Fourth Dimension Wealth LLC Buys Shares of 469 GE Vernova Inc. $GEV

Fourth Dimension Wealth LLC bought a new stake in GE Vernova Inc. (NYSE:GEV) in the 2nd quarter, Holdings Channel.com reports. The fund bought 469 shares of the company’s stock, valued at approximately $248,000.

Several other large investors have also recently bought and sold shares of GEV. IMA Advisory Services Inc. bought a new stake in GE Vernova in the first quarter valued at approximately $27,000. WFA Asset Management Corp bought a new stake in GE Vernova in the second quarter valued at approximately $29,000. Mowery & Schoenfeld Wealth Management LLC increased its stake in GE Vernova by 115.2% in the first quarter. Mowery & Schoenfeld Wealth Management LLC now owns 99 shares of the company’s stock valued at $30,000 after purchasing an additional 53 shares in the last quarter. 1248 Management LLC bought a new stake in shares of GE Vernova during the first quarter worth $31,000. Finally, Saudi Central Bank bought a new stake in shares of GE Vernova during the first quarter worth $33,000.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Glj Research increased their price objective on shares of GE Vernova from $702.00 to $758.00 and gave the stock a “buy” rating in a research report on Wednesday, October 15th. Royal Bank Of Canada increased their price objective on shares of GE Vernova from $605.00 to $630.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 23rd. BMO Capital Markets increased their price objective on shares of GE Vernova from $690.00 to $710.00 and gave the stock an “outperform” rating in a research report on Thursday, October 23rd. Bank of America increased their price objective on shares of GE Vernova from $550.00 to $620.00 and gave the stock a “buy” rating in a research report on Thursday, July 17th. Finally, Wells Fargo & Company increased their price objective on shares of GE Vernova from $697.00 to $717.00 and gave the stock an “overweight” rating in a research report on Friday, October 24th. Four investment analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $607.81.

Insiders Place Their Bets

In related news, CFO Kenneth Scott Parks sold 3,300 shares of the firm’s stock in a transaction 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 of the company’s stock, valued at approximately $4,705,800. This trade represents a 30.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.15% of the company’s stock.

GE Vernova Trading Down 5.8%

GE Vernova stock opened at $547.41 on Wednesday. The company has a market cap of $148.52 billion, a P/E ratio of 89.16, a price-to-earnings-growth ratio of 4.32 and a beta of 1.68. GE Vernova Inc. has a 1-year low of $252.25 and a 1-year high of $677.29. The company has a fifty day simple moving average of $606.31 and a 200 day simple moving average of $546.36.

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

GE Vernova Announces Dividend

The firm also recently announced 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. The ex-dividend date of this dividend is Monday, October 20th. This represents a $1.00 dividend on an annualized basis and a yield of 0.2%. GE Vernova’s dividend payout ratio (DPR) is 16.29%.

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.