Cornell Pochily Investment Advisors Inc. Takes Position in GE Vernova Inc. $GEV

Cornell Pochily Investment Advisors Inc. acquired a new stake in shares of GE Vernova Inc. (NYSE:GEV) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 392 shares of the company’s stock, valued at approximately $207,000.

A number of other large investors have also recently made changes to their positions in GEV. EQ Wealth Advisors LLC acquired a new position in GE Vernova during the first quarter valued at $27,000. IMA Advisory Services Inc. acquired a new position in GE Vernova during the first quarter valued at $27,000. Mowery & Schoenfeld Wealth Management LLC lifted its position in GE Vernova by 115.2% during the first quarter. Mowery & Schoenfeld Wealth Management LLC now owns 99 shares of the company’s stock valued at $30,000 after purchasing an additional 53 shares during the period. 1248 Management LLC acquired a new position in GE Vernova during the first quarter valued at $31,000. Finally, Saudi Central Bank acquired a new position in GE Vernova during the first quarter valued at $33,000.

Analysts Set New Price Targets

A number of research firms recently issued reports on GEV. HSBC boosted their target price on shares of GE Vernova from $570.00 to $580.00 and gave the company a “hold” rating in a research report on Friday, September 5th. Glj Research began coverage on shares of GE Vernova in a research report on Monday, June 23rd. They set a “buy” rating for the company. Jefferies Financial Group boosted their target price on shares of GE Vernova from $658.00 to $668.00 and gave the company a “hold” rating in a research report on Friday, September 12th. Melius upgraded shares of GE Vernova from a “hold” rating to a “buy” rating and set a $740.00 price objective for the company in a research report on Monday, September 15th. Finally, Robert W. Baird upped their price objective on shares of GE Vernova from $568.00 to $706.00 and gave the stock an “outperform” rating in a research report on Thursday, July 24th. Four equities research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $598.50.

GE Vernova Stock Performance

Shares of GE Vernova stock opened at $606.80 on Friday. The firm has a 50-day simple moving average of $624.20 and a two-hundred day simple moving average of $496.99. The company has a market cap of $165.18 billion, a P/E ratio of 146.22, a price-to-earnings-growth ratio of 4.42 and a beta of 1.72. GE Vernova Inc. has a fifty-two week low of $250.89 and a fifty-two week high of $677.29.

GE Vernova (NYSE:GEV) last released its earnings results on Wednesday, July 23rd. The company reported $1.86 EPS for the quarter, topping analysts’ consensus estimates of $1.63 by $0.23. The business had revenue of $9.11 billion during the quarter, compared to analysts’ expectations of $8.78 billion. GE Vernova had a net margin of 3.16% and a return on equity of 13.23%. The company’s quarterly revenue was up 11.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $4.65 earnings per share. GE Vernova has set its FY 2025 guidance at EPS. Equities research analysts forecast that GE Vernova Inc. will post 6.59 EPS for the current year.

GE Vernova Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, November 17th. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.2%. GE Vernova’s payout ratio is currently 24.10%.

Insider Activity at GE Vernova

In other news, CFO Kenneth Scott Parks sold 3,300 shares of the business’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. The trade was a 30.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.15% of the stock is owned by corporate 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.