Diligent Investors LLC Makes New $278,000 Investment in GE Vernova Inc. $GEV

Diligent Investors LLC bought a new stake in GE Vernova Inc. (NYSE:GEV) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm bought 526 shares of the company’s stock, valued at approximately $278,000.

A number of other institutional investors also recently modified their holdings of GEV. Brighton Jones LLC boosted its stake in GE Vernova by 29.4% in the fourth quarter. Brighton Jones LLC now owns 3,315 shares of the company’s stock valued at $1,091,000 after buying an additional 753 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of GE Vernova by 65.4% in the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 574 shares of the company’s stock worth $175,000 after acquiring an additional 227 shares during the last quarter. IAM Advisory LLC bought a new position in shares of GE Vernova in the first quarter worth about $582,000. Radnor Capital Management LLC boosted its stake in shares of GE Vernova by 0.4% in the 1st quarter. Radnor Capital Management LLC now owns 16,309 shares of the company’s stock valued at $4,979,000 after purchasing an additional 66 shares in the last quarter. Finally, Gateway Investment Advisers LLC grew its holdings in shares of GE Vernova by 181.8% during the 1st quarter. Gateway Investment Advisers LLC now owns 46,710 shares of the company’s stock valued at $14,260,000 after purchasing an additional 30,135 shares during the last quarter.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Melius Research set a $740.00 price objective on shares of GE Vernova and gave the company a “buy” rating in a research note on Monday, September 15th. Wall Street Zen downgraded shares of GE Vernova from a “buy” rating to a “hold” rating in a report on Saturday, July 26th. Barclays raised their price objective on GE Vernova from $580.00 to $706.00 and gave the company an “overweight” rating in a report on Thursday, July 24th. Melius upgraded GE Vernova from a “hold” rating to a “buy” rating and set a $740.00 price objective on the stock in a research report on Monday, September 15th. Finally, Robert W. Baird increased their target price on GE Vernova from $568.00 to $706.00 and gave the company an “outperform” rating in a research report on Thursday, July 24th. Four investment analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat, GE Vernova currently has an average rating of “Moderate Buy” and an average target price of $598.50.

GE Vernova Stock Down 1.8%

NYSE GEV opened at $595.07 on Friday. The company has a market capitalization of $161.99 billion, a price-to-earnings ratio of 143.39, a PEG ratio of 4.34 and a beta of 1.72. GE Vernova Inc. has a twelve month low of $252.25 and a twelve month high of $677.29. The stock has a fifty day simple moving average of $623.21 and a 200 day simple moving average of $500.03.

GE Vernova (NYSE:GEV) last released its quarterly earnings results on Wednesday, July 23rd. The company reported $1.86 EPS for the quarter, beating analysts’ consensus estimates of $1.63 by $0.23. The firm 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 business’s revenue was up 11.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $4.65 EPS. GE Vernova has set its FY 2025 guidance at EPS. Research analysts expect that GE Vernova Inc. will post 6.59 earnings per share for the current fiscal year.

GE Vernova Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 17th. Shareholders of record on Monday, October 20th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend is Monday, October 20th. GE Vernova’s dividend payout ratio is currently 24.10%.

Insider Transactions at GE Vernova

In other news, CFO Kenneth Scott Parks sold 3,300 shares of the business’s stock in a transaction that occurred 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 owned 7,590 shares in the company, valued at approximately $4,705,800. The trade was a 30.30% decrease in their position. The sale 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 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.