Greenland Capital Management LP Purchases Shares of 1,000 GE Vernova Inc. $GEV

Greenland Capital Management LP purchased a new stake in GE Vernova Inc. (NYSE:GEV) during the second quarter, HoldingsChannel.com reports. The fund purchased 1,000 shares of the company’s stock, valued at approximately $529,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Brighton Jones LLC lifted its position in GE Vernova by 29.4% during the 4th quarter. Brighton Jones LLC now owns 3,315 shares of the company’s stock worth $1,091,000 after acquiring an additional 753 shares during the last quarter. IFP Advisors Inc increased its stake in shares of GE Vernova by 5.8% in the first quarter. IFP Advisors Inc now owns 5,116 shares of the company’s stock worth $1,562,000 after purchasing an additional 281 shares during the period. GW&K Investment Management LLC increased its stake in shares of GE Vernova by 21.0% in the first quarter. GW&K Investment Management LLC now owns 213 shares of the company’s stock worth $65,000 after purchasing an additional 37 shares during the period. Crestwood Advisors Group LLC lifted its position in shares of GE Vernova by 38.6% during the 1st quarter. Crestwood Advisors Group LLC now owns 3,322 shares of the company’s stock worth $1,014,000 after purchasing an additional 925 shares during the last quarter. Finally, Ignite Planners LLC boosted its stake in GE Vernova by 13.0% during the 1st quarter. Ignite Planners LLC now owns 985 shares of the company’s stock valued at $301,000 after purchasing an additional 113 shares during the period.

Insiders Place Their Bets

In other GE Vernova news, CFO Kenneth Scott Parks sold 3,300 shares of the stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of $620.00, for a total transaction of $2,046,000.00. Following the completion of the transaction, the chief financial officer directly owned 7,590 shares in the company, valued at $4,705,800. This represents a 30.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.15% of the stock is owned by company insiders.

GE Vernova Stock Up 7.4%

NYSE GEV opened at $596.14 on Thursday. GE Vernova Inc. has a twelve month low of $252.25 and a twelve month high of $677.29. The stock has a market cap of $161.74 billion, a P/E ratio of 97.09, a PEG ratio of 4.13 and a beta of 1.68. The company’s 50-day simple moving average is $598.44 and its 200 day simple moving average is $561.28.

GE Vernova (NYSE:GEV) last released its quarterly earnings data on Wednesday, October 22nd. The company reported $1.64 earnings per share 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 company had revenue of $9.97 billion for the quarter, compared to analyst estimates of $9.15 billion. During the same period in the previous year, the firm posted ($0.35) earnings per share. The firm’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 anticipate that GE Vernova Inc. will post 6.59 earnings per share for the current year.

GE Vernova Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, November 17th. Investors of record on Monday, October 20th were paid a $0.25 dividend. The ex-dividend date of this dividend was Monday, October 20th. This represents a $1.00 annualized dividend and a yield of 0.2%. GE Vernova’s payout ratio is currently 16.29%.

Analyst Ratings Changes

A number of analysts have issued reports on GEV shares. Jefferies Financial Group reaffirmed a “hold” rating and issued a $654.00 target price on shares of GE Vernova in a report on Monday, October 27th. Guggenheim downgraded shares of GE Vernova from a “buy” rating to a “neutral” rating in a research note on Monday, July 28th. Morgan Stanley boosted their target price on shares of GE Vernova from $690.00 to $710.00 and gave the stock an “overweight” rating in a research report on Thursday, October 30th. Rothschild Redb cut shares of GE Vernova from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 15th. Finally, Robert W. Baird raised their price target on shares of GE Vernova from $568.00 to $706.00 and gave the stock an “outperform” rating in a research report on Thursday, July 24th. Four research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $607.81.

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.