389 Shares in GE Vernova Inc. $GEV Purchased by Liberty Wealth Management LLC

Liberty Wealth Management LLC bought a new position in GE Vernova Inc. (NYSE:GEV) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 389 shares of the company’s stock, valued at approximately $206,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. AustralianSuper Pty Ltd purchased a new stake in shares of GE Vernova in the second quarter worth approximately $21,530,000. Teacher Retirement System of Texas raised its stake in shares of GE Vernova by 27.0% in the second quarter. Teacher Retirement System of Texas now owns 141,784 shares of the company’s stock worth $75,025,000 after purchasing an additional 30,158 shares during the last quarter. Brookwood Investment Group LLC purchased a new stake in GE Vernova in the 2nd quarter valued at $825,000. First Command Advisory Services Inc. raised its position in GE Vernova by 20.1% in the 2nd quarter. First Command Advisory Services Inc. now owns 574 shares of the company’s stock valued at $304,000 after buying an additional 96 shares during the last quarter. Finally, Solstein Capital LLC purchased a new stake in GE Vernova in the 2nd quarter valued at $44,000.

Wall Street Analyst Weigh In

Several analysts have recently commented on GEV shares. Melius Research set a $740.00 target price on shares of GE Vernova and gave the company a “buy” rating in a report on Monday, September 15th. Redburn Partners set a $475.00 price objective on shares of GE Vernova in a research note on Wednesday, October 15th. Mizuho decreased their price objective on shares of GE Vernova from $677.00 to $660.00 and set a “neutral” rating for the company in a research note on Friday. TD Cowen decreased their price target on GE Vernova from $685.00 to $680.00 and set a “buy” rating for the company in a research report on Thursday, October 23rd. Finally, Wells Fargo & Company increased their price target on GE Vernova from $697.00 to $717.00 and gave the company an “overweight” rating in a research report on Friday. Four analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $607.07.

GE Vernova Stock Up 0.0%

Shares of GEV stock opened at $584.50 on Tuesday. The company has a 50 day moving average of $610.51 and a 200-day moving average of $534.28. GE Vernova Inc. has a 12-month low of $252.25 and a 12-month high of $677.29. The firm has a market cap of $158.59 billion, a P/E ratio of 95.20, a PEG ratio of 4.22 and a beta of 1.72.

GE Vernova (NYSE:GEV) last issued its quarterly earnings results on Wednesday, October 22nd. The company reported $1.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.72 by ($0.08). GE Vernova had a return on equity of 17.07% and a net margin of 4.52%.The company had revenue of $9.97 billion for the quarter, compared to analysts’ expectations of $9.15 billion. During the same quarter in the previous year, the business earned ($0.35) EPS. The company’s revenue for the quarter was up 11.8% on a year-over-year basis. GE Vernova has set its FY 2025 guidance at EPS. As a group, equities analysts expect that GE Vernova Inc. will post 6.59 EPS for the current year.

GE Vernova Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 17th. Investors of record on Monday, October 20th will be issued a $0.25 dividend. 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 dividend payout ratio (DPR) is 16.29%.

Insiders Place Their Bets

In related news, CFO Kenneth Scott Parks sold 3,300 shares of GE Vernova stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $620.00, for a total value of $2,046,000.00. Following the completion of the sale, the chief financial officer owned 7,590 shares of the company’s stock, valued at approximately $4,705,800. This trade represents a 30.30% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company 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.