GE Vernova Inc. $GEV Stock Position Increased by Arkadios Wealth Advisors

Arkadios Wealth Advisors increased its stake in GE Vernova Inc. (NYSE:GEV) by 154.9% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 6,327 shares of the company’s stock after acquiring an additional 3,845 shares during the quarter. Arkadios Wealth Advisors’ holdings in GE Vernova were worth $3,348,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. WFA Asset Management Corp acquired a new position in shares of GE Vernova in the 2nd quarter worth $29,000. Highline Wealth Partners LLC grew its holdings 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 acquiring an additional 18 shares during the last quarter. Raleigh Capital Management Inc. acquired a new position in shares of GE Vernova in the 2nd quarter worth $37,000. Advantage Trust Co acquired a new position in shares of GE Vernova in the 2nd quarter worth $40,000. Finally, Solstein Capital LLC acquired a new position in shares of GE Vernova in the 2nd quarter worth $44,000.

GE Vernova Price Performance

NYSE:GEV opened at $577.44 on Thursday. GE Vernova Inc. has a fifty-two week low of $252.25 and a fifty-two week high of $677.29. The stock’s 50-day moving average is $609.33 and its two-hundred day moving average is $537.88. The stock has a market cap of $156.67 billion, a PE ratio of 94.05, a price-to-earnings-growth ratio of 4.12 and a beta of 1.72.

GE Vernova (NYSE:GEV) last issued its earnings results 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 net margin of 4.52% and a return on equity of 17.07%. The firm had revenue of $9.97 billion during the quarter, compared to analysts’ expectations of $9.15 billion. During the same quarter last year, the firm earned ($0.35) EPS. The business’s revenue for the quarter was up 11.8% compared to the same quarter last year. GE Vernova has set its FY 2025 guidance at EPS. On average, equities research analysts anticipate that GE Vernova Inc. will post 6.59 earnings per share for the current 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 $0.25 dividend. 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 16.29%.

Insider Buying and Selling

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 stock was sold at an average price of $620.00, for a total value of $2,046,000.00. Following the transaction, the chief financial officer owned 7,590 shares in the company, valued at $4,705,800. The trade was a 30.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.15% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Cowen restated a “buy” rating on shares of GE Vernova in a report on Thursday, October 23rd. TD Cowen decreased their target price on GE Vernova from $685.00 to $680.00 and set a “buy” rating on the stock in a report on Thursday, October 23rd. Seaport Res Ptn upgraded GE Vernova to a “strong-buy” rating in a report on Thursday, July 10th. HSBC upped their price target on GE Vernova from $570.00 to $580.00 and gave the company a “hold” rating in a research report on Friday, September 5th. Finally, BMO Capital Markets increased their price objective on GE Vernova from $690.00 to $710.00 and gave the stock an “outperform” rating in a research note on Thursday, October 23rd. Four research 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 given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $607.07.

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.