Inspire Advisors LLC Makes New $225,000 Investment in GE Vernova Inc. $GEV

Inspire Advisors LLC purchased a new stake in GE Vernova Inc. (NYSE:GEV) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 425 shares of the company’s stock, valued at approximately $225,000.

Several other large investors have also modified their holdings of GEV. WFA Asset Management Corp acquired a new position in GE Vernova during the second quarter worth approximately $29,000. Highline Wealth Partners LLC increased its holdings in shares of 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 buying an additional 18 shares during the last quarter. Raleigh Capital Management Inc. purchased a new position in shares of GE Vernova in the 2nd quarter worth $37,000. Advantage Trust Co acquired a new position in GE Vernova in the second quarter valued at $40,000. Finally, Solstein Capital LLC acquired a new position in GE Vernova in the second quarter valued at $44,000.

Insider Activity

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 transaction, the chief financial officer owned 7,590 shares of the company’s stock, valued at approximately $4,705,800. This trade represents a 30.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.15% of the company’s stock.

Analyst Ratings Changes

GEV has been the topic of a number of research reports. Royal Bank Of Canada raised their price objective on GE Vernova from $605.00 to $630.00 and gave the stock a “sector perform” rating in a report on Thursday, October 23rd. Wells Fargo & Company boosted their price objective on shares of GE Vernova from $697.00 to $717.00 and gave the stock an “overweight” rating in a research note on Friday, October 24th. Susquehanna lifted their target price on shares of GE Vernova from $740.00 to $750.00 and gave the company a “positive” rating in a report on Thursday, October 23rd. Guggenheim downgraded GE Vernova from a “buy” rating to a “neutral” rating in a report on Monday, July 28th. Finally, Barclays boosted their price objective on GE Vernova from $706.00 to $710.00 and gave the stock an “overweight” rating in a research note on Thursday, October 23rd. Four equities research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $607.81.

GE Vernova Price Performance

Shares of GE Vernova stock opened at $558.94 on Friday. GE Vernova Inc. has a 1-year low of $252.25 and a 1-year high of $677.29. The company has a market capitalization of $151.65 billion, a PE ratio of 91.03, a P/E/G ratio of 4.43 and a beta of 1.68. The business has a 50-day moving average of $596.92 and a 200-day moving average of $561.26.

GE Vernova (NYSE:GEV) last issued its quarterly earnings data on Wednesday, October 22nd. The company reported $1.64 earnings per share for the quarter, missing analysts’ consensus estimates of $1.72 by ($0.08). GE Vernova had a net margin of 4.52% and a return on equity of 17.07%. The business had revenue of $9.97 billion for the quarter, compared to analyst estimates of $9.15 billion. During the same quarter last year, the business earned ($0.35) EPS. GE Vernova’s revenue for the quarter was up 11.8% compared to the same quarter last year. GE Vernova has set its FY 2025 guidance at EPS. On average, equities analysts expect that GE Vernova Inc. will post 6.59 earnings per share for the current fiscal year.

GE Vernova Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, November 17th. Stockholders of record on Monday, October 20th were given a $0.25 dividend. The ex-dividend date of this dividend was Monday, October 20th. This represents a $1.00 annualized dividend and a dividend yield of 0.2%. GE Vernova’s payout ratio is presently 16.29%.

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.