Cantor Fitzgerald Investment Advisors L.P. Invests $301,000 in GE Vernova Inc. $GEV

Cantor Fitzgerald Investment Advisors L.P. acquired a new position in shares of GE Vernova Inc. (NYSE:GEV) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 569 shares of the company’s stock, valued at approximately $301,000.

Several other large investors also recently made changes to their positions in GEV. Brighton Jones LLC increased its position in shares of GE Vernova by 29.4% during the fourth quarter. Brighton Jones LLC now owns 3,315 shares of the company’s stock worth $1,091,000 after acquiring an additional 753 shares in the last quarter. NBC Securities Inc. increased its position in shares of GE Vernova by 166,700.0% during the first quarter. NBC Securities Inc. now owns 1,668 shares of the company’s stock worth $509,000 after acquiring an additional 1,667 shares in the last quarter. Merit Financial Group LLC increased its position in shares of GE Vernova by 61.0% during the first quarter. Merit Financial Group LLC now owns 10,635 shares of the company’s stock worth $3,247,000 after acquiring an additional 4,030 shares in the last quarter. HBW Advisory Services LLC bought a new stake in shares of GE Vernova during the first quarter worth $247,000. Finally, Whipplewood Advisors LLC increased its position in shares of GE Vernova by 19.2% during the first quarter. Whipplewood Advisors LLC now owns 944 shares of the company’s stock worth $288,000 after acquiring an additional 152 shares in the last quarter.

GE Vernova Price Performance

Shares of GEV stock opened at $606.97 on Thursday. The stock has a market cap of $165.23 billion, a P/E ratio of 146.26, a P/E/G ratio of 4.48 and a beta of 1.74. The company has a fifty day moving average price of $624.54 and a two-hundred day moving average price of $495.09. GE Vernova Inc. has a one year low of $248.50 and a one year high of $677.29.

GE Vernova (NYSE:GEV) last announced its quarterly earnings results on Wednesday, July 23rd. The company reported $1.86 EPS for the quarter, beating analysts’ consensus estimates of $1.63 by $0.23. The firm had revenue of $9.11 billion during the quarter, compared to analysts’ expectations of $8.78 billion. GE Vernova had a net margin of 3.16% and a return on equity of 13.23%. The company’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same quarter last year, the company posted $4.65 earnings per share. GE Vernova has set its FY 2025 guidance at EPS. As a group, equities research analysts anticipate that GE Vernova Inc. will post 6.59 EPS for the current fiscal year.

GE Vernova Dividend Announcement

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

Wall Street Analyst Weigh In

Several research analysts recently commented on GEV shares. Susquehanna increased their target price on shares of GE Vernova from $662.00 to $736.00 and gave the stock a “positive” rating in a report on Thursday, July 24th. Wells Fargo & Company raised their target price on shares of GE Vernova from $474.00 to $697.00 and gave the company an “overweight” rating in a research report on Thursday, July 24th. Mizuho downgraded shares of GE Vernova from an “outperform” rating to a “neutral” rating and set a $670.00 target price for the company. in a research report on Monday, July 28th. Seaport Res Ptn raised shares of GE Vernova to a “strong-buy” rating in a research report on Thursday, July 10th. Finally, UBS Group began coverage on shares of GE Vernova in a research report on Monday, July 7th. They issued a “buy” rating and a $614.00 target price for the company. Four investment analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, GE Vernova presently has a consensus rating of “Moderate Buy” and an average target price of $598.50.

Insider Buying and Selling

In other GE Vernova news, CFO Kenneth Scott Parks sold 3,300 shares of the stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $620.00, for a total value of $2,046,000.00. Following the completion of the sale, the chief financial officer owned 7,590 shares in the company, valued at $4,705,800. This trade represents a 30.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.15% of the stock is currently owned by corporate insiders.

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.