Bryn Mawr Trust Advisors LLC Has $850,000 Stake in GE Vernova Inc. $GEV

Bryn Mawr Trust Advisors LLC lifted its holdings in GE Vernova Inc. (NYSE:GEV) by 10.2% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 1,606 shares of the company’s stock after acquiring an additional 148 shares during the quarter. Bryn Mawr Trust Advisors LLC’s holdings in GE Vernova were worth $850,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Sachetta LLC increased its holdings in shares of GE Vernova by 10.7% in the 2nd quarter. Sachetta LLC now owns 165 shares of the company’s stock valued at $87,000 after purchasing an additional 16 shares during the period. AMG National Trust Bank boosted its holdings in shares of GE Vernova by 1.5% during the second quarter. AMG National Trust Bank now owns 1,145 shares of the company’s stock worth $606,000 after purchasing an additional 17 shares during the period. Highline Wealth Partners LLC grew its position in GE Vernova by 34.6% during the second 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. increased its stake in GE Vernova by 0.8% in the 2nd quarter. Atlas Brown Inc. now owns 2,496 shares of the company’s stock valued at $1,321,000 after buying an additional 19 shares during the period. Finally, Princeton Global Asset Management LLC increased its stake in GE Vernova by 14.4% in the 2nd quarter. Princeton Global Asset Management LLC now owns 151 shares of the company’s stock valued at $80,000 after buying an additional 19 shares during the period.

GE Vernova Stock Performance

NYSE:GEV opened at $575.61 on Friday. The company has a 50-day moving average of $602.58 and a 200-day moving average of $548.30. The company has a market capitalization of $156.18 billion, a price-to-earnings ratio of 93.75, a PEG ratio of 4.09 and a beta of 1.68. GE Vernova Inc. has a 52 week low of $252.25 and a 52 week high of $677.29.

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

GE Vernova Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 17th. Shareholders of record on Monday, October 20th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date is Monday, October 20th. GE Vernova’s dividend payout ratio is 16.29%.

Insider Transactions at GE Vernova

In other GE Vernova news, CFO Kenneth Scott Parks sold 3,300 shares of the stock in a transaction on 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 directly owned 7,590 shares in the company, valued at $4,705,800. This represents a 30.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.15% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Glj Research upped their target price on GE Vernova from $702.00 to $758.00 and gave the stock a “buy” rating in a research report on Wednesday, October 15th. Royal Bank Of Canada lifted their target price on shares of GE Vernova from $605.00 to $630.00 and gave the stock a “sector perform” rating in a report on Thursday, October 23rd. TD Cowen dropped their price target on GE Vernova from $685.00 to $680.00 and set a “buy” rating on the stock in a research report on Thursday, October 23rd. Rothschild & Co Redburn reiterated a “sell” rating and set a $475.00 target price on shares of GE Vernova in a research note on Wednesday, October 15th. Finally, Cowen restated a “buy” rating on shares of GE Vernova in a research report on Thursday, October 23rd. Four equities research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, GE Vernova has a consensus rating of “Moderate Buy” and an average price target of $607.81.

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.