Valley Brook Capital Group Inc. Has $398,000 Stock Position in GE Vernova Inc. $GEV

Valley Brook Capital Group Inc. decreased its position in GE Vernova Inc. (NYSE:GEV) by 3.2% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 752 shares of the company’s stock after selling 25 shares during the period. Valley Brook Capital Group Inc.’s holdings in GE Vernova were worth $398,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in GEV. Brighton Jones LLC boosted its stake in GE Vernova by 29.4% in the 4th quarter. Brighton Jones LLC now owns 3,315 shares of the company’s stock worth $1,091,000 after purchasing an additional 753 shares during the period. GAMMA Investing LLC boosted its stake in GE Vernova by 8.4% in the 1st quarter. GAMMA Investing LLC now owns 7,015 shares of the company’s stock worth $2,142,000 after purchasing an additional 542 shares during the period. Integrated Advisors Network LLC boosted its stake in GE Vernova by 10.4% in the 1st quarter. Integrated Advisors Network LLC now owns 1,531 shares of the company’s stock worth $467,000 after purchasing an additional 144 shares during the period. Simon Quick Advisors LLC boosted its stake in GE Vernova by 15.1% in the 1st quarter. Simon Quick Advisors LLC now owns 2,089 shares of the company’s stock worth $638,000 after purchasing an additional 274 shares during the period. Finally, NorthCrest Asset Manangement LLC boosted its stake in GE Vernova by 35.4% in the 1st quarter. NorthCrest Asset Manangement LLC now owns 976 shares of the company’s stock worth $298,000 after purchasing an additional 255 shares during the period.

GE Vernova Price Performance

GE Vernova stock opened at $606.30 on Friday. The firm has a 50-day moving average of $619.64 and a 200-day moving average of $509.80. GE Vernova Inc. has a one year low of $252.25 and a one year high of $677.29. The company has a market cap of $165.05 billion, a price-to-earnings ratio of 146.10, a P/E/G ratio of 4.40 and a beta of 1.72.

GE Vernova (NYSE:GEV) last posted its quarterly earnings data on Wednesday, July 23rd. The company reported $1.86 EPS for the quarter, topping 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 company had revenue of $9.11 billion during the quarter, compared to the consensus estimate of $8.78 billion. During the same period in the prior year, the business posted $4.65 EPS. The company’s quarterly revenue was up 11.1% on a year-over-year basis. GE Vernova has set its FY 2025 guidance at EPS. As a group, sell-side analysts expect that GE Vernova Inc. will post 6.59 earnings per share for the current year.

GE Vernova Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, November 17th. Stockholders of record on Monday, October 20th will be issued 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 of this dividend is Monday, October 20th. GE Vernova’s dividend payout ratio is presently 24.10%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on GEV. Wells Fargo & Company upped their target price on shares of GE Vernova from $474.00 to $697.00 and gave the stock an “overweight” rating in a research note on Thursday, July 24th. TD Cowen upped their target price on shares of GE Vernova from $390.00 to $685.00 and gave the stock a “buy” rating in a research note on Friday, July 25th. Robert W. Baird upped their target price on shares of GE Vernova from $568.00 to $706.00 and gave the stock an “outperform” rating in a research note on Thursday, July 24th. BMO Capital Markets upped their target price on shares of GE Vernova from $590.00 to $690.00 and gave the stock an “outperform” rating in a research note on Thursday, July 24th. Finally, Barclays upped their target price on shares of GE Vernova from $580.00 to $706.00 and gave the stock an “overweight” rating in a research note on Thursday, July 24th. Four analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $598.50.

Insider Activity

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 value of $2,046,000.00. Following the sale, the chief financial officer directly owned 7,590 shares of the company’s stock, valued at approximately $4,705,800. This represents a 30.30% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.15% of the company’s stock.

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.