Berger Financial Group Inc Acquires 101 Shares of GE Vernova Inc. $GEV

Berger Financial Group Inc increased its holdings in GE Vernova Inc. (NYSE:GEV) by 11.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 989 shares of the company’s stock after buying an additional 101 shares during the period. Berger Financial Group Inc’s holdings in GE Vernova were worth $523,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Highline Wealth Partners LLC lifted its position in shares of GE Vernova by 34.6% during the 2nd quarter. Highline Wealth Partners LLC now owns 70 shares of the company’s stock valued at $37,000 after acquiring an additional 18 shares during the period. Raleigh Capital Management Inc. acquired a new position in GE Vernova in the second quarter valued at about $37,000. IMA Advisory Services Inc. bought a new stake in GE Vernova during the first quarter worth about $27,000. EQ Wealth Advisors LLC acquired a new stake in GE Vernova during the first quarter worth about $27,000. Finally, West Branch Capital LLC increased 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 buying an additional 20 shares during the period.

Analyst Ratings Changes

A number of analysts have recently weighed in on GEV shares. BMO Capital Markets upped their price target on shares of GE Vernova from $590.00 to $690.00 and gave the stock an “outperform” rating in a report on Thursday, July 24th. Wolfe Research downgraded shares of GE Vernova from an “outperform” rating to a “peer perform” rating in a research report on Friday, June 13th. Bank of America raised their target price on GE Vernova from $550.00 to $620.00 and gave the company a “buy” rating in a report on Thursday, July 17th. JPMorgan Chase & Co. boosted their price target on GE Vernova from $620.00 to $715.00 and gave the stock an “overweight” rating in a report on Thursday, July 24th. Finally, The Goldman Sachs Group upped their price objective on GE Vernova from $500.00 to $570.00 and gave the stock a “buy” rating in a research report on Tuesday, June 10th. Four equities research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $598.50.

GE Vernova Stock Down 1.8%

Shares of GEV opened at $595.07 on Monday. The stock has a market cap of $161.99 billion, a PE ratio of 143.39, a PEG ratio of 4.33 and a beta of 1.72. GE Vernova Inc. has a 12-month low of $252.25 and a 12-month high of $677.29. The business has a 50-day simple moving average of $623.21 and a two-hundred day simple moving average of $501.17.

GE Vernova (NYSE:GEV) last released its quarterly earnings results on Wednesday, July 23rd. The company reported $1.86 earnings per share for the quarter, topping the consensus estimate of $1.63 by $0.23. GE Vernova had a return on equity of 13.23% and a net margin of 3.16%.The company had revenue of $9.11 billion for the quarter, compared to analysts’ expectations of $8.78 billion. During the same period in the previous year, the business posted $4.65 earnings per share. The business’s quarterly revenue was up 11.1% compared to the same quarter last year. GE Vernova has set its FY 2025 guidance at EPS. On average, equities research analysts expect that GE Vernova Inc. will post 6.59 EPS for the current year.

GE Vernova Dividend Announcement

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

Insider Activity

In other 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 transaction 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.15% of the company’s stock.

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.