Ballast Advisors LLC Invests $214,000 in GE Vernova Inc. $GEV

Ballast Advisors LLC acquired a new position in shares of GE Vernova Inc. (NYSE:GEV) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 405 shares of the company’s stock, valued at approximately $214,000.

Several other large investors also recently modified their holdings of GEV. IMA Advisory Services Inc. acquired a new stake in shares of GE Vernova during the 1st quarter worth approximately $27,000. WFA Asset Management Corp acquired a new stake in shares of GE Vernova during the 2nd quarter worth approximately $29,000. Mowery & Schoenfeld Wealth Management LLC grew its position in GE Vernova by 115.2% in the 1st quarter. Mowery & Schoenfeld Wealth Management LLC now owns 99 shares of the company’s stock valued at $30,000 after purchasing an additional 53 shares during the period. 1248 Management LLC acquired a new stake in GE Vernova in the 1st quarter valued at $31,000. Finally, Saudi Central Bank acquired a new stake in GE Vernova in the 1st quarter valued at $33,000.

Insider Transactions at GE Vernova

In related news, CFO Kenneth Scott Parks sold 3,300 shares of the business’s stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $620.00, for a total value of $2,046,000.00. Following the sale, the chief financial officer directly owned 7,590 shares in the company, valued at approximately $4,705,800. The trade was a 30.30% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.15% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on GEV. Redburn Partners set a $475.00 price target on shares of GE Vernova in a research report on Wednesday, October 15th. Seaport Res Ptn upgraded GE Vernova to a “strong-buy” rating in a research note on Thursday, July 10th. Melius Research set a $740.00 price objective on shares of GE Vernova and gave the stock a “buy” rating in a report on Monday, September 15th. Glj Research lifted their price objective on shares of GE Vernova from $702.00 to $758.00 and gave the stock a “buy” rating in a report on Wednesday, October 15th. Finally, Guggenheim downgraded shares of GE Vernova from a “buy” rating to a “neutral” rating in a report on Monday, July 28th. Four equities research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $607.59.

GE Vernova Price Performance

NYSE GEV opened at $584.68 on Friday. The stock has a market capitalization of $158.64 billion, a price-to-earnings ratio of 95.23, a PEG ratio of 4.22 and a beta of 1.72. GE Vernova Inc. has a one year low of $252.25 and a one year high of $677.29. The business’s fifty day moving average is $611.31 and its 200-day moving average is $531.04.

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

GE Vernova Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 17th. Investors of record on Monday, October 20th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date is Monday, October 20th. GE Vernova’s payout ratio is currently 16.29%.

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.