551 Shares in GE Vernova Inc. $GEV Purchased by Capstone Financial Advisors Inc.

Capstone Financial Advisors Inc. purchased a new position in shares of GE Vernova Inc. (NYSE:GEV) during the second quarter, HoldingsChannel reports. The firm purchased 551 shares of the company’s stock, valued at approximately $292,000.

A number of other hedge funds also recently made changes to their positions in GEV. Advisors Capital Management LLC boosted its stake in shares of GE Vernova by 0.5% during the 2nd quarter. Advisors Capital Management LLC now owns 3,875 shares of the company’s stock worth $2,051,000 after acquiring an additional 18 shares during the period. L & S Advisors Inc lifted its holdings in GE Vernova by 91.2% during the 2nd quarter. L & S Advisors Inc now owns 12,414 shares of the company’s stock valued at $6,569,000 after purchasing an additional 5,920 shares during the last quarter. Nixon Peabody Trust Co. boosted its position in GE Vernova by 25.3% during the second quarter. Nixon Peabody Trust Co. now owns 841 shares of the company’s stock worth $445,000 after purchasing an additional 170 shares during the period. Trustco Bank Corp N Y increased its holdings in shares of GE Vernova by 8.2% in the second quarter. Trustco Bank Corp N Y now owns 7,203 shares of the company’s stock valued at $3,811,000 after purchasing an additional 544 shares during the last quarter. Finally, Intrua Financial LLC acquired a new position in shares of GE Vernova in the second quarter valued at $248,000.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Melius Research set a $740.00 target price on shares of GE Vernova and gave the stock a “buy” rating in a research note on Monday, September 15th. Weiss Ratings restated a “hold (c)” rating on shares of GE Vernova in a research report on Wednesday, October 8th. Wells Fargo & Company upped their target price on GE Vernova from $697.00 to $717.00 and gave the company an “overweight” rating in a research report on Friday, October 24th. Royal Bank Of Canada increased their target price on GE Vernova from $605.00 to $630.00 and gave the stock a “sector perform” rating in a research note on Thursday, October 23rd. Finally, TD Cowen reduced their price target on GE Vernova from $685.00 to $680.00 and set a “buy” rating for the company in a research note on Thursday, October 23rd. Four equities research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, GE Vernova presently has an average rating of “Moderate Buy” and an average target price of $607.81.

GE Vernova Trading Down 2.9%

NYSE GEV opened at $558.62 on Friday. GE Vernova Inc. has a 1-year low of $252.25 and a 1-year high of $677.29. The company has a 50 day moving average of $600.95 and a 200-day moving average of $554.50. The company has a market cap of $151.56 billion, a price-to-earnings ratio of 90.98, a PEG ratio of 4.28 and a beta of 1.68.

GE Vernova (NYSE:GEV) last posted its quarterly earnings data on Wednesday, October 22nd. The company reported $1.64 EPS for the quarter, missing analysts’ consensus estimates of $1.72 by ($0.08). The company 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%.GE Vernova’s revenue was up 11.8% on a year-over-year basis. During the same quarter last year, the business earned ($0.35) EPS. GE Vernova has set its FY 2025 guidance at EPS. On average, equities research analysts forecast that GE Vernova Inc. will post 6.59 earnings per share for the current year.

GE Vernova Dividend Announcement

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

Insiders Place Their Bets

In related news, CFO Kenneth Scott Parks sold 3,300 shares of the company’s stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $620.00, for a total transaction of $2,046,000.00. Following the completion of the sale, the chief financial officer owned 7,590 shares of the company’s stock, valued at $4,705,800. This represents a 30.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.15% of the stock is owned by corporate insiders.

GE Vernova Company 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.