Five Oceans Advisors Purchases Shares of 383 GE Vernova Inc. $GEV

Five Oceans Advisors purchased a new stake in GE Vernova Inc. (NYSE:GEV) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 383 shares of the company’s stock, valued at approximately $203,000.

Other large investors have also recently bought and sold shares of the company. EQ Wealth Advisors LLC bought a new stake in shares of GE Vernova during the first quarter worth $27,000. IMA Advisory Services Inc. bought a new stake in shares of GE Vernova during the first quarter worth $27,000. Mowery & Schoenfeld Wealth Management LLC grew its holdings 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 worth $30,000 after purchasing an additional 53 shares during the last quarter. 1248 Management LLC bought a new stake in shares of GE Vernova during the first quarter worth $31,000. Finally, Saudi Central Bank bought a new stake in shares of GE Vernova during the first quarter worth $33,000.

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 dated 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 transaction, the chief financial officer owned 7,590 shares in the company, valued at $4,705,800. The trade was a 30.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.15% of the stock is owned by company insiders.

GE Vernova Trading Down 3.5%

NYSE:GEV opened at $606.80 on Friday. GE Vernova Inc. has a 1-year low of $247.07 and a 1-year high of $677.29. The business’s 50-day moving average price is $622.39 and its two-hundred day moving average price is $486.60. The firm has a market capitalization of $165.18 billion, a price-to-earnings ratio of 146.22, a PEG ratio of 4.58 and a beta of 1.87.

GE Vernova (NYSE:GEV) last released its earnings results on Wednesday, July 23rd. The company reported $1.86 earnings per share 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 firm had revenue of $9.11 billion for the quarter, compared to analyst estimates of $8.78 billion. During the same quarter in the prior year, the firm posted $4.65 earnings per share. The company’s quarterly revenue was up 11.1% on a year-over-year basis. GE Vernova has set its FY 2025 guidance at EPS. Sell-side analysts predict that GE Vernova Inc. will post 6.59 earnings per share for the current year.

GE Vernova Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 17th. Stockholders of record on Monday, October 20th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.2%. The ex-dividend date is Monday, October 20th. GE Vernova’s payout ratio is 24.10%.

Analysts Set New Price Targets

GEV has been the topic of several research analyst reports. Barclays increased their target price on GE Vernova from $580.00 to $706.00 and gave the stock an “overweight” rating in a report on Thursday, July 24th. Citigroup increased their target price on GE Vernova from $544.00 to $670.00 and gave the stock a “neutral” rating in a report on Thursday, July 24th. Robert W. Baird raised their price target on GE Vernova from $568.00 to $706.00 and gave the company an “outperform” rating in a report on Thursday, July 24th. HSBC raised their price target on GE Vernova from $570.00 to $580.00 and gave the company a “hold” rating in a report on Friday, September 5th. Finally, Wolfe Research cut GE Vernova from an “outperform” rating to a “peer perform” rating in a report on Friday, June 13th. Four analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $592.35.

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.