389 Shares in GE Vernova Inc. $GEV Acquired by Symmetry Partners LLC

Symmetry Partners LLC acquired a new stake in GE Vernova Inc. (NYSE:GEV) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 389 shares of the company’s stock, valued at approximately $206,000.

Several other hedge funds also recently added to or reduced their stakes in GEV. Highline Wealth Partners LLC boosted its stake in shares of GE Vernova by 34.6% in the second quarter. Highline Wealth Partners LLC now owns 70 shares of the company’s stock valued at $37,000 after purchasing an additional 18 shares during the period. Atlas Brown Inc. lifted its position in GE Vernova by 0.8% in the 2nd quarter. Atlas Brown Inc. now owns 2,496 shares of the company’s stock worth $1,321,000 after buying an additional 19 shares in the last quarter. Physician Wealth Advisors Inc. lifted its position in shares of GE Vernova by 9.0% in the second quarter. Physician Wealth Advisors Inc. now owns 241 shares of the company’s stock worth $128,000 after buying an additional 20 shares during the last quarter. West Branch Capital LLC boosted its holdings in GE Vernova by 25.6% in the 2nd quarter. West Branch Capital LLC now owns 98 shares of the company’s stock valued at $52,000 after purchasing an additional 20 shares during the period. Finally, Grove Bank & Trust grew its holdings in shares of GE Vernova by 16.0% in the 2nd quarter. Grove Bank & Trust now owns 167 shares of the company’s stock worth $88,000 after purchasing an additional 23 shares during the last quarter.

Insider Activity

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 shares were sold at an average price of $620.00, for a total value of $2,046,000.00. Following the transaction, the chief financial officer directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.15% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

GEV has been the subject of several recent research reports. Morgan Stanley boosted their price objective on GE Vernova from $511.00 to $675.00 and gave the stock an “overweight” rating in a report on Thursday, July 24th. Glj Research assumed coverage on GE Vernova in a research report on Monday, June 23rd. They set a “buy” rating for the company. Barclays lifted their target price on GE Vernova from $580.00 to $706.00 and gave the company an “overweight” rating in a research report on Thursday, July 24th. BMO Capital Markets upped their price objective on GE Vernova from $590.00 to $690.00 and gave the stock an “outperform” rating in a research note on Thursday, July 24th. Finally, Robert W. Baird increased their price target on shares of GE Vernova from $568.00 to $706.00 and gave the company an “outperform” rating in a research note on Thursday, July 24th. Four equities research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $592.35.

GE Vernova Price Performance

Shares of NYSE GEV opened at $605.21 on Friday. GE Vernova Inc. has a 1 year low of $248.50 and a 1 year high of $677.29. The firm has a market cap of $164.75 billion, a PE ratio of 145.83, a price-to-earnings-growth ratio of 4.41 and a beta of 1.87. The company has a 50 day simple moving average of $622.99 and a 200 day simple moving average of $490.14.

GE Vernova (NYSE:GEV) last issued its quarterly 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 during the quarter, compared to the consensus estimate of $8.78 billion. During the same period last year, the business posted $4.65 EPS. The business’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, research analysts anticipate that GE Vernova Inc. will post 6.59 earnings per share for the current fiscal year.

GE Vernova Announces Dividend

The company also recently disclosed 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 annualized dividend and a yield of 0.2%. GE Vernova’s dividend payout ratio (DPR) is 24.10%.

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.