L. Roy Papp & Associates LLP Invests $215,000 in GE Vernova Inc. $GEV

L. Roy Papp & Associates LLP bought a new position in GE Vernova Inc. (NYSE:GEV) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 406 shares of the company’s stock, valued at approximately $215,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in GEV. Brighton Jones LLC lifted 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 worth $1,091,000 after acquiring an additional 753 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in GE Vernova by 13.0% in the 1st quarter. Farther Finance Advisors LLC now owns 4,113 shares of the company’s stock valued at $1,298,000 after buying an additional 473 shares during the last quarter. Wealthcare Advisory Partners LLC boosted its position in GE Vernova by 2.6% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 3,298 shares of the company’s stock worth $1,007,000 after buying an additional 83 shares during the period. GAMMA Investing LLC boosted its position in GE Vernova by 8.4% during the 1st quarter. GAMMA Investing LLC now owns 7,015 shares of the company’s stock worth $2,142,000 after buying an additional 542 shares during the period. Finally, Parsons Capital Management Inc. RI boosted its position in GE Vernova by 3.0% during the 1st quarter. Parsons Capital Management Inc. RI now owns 1,741 shares of the company’s stock worth $531,000 after buying an additional 50 shares during the period.

GE Vernova Price Performance

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

GE Vernova (NYSE:GEV) last issued its 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. GE Vernova had a return on equity of 13.23% and a net margin of 3.16%.The business had revenue of $9.11 billion during the quarter, compared to analyst estimates of $8.78 billion. During the same period in the previous year, the company posted $4.65 EPS. The firm’s revenue was up 11.1% compared to the same quarter last year. GE Vernova has set its FY 2025 guidance at EPS. On average, sell-side analysts expect that GE Vernova Inc. will post 6.59 EPS for the current 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 dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend is Monday, October 20th. GE Vernova’s payout ratio is currently 24.10%.

Analyst Ratings Changes

GEV has been the subject of several analyst reports. TD Cowen raised their price target on shares of GE Vernova from $390.00 to $685.00 and gave the company a “buy” rating in a research note on Friday, July 25th. Guggenheim lowered GE Vernova from a “buy” rating to a “neutral” rating in a research report on Monday, July 28th. JPMorgan Chase & Co. lifted their target price on GE Vernova from $620.00 to $715.00 and gave the stock an “overweight” rating in a report on Thursday, July 24th. Jefferies Financial Group lifted their target price on GE Vernova from $658.00 to $668.00 and gave the stock a “hold” rating in a report on Friday, September 12th. Finally, Melius Research set a $740.00 target price on GE Vernova and gave the stock a “buy” rating in a report on Monday, September 15th. Four research 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’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $598.50.

Insider Buying and Selling

In other GE Vernova news, CFO Kenneth Scott Parks sold 3,300 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the chief financial officer directly owned 7,590 shares of the company’s stock, valued at approximately $4,705,800. The trade was a 30.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.15% of the company’s stock.

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.