Warren Street Wealth Advisors LLC Purchases New Stake in GE Vernova Inc. $GEV

Warren Street Wealth Advisors LLC bought a new stake in GE Vernova Inc. (NYSE:GEV) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 384 shares of the company’s stock, valued at approximately $203,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in GEV. Highline Wealth Partners LLC raised its position in shares of GE Vernova by 34.6% during the second quarter. Highline Wealth Partners LLC now owns 70 shares of the company’s stock worth $37,000 after purchasing an additional 18 shares during the period. Atlas Brown Inc. grew its stake in shares of GE Vernova by 0.8% during the 2nd quarter. Atlas Brown Inc. now owns 2,496 shares of the company’s stock worth $1,321,000 after acquiring an additional 19 shares during the period. Physician Wealth Advisors Inc. grew its stake in shares of GE Vernova by 9.0% during the 2nd quarter. Physician Wealth Advisors Inc. now owns 241 shares of the company’s stock worth $128,000 after acquiring an additional 20 shares during the period. West Branch Capital LLC grew its holdings in GE Vernova by 25.6% during the 2nd quarter. West Branch Capital LLC now owns 98 shares of the company’s stock valued at $52,000 after buying an additional 20 shares in the last quarter. Finally, Grove Bank & Trust boosted its holdings in GE Vernova by 16.0% in the 2nd quarter. Grove Bank & Trust now owns 167 shares of the company’s stock valued at $88,000 after purchasing an additional 23 shares during the period.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Wolfe Research cut shares of GE Vernova from an “outperform” rating to a “peer perform” rating in a research report on Friday, June 13th. HSBC increased their price objective on GE Vernova from $570.00 to $580.00 and gave the company a “hold” rating in a research report on Friday, September 5th. UBS Group assumed coverage on GE Vernova in a research report on Monday, July 7th. They set a “buy” rating and a $614.00 price objective on the stock. Barclays increased their price objective on GE Vernova from $580.00 to $706.00 and gave the company an “overweight” rating in a research report on Thursday, July 24th. Finally, TD Cowen raised their price target on GE Vernova from $390.00 to $685.00 and gave the stock a “buy” rating in a research report on Friday, July 25th. Four analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $598.50.

Insider Buying and Selling at GE Vernova

In other news, CFO Kenneth Scott Parks sold 3,300 shares of GE Vernova stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $620.00, for a total value of $2,046,000.00. Following the sale, the chief financial officer directly owned 7,590 shares in the company, valued at approximately $4,705,800. This trade represents a 30.30% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.15% of the company’s stock.

GE Vernova Price Performance

GEV opened at $606.97 on Thursday. The stock’s 50 day simple moving average is $624.54 and its 200 day simple moving average is $495.09. GE Vernova Inc. has a 1 year low of $248.50 and a 1 year high of $677.29. The firm has a market cap of $165.23 billion, a price-to-earnings ratio of 146.26, a PEG ratio of 4.48 and a beta of 1.74.

GE Vernova (NYSE:GEV) last issued its quarterly earnings data 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. The firm had revenue of $9.11 billion for the quarter, compared to analyst estimates of $8.78 billion. GE Vernova had a return on equity of 13.23% and a net margin of 3.16%.The business’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same period last year, the company earned $4.65 EPS. GE Vernova has set its FY 2025 guidance at EPS. As a group, sell-side analysts anticipate that GE Vernova Inc. will post 6.59 EPS for the current year.

GE Vernova Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 17th. Stockholders of record on Monday, October 20th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Monday, October 20th. GE Vernova’s dividend payout ratio (DPR) is currently 24.10%.

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.