Nixon Peabody Trust Co. Purchases 170 Shares of GE Vernova Inc. $GEV

Nixon Peabody Trust Co. grew its holdings in GE Vernova Inc. (NYSE:GEV) by 25.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 841 shares of the company’s stock after acquiring an additional 170 shares during the quarter. Nixon Peabody Trust Co.’s holdings in GE Vernova were worth $445,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. IMA Advisory Services Inc. acquired a new position in shares of GE Vernova in the first quarter valued at $27,000. WFA Asset Management Corp bought a new stake in GE Vernova in the 2nd quarter valued at $29,000. Mowery & Schoenfeld Wealth Management LLC raised its stake in shares of GE Vernova by 115.2% in the 1st quarter. Mowery & Schoenfeld Wealth Management LLC now owns 99 shares of the company’s stock valued at $30,000 after buying an additional 53 shares in the last quarter. 1248 Management LLC bought a new position in shares of GE Vernova during the 1st quarter worth about $31,000. Finally, Saudi Central Bank acquired a new stake in shares of GE Vernova during the 1st quarter valued at about $33,000.

Insider Buying and Selling at GE Vernova

In related news, CFO Kenneth Scott Parks sold 3,300 shares of the business’s stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $620.00, for a total transaction of $2,046,000.00. Following 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.15% of the stock is owned by corporate insiders.

GE Vernova Stock Down 2.9%

Shares of GEV stock opened at $558.62 on Friday. The company’s fifty day simple moving average is $600.95 and its 200-day simple moving average is $554.50. The firm has a market cap of $151.56 billion, a PE ratio of 90.98, a P/E/G ratio of 4.28 and a beta of 1.68. GE Vernova Inc. has a 12 month low of $252.25 and a 12 month high of $677.29.

GE Vernova (NYSE:GEV) last released its quarterly earnings data 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 for 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 earned ($0.35) earnings per share. GE Vernova has set its FY 2025 guidance at EPS. On average, equities analysts predict that GE Vernova Inc. will post 6.59 earnings per share for the current fiscal year.

GE Vernova Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 17th. Shareholders of record on Monday, October 20th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Monday, October 20th. GE Vernova’s dividend payout ratio is presently 16.29%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on GEV shares. Weiss Ratings reissued a “hold (c)” rating on shares of GE Vernova in a report on Wednesday, October 8th. Morgan Stanley upped their price target on GE Vernova from $690.00 to $710.00 and gave the company an “overweight” rating in a research report on Thursday, October 30th. Barclays lifted their price objective on GE Vernova from $706.00 to $710.00 and gave the company an “overweight” rating in a report on Thursday, October 23rd. Robert W. Baird upped their target price on shares of GE Vernova from $568.00 to $706.00 and gave the stock an “outperform” rating in a report on Thursday, July 24th. Finally, Rothschild & Co Redburn reiterated a “sell” rating and set a $475.00 target price on shares of GE Vernova in a research report on Wednesday, October 15th. Four equities research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $607.81.

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.