Bill Few Associates Inc. Takes $270,000 Position in GE Vernova Inc. $GEV

Bill Few Associates Inc. purchased a new stake in GE Vernova Inc. (NYSE:GEV) during the second quarter, HoldingsChannel reports. The institutional investor purchased 511 shares of the company’s stock, valued at approximately $270,000.

Other hedge funds also recently made changes to their positions in the company. EQ Wealth Advisors LLC acquired a new stake in shares of GE Vernova in the 1st quarter valued at approximately $27,000. IMA Advisory Services Inc. acquired a new stake in shares of GE Vernova in the 1st quarter valued at approximately $27,000. Mowery & Schoenfeld Wealth Management LLC boosted 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 purchasing an additional 53 shares in the last quarter. 1248 Management LLC acquired a new stake in shares of GE Vernova in the 1st quarter valued at approximately $31,000. Finally, Saudi Central Bank acquired a new stake in shares of GE Vernova in the 1st quarter valued at approximately $33,000.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on GEV shares. Melius Research set a $740.00 price target on shares of GE Vernova and gave the company a “buy” rating in a research note on Monday, September 15th. Mizuho downgraded shares of GE Vernova from an “outperform” rating to a “neutral” rating and set a $670.00 target price on the stock. in a research report on Monday, July 28th. HSBC lifted their target price on shares of GE Vernova from $570.00 to $580.00 and gave the stock a “hold” rating in a research report on Friday, September 5th. Melius upgraded shares of GE Vernova from a “hold” rating to a “buy” rating and set a $740.00 target price on the stock in a research report on Monday, September 15th. Finally, Susquehanna lifted their target price on shares of GE Vernova from $662.00 to $736.00 and gave the stock a “positive” rating in a research report on Thursday, July 24th. Four research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $598.50.

GE Vernova Stock Performance

GE Vernova stock opened at $606.30 on Monday. GE Vernova Inc. has a 52-week low of $252.25 and a 52-week high of $677.29. The firm has a 50 day moving average price of $619.64 and a two-hundred day moving average price of $511.24. The firm has a market cap of $165.05 billion, a price-to-earnings ratio of 146.10, a PEG ratio of 4.38 and a beta of 1.72.

GE Vernova (NYSE:GEV) last released its quarterly earnings results on Wednesday, July 23rd. The company reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.63 by $0.23. GE Vernova had a net margin of 3.16% and a return on equity of 13.23%. The firm had revenue of $9.11 billion during the quarter, compared to analyst estimates of $8.78 billion. During the same quarter last year, the business earned $4.65 EPS. The company’s revenue was up 11.1% compared to the same quarter last year. GE Vernova has set its FY 2025 guidance at EPS. As a group, equities research analysts predict that GE Vernova Inc. will post 6.59 EPS for the current fiscal year.

GE Vernova Announces Dividend

The company 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. The ex-dividend date 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 presently 24.10%.

Insider Transactions at GE Vernova

In other news, CFO Kenneth Scott Parks sold 3,300 shares of GE Vernova 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 sale, 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 SEC, which is available through this link. 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.