6,105 Shares in GE Vernova Inc. $GEV Bought by Eagle Strategies LLC

Eagle Strategies LLC acquired a new position in shares of GE Vernova Inc. (NYSE:GEV) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 6,105 shares of the company’s stock, valued at approximately $3,230,000.

Several other hedge funds and other institutional investors have also modified their holdings of GEV. Brighton Jones LLC raised its holdings in 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 buying an additional 753 shares in the last quarter. First Citizens Bank & Trust Co. raised its holdings in GE Vernova by 1.6% during the first quarter. First Citizens Bank & Trust Co. now owns 3,007 shares of the company’s stock valued at $918,000 after buying an additional 48 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in GE Vernova by 13.0% during the first quarter. Farther Finance Advisors LLC now owns 4,113 shares of the company’s stock valued at $1,298,000 after buying an additional 473 shares in the last quarter. Wealthcare Advisory Partners LLC raised its holdings in GE Vernova by 2.6% during the first quarter. Wealthcare Advisory Partners LLC now owns 3,298 shares of the company’s stock valued at $1,007,000 after buying an additional 83 shares in the last quarter. Finally, GAMMA Investing LLC raised its holdings in GE Vernova by 8.4% during the first quarter. GAMMA Investing LLC now owns 7,015 shares of the company’s stock valued at $2,142,000 after buying an additional 542 shares in the last quarter.

GE Vernova Trading Up 3.2%

NYSE:GEV opened at $625.47 on Thursday. GE Vernova Inc. has a 1 year low of $252.25 and a 1 year high of $677.29. The firm has a 50 day moving average of $621.18 and a 200-day moving average of $504.60. The stock has a market capitalization of $170.27 billion, a P/E ratio of 150.72, a price-to-earnings-growth ratio of 4.41 and a beta of 1.72.

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

GE Vernova Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 17th. Investors 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 payout ratio is 24.10%.

Insiders Place Their Bets

In related 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 completion of the transaction, the chief financial officer owned 7,590 shares in the company, valued at $4,705,800. The trade was a 30.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.15% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research firms have weighed in on GEV. Barclays raised their target price on GE Vernova from $580.00 to $706.00 and gave the company an “overweight” rating in a report on Thursday, July 24th. Mizuho lowered GE Vernova from an “outperform” rating to a “neutral” rating and set a $670.00 target price on the stock. in a report on Monday, July 28th. Melius Research set a $740.00 target price on GE Vernova and gave the company a “buy” rating in a report on Monday, September 15th. JPMorgan Chase & Co. raised their price target on GE Vernova from $620.00 to $715.00 and gave the company an “overweight” rating in a research report on Thursday, July 24th. Finally, BMO Capital Markets raised their price target on GE Vernova from $590.00 to $690.00 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 issued a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $598.50.

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.