Moseley Investment Management Inc. Makes New $736,000 Investment in GE Vernova Inc. $GEV

Moseley Investment Management Inc. bought a new stake in GE Vernova Inc. (NYSE:GEV) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,390 shares of the company’s stock, valued at approximately $736,000.

Other large investors also recently modified their holdings of the company. Highline Wealth Partners LLC lifted its holdings in shares of GE Vernova by 34.6% in the second quarter. Highline Wealth Partners LLC now owns 70 shares of the company’s stock valued at $37,000 after purchasing an additional 18 shares in the last quarter. Raleigh Capital Management Inc. bought a new position in shares of GE Vernova in the second quarter valued at approximately $37,000. IMA Advisory Services Inc. bought a new position in shares of GE Vernova in the first quarter valued at approximately $27,000. EQ Wealth Advisors LLC bought a new position in shares of GE Vernova in the first quarter valued at approximately $27,000. Finally, West Branch Capital LLC lifted its holdings in shares of GE Vernova by 25.6% in the second quarter. West Branch Capital LLC now owns 98 shares of the company’s stock valued at $52,000 after purchasing an additional 20 shares in the last quarter.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on GEV shares. Royal Bank Of Canada set a $605.00 target price on GE Vernova and gave the company a “sector perform” rating in a report on Wednesday, October 1st. Wall Street Zen downgraded GE Vernova from a “buy” rating to a “hold” rating in a research report on Saturday, July 26th. JPMorgan Chase & Co. increased their price target on GE Vernova from $620.00 to $715.00 and gave the company an “overweight” rating in a research report on Thursday, July 24th. Morgan Stanley increased their price target on GE Vernova from $511.00 to $675.00 and gave the company an “overweight” rating in a research report on Thursday, July 24th. Finally, Mizuho downgraded GE Vernova from an “outperform” rating to a “neutral” rating and set a $670.00 price target for the company. in a research report on Monday, July 28th. Four research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat, GE Vernova currently has a consensus rating of “Moderate Buy” and an average target price of $598.50.

GE Vernova Stock Up 1.4%

Shares of GEV stock opened at $634.08 on Friday. GE Vernova Inc. has a 12-month low of $252.25 and a 12-month high of $677.29. The business has a 50-day moving average price of $620.64 and a two-hundred day moving average price of $506.61. The firm has a market cap of $172.61 billion, a P/E ratio of 152.79, a price-to-earnings-growth ratio of 4.55 and a beta of 1.72.

GE Vernova (NYSE:GEV) last released its earnings results on Wednesday, July 23rd. The company reported $1.86 earnings per share for the quarter, beating 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 during the quarter, compared to analyst estimates of $8.78 billion. During the same quarter in the previous year, the company posted $4.65 EPS. GE Vernova’s revenue for the quarter was up 11.1% on a year-over-year basis. GE Vernova has set its FY 2025 guidance at EPS. As a group, research analysts expect that GE Vernova Inc. will post 6.59 EPS for the current fiscal year.

GE Vernova Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 17th. Shareholders of record on Monday, October 20th will be given 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 yield of 0.2%. GE Vernova’s dividend payout ratio is presently 24.10%.

Insider Buying and Selling

In other GE Vernova news, CFO Kenneth Scott Parks sold 3,300 shares of the company’s stock in a transaction that occurred on Tuesday, August 26th. The stock was 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 owned 7,590 shares of the company’s stock, valued at $4,705,800. This represents a 30.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.15% of the stock is owned by insiders.

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.