Northwest Wealth Management LLC Takes $238,000 Position in GE Vernova Inc. $GEV

Northwest Wealth Management LLC acquired a new stake in GE Vernova Inc. (NYSE:GEV) during the 2nd quarter, HoldingsChannel.com reports. The fund acquired 449 shares of the company’s stock, valued at approximately $238,000.

Other hedge funds have also modified their holdings of the company. Brighton Jones LLC raised its position in GE Vernova by 29.4% in the 4th 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 in the last quarter. First Hawaiian Bank acquired a new stake in GE Vernova in the first quarter valued at approximately $341,000. Rhumbline Advisers raised its holdings in GE Vernova by 3.9% in the first quarter. Rhumbline Advisers now owns 485,232 shares of the company’s stock valued at $148,132,000 after acquiring an additional 18,369 shares in the last quarter. Mechanics Bank Trust Department raised its holdings in GE Vernova by 23.8% in the first quarter. Mechanics Bank Trust Department now owns 1,511 shares of the company’s stock valued at $461,000 after acquiring an additional 290 shares in the last quarter. Finally, 180 Wealth Advisors LLC raised its holdings in GE Vernova by 9.3% in the first quarter. 180 Wealth Advisors LLC now owns 1,760 shares of the company’s stock valued at $537,000 after acquiring an additional 150 shares in the last quarter.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Melius upgraded shares of GE Vernova from a “hold” rating to a “buy” rating and set a $740.00 price objective on the stock in a report on Monday, September 15th. Susquehanna raised their price objective on shares of GE Vernova from $662.00 to $736.00 and gave the company a “positive” rating in a report on Thursday, July 24th. Royal Bank Of Canada restated an “outperform” rating on shares of GE Vernova in a research note on Thursday, July 24th. HSBC raised their price target on GE Vernova from $570.00 to $580.00 and gave the company a “hold” rating in a research note on Friday, September 5th. Finally, UBS Group began coverage on GE Vernova in a research report on Monday, July 7th. They set a “buy” rating and a $614.00 target price on the stock. Four equities research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $592.35.

Insider Buying and Selling

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 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 approximately $4,705,800. The trade was a 30.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.15% of the company’s stock.

GE Vernova Stock Performance

GEV opened at $600.66 on Tuesday. The business’s 50-day simple moving average is $623.69 and its 200-day simple moving average is $493.48. GE Vernova Inc. has a one year low of $248.50 and a one year high of $677.29. The stock has a market capitalization of $163.51 billion, a P/E ratio of 144.74, a price-to-earnings-growth ratio of 4.41 and a beta of 1.88.

GE Vernova (NYSE:GEV) last released its quarterly earnings results on Wednesday, July 23rd. The company reported $1.86 EPS for the quarter, topping the consensus estimate of $1.63 by $0.23. The company had revenue of $9.11 billion for 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%.The firm’s revenue was up 11.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.65 earnings per share. GE Vernova has set its FY 2025 guidance at EPS. On average, equities research analysts forecast that GE Vernova Inc. will post 6.59 EPS for the current fiscal year.

GE Vernova Announces Dividend

The firm 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 dividend on an annualized basis and a yield of 0.2%. GE Vernova’s payout ratio is currently 24.10%.

GE Vernova Company 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.