IAM Advisory LLC Has $1.05 Million Stock Position in GE Vernova Inc. $GEV

IAM Advisory LLC boosted its holdings in shares of GE Vernova Inc. (NYSE:GEV) by 4.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,984 shares of the company’s stock after buying an additional 78 shares during the period. IAM Advisory LLC’s holdings in GE Vernova were worth $1,050,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Atlas Brown Inc. increased its position in GE Vernova by 0.8% in the 2nd quarter. Atlas Brown Inc. now owns 2,496 shares of the company’s stock worth $1,321,000 after purchasing an additional 19 shares during the last quarter. Westover Capital Advisors LLC increased its position in GE Vernova by 2.3% in the 1st quarter. Westover Capital Advisors LLC now owns 1,130 shares of the company’s stock worth $345,000 after purchasing an additional 25 shares during the last quarter. SVB Wealth LLC increased its position in GE Vernova by 0.7% in the 1st quarter. SVB Wealth LLC now owns 3,585 shares of the company’s stock worth $1,094,000 after purchasing an additional 26 shares during the last quarter. Stonebridge Financial Group LLC increased its position in GE Vernova by 8.9% in the 1st quarter. Stonebridge Financial Group LLC now owns 344 shares of the company’s stock worth $105,000 after purchasing an additional 28 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. increased its position in GE Vernova by 0.4% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 8,510 shares of the company’s stock worth $2,598,000 after purchasing an additional 30 shares during the last quarter.

GE Vernova Price Performance

GEV stock opened at $628.09 on Tuesday. The business has a fifty day moving average price of $610.59 and a 200 day moving average price of $471.14. GE Vernova Inc. has a fifty-two week low of $225.24 and a fifty-two week high of $677.29. The stock has a market capitalization of $170.98 billion, a price-to-earnings ratio of 151.35, a P/E/G ratio of 4.32 and a beta of 1.87.

GE Vernova (NYSE:GEV) last released its earnings results on Wednesday, July 23rd. The company reported $1.86 EPS for the quarter, beating the consensus estimate of $1.63 by $0.23. GE Vernova had a return on equity of 13.23% and a net margin of 3.16%.The company had revenue of $9.11 billion during the quarter, compared to analysts’ expectations of $8.78 billion. During the same period last year, the firm earned $4.65 EPS. The business’s revenue for the quarter was up 11.1% on a year-over-year basis. GE Vernova has set its FY 2025 guidance at EPS. On average, equities analysts expect that GE Vernova Inc. will post 6.59 earnings per share for the current fiscal year.

GE Vernova Dividend Announcement

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

Analysts Set New Price Targets

Several brokerages have weighed in on GEV. Susquehanna upped their target price on GE Vernova from $662.00 to $736.00 and gave the stock a “positive” rating in a research report on Thursday, July 24th. Robert W. Baird upped their target price on GE Vernova from $568.00 to $706.00 and gave the stock an “outperform” rating in a research report on Thursday, July 24th. Melius Research set a $740.00 target price on GE Vernova and gave the stock a “buy” rating in a research report on Monday. Wells Fargo & Company upped their target price on GE Vernova from $474.00 to $697.00 and gave the stock an “overweight” rating in a research report on Thursday, July 24th. Finally, Citigroup upped their price target on GE Vernova from $544.00 to $670.00 and gave the stock a “neutral” rating in a research note on Thursday, July 24th. Four equities research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $592.35.

Insider Buying and Selling

In other GE Vernova news, CFO Kenneth Scott Parks sold 3,300 shares of the stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $620.00, for a total value of $2,046,000.00. Following the completion of the sale, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.15% of the company’s stock.

GE Vernova 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.