Alpha Financial Partners LLC Takes Position in GE Vernova Inc. $GEV

Alpha Financial Partners LLC bought a new stake in GE Vernova Inc. (NYSE:GEV) in the second quarter, HoldingsChannel.com reports. The firm bought 435 shares of the company’s stock, valued at approximately $230,000.

Other institutional investors also recently modified their holdings of the company. Caitong International Asset Management Co. Ltd bought a new stake in shares of GE Vernova in the first quarter valued at about $912,000. Pines Wealth Management LLC bought a new stake in shares of GE Vernova in the second quarter valued at about $408,000. Resona Asset Management Co. Ltd. boosted its position in shares of GE Vernova by 8.2% in the first quarter. Resona Asset Management Co. Ltd. now owns 86,021 shares of the company’s stock valued at $26,229,000 after acquiring an additional 6,551 shares during the period. Lockheed Martin Investment Management Co. bought a new stake in GE Vernova during the first quarter worth about $458,000. Finally, Golden State Wealth Management LLC lifted its position in GE Vernova by 201.7% during the first quarter. Golden State Wealth Management LLC now owns 1,222 shares of the company’s stock worth $373,000 after purchasing an additional 817 shares during the period.

Insider Buying and Selling

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 stock was sold at an average price of $620.00, for a total transaction of $2,046,000.00. Following the completion of the transaction, the chief financial officer owned 7,590 shares of the company’s stock, 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.15% of the company’s stock.

GE Vernova Trading Down 4.4%

Shares of NYSE GEV opened at $606.30 on Friday. The company has a market cap of $165.05 billion, a price-to-earnings ratio of 146.10, a PEG ratio of 4.40 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 stock has a 50-day moving average price of $619.64 and a two-hundred day moving average price of $509.80.

GE Vernova (NYSE:GEV) last issued its 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 firm had revenue of $9.11 billion during the quarter, compared to the consensus estimate of $8.78 billion. GE Vernova had a return on equity of 13.23% and a net margin of 3.16%.The business’s quarterly revenue was up 11.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $4.65 earnings per share. GE Vernova has set its FY 2025 guidance at EPS. On average, sell-side analysts predict that GE Vernova Inc. will post 6.59 earnings per share for the current year.

GE Vernova Dividend Announcement

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

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of GE Vernova in a research report on Wednesday. UBS Group assumed coverage on shares of GE Vernova in a research report on Monday, July 7th. They set a “buy” rating and a $614.00 price objective for the company. Glj Research assumed coverage on shares of GE Vernova in a research report on Monday, June 23rd. They set a “buy” rating for the company. Mizuho cut shares of GE Vernova from an “outperform” rating to a “neutral” rating and set a $670.00 price objective for the company. in a research report on Monday, July 28th. Finally, Seaport Res Ptn raised shares of GE Vernova to a “strong-buy” rating in a research report on Thursday, July 10th. Four equities research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently 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.