MSH Capital Advisors LLC Invests $216,000 in GE Vernova Inc. $GEV

MSH Capital Advisors LLC acquired a new position in shares of GE Vernova Inc. (NYSE:GEV) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 408 shares of the company’s stock, valued at approximately $216,000.

Other institutional investors have also made changes to their positions in the company. EQ Wealth Advisors LLC bought a new stake in shares of GE Vernova in the first quarter valued at approximately $27,000. IMA Advisory Services Inc. bought a new stake in shares of GE Vernova in the first quarter valued at approximately $27,000. Mowery & Schoenfeld Wealth Management LLC boosted its stake in shares of GE Vernova by 115.2% in the first 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 bought a new stake in shares of GE Vernova in the first quarter valued at approximately $31,000. Finally, Saudi Central Bank bought a new stake in shares of GE Vernova in the first quarter valued at approximately $33,000.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on GEV. Seaport Res Ptn upgraded GE Vernova to a “strong-buy” rating in a research note on Thursday, July 10th. Melius Research set a $740.00 target price on GE Vernova and gave the stock a “buy” rating in a research note on Monday, September 15th. Jefferies Financial Group upped their target price on GE Vernova from $658.00 to $668.00 and gave the stock a “hold” rating in a research note on Friday, September 12th. Susquehanna upped their target price on GE Vernova from $662.00 to $736.00 and gave the stock a “positive” rating in a research note on Thursday, July 24th. Finally, TD Cowen upped their target price on GE Vernova from $390.00 to $685.00 and gave the stock a “buy” rating in a research note on Friday, July 25th. Four investment analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $598.50.

Insider Buying and Selling

In other GE Vernova news, CFO Kenneth Scott Parks sold 3,300 shares of GE Vernova 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 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.15% of the company’s stock.

GE Vernova Stock Performance

Shares of NYSE:GEV opened at $634.08 on Friday. The company has a fifty day moving average of $620.64 and a 200-day moving average of $506.61. The company has a market capitalization of $172.61 billion, a PE ratio of 152.79, a price-to-earnings-growth ratio of 4.55 and a beta of 1.72. GE Vernova Inc. has a 52-week low of $252.25 and a 52-week high of $677.29.

GE Vernova (NYSE:GEV) last announced its earnings results on Wednesday, July 23rd. The company reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.63 by $0.23. The business had revenue of $9.11 billion during the quarter, compared to analyst estimates of $8.78 billion. GE Vernova had a return on equity of 13.23% and a net margin of 3.16%.GE Vernova’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same period last year, the company earned $4.65 EPS. GE Vernova has set its FY 2025 guidance at EPS. On average, equities analysts forecast that GE Vernova Inc. will post 6.59 EPS for the current fiscal year.

GE Vernova Dividend Announcement

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

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.