TRUE Private Wealth Advisors Invests $206,000 in GE Vernova Inc. $GEV

TRUE Private Wealth Advisors bought a new stake in GE Vernova Inc. (NYSE:GEV) in the second quarter, HoldingsChannel.com reports. The institutional investor bought 390 shares of the company’s stock, valued at approximately $206,000.

Other institutional investors have also made changes to their positions in the company. IMA Advisory Services Inc. acquired a new stake in GE Vernova in the 1st quarter valued at about $27,000. WFA Asset Management Corp bought a new position in GE Vernova in the 2nd quarter worth approximately $29,000. 1248 Management LLC acquired a new position in GE Vernova during the 1st quarter worth $31,000. Saudi Central Bank bought a new position in GE Vernova in the 1st quarter valued at $33,000. Finally, Ransom Advisory Ltd bought a new position in GE Vernova in the 1st quarter valued at $33,000.

Insider Activity at GE Vernova

In other 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 owned 7,590 shares in the company, 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 currently owned by corporate insiders.

GE Vernova Price Performance

Shares of NYSE:GEV opened at $596.14 on Thursday. The firm’s 50 day simple moving average is $598.44 and its 200 day simple moving average is $561.28. GE Vernova Inc. has a fifty-two week low of $252.25 and a fifty-two week high of $677.29. The company has a market capitalization of $161.74 billion, a price-to-earnings ratio of 97.09, a P/E/G ratio of 4.13 and a beta of 1.68.

GE Vernova (NYSE:GEV) last issued its earnings results on Wednesday, October 22nd. The company reported $1.64 EPS for the quarter, missing the consensus estimate of $1.72 by ($0.08). The firm had revenue of $9.97 billion during the quarter, compared to the consensus estimate of $9.15 billion. GE Vernova had a net margin of 4.52% and a return on equity of 17.07%. The firm’s revenue for the quarter was up 11.8% on a year-over-year basis. During the same period in the previous year, the company posted ($0.35) EPS. GE Vernova has set its FY 2025 guidance at EPS. Equities research analysts expect that GE Vernova Inc. will post 6.59 earnings per share for the current year.

GE Vernova Dividend Announcement

The firm also recently declared 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 dividend yield of 0.2%. The ex-dividend date was Monday, October 20th. GE Vernova’s dividend payout ratio is 16.29%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Melius Research set a $740.00 target price on GE Vernova and gave the stock a “buy” rating in a research report on Monday, September 15th. Wall Street Zen cut GE Vernova from a “buy” rating to a “hold” rating in a report on Saturday, July 26th. Glj Research raised their target price on shares of GE Vernova from $702.00 to $758.00 and gave the company a “buy” rating in a research note on Wednesday, October 15th. Melius upgraded shares of GE Vernova from a “hold” rating to a “buy” rating and set a $740.00 price target for the company in a research report on Monday, September 15th. Finally, Royal Bank Of Canada increased their price objective on shares of GE Vernova from $605.00 to $630.00 and gave the company a “sector perform” rating in a report on Thursday, October 23rd. Four research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $607.81.

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.