Wealthstream Advisors Inc. Has $832,000 Stock Holdings in GE Vernova Inc. $GEV

Wealthstream Advisors Inc. lifted its position in GE Vernova Inc. (NYSE:GEV) by 5.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,572 shares of the company’s stock after acquiring an additional 86 shares during the period. Wealthstream Advisors Inc.’s holdings in GE Vernova were worth $832,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Caitong International Asset Management Co. Ltd acquired a new stake in shares of GE Vernova in the 1st quarter valued at approximately $912,000. Pines Wealth Management LLC acquired a new stake in shares of GE Vernova in the 2nd quarter valued at approximately $408,000. Resona Asset Management Co. Ltd. raised its position in shares of GE Vernova by 8.2% in the 1st quarter. Resona Asset Management Co. Ltd. now owns 86,021 shares of the company’s stock valued at $26,229,000 after acquiring an additional 6,551 shares during the period. Lockheed Martin Investment Management Co. acquired a new stake in shares of GE Vernova in the 1st quarter valued at approximately $458,000. Finally, Golden State Wealth Management LLC raised its position in shares of GE Vernova by 201.7% in the 1st quarter. Golden State Wealth Management LLC now owns 1,222 shares of the company’s stock valued at $373,000 after acquiring an additional 817 shares during the period.

Insider Activity

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

GE Vernova Stock Down 0.4%

NYSE GEV opened at $599.62 on Friday. GE Vernova Inc. has a 12-month low of $252.25 and a 12-month high of $677.29. The company has a market capitalization of $163.23 billion, a PE ratio of 144.49, a price-to-earnings-growth ratio of 4.35 and a beta of 1.72. The firm’s 50 day moving average is $616.42 and its 200-day moving average is $520.58.

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

GE Vernova Announces Dividend

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 $0.25 dividend. The ex-dividend date is Monday, October 20th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.2%. GE Vernova’s dividend payout ratio (DPR) is 24.10%.

Analyst Ratings Changes

Several analysts have commented on the stock. Seaport Res Ptn upgraded shares of GE Vernova to a “strong-buy” rating in a report on Thursday, July 10th. Redburn Partners set a $475.00 target price on shares of GE Vernova in a report on Wednesday. Melius Research set a $740.00 target price on shares of GE Vernova and gave the stock a “buy” rating in a report on Monday, September 15th. Susquehanna raised their target price on shares of GE Vernova from $736.00 to $740.00 and gave the stock a “positive” rating in a report on Monday, October 13th. Finally, Royal Bank Of Canada set a $605.00 target price on shares of GE Vernova and gave the stock a “sector perform” rating in a report on Wednesday, October 1st. Four investment analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, GE Vernova has a consensus rating of “Moderate Buy” and a consensus price target of $592.61.

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.