Stratos Wealth Advisors LLC Increases Position in GE Vernova Inc. $GEV

Stratos Wealth Advisors LLC increased its holdings in shares of GE Vernova Inc. (NYSE:GEV) by 11.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,161 shares of the company’s stock after purchasing an additional 118 shares during the period. Stratos Wealth Advisors LLC’s holdings in GE Vernova were worth $614,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in GEV. Highline Wealth Partners LLC boosted its stake in shares of GE Vernova by 34.6% in the second quarter. Highline Wealth Partners LLC now owns 70 shares of the company’s stock worth $37,000 after buying an additional 18 shares during the last quarter. Raleigh Capital Management Inc. purchased a new position in GE Vernova during the second quarter valued at approximately $37,000. IMA Advisory Services Inc. acquired a new position in GE Vernova in the first quarter valued at approximately $27,000. EQ Wealth Advisors LLC purchased a new stake in GE Vernova in the 1st quarter worth approximately $27,000. Finally, West Branch Capital LLC boosted its position in GE Vernova by 25.6% in the 2nd quarter. West Branch Capital LLC now owns 98 shares of the company’s stock worth $52,000 after purchasing an additional 20 shares in the last quarter.

Insiders Place Their Bets

In related news, CFO Kenneth Scott Parks sold 3,300 shares of the firm’s stock in a transaction dated 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 sale, the chief financial officer directly owned 7,590 shares of the company’s stock, valued at approximately $4,705,800. This trade represents a 30.30% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.15% of the company’s stock.

GE Vernova Price Performance

Shares of GE Vernova stock opened at $599.62 on Monday. The stock has a market capitalization of $163.23 billion, a P/E ratio of 144.49, a PEG ratio of 4.34 and a beta of 1.72. The business has a 50 day simple moving average of $616.42 and a two-hundred day simple moving average of $522.14. GE Vernova Inc. has a 12 month low of $252.25 and a 12 month high of $677.29.

GE Vernova (NYSE:GEV) last issued its quarterly earnings results on Wednesday, July 23rd. The company reported $1.86 EPS for the quarter, topping the consensus estimate of $1.63 by $0.23. GE Vernova had a return on equity of 13.23% and a net margin of 3.16%.The firm had revenue of $9.11 billion during the quarter, compared to analysts’ expectations of $8.78 billion. During the same period in the previous year, the business earned $4.65 earnings per share. The firm’s revenue for the quarter was up 11.1% on a year-over-year basis. GE Vernova has set its FY 2025 guidance at EPS. As a group, research analysts anticipate 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. Stockholders of record on Monday, October 20th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Monday, October 20th. This represents a $1.00 annualized dividend and a dividend yield of 0.2%. GE Vernova’s dividend payout ratio is 24.10%.

Analyst Ratings Changes

Several research firms recently issued reports on GEV. UBS Group began coverage on shares of GE Vernova in a research note on Monday, July 7th. They issued a “buy” rating and a $614.00 target price for the company. Wall Street Zen cut shares of GE Vernova from a “buy” rating to a “hold” rating in a report on Saturday, July 26th. Mizuho upped their price objective on shares of GE Vernova from $670.00 to $677.00 and gave the stock a “neutral” rating in a research report on Wednesday. Susquehanna increased their target price on shares of GE Vernova from $736.00 to $740.00 and gave the stock a “positive” rating in a research note on Monday, October 13th. Finally, BMO Capital Markets lifted their price target on GE Vernova from $590.00 to $690.00 and gave the company an “outperform” rating in a research note on Thursday, July 24th. Four equities research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $592.61.

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.