Accurate Wealth Management LLC Invests $306,000 in GE Vernova Inc. $GEV

Accurate Wealth Management LLC purchased a new stake in shares of GE Vernova Inc. (NYSE:GEV) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 568 shares of the company’s stock, valued at approximately $306,000.

Other hedge funds also recently added to or reduced their stakes in the company. EQ Wealth Advisors LLC bought a new stake in shares of GE Vernova in the 1st quarter worth $27,000. IMA Advisory Services Inc. purchased a new stake in shares of GE Vernova during the first quarter valued at $27,000. Mowery & Schoenfeld Wealth Management LLC increased 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 buying an additional 53 shares in the last quarter. 1248 Management LLC purchased a new position in GE Vernova in the 1st quarter worth about $31,000. Finally, Saudi Central Bank purchased a new position in GE Vernova in the 1st quarter worth about $33,000.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. JPMorgan Chase & Co. raised their price target on shares of GE Vernova from $620.00 to $715.00 and gave the company an “overweight” rating in a report on Thursday, July 24th. Jefferies Financial Group increased their price objective on shares of GE Vernova from $658.00 to $668.00 and gave the company a “hold” rating in a research report on Friday, September 12th. Wells Fargo & Company lifted their target price on shares of GE Vernova from $474.00 to $697.00 and gave the stock an “overweight” rating in a research report on Thursday, July 24th. BMO Capital Markets boosted their target price on shares of GE Vernova from $590.00 to $690.00 and gave the company an “outperform” rating in a research note on Thursday, July 24th. Finally, Morgan Stanley increased their price target on GE Vernova from $511.00 to $675.00 and gave the company an “overweight” rating in a report on Thursday, July 24th. Four analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, GE Vernova presently has a consensus rating of “Moderate Buy” and a consensus price target of $592.35.

Insider Activity at GE Vernova

In other news, CFO Kenneth Scott Parks sold 3,300 shares of GE Vernova stock in a transaction dated 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 directly owned 7,590 shares of the company’s stock, valued at $4,705,800. The trade was a 30.30% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.15% of the stock is owned by company insiders.

GE Vernova Trading Down 3.5%

GEV opened at $606.80 on Friday. The firm’s 50 day simple moving average is $622.39 and its two-hundred day simple moving average is $486.60. The company has a market capitalization of $165.18 billion, a PE ratio of 146.22, a PEG ratio of 4.58 and a beta of 1.87. GE Vernova Inc. has a 1-year low of $247.07 and a 1-year high of $677.29.

GE Vernova (NYSE:GEV) last issued 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. GE Vernova had a net margin of 3.16% and a return on equity of 13.23%. The firm had revenue of $9.11 billion during the quarter, compared to the consensus estimate of $8.78 billion. During the same quarter in the previous year, the firm posted $4.65 EPS. The company’s revenue for the quarter was up 11.1% compared to the same quarter last year. GE Vernova has set its FY 2025 guidance at EPS. Equities analysts forecast that GE Vernova Inc. will post 6.59 earnings per share for the current fiscal year.

GE Vernova Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 17th. Shareholders 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 yield of 0.2%. GE Vernova’s dividend payout ratio is presently 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.