3,037 Shares in GE Vernova Inc. $GEV Purchased by LFG Wealth Partners LLC

LFG Wealth Partners LLC purchased a new position in GE Vernova Inc. (NYSE:GEV) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 3,037 shares of the company’s stock, valued at approximately $1,985,000. GE Vernova makes up 1.3% of LFG Wealth Partners LLC’s portfolio, making the stock its 26th biggest holding.

A number of other institutional investors and hedge funds also recently bought and sold shares of GEV. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of GE Vernova in the 4th quarter worth approximately $2,506,000. Silvant Capital Management LLC increased its stake in GE Vernova by 0.3% in the 4th quarter. Silvant Capital Management LLC now owns 83,151 shares of the company’s stock worth $54,345,000 after purchasing an additional 219 shares in the last quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA boosted its stake in GE Vernova by 68.1% in the 4th quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 1,135 shares of the company’s stock worth $742,000 after purchasing an additional 460 shares during the period. TritonPoint Partners LLC acquired a new stake in shares of GE Vernova in the fourth quarter worth $857,000. Finally, Wilmar Advisors LLC purchased a new stake in GE Vernova in the 4th quarter worth about $980,000.

GE Vernova Price Performance

NYSE:GEV opened at $980.08 on Tuesday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.65 and a current ratio of 0.89. The company has a 50-day moving average of $1,010.48 and a 200-day moving average of $836.38. GE Vernova Inc. has a 52 week low of $479.04 and a 52 week high of $1,181.95. The company has a market capitalization of $263.37 billion, a price-to-earnings ratio of 28.55, a PEG ratio of 3.49 and a beta of 1.24.

GE Vernova (NYSE:GEV) last posted its quarterly earnings results on Wednesday, April 22nd. The company reported $17.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.95 by $15.49. The firm had revenue of $9.34 billion during the quarter, compared to analyst estimates of $9.19 billion. GE Vernova had a net margin of 23.81% and a return on equity of 43.97%. The company’s quarterly revenue was up 17.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.91 earnings per share. As a group, equities research analysts anticipate that GE Vernova Inc. will post 14.99 earnings per share for the current fiscal year.

GE Vernova Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 14th. Stockholders of record on Tuesday, June 16th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.2%. The ex-dividend date is Tuesday, June 16th. GE Vernova’s dividend payout ratio is currently 5.83%.

Insider Buying and Selling

In other news, CEO Victor Abate sold 4,819 shares of the stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $948.08, for a total value of $4,568,797.52. Following the completion of the transaction, the chief executive officer directly owned 1,835 shares of the company’s stock, valued at approximately $1,739,726.80. This represents a 72.42% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Matthew Joseph Potvin sold 2,333 shares of the firm’s stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $1,059.09, for a total value of $2,470,856.97. Following the transaction, the chief accounting officer owned 3,549 shares of the company’s stock, valued at $3,758,710.41. This trade represents a 39.66% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.21% of the company’s stock.

Wall Street Analysts Forecast Growth

GEV has been the subject of a number of research analyst reports. Royal Bank Of Canada increased their price target on shares of GE Vernova from $996.00 to $1,195.00 and gave the stock an “outperform” rating in a research report on Thursday, April 23rd. Erste Group Bank raised shares of GE Vernova to a “strong-buy” rating in a research report on Tuesday, March 24th. BNP Paribas Exane lowered shares of GE Vernova from an “outperform” rating to a “neutral” rating and set a $1,190.00 price target on the stock. in a research note on Monday, April 27th. JPMorgan Chase & Co. raised their price target on shares of GE Vernova from $1,000.00 to $1,150.00 and gave the company an “overweight” rating in a report on Thursday, April 16th. Finally, Robert W. Baird lifted their price objective on shares of GE Vernova from $1,008.00 to $1,400.00 and gave the company an “outperform” rating in a research note on Thursday, April 23rd. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $1,085.16.

GE Vernova Company Profile

GE Vernova is the energy-focused company formed from the energy businesses of General Electric and operates as a publicly listed entity on the NYSE under the ticker GEV. It is organized to design, manufacture and service equipment and systems used across the power generation and energy transition value chain, bringing together legacy capabilities in conventional power, renewables and grid technologies under a single corporate platform.

The company’s offerings span large-scale power-generation equipment such as gas and steam turbines and associated generators and controls, as well as renewable energy technologies including onshore and offshore wind platforms and hydro solutions.