WESPAC Advisors SoCal LLC Has $3.15 Million Stock Position in GE Vernova Inc. $GEV

WESPAC Advisors SoCal LLC raised its holdings in GE Vernova Inc. (NYSE:GEV) by 23.5% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,945 shares of the company’s stock after buying an additional 1,133 shares during the quarter. WESPAC Advisors SoCal LLC’s holdings in GE Vernova were worth $3,146,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. EQ Wealth Advisors LLC acquired a new stake in GE Vernova in the 1st quarter valued at approximately $27,000. IMA Advisory Services Inc. acquired a new stake in GE Vernova in the 1st quarter valued at approximately $27,000. Mowery & Schoenfeld Wealth Management LLC grew its holdings in GE Vernova by 115.2% in the 1st quarter. Mowery & Schoenfeld Wealth Management LLC now owns 99 shares of the company’s stock valued at $30,000 after buying an additional 53 shares during the last quarter. 1248 Management LLC acquired a new stake in GE Vernova in the 1st quarter valued at approximately $31,000. Finally, Saudi Central Bank acquired a new stake in GE Vernova in the 1st quarter valued at approximately $33,000.

GE Vernova Price Performance

GE Vernova stock opened at $594.46 on Tuesday. The company has a market capitalization of $161.82 billion, a PE ratio of 143.24, a price-to-earnings-growth ratio of 4.34 and a beta of 1.72. GE Vernova Inc. has a one year low of $252.25 and a one year high of $677.29. The business has a 50 day simple moving average of $615.29 and a 200 day simple moving average of $524.40.

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

GE Vernova Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, November 17th. Investors of record on Monday, October 20th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.2%. The ex-dividend date is Monday, October 20th. GE Vernova’s dividend payout ratio (DPR) is 24.10%.

Insider Transactions at GE Vernova

In other GE Vernova news, CFO Kenneth Scott Parks sold 3,300 shares of GE Vernova stock in a transaction on 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 completion of 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 position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.15% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on GEV shares. Jefferies Financial Group lifted their price objective on GE Vernova from $658.00 to $668.00 and gave the stock a “hold” rating in a report on Friday, September 12th. Glj Research lifted their price objective on GE Vernova from $702.00 to $758.00 and gave the stock a “buy” rating in a report on Wednesday, October 15th. JPMorgan Chase & Co. lifted their price objective on GE Vernova from $620.00 to $715.00 and gave the stock an “overweight” rating in a report on Thursday, July 24th. Mizuho lifted their price objective on GE Vernova from $670.00 to $677.00 and gave the stock a “neutral” rating in a report on Wednesday, October 15th. Finally, Seaport Res Ptn raised GE Vernova to a “strong-buy” rating in a report on Thursday, July 10th. Four investment analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $601.44.

About GE Vernova

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.