GE Vernova Inc. $GEV Stake Boosted by First Command Advisory Services Inc.

First Command Advisory Services Inc. grew its stake in shares of GE Vernova Inc. (NYSE:GEV) by 20.1% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 574 shares of the company’s stock after acquiring an additional 96 shares during the period. First Command Advisory Services Inc.’s holdings in GE Vernova were worth $304,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. IMA Advisory Services Inc. bought a new stake in GE Vernova in the first quarter worth $27,000. WFA Asset Management Corp bought a new stake in GE Vernova in the second quarter worth $29,000. Mowery & Schoenfeld Wealth Management LLC boosted its holdings in GE Vernova by 115.2% in the first quarter. Mowery & Schoenfeld Wealth Management LLC now owns 99 shares of the company’s stock worth $30,000 after purchasing an additional 53 shares in the last quarter. 1248 Management LLC bought a new stake in GE Vernova in the first quarter worth $31,000. Finally, Saudi Central Bank bought a new stake in GE Vernova in the first quarter worth $33,000.

Analysts Set New Price Targets

A number of brokerages recently issued reports on GEV. Melius upgraded shares of GE Vernova from a “hold” rating to a “buy” rating and set a $740.00 price objective for the company in a report on Monday, September 15th. Barclays upped their price objective on shares of GE Vernova from $706.00 to $710.00 and gave the stock an “overweight” rating in a report on Thursday, October 23rd. Wells Fargo & Company boosted their target price on shares of GE Vernova from $697.00 to $717.00 and gave the stock an “overweight” rating in a research report on Friday. Rothschild Redb cut shares of GE Vernova from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 15th. Finally, Royal Bank Of Canada upped their price target on shares of GE Vernova from $605.00 to $630.00 and gave the company a “sector perform” rating in a report on Thursday, October 23rd. Four equities research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $607.07.

GE Vernova Price Performance

GEV stock opened at $584.50 on Tuesday. GE Vernova Inc. has a 52-week low of $252.25 and a 52-week high of $677.29. The company has a 50-day moving average of $610.51 and a two-hundred day moving average of $534.28. The stock has a market capitalization of $158.59 billion, a price-to-earnings ratio of 95.20, a price-to-earnings-growth ratio of 4.22 and a beta of 1.72.

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

GE Vernova Dividend Announcement

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

Insider Activity at GE Vernova

In other news, CFO Kenneth Scott Parks sold 3,300 shares of the company’s 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 completion of the transaction, the chief financial officer owned 7,590 shares of the company’s stock, valued at approximately $4,705,800. This represents a 30.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.15% of the company’s stock.

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.