397 Shares in GE Vernova Inc. $GEV Acquired by Archvest Wealth Advisors Inc.

Archvest Wealth Advisors Inc. bought a new position in shares of GE Vernova Inc. (NYSE:GEV) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 397 shares of the company’s stock, valued at approximately $210,000.

Other institutional investors also recently modified their holdings of the company. DNB Asset Management AS boosted its holdings in shares of GE Vernova by 8.2% during the 2nd quarter. DNB Asset Management AS now owns 84,344 shares of the company’s stock worth $44,631,000 after buying an additional 6,428 shares during the period. Entropy Technologies LP raised its holdings in GE Vernova by 43.2% in the 2nd quarter. Entropy Technologies LP now owns 22,588 shares of the company’s stock worth $11,952,000 after acquiring an additional 6,809 shares during the period. Swiss National Bank lifted its position in GE Vernova by 6.4% during the 2nd quarter. Swiss National Bank now owns 827,465 shares of the company’s stock worth $437,853,000 after acquiring an additional 50,100 shares during the last quarter. Personal CFO Solutions LLC lifted its position in GE Vernova by 8.1% during the 2nd quarter. Personal CFO Solutions LLC now owns 1,590 shares of the company’s stock worth $841,000 after acquiring an additional 119 shares during the last quarter. Finally, Marsico Capital Management LLC boosted its holdings in GE Vernova by 1.5% during the second quarter. Marsico Capital Management LLC now owns 314,076 shares of the company’s stock valued at $166,193,000 after acquiring an additional 4,503 shares during the period.

GE Vernova Stock Down 6.1%

NYSE GEV opened at $558.94 on Friday. GE Vernova Inc. has a twelve month low of $252.25 and a twelve month high of $677.29. The stock has a market cap of $151.65 billion, a P/E ratio of 91.03, a PEG ratio of 4.43 and a beta of 1.68. The company’s 50-day simple moving average is $596.92 and its 200 day simple moving average is $561.26.

GE Vernova (NYSE:GEV) last announced its quarterly earnings results 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 return on equity of 17.07% and a net margin of 4.52%.The business had revenue of $9.97 billion for the quarter, compared to the consensus estimate of $9.15 billion. During the same quarter in the prior year, the business earned ($0.35) EPS. The firm’s revenue for the quarter was up 11.8% on a year-over-year basis. GE Vernova has set its FY 2025 guidance at EPS. Research analysts anticipate that GE Vernova Inc. will post 6.59 earnings per share for the current year.

GE Vernova Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, November 17th. Investors of record on Monday, October 20th were paid a $0.25 dividend. The ex-dividend date of this dividend was Monday, October 20th. This represents a $1.00 annualized dividend and a yield of 0.2%. GE Vernova’s payout ratio is currently 16.29%.

Insiders Place Their Bets

In other GE Vernova 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 transaction of $2,046,000.00. Following the completion of the transaction, the chief financial officer directly owned 7,590 shares in the company, 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 SEC, which can be accessed through this link. 0.15% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have recently commented on GEV shares. Redburn Partners set a $475.00 price objective on GE Vernova in a research note on Wednesday, October 15th. JPMorgan Chase & Co. lifted their price target on GE Vernova from $715.00 to $740.00 and gave the stock an “overweight” rating in a research report on Thursday, October 23rd. Melius Research set a $740.00 price target on GE Vernova and gave the stock a “buy” rating in a report on Monday, September 15th. Rothschild Redb downgraded shares of GE Vernova from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 15th. Finally, Cowen reaffirmed a “buy” rating on shares of GE Vernova in a research report on Thursday, October 23rd. Four investment analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $607.81.

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.