2,196 Shares in GE Vernova Inc. $GEV Acquired by Atlatl Advisers LLC

Atlatl Advisers LLC purchased a new position in shares of GE Vernova Inc. (NYSE:GEV) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,196 shares of the company’s stock, valued at approximately $1,162,000.

Several other institutional investors have also made changes to their positions in GEV. Brighton Jones LLC boosted its holdings in shares of GE Vernova by 29.4% during the fourth quarter. Brighton Jones LLC now owns 3,315 shares of the company’s stock worth $1,091,000 after purchasing an additional 753 shares during the period. GAMMA Investing LLC boosted its holdings in shares of GE Vernova by 8.4% during the first quarter. GAMMA Investing LLC now owns 7,015 shares of the company’s stock worth $2,142,000 after purchasing an additional 542 shares during the period. Oppenheimer Asset Management Inc. acquired a new stake in shares of GE Vernova during the first quarter worth approximately $328,000. Spire Wealth Management lifted its stake in GE Vernova by 23.8% in the first quarter. Spire Wealth Management now owns 3,680 shares of the company’s stock valued at $1,124,000 after acquiring an additional 707 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. lifted its stake in GE Vernova by 5.1% in the first quarter. Robeco Institutional Asset Management B.V. now owns 87,135 shares of the company’s stock valued at $26,601,000 after acquiring an additional 4,255 shares during the last quarter.

Insider Activity at GE Vernova

In other news, CFO Kenneth Scott Parks sold 3,300 shares of GE Vernova stock in a transaction that occurred on Tuesday, August 26th. The shares were 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 of the company’s stock, valued at $4,705,800. This trade represents a 30.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.15% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

GEV has been the subject of a number of analyst reports. Jefferies Financial Group lifted their target price on shares of GE Vernova from $658.00 to $668.00 and gave the company a “hold” rating in a research note on Friday, September 12th. Cowen reiterated a “buy” rating on shares of GE Vernova in a research note on Thursday. Mizuho reduced their target price on shares of GE Vernova from $677.00 to $660.00 and set a “neutral” rating for the company in a research note on Friday. Morgan Stanley lifted their target price on shares of GE Vernova from $675.00 to $690.00 and gave the company an “overweight” rating in a research note on Thursday, October 16th. Finally, TD Cowen reduced their target price on shares of GE Vernova from $685.00 to $680.00 and set a “buy” rating for the company in a research note on Thursday. Four research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $607.59.

GE Vernova Stock Down 1.8%

NYSE:GEV opened at $584.68 on Friday. GE Vernova Inc. has a 12 month low of $252.25 and a 12 month high of $677.29. The firm has a market cap of $158.64 billion, a price-to-earnings ratio of 95.23, a P/E/G ratio of 4.22 and a beta of 1.72. The company’s 50 day moving average is $611.31 and its 200-day moving average is $531.04.

GE Vernova (NYSE:GEV) last released its quarterly earnings results on Wednesday, October 22nd. The company reported $1.64 EPS for the quarter, missing analysts’ consensus estimates of $1.72 by ($0.08). GE Vernova had a net margin of 4.52% and a return on equity of 17.07%. The firm had revenue of $9.97 billion during the quarter, compared to the consensus estimate of $9.15 billion. During the same period in the prior year, the business earned ($0.35) EPS. The company’s revenue for the quarter was up 11.8% compared to the same quarter last year. GE Vernova has set its FY 2025 guidance at EPS. Research analysts predict that GE Vernova Inc. will post 6.59 EPS for the current fiscal 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 $0.25 dividend. 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 (DPR) is currently 16.29%.

GE Vernova Company 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.