Optimize Financial Inc Acquires New Stake in GE Vernova Inc. $GEV

Optimize Financial Inc acquired a new stake in GE Vernova Inc. (NYSE:GEV) during the 1st quarter, HoldingsChannel reports. The firm acquired 724 shares of the company’s stock, valued at approximately $221,000.

Several other institutional investors have also bought and sold shares of GEV. Brighton Jones LLC lifted its stake in GE Vernova by 29.4% in the fourth quarter. Brighton Jones LLC now owns 3,315 shares of the company’s stock valued at $1,091,000 after purchasing an additional 753 shares during the last quarter. American Assets Inc. bought a new stake in GE Vernova during the 4th quarter valued at $658,000. Focus Partners Wealth raised its holdings in GE Vernova by 18.3% during the 4th quarter. Focus Partners Wealth now owns 34,166 shares of the company’s stock valued at $11,754,000 after acquiring an additional 5,283 shares during the period. Janus Henderson Group PLC raised its holdings in GE Vernova by 0.4% during the 4th quarter. Janus Henderson Group PLC now owns 33,013 shares of the company’s stock valued at $10,867,000 after acquiring an additional 132 shares during the period. Finally, Interval Partners LP raised its holdings in GE Vernova by 35.7% during the 4th quarter. Interval Partners LP now owns 3,585 shares of the company’s stock valued at $1,179,000 after acquiring an additional 944 shares during the period.

Analyst Ratings Changes

GEV has been the topic of a number of analyst reports. Wolfe Research cut shares of GE Vernova from an “outperform” rating to a “peer perform” rating in a report on Friday, June 13th. Barclays boosted their target price on shares of GE Vernova from $580.00 to $706.00 and gave the company an “overweight” rating in a report on Thursday, July 24th. HSBC boosted their target price on shares of GE Vernova from $570.00 to $580.00 and gave the company a “hold” rating in a report on Friday, September 5th. Wall Street Zen cut shares of GE Vernova from a “buy” rating to a “hold” rating in a report on Saturday, July 26th. Finally, Guggenheim cut shares of GE Vernova from a “buy” rating to a “neutral” rating in a report on Monday, July 28th. Four research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat, GE Vernova has a consensus rating of “Moderate Buy” and an average price target of $573.75.

GE Vernova Stock Performance

GE Vernova stock opened at $605.65 on Wednesday. The stock has a market cap of $164.87 billion, a P/E ratio of 145.94, a PEG ratio of 4.15 and a beta of 1.88. GE Vernova Inc. has a fifty-two week low of $199.14 and a fifty-two week high of $677.29. The firm’s fifty day moving average price is $601.36 and its 200-day moving average price is $461.60.

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

GE Vernova Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 18th. Investors of record on Monday, July 21st were 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 of this dividend was Monday, July 21st. GE Vernova’s dividend payout ratio is currently 24.10%.

Insider Buying and Selling

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

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.