clarity Financial LLC’s holdings in GE Vernova were worth $24,547,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Highline Wealth Partners LLC increased its position in shares of GE Vernova by 34.6% in the 2nd quarter. Highline Wealth Partners LLC now owns 70 shares of the company’s stock worth $37,000 after purchasing an additional 18 shares during the last quarter. Atlas Brown Inc. increased its position in shares of GE Vernova by 0.8% in the 2nd quarter. Atlas Brown Inc. now owns 2,496 shares of the company’s stock worth $1,321,000 after purchasing an additional 19 shares during the last quarter. Physician Wealth Advisors Inc. increased its position in shares of GE Vernova by 9.0% in the 2nd quarter. Physician Wealth Advisors Inc. now owns 241 shares of the company’s stock worth $128,000 after purchasing an additional 20 shares during the last quarter. West Branch Capital LLC increased its position in shares of GE Vernova by 25.6% in the 2nd quarter. West Branch Capital LLC now owns 98 shares of the company’s stock worth $52,000 after purchasing an additional 20 shares during the last quarter. Finally, Grove Bank & Trust increased its position in shares of GE Vernova by 16.0% in the 2nd quarter. Grove Bank & Trust now owns 167 shares of the company’s stock worth $88,000 after purchasing an additional 23 shares during the last quarter.

GE Vernova Stock Down 1.3%

Shares of NYSE:GEV opened at $606.97 on Thursday. The firm has a 50-day simple moving average of $624.54 and a 200 day simple moving average of $495.09. The company has a market cap of $165.23 billion, a PE ratio of 146.26, a P/E/G ratio of 4.48 and a beta of 1.74. GE Vernova Inc. has a fifty-two week low of $248.50 and a fifty-two week high of $677.29.

GE Vernova (NYSE:GEV) last posted its earnings results on Wednesday, July 23rd. The company reported $1.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.63 by $0.23. The firm had revenue of $9.11 billion during 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%. GE Vernova’s revenue was up 11.1% on a year-over-year basis. During the same period in the previous year, the business posted $4.65 EPS. GE Vernova has set its FY 2025 guidance at EPS. As a group, research analysts forecast that GE Vernova Inc. will post 6.59 EPS for the current fiscal year.

GE Vernova Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 17th. Shareholders of record on Monday, October 20th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend is Monday, October 20th. GE Vernova’s payout ratio is presently 24.10%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on GEV shares. UBS Group started coverage on shares of GE Vernova in a research report on Monday, July 7th. They issued a “buy” rating and a $614.00 target price for the company. Mizuho downgraded shares of GE Vernova from an “outperform” rating to a “neutral” rating and set a $670.00 target price for the company. in a research report on Monday, July 28th. Wolfe Research downgraded shares of GE Vernova from an “outperform” rating to a “peer perform” rating in a research report on Friday, June 13th. Royal Bank Of Canada set a $605.00 price objective on shares of GE Vernova and gave the company a “sector perform” rating in a research report on Wednesday. Finally, JPMorgan Chase & Co. boosted their price objective on shares of GE Vernova from $620.00 to $715.00 and gave the company an “overweight” rating in a research report on Thursday, July 24th. Four research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $598.50.

Insider Transactions at GE Vernova

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

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.