First American Trust FSB Invests $216,000 in GE Vernova Inc. $GEV

First American Trust FSB purchased a new stake in GE Vernova Inc. (NYSE:GEV) during the second quarter, Holdings Channel.com reports. The institutional investor purchased 409 shares of the company’s stock, valued at approximately $216,000.

Several other large investors also recently bought and sold shares of GEV. IMA Advisory Services Inc. acquired a new stake in shares of GE Vernova in the first quarter worth approximately $27,000. WFA Asset Management Corp acquired a new position in GE Vernova in the 2nd quarter valued at $29,000. 1248 Management LLC purchased a new position in GE Vernova in the 1st quarter valued at $31,000. Saudi Central Bank acquired a new stake in GE Vernova during the 1st quarter worth $33,000. Finally, Ransom Advisory Ltd purchased a new stake in shares of GE Vernova during the first quarter worth $33,000.

GE Vernova Stock Performance

Shares of GEV stock opened at $554.50 on Wednesday. The firm has a market cap of $150.45 billion, a P/E ratio of 90.31, a P/E/G ratio of 4.29 and a beta of 1.68. The firm’s 50 day moving average price is $599.38 and its 200-day moving average price is $561.03. GE Vernova Inc. has a one year low of $252.25 and a one year high of $677.29.

GE Vernova (NYSE:GEV) last posted its quarterly earnings data on Wednesday, October 22nd. The company reported $1.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.72 by ($0.08). The firm had revenue of $9.97 billion during the quarter, compared to analysts’ expectations of $9.15 billion. GE Vernova had a net margin of 4.52% and a return on equity of 17.07%. GE Vernova’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.35) EPS. GE Vernova has set its FY 2025 guidance at EPS. As a group, research analysts predict that GE Vernova Inc. will post 6.59 EPS for the current fiscal year.

GE Vernova Dividend Announcement

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 dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, October 20th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.2%. GE Vernova’s dividend payout ratio is currently 16.29%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Wells Fargo & Company boosted their price target 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. Weiss Ratings restated a “hold (c)” rating on shares of GE Vernova in a report on Wednesday, October 8th. HSBC increased their price target on GE Vernova from $570.00 to $580.00 and gave the company a “hold” rating in a report on Friday, September 5th. TD Cowen lowered their price objective on GE Vernova from $685.00 to $680.00 and set a “buy” rating on the stock in a research note on Thursday, October 23rd. Finally, JPMorgan Chase & Co. upped their target price on GE Vernova from $715.00 to $740.00 and gave the company an “overweight” rating in a report on Thursday, October 23rd. 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 given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $607.81.

Insider Buying and Selling

In other news, CFO Kenneth Scott Parks sold 3,300 shares of the business’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 transaction, the chief financial officer directly owned 7,590 shares of the company’s stock, valued at approximately $4,705,800. The trade was a 30.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.15% of the stock is owned by insiders.

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.