Vivid Wealth Management LLC Sells 1,894 Shares of GE Vernova Inc. $GEV

by · The Cerbat Gem

Vivid Wealth Management LLC reduced its position in GE Vernova Inc. (NYSE:GEV – Free Report) by 27.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,009 shares of the company’s stock after selling 1,894 shares during the quarter. Vivid Wealth Management LLC’s holdings in GE Vernova were worth $2,651,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Sachetta LLC grew its holdings in shares of GE Vernova by 10.7% during the 2nd quarter. Sachetta LLC now owns 165 shares of the company’s stock worth $87,000 after purchasing an additional 16 shares during the period. Highline Wealth Partners LLC grew its holdings in shares of GE Vernova by 34.6% during the 2nd quarter. Highline Wealth Partners LLC now owns 70 shares of the company’s stock worth $37,000 after purchasing an additional 18 shares during the period. Atlas Brown Inc. grew its holdings in shares of GE Vernova by 0.8% during the 2nd quarter. Atlas Brown Inc. now owns 2,496 shares of the company’s stock worth $1,321,000 after purchasing an additional 19 shares during the period. Physician Wealth Advisors Inc. grew its holdings in shares of GE Vernova by 9.0% during the 2nd quarter. Physician Wealth Advisors Inc. now owns 241 shares of the company’s stock worth $128,000 after purchasing an additional 20 shares during the period. Finally, West Branch Capital LLC grew its holdings in shares of GE Vernova by 25.6% during the 2nd quarter. West Branch Capital LLC now owns 98 shares of the company’s stock worth $52,000 after purchasing an additional 20 shares during the period.

GE Vernova Stock Performance

Shares of NYSE GEV opened at $634.08 on Friday. GE Vernova Inc. has a fifty-two week low of $252.25 and a fifty-two week high of $677.29. The firm has a market capitalization of $172.61 billion, a PE ratio of 152.79, a price-to-earnings-growth ratio of 4.55 and a beta of 1.72. The stock’s 50-day simple moving average is $620.64 and its 200-day simple moving average is $506.61.

GE Vernova (NYSE:GEV – Get Free Report) last released its quarterly 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 company had revenue of $9.11 billion for the quarter, compared to analyst estimates of $8.78 billion. GE Vernova had a return on equity of 13.23% and a net margin of 3.16%.The firm’s revenue was up 11.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.65 earnings per share. GE Vernova has set its FY 2025 guidance at EPS. On average, sell-side analysts forecast 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. Shareholders of record on Monday, October 20th will be paid a $0.25 dividend. 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%.

Analyst Upgrades and Downgrades

GEV has been the subject of a number of research analyst reports. Seaport Res Ptn upgraded GE Vernova to a “strong-buy” rating in a report on Thursday, July 10th. Royal Bank Of Canada set a $605.00 target price on GE Vernova and gave the stock a “sector perform” rating in a research note on Wednesday, October 1st. Citigroup increased their target price on GE Vernova from $544.00 to $670.00 and gave the stock a “neutral” rating in a research note on Thursday, July 24th. JPMorgan Chase & Co. increased their target price on GE Vernova from $620.00 to $715.00 and gave the stock an “overweight” rating in a research note on Thursday, July 24th. Finally, Melius raised GE Vernova from a “hold” rating to a “buy” rating and set a $740.00 target price on the stock in a research note on Monday, September 15th. Four investment 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 company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $598.50.

View Our Latest Research Report on GEV

Insider Buying and Selling at GE Vernova

In other GE Vernova news, CFO Kenneth Scott Parks sold 3,300 shares of GE Vernova stock in a transaction that occurred 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 transaction, the chief financial officer directly owned 7,590 shares in the company, valued at approximately $4,705,800. This trade represents 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. Company insiders own 0.15% of the company’s stock.

GE Vernova Company Profile

(Free Report)

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.

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