Values First Advisors Inc. Has $1.69 Million Position in GE Vernova Inc. $GEV

Values First Advisors Inc. lessened its stake in shares of GE Vernova Inc. (NYSE:GEV) by 6.6% during the second quarter, Holdings Channel reports. The fund owned 3,196 shares of the company’s stock after selling 226 shares during the quarter. Values First Advisors Inc.’s holdings in GE Vernova were worth $1,691,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Sachetta LLC increased its stake in GE Vernova by 10.7% during the 2nd quarter. Sachetta LLC now owns 165 shares of the company’s stock valued at $87,000 after purchasing an additional 16 shares in the last quarter. Highline Wealth Partners LLC increased its stake in 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 purchasing an additional 18 shares in the last quarter. Atlas Brown Inc. grew its stake in shares of 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 acquiring an additional 19 shares in the last quarter. Physician Wealth Advisors Inc. grew its stake in shares of GE Vernova by 9.0% in the 2nd quarter. Physician Wealth Advisors Inc. now owns 241 shares of the company’s stock worth $128,000 after acquiring an additional 20 shares in the last quarter. Finally, West Branch Capital LLC grew its stake in shares of GE Vernova by 25.6% in the 2nd quarter. West Branch Capital LLC now owns 98 shares of the company’s stock worth $52,000 after acquiring an additional 20 shares in the last quarter.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Morgan Stanley upped their target price on shares of GE Vernova from $675.00 to $690.00 and gave the stock an “overweight” rating in a research note on Thursday. Guggenheim lowered shares of GE Vernova from a “buy” rating to a “neutral” rating in a research note on Monday, July 28th. Rothschild Redb lowered shares of GE Vernova from a “hold” rating to a “strong sell” rating in a research note on Wednesday. HSBC upped their target price on shares of GE Vernova from $570.00 to $580.00 and gave the stock a “hold” rating in a research note on Friday, September 5th. Finally, Mizuho upped their target price on shares of GE Vernova from $670.00 to $677.00 and gave the stock a “neutral” rating in a research note on Wednesday. Four research analysts have rated the stock with a Strong Buy rating, nineteen have given 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, GE Vernova has an average rating of “Moderate Buy” and an average price target of $592.61.

GE Vernova Stock Down 2.3%

NYSE GEV opened at $601.91 on Friday. The company has a market cap of $163.85 billion, a PE ratio of 145.04, a price-to-earnings-growth ratio of 4.46 and a beta of 1.72. GE Vernova Inc. has a 52 week low of $252.25 and a 52 week high of $677.29. The firm’s 50-day simple moving average is $617.40 and its two-hundred day simple moving average is $517.31.

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

GE Vernova Announces Dividend

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

Insider Activity

In other 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 sale, the chief financial officer directly owned 7,590 shares of the company’s stock, valued at approximately $4,705,800. This represents a 30.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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.