Sendero Wealth Management LLC Buys 136 Shares of GE Vernova Inc. $GEV

Sendero Wealth Management LLC raised its stake in GE Vernova Inc. (NYSE:GEV) by 2.2% during the 2nd quarter, Holdings Channel reports. The fund owned 6,218 shares of the company’s stock after acquiring an additional 136 shares during the period. Sendero Wealth Management LLC’s holdings in GE Vernova were worth $3,290,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently made changes to their positions in the company. Valeo Financial Advisors LLC boosted its stake in GE Vernova by 0.8% in the 2nd quarter. Valeo Financial Advisors LLC now owns 7,098 shares of the company’s stock valued at $3,756,000 after purchasing an additional 53 shares during the period. DAVENPORT & Co LLC lifted its holdings in shares of GE Vernova by 1.7% during the second quarter. DAVENPORT & Co LLC now owns 6,793 shares of the company’s stock worth $3,595,000 after buying an additional 115 shares in the last quarter. Grimes & Company Inc. boosted its position in shares of GE Vernova by 1.0% in the second quarter. Grimes & Company Inc. now owns 3,513 shares of the company’s stock valued at $1,859,000 after acquiring an additional 35 shares during the period. Merit Financial Group LLC grew its stake in shares of GE Vernova by 10.2% in the second quarter. Merit Financial Group LLC now owns 11,724 shares of the company’s stock valued at $6,204,000 after acquiring an additional 1,089 shares in the last quarter. Finally, Fortitude Advisory Group L.L.C. increased its position in GE Vernova by 16.2% during the second quarter. Fortitude Advisory Group L.L.C. now owns 911 shares of the company’s stock worth $482,000 after acquiring an additional 127 shares during the period.

Insider Buying and Selling at GE Vernova

In other news, CFO Kenneth Scott Parks sold 3,300 shares of GE Vernova 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 transaction, the chief financial officer directly owned 7,590 shares in the company, valued at $4,705,800. This trade represents a 30.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.15% of the company’s stock.

GE Vernova Stock Performance

Shares of GEV opened at $595.07 on Monday. The stock has a fifty day moving average of $623.21 and a 200-day moving average of $501.17. GE Vernova Inc. has a 52 week low of $252.25 and a 52 week high of $677.29. The stock has a market capitalization of $161.99 billion, a price-to-earnings ratio of 143.39, a PEG ratio of 4.33 and a beta of 1.72.

GE Vernova (NYSE:GEV) last issued its quarterly earnings results on Wednesday, July 23rd. The company reported $1.86 earnings per share for the quarter, beating the consensus estimate of $1.63 by $0.23. GE Vernova had a return on equity of 13.23% and a net margin of 3.16%.The company 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 firm posted $4.65 earnings per share. The business’s quarterly revenue was up 11.1% on a year-over-year basis. GE Vernova has set its FY 2025 guidance at EPS. As a group, equities analysts forecast that GE Vernova Inc. will post 6.59 EPS for the current year.

GE Vernova Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 17th. Shareholders of record on Monday, October 20th will be issued a dividend of $0.25 per share. The ex-dividend date is Monday, October 20th. This represents a $1.00 annualized dividend and a yield of 0.2%. GE Vernova’s dividend payout ratio is presently 24.10%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Wolfe Research lowered shares of GE Vernova from an “outperform” rating to a “peer perform” rating in a research report on Friday, June 13th. Robert W. Baird increased their price target on GE Vernova from $568.00 to $706.00 and gave the stock an “outperform” rating in a research report on Thursday, July 24th. Seaport Res Ptn upgraded GE Vernova to a “strong-buy” rating in a research note on Thursday, July 10th. Melius upgraded GE Vernova from a “hold” rating to a “buy” rating and set a $740.00 target price for the company in a research report on Monday, September 15th. Finally, The Goldman Sachs Group increased their target price on GE Vernova from $500.00 to $570.00 and gave the stock a “buy” rating in a report on Tuesday, June 10th. Four equities research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, GE Vernova presently has a consensus rating of “Moderate Buy” and a consensus price target of $598.50.

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.