798 GE Vernova Inc. $GEV Shares Bought by International Private Wealth Advisors LLC

International Private Wealth Advisors LLC boosted its stake in GE Vernova Inc. (NYSE:GEV) by 55.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,250 shares of the company’s stock after buying an additional 798 shares during the period. International Private Wealth Advisors LLC’s holdings in GE Vernova were worth $2,139,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of GEV. BlackRock Inc. bought a new position in shares of GE Vernova in the 2nd quarter worth approximately $25,569,630,000. State Street Corp lifted its stake in shares of GE Vernova by 3.3% in the 2nd quarter. State Street Corp now owns 11,765,340 shares of the company’s stock valued at $13,828,380,000 after purchasing an additional 370,842 shares during the period. Bank of America Corp DE purchased a new position in shares of GE Vernova in the 2nd quarter valued at approximately $2,961,612,000. Bank of New York Mellon Corp purchased a new position in shares of GE Vernova in the 2nd quarter valued at approximately $2,497,472,000. Finally, Jupiter Topco LLC bought a new stake in shares of GE Vernova during the second quarter valued at approximately $2,371,538,000.

GE Vernova Price Performance

GEV stock opened at $809.59 on Thursday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.62 and a current ratio of 0.83. The firm has a 50 day moving average price of $917.88 and a 200-day moving average price of $946.85. GE Vernova Inc. has a 52-week low of $530.16 and a 52-week high of $1,195.94. The firm has a market capitalization of $214.28 billion, a price-to-earnings ratio of 21.24, a PEG ratio of 2.60 and a beta of 1.25.

GE Vernova (NYSE:GEV) last posted its quarterly earnings results on Wednesday, October 28th. The company reported $4.81 earnings per share for the quarter, topping the consensus estimate of $4.03 by $0.78. GE Vernova had a return on equity of 46.50% and a net margin of 23.54%. The company had revenue of $12.64 billion for the quarter, compared to the consensus estimate of $11.99 billion. During the same quarter in the prior year, the business posted $1.64 EPS. The firm’s quarterly revenue was up 26.8% compared to the same quarter last year. Equities research analysts forecast that GE Vernova Inc. will post 16.13 EPS for the current fiscal year.

GE Vernova Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 24th. Shareholders of record on Tuesday, October 27th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Tuesday, October 27th. GE Vernova’s payout ratio is 5.25%.

GE Vernova News Roundup

These are some of the GEV news items that stood out recently:

• Positive Sentiment: GE Vernova plans to invest $34.5 million to expand Louisiana transformer manufacturing capacity, positioning the business to serve rising grid-infrastructure demand. GE Vernova to spend $34.5M expanding Louisiana transformer manufacturing capacity
• Neutral Sentiment: The company validated milestones for hydrogen-capable aeroderivative turbines, a potential longer-term opportunity, though the report does not indicate a near-term earnings impact. GE Vernova Advances Hydrogen Capabilities
• Negative Sentiment: Despite the surge in total orders, electrification orders fell 9% year over year, a notable weak spot given the importance of grid equipment to the company’s growth outlook. GE Vernova’s Orders Jumped 96%

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on GEV shares. The Goldman Sachs Group raised GE Vernova from a “buy” rating to a “market outperform” rating in a research note on Monday, September 14th. Oppenheimer reiterated an “outperform” rating on shares of GE Vernova in a report on Wednesday, October 28th. JPMorgan Chase & Co. dropped their target price on shares of GE Vernova from $1,035.00 to $1,000.00 and set an “overweight” rating on the stock in a report on Wednesday. Jefferies Financial Group reaffirmed a “buy” rating and issued a $1,100.00 target price on shares of GE Vernova in a research report on Thursday, October 29th. Finally, Mizuho increased their price target on shares of GE Vernova from $913.00 to $949.00 and gave the stock a “neutral” rating in a research note on Friday, July 24th. Two analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $1,143.03.

GE Vernova Profile

GE Vernova is an energy technology company that designs, manufactures and services equipment used to generate, transmit and distribute electricity. It became an independent public company in April 2024 after separating from General Electric, which had built its energy businesses over more than a century. The company operates through three main businesses: Power, Wind and Electrification. Its offerings include gas and steam turbines, hydropower technologies and related services; onshore and offshore wind turbines; and grid equipment, power-conversion systems and software used to support electricity networks.