AIFG Consultants Ltd. Acquires Shares of 502 GE Vernova Inc. $GEV

AIFG Consultants Ltd. acquired a new stake in GE Vernova Inc. (NYSE:GEV) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 502 shares of the company’s stock, valued at approximately $266,000.

Several other institutional investors and hedge funds have also recently modified their holdings of GEV. Brighton Jones LLC increased its holdings in shares of GE Vernova by 29.4% in the fourth quarter. Brighton Jones LLC now owns 3,315 shares of the company’s stock valued at $1,091,000 after purchasing an additional 753 shares during the last quarter. NBC Securities Inc. increased its position in GE Vernova by 166,700.0% during the first quarter. NBC Securities Inc. now owns 1,668 shares of the company’s stock worth $509,000 after acquiring an additional 1,667 shares during the period. Apella Capital LLC increased its position in GE Vernova by 42.0% during the first quarter. Apella Capital LLC now owns 1,081 shares of the company’s stock worth $353,000 after acquiring an additional 320 shares during the period. Thurston Springer Miller Herd & Titak Inc. raised its stake in GE Vernova by 65.4% in the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 574 shares of the company’s stock worth $175,000 after purchasing an additional 227 shares in the last quarter. Finally, Breakwater Capital Group boosted its holdings in GE Vernova by 5.3% in the 1st quarter. Breakwater Capital Group now owns 1,875 shares of the company’s stock valued at $572,000 after purchasing an additional 94 shares during the period.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on GEV. Mizuho downgraded shares of GE Vernova from an “outperform” rating to a “neutral” rating and set a $670.00 price objective for the company. in a report on Monday, July 28th. Wolfe Research downgraded shares of GE Vernova from an “outperform” rating to a “peer perform” rating in a report on Friday, June 13th. Susquehanna boosted their price objective on shares of GE Vernova from $662.00 to $736.00 and gave the company a “positive” rating in a report on Thursday, July 24th. Guggenheim downgraded shares of GE Vernova from a “buy” rating to a “neutral” rating in a report on Monday, July 28th. Finally, Melius Research set a $740.00 price objective on shares of GE Vernova and gave the company a “buy” rating in a report on Monday, September 15th. Four equities research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $598.50.

GE Vernova Stock Down 1.8%

GEV opened at $595.07 on Friday. GE Vernova Inc. has a twelve month low of $252.25 and a twelve month high of $677.29. The company has a 50-day simple moving average of $623.21 and a 200 day simple moving average of $498.89. The stock has a market capitalization of $161.99 billion, a price-to-earnings ratio of 143.39, a P/E/G ratio of 4.42 and a beta of 1.72.

GE Vernova (NYSE:GEV) last posted its quarterly earnings data on Wednesday, July 23rd. The company reported $1.86 earnings per share for the quarter, topping the consensus estimate of $1.63 by $0.23. GE Vernova had a net margin of 3.16% and a return on equity of 13.23%. The business had revenue of $9.11 billion during the quarter, compared to analysts’ expectations of $8.78 billion. During the same quarter in the prior year, the business posted $4.65 earnings per share. GE Vernova’s revenue was up 11.1% compared to the same quarter last year. GE Vernova has set its FY 2025 guidance at EPS. Sell-side analysts anticipate that GE Vernova Inc. will post 6.59 EPS for the current fiscal 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 issued a $0.25 dividend. 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 dividend payout ratio is 24.10%.

Insider Activity at GE Vernova

In other news, CFO Kenneth Scott Parks sold 3,300 shares of the stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $620.00, for a total value 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 approximately $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 Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.15% of the company’s stock.

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.