PDS Planning Inc Raises Stock Holdings in GE Vernova Inc. $GEV

PDS Planning Inc raised its position in shares of GE Vernova Inc. (NYSE:GEV) by 10.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,820 shares of the company’s stock after acquiring an additional 177 shares during the period. PDS Planning Inc’s holdings in GE Vernova were worth $963,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Brighton Jones LLC raised its holdings in GE Vernova by 29.4% during the 4th quarter. Brighton Jones LLC now owns 3,315 shares of the company’s stock valued at $1,091,000 after buying an additional 753 shares during the period. Farther Finance Advisors LLC raised its holdings in GE Vernova by 13.0% during the 1st quarter. Farther Finance Advisors LLC now owns 4,113 shares of the company’s stock valued at $1,298,000 after buying an additional 473 shares during the period. Wealthcare Advisory Partners LLC raised its holdings in GE Vernova by 2.6% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 3,298 shares of the company’s stock valued at $1,007,000 after buying an additional 83 shares during the period. GAMMA Investing LLC raised its holdings in GE Vernova by 8.4% during the 1st quarter. GAMMA Investing LLC now owns 7,015 shares of the company’s stock valued at $2,142,000 after buying an additional 542 shares during the period. Finally, Integrated Advisors Network LLC raised its holdings in GE Vernova by 10.4% during the 1st quarter. Integrated Advisors Network LLC now owns 1,531 shares of the company’s stock valued at $467,000 after buying an additional 144 shares during the period.

Insider Activity

In other news, CFO Kenneth Scott Parks sold 3,300 shares of the stock in a transaction 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 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.15% of the company’s stock.

GE Vernova Stock Down 4.4%

GEV stock opened at $606.30 on Friday. The business’s fifty day simple moving average is $619.64 and its two-hundred day simple moving average is $508.47. GE Vernova Inc. has a twelve month low of $252.25 and a twelve month high of $677.29. The firm has a market cap of $165.05 billion, a price-to-earnings ratio of 146.10, a PEG ratio of 4.61 and a beta of 1.72.

GE Vernova (NYSE:GEV) last posted its quarterly earnings results 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 business had revenue of $9.11 billion for the quarter, compared to the consensus estimate of $8.78 billion. During the same quarter in the prior year, the company earned $4.65 EPS. The business’s revenue was up 11.1% compared to the same quarter last year. GE Vernova has set its FY 2025 guidance at EPS. Research analysts expect that GE Vernova Inc. will post 6.59 EPS for the current year.

GE Vernova Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, November 17th. Stockholders 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 dividend yield of 0.2%. GE Vernova’s dividend payout ratio is presently 24.10%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Royal Bank Of Canada set a $605.00 price target on GE Vernova and gave the company a “sector perform” rating in a report on Wednesday, October 1st. TD Cowen increased their price target on GE Vernova from $390.00 to $685.00 and gave the company a “buy” rating in a report on Friday, July 25th. Bank of America increased their price target on GE Vernova from $550.00 to $620.00 and gave the company a “buy” rating in a report on Thursday, July 17th. Wells Fargo & Company increased their price target on GE Vernova from $474.00 to $697.00 and gave the company an “overweight” rating in a report on Thursday, July 24th. Finally, Robert W. Baird increased their target price on GE Vernova from $568.00 to $706.00 and gave the stock an “outperform” rating in a research note on Thursday, July 24th. Four analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus 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.