Compass Ion Advisors LLC Buys New Position in GE Vernova Inc. $GEV

Compass Ion Advisors LLC bought a new stake in shares of GE Vernova Inc. (NYSE:GEV) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 569 shares of the company’s stock, valued at approximately $301,000.

Several other large investors have also bought and sold shares of the company. Brighton Jones LLC lifted its holdings in shares of GE Vernova by 29.4% during the fourth quarter. Brighton Jones LLC now owns 3,315 shares of the company’s stock valued at $1,091,000 after purchasing an additional 753 shares during the last quarter. American Assets Inc. purchased a new stake in shares of GE Vernova during the fourth quarter valued at $658,000. Woodline Partners LP purchased a new stake in GE Vernova in the 4th quarter worth about $5,445,000. Novem Group purchased a new stake in GE Vernova in the 4th quarter worth about $230,000. Finally, Vise Technologies Inc. raised its stake in shares of GE Vernova by 46.8% during the 4th quarter. Vise Technologies Inc. now owns 3,274 shares of the company’s stock worth $1,077,000 after purchasing an additional 1,044 shares in the last quarter.

GE Vernova Stock Performance

GEV stock opened at $624.61 on Friday. The company has a market capitalization of $170.03 billion, a P/E ratio of 150.51, a price-to-earnings-growth ratio of 4.55 and a beta of 1.87. GE Vernova Inc. has a 52-week low of $242.25 and a 52-week high of $677.29. The business has a 50-day simple moving average of $617.11 and a two-hundred day simple moving average of $478.45.

GE Vernova (NYSE:GEV) last announced its earnings results on Wednesday, July 23rd. The company reported $1.86 earnings per share for the quarter, topping analysts’ consensus estimates of $1.63 by $0.23. GE Vernova had a return on equity of 13.23% and a net margin of 3.16%.The firm had revenue of $9.11 billion for the quarter, compared to the consensus estimate of $8.78 billion. During the same quarter in the previous year, the business earned $4.65 EPS. The company’s revenue 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 forecast that GE Vernova Inc. will post 6.59 earnings per share for the current fiscal year.

GE Vernova Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, August 18th. Stockholders of record on Monday, July 21st were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date was Monday, July 21st. GE Vernova’s dividend payout ratio is currently 24.10%.

Insider Buying and Selling at GE Vernova

In related news, CFO Kenneth Scott Parks sold 3,300 shares of the stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $620.00, for a total value of $2,046,000.00. Following the completion of the transaction, the chief financial officer directly owned 7,590 shares of the company’s stock, valued at $4,705,800. This represents a 30.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.15% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on GEV shares. Susquehanna increased their price objective on GE Vernova from $662.00 to $736.00 and gave the company a “positive” rating in a report on Thursday, July 24th. Glj Research started coverage on GE Vernova in a research report on Monday, June 23rd. They set a “buy” rating for the company. BMO Capital Markets boosted their target price on GE Vernova from $590.00 to $690.00 and gave the company an “outperform” rating in a research note on Thursday, July 24th. Morgan Stanley boosted their target price on GE Vernova from $511.00 to $675.00 and gave the company an “overweight” rating in a research note on Thursday, July 24th. Finally, HSBC upped their price objective on GE Vernova from $570.00 to $580.00 and gave the stock a “hold” rating in a research report on Friday, September 5th. Four analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, GE Vernova currently has an average rating of “Moderate Buy” and a consensus price target of $592.35.

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.