Gibson Capital LLC Purchases Shares of 706 GE Vernova Inc. $GEV

Gibson Capital LLC purchased a new stake in GE Vernova Inc. (NYSE:GEV) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 706 shares of the company’s stock, valued at approximately $373,000.

Several other institutional investors have also recently added to or reduced their stakes in GEV. Brighton Jones LLC lifted its stake in 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 buying an additional 753 shares during the period. GAMMA Investing LLC lifted its stake in GE Vernova by 8.4% in the first quarter. GAMMA Investing LLC now owns 7,015 shares of the company’s stock valued at $2,142,000 after buying an additional 542 shares during the period. Integrated Advisors Network LLC lifted its stake in GE Vernova by 10.4% in the first quarter. Integrated Advisors Network LLC now owns 1,531 shares of the company’s stock valued at $467,000 after buying an additional 144 shares during the period. Simon Quick Advisors LLC lifted its stake in GE Vernova by 15.1% in the first quarter. Simon Quick Advisors LLC now owns 2,089 shares of the company’s stock valued at $638,000 after buying an additional 274 shares during the period. Finally, NorthCrest Asset Manangement LLC lifted its stake in GE Vernova by 35.4% in the first quarter. NorthCrest Asset Manangement LLC now owns 976 shares of the company’s stock valued at $298,000 after buying an additional 255 shares during the period.

Insider Activity at GE Vernova

In other news, CFO Kenneth Scott Parks sold 3,300 shares of the company’s 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 transaction, the chief financial officer owned 7,590 shares of the company’s stock, valued at $4,705,800. This represents a 30.30% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.15% of the stock is owned by corporate insiders.

GE Vernova Price Performance

Shares of NYSE:GEV opened at $606.30 on Friday. The company has a market capitalization of $165.05 billion, a PE ratio of 146.10, a price-to-earnings-growth ratio of 4.40 and a beta of 1.72. The business has a fifty day moving average price of $619.64 and a two-hundred day moving average price of $509.80. GE Vernova Inc. has a 1 year low of $252.25 and a 1 year high of $677.29.

GE Vernova (NYSE:GEV) last announced its quarterly earnings data 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 firm had revenue of $9.11 billion during the quarter, compared to the consensus estimate 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 for the quarter was up 11.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.65 EPS. GE Vernova has set its FY 2025 guidance at EPS. Sell-side analysts anticipate that GE Vernova Inc. will post 6.59 earnings per share for the current year.

GE Vernova Dividend Announcement

The company 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 dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend is Monday, October 20th. GE Vernova’s dividend payout ratio is currently 24.10%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on GEV. Bank of America upped their target price on GE Vernova from $550.00 to $620.00 and gave the stock a “buy” rating in a research report on Thursday, July 17th. TD Cowen upped their target price on GE Vernova from $390.00 to $685.00 and gave the stock a “buy” rating in a research report on Friday, July 25th. HSBC upped their target price on GE Vernova from $570.00 to $580.00 and gave the stock a “hold” rating in a research report on Friday, September 5th. Seaport Res Ptn raised GE Vernova to a “strong-buy” rating in a research report on Thursday, July 10th. Finally, Mizuho lowered GE Vernova from an “outperform” rating to a “neutral” rating and set a $670.00 target price on the stock. in a research report on Monday, July 28th. Four 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.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $598.50.

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.