GE Vernova Inc. $GEV Shares Purchased by LRI Investments LLC

LRI Investments LLC raised its stake in shares of GE Vernova Inc. (NYSE:GEV) by 162.5% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 1,546 shares of the company’s stock after purchasing an additional 957 shares during the quarter. LRI Investments LLC’s holdings in GE Vernova were worth $818,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. Sachetta LLC increased its position in shares of GE Vernova by 10.7% in the second quarter. Sachetta LLC now owns 165 shares of the company’s stock worth $87,000 after acquiring an additional 16 shares in the last quarter. Highline Wealth Partners LLC boosted its stake in shares of GE Vernova by 34.6% in the second quarter. Highline Wealth Partners LLC now owns 70 shares of the company’s stock valued at $37,000 after purchasing an additional 18 shares during the period. Atlas Brown Inc. boosted its stake in shares of GE Vernova by 0.8% in the second quarter. Atlas Brown Inc. now owns 2,496 shares of the company’s stock valued at $1,321,000 after purchasing an additional 19 shares during the period. Physician Wealth Advisors Inc. boosted its stake in shares of GE Vernova by 9.0% in the second quarter. Physician Wealth Advisors Inc. now owns 241 shares of the company’s stock valued at $128,000 after purchasing an additional 20 shares during the period. Finally, West Branch Capital LLC boosted its stake in shares of GE Vernova by 25.6% in the second quarter. West Branch Capital LLC now owns 98 shares of the company’s stock valued at $52,000 after purchasing an additional 20 shares during the period.

GE Vernova Price Performance

NYSE GEV opened at $606.30 on Friday. GE Vernova Inc. has a 12 month low of $252.25 and a 12 month high of $677.29. The company has a market capitalization of $165.05 billion, a price-to-earnings ratio of 146.10, a price-to-earnings-growth ratio of 4.40 and a beta of 1.72. The company’s fifty day moving average price is $619.64 and its two-hundred day moving average price is $509.80.

GE Vernova (NYSE:GEV) last posted its quarterly earnings data on Wednesday, July 23rd. The company reported $1.86 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 for the quarter, compared to the consensus estimate of $8.78 billion. During the same period in the prior year, the firm posted $4.65 EPS. The firm’s revenue was up 11.1% compared to the same quarter last year. GE Vernova has set its FY 2025 guidance at EPS. As a group, analysts anticipate that GE Vernova Inc. will post 6.59 EPS for the current year.

GE Vernova Announces Dividend

The firm 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 $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Monday, October 20th. GE Vernova’s dividend payout ratio (DPR) is presently 24.10%.

Insider Activity

In other news, CFO Kenneth Scott Parks sold 3,300 shares of the firm’s stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $620.00, for a total value of $2,046,000.00. Following the transaction, the chief financial officer directly owned 7,590 shares in the company, valued at approximately $4,705,800. This trade represents a 30.30% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.15% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Citigroup upped their target price on shares of GE Vernova from $544.00 to $670.00 and gave the company a “neutral” rating in a research note on Thursday, July 24th. Guggenheim downgraded shares of GE Vernova from a “buy” rating to a “neutral” rating in a research note on Monday, July 28th. Wall Street Zen downgraded shares of GE Vernova from a “buy” rating to a “hold” rating in a research note on Saturday, July 26th. Bank of America upped their target price on shares of GE Vernova from $550.00 to $620.00 and gave the company a “buy” rating in a research note on Thursday, July 17th. Finally, JPMorgan Chase & Co. upped their target price on shares of GE Vernova from $620.00 to $715.00 and gave the company an “overweight” rating in a research note on Thursday, July 24th. Four investment analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average 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.