Realta Investment Advisors Buys 141 Shares of GE Vernova Inc. $GEV

Realta Investment Advisors grew its stake in shares of GE Vernova Inc. (NYSE:GEV) by 7.5% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,017 shares of the company’s stock after acquiring an additional 141 shares during the period. Realta Investment Advisors’ holdings in GE Vernova were worth $1,067,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. 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. Raleigh Capital Management Inc. bought a new position in shares of GE Vernova during the 2nd quarter valued at approximately $37,000. IMA Advisory Services Inc. bought a new position in shares of GE Vernova during the 1st quarter valued at approximately $27,000. EQ Wealth Advisors LLC bought a new position in shares of GE Vernova during the 1st quarter valued at approximately $27,000. Finally, West Branch Capital LLC grew its position in shares of GE Vernova by 25.6% during the 2nd quarter. West Branch Capital LLC now owns 98 shares of the company’s stock valued at $52,000 after acquiring an additional 20 shares during the period.

GE Vernova Price Performance

Shares of NYSE:GEV opened at $595.07 on Friday. The firm has a fifty day moving average price of $623.21 and a two-hundred day moving average price of $500.03. GE Vernova Inc. has a one year low of $252.25 and a one year high of $677.29. The company has a market cap of $161.99 billion, a price-to-earnings ratio of 143.39, a PEG ratio of 4.34 and a beta of 1.72.

GE Vernova (NYSE:GEV) last announced its quarterly 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 net margin of 3.16% and a return on equity of 13.23%. The firm had revenue of $9.11 billion during the quarter, compared to the consensus estimate of $8.78 billion. During the same period last year, the firm earned $4.65 EPS. The business’s quarterly revenue was up 11.1% compared to the same quarter last year. GE Vernova has set its FY 2025 guidance at EPS. Equities research analysts expect that GE Vernova Inc. will post 6.59 EPS for the current fiscal year.

GE Vernova Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on GEV. Citigroup increased their target price on shares of GE Vernova from $544.00 to $670.00 and gave the company a “neutral” rating in a research report on Thursday, July 24th. Melius raised shares of GE Vernova from a “hold” rating to a “buy” rating and set a $740.00 price objective for the company in a report on Monday, September 15th. UBS Group began coverage on shares of GE Vernova in a report on Monday, July 7th. They issued a “buy” rating and a $614.00 price objective for the company. Royal Bank Of Canada set a $605.00 price objective on shares of GE Vernova and gave the stock a “sector perform” rating in a report on Wednesday. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of GE Vernova in a report on Saturday, September 27th. Four equities research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat, GE Vernova presently has a consensus rating of “Moderate Buy” and an average target price of $598.50.

Insider Buying and Selling

In other GE Vernova news, CFO Kenneth Scott Parks sold 3,300 shares of the firm’s stock in a transaction on 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 transaction, the chief financial officer directly owned 7,590 shares of the company’s stock, valued at $4,705,800. This trade represents a 30.30% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.15% of the stock is currently owned by insiders.

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.