Taylor Financial Group Inc. Sells 35 Shares of GE Vernova Inc. $GEV

Taylor Financial Group Inc. trimmed its holdings in GE Vernova Inc. (NYSE:GEV) by 3.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,105 shares of the company’s stock after selling 35 shares during the period. Taylor Financial Group Inc.’s holdings in GE Vernova were worth $585,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. WFA Asset Management Corp bought a new stake in GE Vernova during the 2nd quarter worth approximately $29,000. Highline Wealth Partners LLC increased its holdings in GE Vernova by 34.6% during the 2nd quarter. Highline Wealth Partners LLC now owns 70 shares of the company’s stock worth $37,000 after purchasing an additional 18 shares in the last quarter. Raleigh Capital Management Inc. purchased a new position in shares of GE Vernova during the second quarter valued at approximately $37,000. Advantage Trust Co purchased a new position in shares of GE Vernova during the second quarter valued at approximately $40,000. Finally, Solstein Capital LLC purchased a new position in shares of GE Vernova during the second quarter valued at approximately $44,000.

GE Vernova Stock Up 0.0%

GEV opened at $584.50 on Tuesday. The stock has a market cap of $158.59 billion, a price-to-earnings ratio of 95.20, a PEG ratio of 4.22 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 company’s 50-day moving average price is $610.51 and its two-hundred day moving average price is $534.28.

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

GE Vernova Dividend Announcement

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 $0.25 dividend. 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 (DPR) is currently 16.29%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. 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 note on Monday, September 15th. Rothschild Redb downgraded shares of GE Vernova from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 15th. Wells Fargo & Company increased their target price on shares of GE Vernova from $697.00 to $717.00 and gave the company an “overweight” rating in a report on Friday. Cowen reaffirmed a “buy” rating on shares of GE Vernova in a research report on Thursday. Finally, JPMorgan Chase & Co. upped their price objective on shares of GE Vernova from $715.00 to $740.00 and gave the stock an “overweight” rating in a research report on Thursday, October 23rd. 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 given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $607.07.

Insider Transactions at GE Vernova

In other news, CFO Kenneth Scott Parks sold 3,300 shares of the stock in a transaction on 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 in the company, valued at approximately $4,705,800. This represents a 30.30% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.15% of the stock is owned by corporate insiders.

GE Vernova 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.