Integrity Financial Corp WA Takes Position in GE Vernova Inc. $GEV

Integrity Financial Corp WA acquired a new stake in shares of GE Vernova Inc. (NYSE:GEV) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 420 shares of the company’s stock, valued at approximately $222,000.

Other large investors have also made changes to their positions in the company. WFA Asset Management Corp acquired a new position in shares of GE Vernova during the second quarter valued at about $29,000. Highline Wealth Partners LLC raised its position in shares of GE Vernova by 34.6% during the second quarter. Highline Wealth Partners LLC now owns 70 shares of the company’s stock valued at $37,000 after buying an additional 18 shares during the last quarter. Raleigh Capital Management Inc. acquired a new position in shares of GE Vernova during the second quarter valued at about $37,000. Advantage Trust Co acquired a new position in shares of GE Vernova during the second quarter valued at about $40,000. Finally, Solstein Capital LLC acquired a new position in shares of GE Vernova during the second quarter valued at about $44,000.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. JPMorgan Chase & Co. upped their price objective on shares of GE Vernova from $715.00 to $740.00 and gave the company an “overweight” rating in a research report on Thursday, October 23rd. Morgan Stanley increased their price target on shares of GE Vernova from $690.00 to $710.00 and gave the stock an “overweight” rating in a research report on Thursday. Jefferies Financial Group reissued a “hold” rating and issued a $654.00 price target on shares of GE Vernova in a research report on Monday, October 27th. Cowen reissued a “buy” rating on shares of GE Vernova in a research report on Thursday, October 23rd. Finally, HSBC increased their price target on shares of GE Vernova from $570.00 to $580.00 and gave the stock a “hold” rating in a research report on Friday, September 5th. Four analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $607.81.

GE Vernova Trading Up 1.9%

NYSE GEV opened at $584.82 on Friday. The firm has a market cap of $158.67 billion, a price-to-earnings ratio of 95.25, a PEG ratio of 4.34 and a beta of 1.72. The company has a 50 day moving average of $608.29 and a 200-day moving average of $541.44. GE Vernova Inc. has a 1-year low of $252.25 and a 1-year high of $677.29.

GE Vernova (NYSE:GEV) last posted its quarterly earnings data on Wednesday, October 22nd. The company reported $1.64 earnings per share for the quarter, missing the consensus estimate of $1.72 by ($0.08). The firm had revenue of $9.97 billion for the quarter, compared to analyst estimates of $9.15 billion. GE Vernova had a return on equity of 17.07% and a net margin of 4.52%.The business’s quarterly revenue was up 11.8% on a year-over-year basis. During the same period in the previous year, the business posted ($0.35) EPS. GE Vernova has set its FY 2025 guidance at EPS. On average, analysts forecast that GE Vernova Inc. will post 6.59 earnings per share for the current year.

GE Vernova Announces Dividend

The company 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 dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, October 20th. This represents a $1.00 annualized dividend and a dividend yield of 0.2%. GE Vernova’s dividend payout ratio (DPR) is presently 16.29%.

Insider Buying and Selling at GE Vernova

In other news, CFO Kenneth Scott Parks sold 3,300 shares of the firm’s stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $620.00, for a total transaction of $2,046,000.00. Following the completion of the sale, the chief financial officer owned 7,590 shares of the company’s stock, valued at approximately $4,705,800. This trade represents a 30.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.15% of the company’s stock.

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.