GE Vernova Inc. $GEV Shares Bought by Venturi Wealth Management LLC

Venturi Wealth Management LLC increased its holdings in GE Vernova Inc. (NYSE:GEV) by 5.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,376 shares of the company’s stock after purchasing an additional 71 shares during the quarter. Venturi Wealth Management LLC’s holdings in GE Vernova were worth $728,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. EQ Wealth Advisors LLC acquired a new position in GE Vernova in the 1st quarter worth about $27,000. IMA Advisory Services Inc. acquired a new position in GE Vernova in the 1st quarter worth about $27,000. Mowery & Schoenfeld Wealth Management LLC raised its holdings in GE Vernova by 115.2% in the 1st quarter. Mowery & Schoenfeld Wealth Management LLC now owns 99 shares of the company’s stock worth $30,000 after purchasing an additional 53 shares during the period. 1248 Management LLC purchased a new stake in GE Vernova during the 1st quarter worth approximately $31,000. Finally, Saudi Central Bank purchased a new stake in GE Vernova during the 1st quarter worth approximately $33,000.

Wall Street Analysts Forecast Growth

GEV has been the subject of several research reports. Jefferies Financial Group boosted their price objective on GE Vernova from $658.00 to $668.00 and gave the stock a “hold” rating in a research note on Friday, September 12th. JPMorgan Chase & Co. boosted their price objective on GE Vernova from $620.00 to $715.00 and gave the stock an “overweight” rating in a research note on Thursday, July 24th. Melius upgraded GE Vernova from a “hold” rating to a “buy” rating and set a $740.00 price objective for the company in a research note on Monday, September 15th. HSBC boosted their price objective on GE Vernova from $570.00 to $580.00 and gave the stock a “hold” rating in a research note on Friday, September 5th. Finally, Susquehanna boosted their price objective on GE Vernova from $662.00 to $736.00 and gave the stock a “positive” rating in a research note on Thursday, July 24th. Four equities research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $598.50.

Insiders Place Their Bets

In related news, CFO Kenneth Scott Parks sold 3,300 shares of the 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 completion of the transaction, the chief financial officer directly owned 7,590 shares in the company, valued at approximately $4,705,800. This represents a 30.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.15% of the company’s stock.

GE Vernova Price Performance

GEV stock opened at $634.08 on Friday. The business has a 50 day simple moving average of $620.64 and a 200-day simple moving average of $506.61. The firm has a market capitalization of $172.61 billion, a PE ratio of 152.79, a price-to-earnings-growth ratio of 4.55 and a beta of 1.72. GE Vernova Inc. has a 1 year low of $252.25 and a 1 year high of $677.29.

GE Vernova (NYSE:GEV) last posted its quarterly earnings results on Wednesday, July 23rd. The company reported $1.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.63 by $0.23. The business had revenue of $9.11 billion during 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 revenue was up 11.1% compared to the same quarter last year. During the same period in the prior year, the business earned $4.65 earnings per share. GE Vernova has set its FY 2025 guidance at EPS. On average, equities research analysts expect that GE Vernova Inc. will post 6.59 EPS for the current year.

GE Vernova Announces Dividend

The business also recently declared 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. The ex-dividend date is Monday, October 20th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.2%. GE Vernova’s dividend payout ratio is 24.10%.

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.