Atlatl Advisers LLC Buys Shares of 2,196 GE Vernova Inc. $GEV

Atlatl Advisers LLC bought a new stake in shares of GE Vernova Inc. (NYSE:GEV) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 2,196 shares of the company’s stock, valued at approximately $1,162,000.

Other large investors have also recently bought and sold shares of the company. IMA Advisory Services Inc. acquired a new position in GE Vernova during the 1st quarter valued at about $27,000. WFA Asset Management Corp acquired a new position in shares of GE Vernova in the 2nd quarter worth approximately $29,000. Mowery & Schoenfeld Wealth Management LLC grew its stake in shares of GE Vernova by 115.2% in the 1st 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 acquired a new position in shares of GE Vernova in the 1st quarter worth approximately $31,000. Finally, Saudi Central Bank acquired a new position in shares of GE Vernova in the 1st quarter worth approximately $33,000.

GE Vernova Price Performance

Shares of GEV opened at $584.68 on Friday. GE Vernova Inc. has a one year low of $252.25 and a one year high of $677.29. The company has a 50-day moving average of $611.31 and a two-hundred day moving average of $531.04. The stock has a market cap of $158.64 billion, a price-to-earnings ratio of 95.23, a PEG ratio of 4.22 and a beta of 1.72.

GE Vernova (NYSE:GEV) last announced its earnings results on Wednesday, October 22nd. The company reported $1.64 EPS for the quarter, missing the consensus estimate of $1.72 by ($0.08). GE Vernova had a return on equity of 17.07% and a net margin of 4.52%.The firm had revenue of $9.97 billion during the quarter, compared to analyst estimates of $9.15 billion. During the same quarter in the previous year, the business earned ($0.35) earnings per share. The business’s quarterly revenue was up 11.8% compared to the same quarter last year. GE Vernova has set its FY 2025 guidance at EPS. Analysts anticipate that GE Vernova Inc. will post 6.59 earnings per share for the current year.

GE Vernova Announces Dividend

The company also recently announced 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 dividend yield of 0.2%. The ex-dividend date is Monday, October 20th. GE Vernova’s dividend payout ratio (DPR) is presently 16.29%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on GEV shares. Royal Bank Of Canada lifted their price objective on shares of GE Vernova from $605.00 to $630.00 and gave the stock a “sector perform” rating in a research note on Thursday. Rothschild & Co Redburn reaffirmed a “sell” rating and issued a $475.00 price objective on shares of GE Vernova in a research note on Wednesday, October 15th. TD Cowen lowered their price objective on shares of GE Vernova from $685.00 to $680.00 and set a “buy” rating on the stock in a research note on Thursday. Glj Research lifted their price objective on shares of GE Vernova from $702.00 to $758.00 and gave the stock a “buy” rating in a research note on Wednesday, October 15th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of GE Vernova from $715.00 to $740.00 and gave the stock an “overweight” rating in a research note on Thursday. Four investment analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $607.59.

Insider Activity at GE Vernova

In other GE Vernova news, CFO Kenneth Scott Parks sold 3,300 shares of the firm’s 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 transaction, 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 sale was disclosed in a filing with the SEC, which is available through this link. 0.15% of the stock is currently owned by insiders.

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.