TriaGen Wealth Management LLC Sells 5,851 Shares of GE Vernova Inc. $GEV

TriaGen Wealth Management LLC trimmed its position in shares of GE Vernova Inc. (NYSE:GEV) by 90.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 585 shares of the company’s stock after selling 5,851 shares during the period. TriaGen Wealth Management LLC’s holdings in GE Vernova were worth $310,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of GEV. Brighton Jones LLC grew its holdings in GE Vernova by 29.4% during 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 period. Wedmont Private Capital grew its holdings in GE Vernova by 3.0% during the first quarter. Wedmont Private Capital now owns 4,263 shares of the company’s stock valued at $1,370,000 after purchasing an additional 126 shares during the period. UMB Bank n.a. grew its holdings in GE Vernova by 9.7% during the first quarter. UMB Bank n.a. now owns 2,129 shares of the company’s stock valued at $650,000 after purchasing an additional 189 shares during the period. Patriot Financial Group Insurance Agency LLC grew its holdings in GE Vernova by 13.7% during the first quarter. Patriot Financial Group Insurance Agency LLC now owns 1,929 shares of the company’s stock valued at $589,000 after purchasing an additional 232 shares during the period. Finally, Capital Investment Advisors LLC grew its holdings in GE Vernova by 1.8% during the first quarter. Capital Investment Advisors LLC now owns 3,054 shares of the company’s stock valued at $932,000 after purchasing an additional 55 shares during the period.

GE Vernova Stock Performance

Shares of GEV stock opened at $602.55 on Tuesday. GE Vernova Inc. has a 52-week low of $252.25 and a 52-week high of $677.29. The company has a market capitalization of $164.03 billion, a PE ratio of 145.19, a price-to-earnings-growth ratio of 4.33 and a beta of 1.72. The business’s fifty day moving average is $622.29 and its 200 day moving average is $503.05.

GE Vernova (NYSE:GEV) last issued its quarterly earnings data on Wednesday, July 23rd. The company reported $1.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $8.78 billion. During the same quarter last year, the business posted $4.65 earnings per share. The firm’s revenue was up 11.1% compared to the same quarter last year. GE Vernova has set its FY 2025 guidance at EPS. On average, sell-side analysts forecast that GE Vernova Inc. will post 6.59 EPS for the current fiscal year.

GE Vernova Dividend Announcement

The business also recently disclosed 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 is Monday, October 20th. This represents a $1.00 annualized dividend 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 GE Vernova stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $620.00, for a total value of $2,046,000.00. Following the transaction, the chief financial officer owned 7,590 shares in the company, valued at approximately $4,705,800. The trade was a 30.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.15% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. The Goldman Sachs Group increased their price objective on GE Vernova from $500.00 to $570.00 and gave the company a “buy” rating in a report on Tuesday, June 10th. Melius raised GE Vernova from a “hold” rating to a “buy” rating and set a $740.00 price objective for the company in a report on Monday, September 15th. Wells Fargo & Company lifted their price target on GE Vernova from $474.00 to $697.00 and gave the company an “overweight” rating in a research report on Thursday, July 24th. Glj Research started coverage on GE Vernova in a research note on Monday, June 23rd. They set a “buy” rating on the stock. Finally, Mizuho lowered GE Vernova from an “outperform” rating to a “neutral” rating and set a $670.00 price objective on the stock. in a research note on Monday, July 28th. Four investment analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, GE Vernova presently has an average rating of “Moderate Buy” and an average target price 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.