495 Shares in GE Vernova Inc. $GEV Purchased by IFG Advisory LLC

IFG Advisory LLC bought a new stake in GE Vernova Inc. (NYSE:GEV) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 495 shares of the company’s stock, valued at approximately $262,000.

Other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC raised its holdings in shares of GE Vernova by 29.4% in the fourth quarter. Brighton Jones LLC now owns 3,315 shares of the company’s stock valued at $1,091,000 after purchasing an additional 753 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in GE Vernova by 2.8% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 13,196 shares of the company’s stock valued at $4,165,000 after buying an additional 354 shares during the last quarter. Mutual Advisors LLC lifted its position in GE Vernova by 1.3% during the 1st quarter. Mutual Advisors LLC now owns 2,735 shares of the company’s stock worth $835,000 after buying an additional 34 shares in the last quarter. Brookstone Capital Management boosted its stake in shares of GE Vernova by 2.5% during the 1st quarter. Brookstone Capital Management now owns 5,044 shares of the company’s stock worth $1,540,000 after buying an additional 121 shares during the last quarter. Finally, Capital Investment Advisory Services LLC grew its holdings in shares of GE Vernova by 41.4% in the 1st quarter. Capital Investment Advisory Services LLC now owns 2,064 shares of the company’s stock valued at $630,000 after acquiring an additional 604 shares in the last quarter.

Insider Buying and Selling at GE Vernova

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

GE Vernova Stock Performance

Shares of GE Vernova stock opened at $583.13 on Tuesday. The firm has a 50-day moving average of $607.92 and a 200-day moving average of $544.77. GE Vernova Inc. has a 52-week low of $252.25 and a 52-week high of $677.29. The stock has a market cap of $158.22 billion, a PE ratio of 94.97, a PEG ratio of 4.35 and a beta of 1.69.

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 analysts’ consensus estimates of $1.72 by ($0.08). GE Vernova had a net margin of 4.52% and a return on equity of 17.07%. The business had revenue of $9.97 billion during the quarter, compared to the consensus estimate of $9.15 billion. During the same period in the prior year, the firm earned ($0.35) EPS. The business’s revenue for the quarter was up 11.8% on a year-over-year basis. GE Vernova has set its FY 2025 guidance at EPS. Equities research analysts predict that GE Vernova Inc. will post 6.59 earnings per share for the current fiscal year.

GE Vernova Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 17th. Shareholders of record on Monday, October 20th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Monday, October 20th. This represents a $1.00 annualized dividend and a yield of 0.2%. GE Vernova’s payout ratio is currently 16.29%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Rothschild Redb lowered shares of GE Vernova from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 15th. Redburn Partners set a $475.00 price target on GE Vernova in a report on Wednesday, October 15th. JPMorgan Chase & Co. upped their price objective on GE Vernova from $715.00 to $740.00 and gave the company an “overweight” rating in a research note on Thursday, October 23rd. UBS Group set a $710.00 target price on GE Vernova in a report on Thursday, October 23rd. Finally, Barclays increased their price target on GE Vernova from $706.00 to $710.00 and gave the company an “overweight” rating in a research note on Thursday, October 23rd. Four analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, GE Vernova currently has an average rating of “Moderate Buy” and an average price target of $607.81.

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.