waypoint wealth counsel Buys Shares of 827 GE Vernova Inc. $GEV

waypoint wealth counsel purchased a new position in GE Vernova Inc. (NYSE:GEV) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 827 shares of the company’s stock, valued at approximately $438,000.

Several other institutional investors have also modified their holdings of GEV. Highline Wealth Partners LLC grew its stake in GE Vernova by 34.6% during the 2nd quarter. Highline Wealth Partners LLC now owns 70 shares of the company’s stock worth $37,000 after purchasing an additional 18 shares in the last quarter. Raleigh Capital Management Inc. acquired a new position in shares of GE Vernova during the second quarter worth about $37,000. IMA Advisory Services Inc. acquired a new position in shares of GE Vernova during the first quarter worth about $27,000. EQ Wealth Advisors LLC acquired a new position in shares of GE Vernova during the first quarter worth about $27,000. Finally, West Branch Capital LLC grew its holdings in GE Vernova by 25.6% during the 2nd quarter. West Branch Capital LLC now owns 98 shares of the company’s stock worth $52,000 after acquiring an additional 20 shares in the last quarter.

Insiders Place Their Bets

In other news, CFO Kenneth Scott Parks sold 3,300 shares of the 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 completion of the sale, the chief financial officer 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 filing with the Securities & Exchange Commission, which is accessible through this link. 0.15% of the stock is currently owned by corporate insiders.

GE Vernova Stock Down 4.4%

Shares of NYSE GEV opened at $606.30 on Friday. The stock has a market cap 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. GE Vernova Inc. has a 52-week low of $252.25 and a 52-week high of $677.29. The business has a 50-day moving average price of $619.64 and a 200 day moving average price of $509.80.

GE Vernova (NYSE:GEV) last posted its quarterly earnings data 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 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 company’s revenue was up 11.1% compared to the same quarter last year. During the same period in the prior year, the company earned $4.65 earnings per share. 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 Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 17th. Investors of record on Monday, October 20th will be paid a dividend of $0.25 per share. 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 is currently 24.10%.

Wall Street Analysts Forecast Growth

GEV has been the subject of several analyst reports. Glj Research started coverage on shares of GE Vernova in a report on Monday, June 23rd. They set a “buy” rating for the company. Barclays upped their price objective on GE Vernova from $580.00 to $706.00 and gave the stock an “overweight” rating in a research report on Thursday, July 24th. Royal Bank Of Canada set a $605.00 price objective on GE Vernova and gave the stock a “sector perform” rating in a research report on Wednesday, October 1st. JPMorgan Chase & Co. upped their price target on GE Vernova from $620.00 to $715.00 and gave the company an “overweight” rating in a report on Thursday, July 24th. Finally, Citigroup upped their price target on GE Vernova from $544.00 to $670.00 and gave the company a “neutral” rating in a report on Thursday, July 24th. Four research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat.com, GE Vernova presently has an average rating of “Moderate Buy” and an average price target of $598.50.

GE Vernova 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.