GE Vernova Inc. $GEV Holdings Decreased by Claro Advisors LLC

Claro Advisors LLC reduced its stake in shares of GE Vernova Inc. (NYSE:GEV) by 35.1% in the second quarter, Holdings Channel.com reports. The institutional investor owned 905 shares of the company’s stock after selling 489 shares during the period. Claro Advisors LLC’s holdings in GE Vernova were worth $479,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. WFA Asset Management Corp bought a new position in GE Vernova during the 2nd quarter worth $29,000. Highline Wealth Partners LLC grew 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 worth $37,000 after buying an additional 18 shares during the last quarter. Raleigh Capital Management Inc. bought a new position in GE Vernova during the 2nd quarter worth $37,000. Advantage Trust Co bought a new position in GE Vernova during the 2nd quarter worth $40,000. Finally, Solstein Capital LLC bought a new position in GE Vernova during the 2nd quarter worth $44,000.

Insiders Place Their Bets

In related news, CFO Kenneth Scott Parks sold 3,300 shares of the firm’s stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $620.00, for a total transaction of $2,046,000.00. Following the completion of the transaction, the chief financial officer owned 7,590 shares of the company’s stock, 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 the SEC website. 0.15% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts recently commented on GEV shares. Bank of America upped their price objective on GE Vernova from $550.00 to $620.00 and gave the stock a “buy” rating in a research note on Thursday, July 17th. Morgan Stanley upped their price objective on GE Vernova from $690.00 to $710.00 and gave the stock an “overweight” rating in a research note on Thursday, October 30th. Mizuho reduced their price target on GE Vernova from $677.00 to $660.00 and set a “neutral” rating for the company in a research report on Friday, October 24th. Melius raised GE Vernova from a “hold” rating to a “buy” rating and set a $740.00 price target for the company in a research note on Monday, September 15th. Finally, BMO Capital Markets increased their price target on GE Vernova from $690.00 to $710.00 and gave the stock an “outperform” rating in a research note on Thursday, October 23rd. Four 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 issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $607.81.

GE Vernova Stock Performance

NYSE:GEV opened at $559.87 on Thursday. GE Vernova Inc. has a 1 year low of $252.25 and a 1 year high of $677.29. The stock has a market cap of $151.90 billion, a price-to-earnings ratio of 91.18, a PEG ratio of 4.08 and a beta of 1.68. The business has a fifty day moving average of $605.04 and a 200-day moving average of $546.45.

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

GE Vernova Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 17th. Investors of record on Monday, October 20th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, October 20th. This represents a $1.00 annualized dividend and a yield of 0.2%. GE Vernova’s dividend payout ratio (DPR) is currently 16.29%.

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.