Ransom Advisory Ltd Acquires New Holdings in GE Vernova Inc. $GEV

Ransom Advisory Ltd acquired a new stake in GE Vernova Inc. (NYSE:GEV) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 107 shares of the company’s stock, valued at approximately $33,000.

A number of other large investors have also added to or reduced their stakes in the business. Westover Capital Advisors LLC raised its holdings in GE Vernova by 2.3% in the 1st quarter. Westover Capital Advisors LLC now owns 1,130 shares of the company’s stock valued at $345,000 after buying an additional 25 shares during the last quarter. SVB Wealth LLC raised its holdings in GE Vernova by 0.7% in the 1st quarter. SVB Wealth LLC now owns 3,585 shares of the company’s stock valued at $1,094,000 after buying an additional 26 shares during the last quarter. Stonebridge Financial Group LLC raised its holdings in GE Vernova by 8.9% in the 1st quarter. Stonebridge Financial Group LLC now owns 344 shares of the company’s stock valued at $105,000 after buying an additional 28 shares during the last quarter. Whittier Trust Co. of Nevada Inc. raised its holdings in GE Vernova by 0.4% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 8,510 shares of the company’s stock valued at $2,598,000 after buying an additional 30 shares during the last quarter. Finally, Hemington Wealth Management raised its holdings in GE Vernova by 20.3% in the 1st quarter. Hemington Wealth Management now owns 178 shares of the company’s stock valued at $54,000 after buying an additional 30 shares during the last quarter.

GE Vernova Stock Performance

Shares of GEV stock opened at $635.37 on Friday. The company has a market cap of $172.96 billion, a P/E ratio of 153.10, a PEG ratio of 4.45 and a beta of 1.87. The stock has a 50 day simple moving average of $606.48 and a two-hundred day simple moving average of $465.05. GE Vernova Inc. has a fifty-two week low of $199.65 and a fifty-two week high of $677.29.

GE Vernova (NYSE:GEV) last issued its earnings results on Wednesday, July 23rd. The company reported $1.86 earnings per share for the quarter, topping analysts’ consensus estimates of $1.63 by $0.23. GE Vernova had a return on equity of 13.23% and a net margin of 3.16%.The business had revenue of $9.11 billion during the quarter, compared to the consensus estimate of $8.78 billion. During the same period in the previous year, the company posted $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. On average, research analysts predict that GE Vernova Inc. will post 6.59 earnings per share for the current year.

GE Vernova Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 18th. Stockholders of record on Monday, July 21st were given 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 of this dividend was Monday, July 21st. GE Vernova’s dividend payout ratio is presently 24.10%.

Insider Buying and Selling at GE Vernova

In other news, CFO Kenneth Scott Parks sold 3,300 shares of the company’s stock in a transaction that occurred on 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 transaction, the chief financial officer directly owned 7,590 shares of the company’s stock, valued at $4,705,800. This represents a 30.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.15% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Seaport Res Ptn raised GE Vernova to a “strong-buy” rating in a research note on Thursday, July 10th. Glj Research assumed coverage on GE Vernova in a research note on Monday, June 23rd. They issued a “buy” rating on the stock. Mizuho lowered GE Vernova from an “outperform” rating to a “neutral” rating and set a $670.00 price objective on the stock. in a research note on Monday, July 28th. UBS Group assumed coverage on GE Vernova in a research note on Monday, July 7th. They issued a “buy” rating and a $614.00 price objective on the stock. Finally, BMO Capital Markets lifted their price objective on GE Vernova from $590.00 to $690.00 and gave the stock an “outperform” rating in a research note on Thursday, July 24th. Four equities research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $573.75.

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.