Aspire Growth Partners LLC Purchases New Position in GE Vernova Inc. $GEV

Aspire Growth Partners LLC purchased a new stake in GE Vernova Inc. (NYSE:GEV) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,181 shares of the company’s stock, valued at approximately $625,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. WFA Asset Management Corp acquired a new stake in GE Vernova during the second quarter valued at $29,000. 1248 Management LLC acquired a new position in shares of GE Vernova in the first quarter worth about $31,000. Saudi Central Bank purchased a new stake in shares of GE Vernova during the 1st quarter worth about $33,000. Ransom Advisory Ltd acquired a new stake in shares of GE Vernova during the 1st quarter valued at about $33,000. Finally, Highline Wealth Partners LLC grew its position in shares of GE Vernova by 34.6% during the 2nd quarter. Highline Wealth Partners LLC now owns 70 shares of the company’s stock valued at $37,000 after acquiring an additional 18 shares during the period.

GE Vernova Stock Performance

Shares of GE Vernova stock opened at $597.59 on Friday. The business’s 50 day moving average price is $592.17 and its 200 day moving average price is $568.67. The company has a market cap of $162.14 billion, a price-to-earnings ratio of 97.33, a PEG ratio of 4.39 and a beta of 1.68. GE Vernova Inc. has a one year low of $252.25 and a one year high of $677.29.

GE Vernova (NYSE:GEV) last issued its earnings results on Wednesday, October 22nd. The company reported $1.64 earnings per share (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 company had revenue of $9.97 billion during the quarter, compared to analyst estimates of $9.15 billion. During the same period last year, the business earned ($0.35) earnings per share. The firm’s revenue was up 11.8% 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 fiscal year.

GE Vernova Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, November 17th. Shareholders of record on Monday, October 20th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, October 20th. This represents a $1.00 dividend on an annualized basis and a yield of 0.2%. GE Vernova’s payout ratio is 16.29%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. Glj Research upped their price target on GE Vernova from $702.00 to $758.00 and gave the stock a “buy” rating in a report on Wednesday, October 15th. Mizuho cut their price objective on GE Vernova from $677.00 to $660.00 and set a “neutral” rating for the company in a research report on Friday, October 24th. Jefferies Financial Group reiterated a “hold” rating and set a $654.00 target price on shares of GE Vernova in a research report on Monday, October 27th. UBS Group set a $710.00 price target on shares of GE Vernova in a report on Thursday, October 23rd. Finally, Rothschild Redb downgraded shares of GE Vernova from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 15th. Four research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price 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.