Vigilare Wealth Management Purchases 2,563 Shares of GE Vernova Inc. $GEV

Vigilare Wealth Management raised its position in GE Vernova Inc. (NYSE:GEV) by 258.4% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 3,555 shares of the company’s stock after acquiring an additional 2,563 shares during the period. Vigilare Wealth Management’s holdings in GE Vernova were worth $1,881,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Highline Wealth Partners LLC boosted 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 purchasing an additional 18 shares in the last quarter. Atlas Brown Inc. lifted its stake 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 valued at $1,321,000 after acquiring an additional 19 shares during the last quarter. Physician Wealth Advisors Inc. grew its position in GE Vernova by 9.0% during the 2nd quarter. Physician Wealth Advisors Inc. now owns 241 shares of the company’s stock worth $128,000 after acquiring an additional 20 shares during the last quarter. West Branch Capital LLC grew its position in GE Vernova by 25.6% during the 2nd quarter. West Branch Capital LLC now owns 98 shares of the company’s stock worth $52,000 after acquiring an additional 20 shares during the last quarter. Finally, Grove Bank & Trust grew its position in GE Vernova by 16.0% during the 2nd quarter. Grove Bank & Trust now owns 167 shares of the company’s stock worth $88,000 after acquiring an additional 23 shares during the last quarter.

Wall Street Analyst Weigh In

Several research firms recently issued reports on GEV. Susquehanna raised their price target on GE Vernova from $662.00 to $736.00 and gave the stock a “positive” rating in a research report on Thursday, July 24th. Wells Fargo & Company raised their price target on GE Vernova from $474.00 to $697.00 and gave the stock an “overweight” rating in a research report on Thursday, July 24th. Bank of America raised their price target on GE Vernova from $550.00 to $620.00 and gave the stock a “buy” rating in a research report on Thursday, July 17th. The Goldman Sachs Group raised their price target on GE Vernova from $500.00 to $570.00 and gave the stock a “buy” rating in a research report on Tuesday, June 10th. Finally, Glj Research began coverage on GE Vernova in a research report on Monday, June 23rd. They set a “buy” rating on the stock. Four investment analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat.com, GE Vernova has an average rating of “Moderate Buy” and an average price target of $598.50.

Insider Activity at GE Vernova

In other GE Vernova news, CFO Kenneth Scott Parks sold 3,300 shares of GE Vernova stock in a transaction on 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 completion of the sale, the chief financial officer owned 7,590 shares of the company’s stock, valued at approximately $4,705,800. This trade represents a 30.30% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.15% of the company’s stock.

GE Vernova Stock Up 2.0%

GEV opened at $614.57 on Wednesday. The stock has a market cap of $167.30 billion, a PE ratio of 148.09, a PEG ratio of 4.39 and a beta of 1.87. The business has a 50 day moving average of $625.00 and a 200-day moving average of $494.32. GE Vernova Inc. has a 52 week low of $248.50 and a 52 week high of $677.29.

GE Vernova (NYSE:GEV) last announced its quarterly earnings data 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 business had revenue of $9.11 billion during the quarter, compared to analysts’ expectations of $8.78 billion. GE Vernova had a return on equity of 13.23% and a net margin of 3.16%.The firm’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $4.65 earnings per share. GE Vernova has set its FY 2025 guidance at EPS. Equities analysts anticipate that GE Vernova Inc. will post 6.59 EPS for the current year.

GE Vernova Announces Dividend

The firm 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 $0.25 dividend. The ex-dividend date of this dividend is Monday, October 20th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.2%. GE Vernova’s dividend payout ratio (DPR) 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.