Advyzon Investment Management LLC Buys New Shares in GE Vernova Inc. $GEV

Advyzon Investment Management LLC purchased a new stake in GE Vernova Inc. (NYSE:GEV) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 381 shares of the company’s stock, valued at approximately $202,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of GEV. IMA Advisory Services Inc. acquired a new stake in GE Vernova during the first quarter valued at approximately $27,000. WFA Asset Management Corp bought a new stake in GE Vernova in the second quarter valued at $29,000. Mowery & Schoenfeld Wealth Management LLC raised its stake in GE Vernova by 115.2% during the first quarter. Mowery & Schoenfeld Wealth Management LLC now owns 99 shares of the company’s stock worth $30,000 after acquiring an additional 53 shares in the last quarter. 1248 Management LLC acquired a new stake in shares of GE Vernova in the 1st quarter valued at $31,000. Finally, Saudi Central Bank bought a new stake in shares of GE Vernova in the 1st quarter worth about $33,000.

Wall Street Analyst Weigh In

Several brokerages have recently commented on GEV. Citigroup reduced their target price on GE Vernova from $670.00 to $658.00 and set a “neutral” rating on the stock in a report on Thursday, October 23rd. Rothschild & Co Redburn restated a “sell” rating and set a $475.00 target price on shares of GE Vernova in a report on Wednesday, October 15th. Wells Fargo & Company lifted their price target on GE Vernova from $697.00 to $717.00 and gave the company an “overweight” rating in a report on Friday, October 24th. Robert W. Baird increased their price objective on shares of GE Vernova from $568.00 to $706.00 and gave the stock an “outperform” rating in a report on Thursday, July 24th. Finally, Glj Research raised their price objective on shares of GE Vernova from $702.00 to $758.00 and gave the company a “buy” rating in a research report on Wednesday, October 15th. Four equities research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, GE Vernova currently has a consensus rating of “Moderate Buy” and an average target price of $607.81.

Insider Buying and Selling at GE Vernova

In other 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 transaction, the chief financial officer directly owned 7,590 shares of the company’s stock, valued at $4,705,800. This trade represents a 30.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.15% of the stock is currently owned by corporate insiders.

GE Vernova Price Performance

Shares of NYSE GEV opened at $575.07 on Thursday. GE Vernova Inc. has a fifty-two week low of $252.25 and a fifty-two week high of $677.29. The firm has a market capitalization of $156.03 billion, a P/E ratio of 93.66, a P/E/G ratio of 4.28 and a beta of 1.68. The company’s 50 day simple moving average is $601.77 and its 200 day simple moving average is $554.47.

GE Vernova (NYSE:GEV) last released 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). GE Vernova had a net margin of 4.52% and a return on equity of 17.07%. The company had revenue of $9.97 billion during the quarter, compared to the consensus estimate of $9.15 billion. During the same quarter in the prior year, the company posted ($0.35) EPS. The company’s revenue for the quarter was up 11.8% compared to the same quarter last year. GE Vernova has set its FY 2025 guidance at EPS. Sell-side analysts expect that GE Vernova Inc. will post 6.59 EPS for the current fiscal year.

GE Vernova Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 17th. Shareholders of record on Monday, October 20th will be issued a $0.25 dividend. The ex-dividend date is Monday, October 20th. This represents a $1.00 annualized dividend and a yield of 0.2%. GE Vernova’s dividend payout ratio (DPR) is 16.29%.

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.