Global Retirement Partners LLC Takes Position in GE Vernova Inc. $GEV

Global Retirement Partners LLC acquired a new position in shares of GE Vernova Inc. (NYSE:GEV) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 6,014 shares of the company’s stock, valued at approximately $3,182,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of GEV. WFA Asset Management Corp bought a new position in shares of GE Vernova during the 2nd quarter worth approximately $29,000. 1248 Management LLC bought a new stake in shares of GE Vernova in the first quarter worth $31,000. Saudi Central Bank acquired a new position in GE Vernova during the first quarter worth $33,000. Ransom Advisory Ltd bought a new position in GE Vernova in the first quarter valued at $33,000. Finally, Highline Wealth Partners LLC increased its stake in GE Vernova by 34.6% in the 2nd quarter. Highline Wealth Partners LLC now owns 70 shares of the company’s stock valued at $37,000 after buying an additional 18 shares during the last quarter.

GE Vernova Stock Up 4.3%

GEV opened at $579.70 on Tuesday. GE Vernova Inc. has a 12-month low of $252.25 and a 12-month high of $677.29. The stock has a market cap of $157.28 billion, a price-to-earnings ratio of 94.41, a PEG ratio of 4.13 and a beta of 1.69. The business has a 50 day moving average of $594.55 and a 200-day moving average of $565.87.

GE Vernova (NYSE:GEV) last posted 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). GE Vernova had a return on equity of 17.07% and a net margin of 4.52%.The business had revenue of $9.97 billion for the quarter, compared to analyst estimates of $9.15 billion. During the same period in the previous year, the firm posted ($0.35) earnings per share. The firm’s revenue was up 11.8% compared to the same quarter last year. GE Vernova has set its FY 2025 guidance at EPS. As a group, analysts expect that GE Vernova Inc. will post 6.59 earnings per share for the current year.

GE Vernova Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 17th. Stockholders of record on Monday, October 20th were given a $0.25 dividend. The ex-dividend date of this dividend was Monday, October 20th. This represents a $1.00 annualized dividend and a dividend yield of 0.2%. GE Vernova’s dividend payout ratio is presently 16.29%.

Analyst Upgrades and Downgrades

Several brokerages have commented on GEV. Royal Bank Of Canada boosted their price target 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. Weiss Ratings reissued a “hold (c)” rating on shares of GE Vernova in a research report on Wednesday, October 8th. Guggenheim downgraded GE Vernova from a “buy” rating to a “neutral” rating in a research note on Monday, July 28th. BMO Capital Markets boosted their price target on GE Vernova from $690.00 to $710.00 and gave the stock an “outperform” rating in a research report on Thursday, October 23rd. Finally, 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. Four 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 issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $607.81.

About GE Vernova

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.