GE Vernova Inc. $GEV Shares Acquired by West Branch Capital LLC

West Branch Capital LLC increased its stake in GE Vernova Inc. (NYSE:GEV) by 25.6% during the 2nd quarter, HoldingsChannel reports. The firm owned 98 shares of the company’s stock after acquiring an additional 20 shares during the period. West Branch Capital LLC’s holdings in GE Vernova were worth $52,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Highline Wealth Partners LLC boosted its position in shares of GE Vernova by 34.6% during the second quarter. Highline Wealth Partners LLC now owns 70 shares of the company’s stock worth $37,000 after buying an additional 18 shares during the period. IMA Advisory Services Inc. bought a new stake in shares of GE Vernova during the first quarter valued at about $27,000. EQ Wealth Advisors LLC acquired a new stake in GE Vernova in the first quarter worth about $27,000. Mowery & Schoenfeld Wealth Management LLC grew its position in GE Vernova by 115.2% in the 1st quarter. Mowery & Schoenfeld Wealth Management LLC now owns 99 shares of the company’s stock valued at $30,000 after buying an additional 53 shares in the last quarter. Finally, 1248 Management LLC acquired a new position in GE Vernova during the 1st quarter valued at about $31,000.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Citigroup upped their price target on GE Vernova from $544.00 to $670.00 and gave the company a “neutral” rating in a report on Thursday, July 24th. JPMorgan Chase & Co. boosted their target price on GE Vernova from $620.00 to $715.00 and gave the company an “overweight” rating in a research note on Thursday, July 24th. Wolfe Research lowered GE Vernova from an “outperform” rating to a “peer perform” rating in a report on Friday, June 13th. Royal Bank Of Canada reissued an “outperform” rating on shares of GE Vernova in a research note on Thursday, July 24th. Finally, Glj Research began coverage on GE Vernova in a research report on Monday, June 23rd. They set a “buy” rating for the company. Four investment analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $592.35.

GE Vernova Stock Down 0.4%

Shares of NYSE:GEV opened at $605.21 on Friday. The business has a 50 day moving average price of $622.99 and a 200 day moving average price of $488.82. GE Vernova Inc. has a twelve month low of $248.50 and a twelve month high of $677.29. The company has a market cap of $164.75 billion, a price-to-earnings ratio of 145.83, a PEG ratio of 4.43 and a beta of 1.87.

GE Vernova (NYSE:GEV) last issued its quarterly earnings results on Wednesday, July 23rd. The company reported $1.86 EPS for the quarter, topping 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 for the quarter, compared to the consensus estimate of $8.78 billion. During the same period in the previous year, the business posted $4.65 EPS. The company’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. Analysts anticipate that GE Vernova Inc. will post 6.59 EPS for the current year.

GE Vernova Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 17th. Shareholders of record on Monday, October 20th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.2%. The ex-dividend date is Monday, October 20th. GE Vernova’s dividend payout ratio (DPR) is currently 24.10%.

Insider Buying and Selling at GE Vernova

In related news, CFO Kenneth Scott Parks sold 3,300 shares of the stock in a transaction dated Tuesday, August 26th. The shares were 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 owned 7,590 shares in the company, valued at approximately $4,705,800. This trade represents a 30.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.15% of the company’s stock.

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.