Wealthcare Capital Partners LLC Takes $246,000 Position in GE Vernova Inc. $GEV

Wealthcare Capital Partners LLC acquired a new stake in shares of GE Vernova Inc. (NYSE:GEV) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 464 shares of the company’s stock, valued at approximately $246,000.

A number of other large investors have also recently made changes to their positions in the stock. EQ Wealth Advisors LLC purchased a new stake in GE Vernova in the first quarter valued at $27,000. IMA Advisory Services Inc. purchased a new stake in GE Vernova in the first quarter valued at $27,000. Mowery & Schoenfeld Wealth Management LLC boosted its holdings in GE Vernova by 115.2% in the first quarter. Mowery & Schoenfeld Wealth Management LLC now owns 99 shares of the company’s stock valued at $30,000 after purchasing an additional 53 shares during the last quarter. 1248 Management LLC purchased a new stake in GE Vernova in the first quarter valued at $31,000. Finally, Saudi Central Bank acquired a new position in shares of GE Vernova in the first quarter worth about $33,000.

GE Vernova Trading Down 1.8%

Shares of NYSE GEV opened at $595.07 on Friday. GE Vernova Inc. has a 12-month low of $252.25 and a 12-month high of $677.29. The stock has a market cap of $161.99 billion, a PE ratio of 143.39, a P/E/G ratio of 4.34 and a beta of 1.72. The company has a 50-day moving average of $623.21 and a 200 day moving average of $500.03.

GE Vernova (NYSE:GEV) last posted its quarterly earnings results on Wednesday, July 23rd. The company reported $1.86 earnings per share for the quarter, beating the consensus estimate of $1.63 by $0.23. The business 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 business’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $4.65 EPS. GE Vernova has set its FY 2025 guidance at EPS. On average, sell-side analysts forecast that GE Vernova Inc. will post 6.59 EPS for the current fiscal year.

GE Vernova Dividend Announcement

The firm also recently disclosed 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 payout ratio is currently 24.10%.

Wall Street Analyst Weigh In

GEV has been the subject of a number of analyst reports. Wells Fargo & Company upped their price objective on shares of GE Vernova from $474.00 to $697.00 and gave the stock an “overweight” rating in a research report on Thursday, July 24th. Wolfe Research downgraded shares of GE Vernova from an “outperform” rating to a “peer perform” rating in a research report on Friday, June 13th. The Goldman Sachs Group upped their price objective on shares of GE Vernova from $500.00 to $570.00 and gave the stock a “buy” rating in a research report on Tuesday, June 10th. Melius upgraded shares of GE Vernova from a “hold” rating to a “buy” rating and set a $740.00 price objective for the company in a research report on Monday, September 15th. Finally, TD Cowen upped their price objective on shares of GE Vernova from $390.00 to $685.00 and gave the stock a “buy” rating in a research report on Friday, July 25th. Four research 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’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $598.50.

Insider Buying and Selling at GE Vernova

In related news, CFO Kenneth Scott Parks sold 3,300 shares of the business’s stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $620.00, for a total transaction of $2,046,000.00. Following the sale, the chief financial officer 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.15% of the stock is currently 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.