GE Vernova Inc. $GEV Shares Purchased by Worth Financial Advisory Group LLC

Worth Financial Advisory Group LLC increased its position in GE Vernova Inc. (NYSE:GEV) by 11.1% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 799 shares of the company’s stock after acquiring an additional 80 shares during the period. Worth Financial Advisory Group LLC’s holdings in GE Vernova were worth $423,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in GE Vernova by 1.8% in the 1st quarter. Vanguard Group Inc. now owns 24,392,613 shares of the company’s stock valued at $7,446,577,000 after acquiring an additional 432,830 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in shares of GE Vernova by 7.4% in the first quarter. Goldman Sachs Group Inc. now owns 3,129,958 shares of the company’s stock worth $955,513,000 after purchasing an additional 214,483 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of GE Vernova by 21.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,080,006 shares of the company’s stock worth $634,984,000 after purchasing an additional 367,150 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of GE Vernova by 50.9% in the first quarter. Wellington Management Group LLP now owns 2,029,948 shares of the company’s stock worth $619,703,000 after purchasing an additional 684,794 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its position in shares of GE Vernova by 47.4% in the first quarter. Massachusetts Financial Services Co. MA now owns 1,937,018 shares of the company’s stock worth $591,333,000 after purchasing an additional 622,730 shares in the last quarter.

Insiders Place Their Bets

In other GE Vernova news, CFO Kenneth Scott Parks sold 3,300 shares of GE Vernova stock in a transaction on 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 sale, the chief financial officer owned 7,590 shares in the company, valued at $4,705,800. The trade was a 30.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.15% of the stock is owned by corporate insiders.

GE Vernova Trading Down 0.4%

Shares of GE Vernova stock opened at $605.21 on Friday. The company’s fifty day simple moving average is $622.99 and its 200-day simple moving average is $490.14. The company has a market cap of $164.75 billion, a price-to-earnings ratio of 145.83, a PEG ratio of 4.41 and a beta of 1.87. GE Vernova Inc. has a 1 year low of $248.50 and a 1 year high of $677.29.

GE Vernova (NYSE:GEV) last announced its quarterly earnings data on Wednesday, July 23rd. The company reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.63 by $0.23. The business had revenue of $9.11 billion for the quarter, compared to the consensus estimate of $8.78 billion. GE Vernova had a net margin of 3.16% and a return on equity of 13.23%. GE Vernova’s quarterly revenue was up 11.1% on a year-over-year basis. During the same quarter last year, the company posted $4.65 earnings per share. GE Vernova has set its FY 2025 guidance at EPS. As a group, research analysts forecast that GE Vernova Inc. will post 6.59 earnings per share for the current fiscal year.

GE Vernova Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 17th. Shareholders 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 payout ratio is currently 24.10%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Melius Research set a $740.00 price target on shares of GE Vernova and gave the stock a “buy” rating in a research report on Monday, September 15th. Guggenheim lowered shares of GE Vernova from a “buy” rating to a “neutral” rating in a research report on Monday, July 28th. Mizuho lowered shares of GE Vernova from an “outperform” rating to a “neutral” rating and set a $670.00 price objective on the stock. in a research report on Monday, July 28th. Barclays raised their price objective on shares of GE Vernova from $580.00 to $706.00 and gave the company an “overweight” rating in a research report on Thursday, July 24th. Finally, TD Cowen increased their price target on GE Vernova from $390.00 to $685.00 and gave the company a “buy” rating in a report on Friday, July 25th. 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. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $592.35.

About GE Vernova

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.