Focus Financial Network Inc. Sells 41 Shares of GE Vernova Inc. $GEV

Focus Financial Network Inc. lessened its holdings in shares of GE Vernova Inc. (NYSE:GEV) by 5.3% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 733 shares of the company’s stock after selling 41 shares during the period. Focus Financial Network Inc.’s holdings in GE Vernova were worth $388,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in GEV. EQ Wealth Advisors LLC acquired a new position in shares of GE Vernova during the first quarter valued at $27,000. IMA Advisory Services Inc. acquired a new position in shares of GE Vernova during the first quarter valued at $27,000. Mowery & Schoenfeld Wealth Management LLC lifted its stake in shares of GE Vernova by 115.2% during the first quarter. Mowery & Schoenfeld Wealth Management LLC now owns 99 shares of the company’s stock valued at $30,000 after acquiring an additional 53 shares during the period. 1248 Management LLC acquired a new position in shares of GE Vernova during the first quarter valued at $31,000. Finally, Saudi Central Bank acquired a new position in GE Vernova in the first quarter valued at about $33,000.

Insider Transactions at GE Vernova

In related news, CFO Kenneth Scott Parks sold 3,300 shares of the business’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 of the company’s stock, valued at approximately $4,705,800. The trade was a 30.30% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.15% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. TD Cowen increased their target price on GE Vernova from $390.00 to $685.00 and gave the company a “buy” rating in a research note on Friday, July 25th. The Goldman Sachs Group lifted their target price on GE Vernova from $500.00 to $570.00 and gave the company a “buy” rating in a research report on Tuesday, June 10th. Citigroup boosted their price target on GE Vernova from $544.00 to $670.00 and gave the stock a “neutral” rating in a research report on Thursday, July 24th. Mizuho lowered GE Vernova from an “outperform” rating to a “neutral” rating and set a $670.00 price target on the stock. in a research report on Monday, July 28th. Finally, Wolfe Research downgraded GE Vernova from an “outperform” rating to a “peer perform” rating in a research note on Friday, June 13th. Four analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $592.35.

GE Vernova Trading Up 2.2%

Shares of GE Vernova stock opened at $624.61 on Friday. The company has a market capitalization of $170.03 billion, a P/E ratio of 150.51, a price-to-earnings-growth ratio of 4.55 and a beta of 1.87. The stock has a fifty day simple moving average of $617.11 and a 200 day simple moving average of $478.45. GE Vernova Inc. has a 12-month low of $242.25 and a 12-month high of $677.29.

GE Vernova (NYSE:GEV) last posted its quarterly earnings data on Wednesday, July 23rd. The company reported $1.86 earnings per share (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 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 previous year, the firm earned $4.65 EPS. The business’s revenue for the quarter was up 11.1% compared to the same quarter last year. GE Vernova has set its FY 2025 guidance at EPS. On average, analysts predict that GE Vernova Inc. will post 6.59 EPS for the current year.

GE Vernova Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 18th. Shareholders of record on Monday, July 21st were given a $0.25 dividend. The ex-dividend date of this dividend was Monday, July 21st. This represents a $1.00 annualized dividend and a yield of 0.2%. GE Vernova’s payout ratio is currently 24.10%.

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.