GE Vernova Inc. $GEV Shares Sold by Newman Dignan & Sheerar Inc.

Newman Dignan & Sheerar Inc. lowered its position in shares of GE Vernova Inc. (NYSE:GEV) by 10.8% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 720 shares of the company’s stock after selling 87 shares during the period. Newman Dignan & Sheerar Inc.’s holdings in GE Vernova were worth $381,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in GEV. Highline Wealth Partners LLC lifted its holdings in 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 buying an additional 18 shares in the last quarter. Raleigh Capital Management Inc. purchased a new stake in shares of GE Vernova during the second quarter worth about $37,000. IMA Advisory Services Inc. acquired a new position in shares of GE Vernova in the first quarter worth about $27,000. EQ Wealth Advisors LLC purchased a new position in GE Vernova in the first quarter valued at about $27,000. Finally, West Branch Capital LLC grew its stake in GE Vernova by 25.6% during the 2nd quarter. West Branch Capital LLC now owns 98 shares of the company’s stock valued at $52,000 after purchasing an additional 20 shares in the last quarter.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on GEV shares. Barclays increased their target price on GE Vernova from $580.00 to $706.00 and gave the company an “overweight” rating in a research note on Thursday, July 24th. HSBC increased their price objective 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. 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. Wall Street Zen lowered shares of GE Vernova from a “buy” rating to a “hold” rating in a research note on Saturday, July 26th. Finally, Glj Research began coverage on GE Vernova in a research note on Monday, June 23rd. They issued a “buy” rating for the company. Four research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat.com, GE Vernova has an average rating of “Moderate Buy” and a consensus price target of $598.50.

GE Vernova Stock Performance

GE Vernova stock opened at $606.97 on Thursday. GE Vernova Inc. has a 1 year low of $248.50 and a 1 year high of $677.29. The firm’s 50-day moving average is $624.54 and its 200-day moving average is $495.09. The company has a market cap of $165.23 billion, a P/E ratio of 146.26, a PEG ratio of 4.48 and a beta of 1.74.

GE Vernova (NYSE:GEV) last announced its quarterly earnings data on Wednesday, July 23rd. The company reported $1.86 earnings per share for the quarter, beating analysts’ consensus estimates of $1.63 by $0.23. GE Vernova had a net margin of 3.16% and a return on equity of 13.23%. The business had revenue of $9.11 billion during the quarter, compared to the consensus estimate of $8.78 billion. During the same quarter in the prior year, the firm earned $4.65 EPS. The company’s revenue for the quarter was up 11.1% compared to the same quarter last year. GE Vernova has set its FY 2025 guidance at EPS. As a group, sell-side analysts predict that GE Vernova Inc. will post 6.59 earnings per share for the current year.

GE Vernova Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 17th. Investors of record on Monday, October 20th will be given 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 yield of 0.2%. GE Vernova’s payout ratio is currently 24.10%.

Insider Transactions at GE Vernova

In related news, CFO Kenneth Scott Parks sold 3,300 shares of the company’s stock in a transaction 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 in the company, valued at $4,705,800. This represents a 30.30% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.15% of the stock is owned by corporate 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.