GE Vernova Inc. $GEV Shares Acquired by Private Advisor Group LLC

Private Advisor Group LLC boosted its holdings in GE Vernova Inc. (NYSE:GEVFree Report) by 1.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 36,692 shares of the company’s stock after acquiring an additional 560 shares during the period. Private Advisor Group LLC’s holdings in GE Vernova were worth $32,029,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in GEV. Cornerstone Financial Management LLC acquired a new position in GE Vernova during the fourth quarter worth about $25,000. Wealth Watch Advisors INC acquired a new stake in shares of GE Vernova in the third quarter valued at approximately $25,000. Torren Management LLC acquired a new stake in shares of GE Vernova in the fourth quarter valued at approximately $26,000. ORG Wealth Partners LLC increased its stake in shares of GE Vernova by 241.7% during the 4th quarter. ORG Wealth Partners LLC now owns 41 shares of the company’s stock worth $27,000 after purchasing an additional 29 shares in the last quarter. Finally, Navalign LLC purchased a new position in shares of GE Vernova during the 4th quarter worth approximately $27,000.

Insider Buying and Selling at GE Vernova

In other news, CEO Victor Abate sold 4,819 shares of GE Vernova stock in a transaction 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 sale, the chief executive officer owned 1,835 shares of the company’s stock, valued at $1,739,726.80. The trade was a 72.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Matthew Joseph Potvin sold 2,333 shares of the company’s stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $1,059.09, for a total value of $2,470,856.97. Following the completion of the transaction, the chief accounting officer owned 3,549 shares of the company’s stock, valued at $3,758,710.41. The trade was a 39.66% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.21% of the stock is owned by company insiders.

Analyst Ratings Changes

GEV has been the topic of a number of recent research reports. JPMorgan Chase & Co. upped their target price on GE Vernova from $1,000.00 to $1,150.00 and gave the company an “overweight” rating in a research note on Thursday, April 16th. Morgan Stanley raised their price target on GE Vernova from $817.00 to $960.00 and gave the stock an “overweight” rating in a research report on Monday, March 23rd. Rothschild & Co Redburn raised GE Vernova from a “sell” rating to a “buy” rating and boosted their price target for the stock from $560.00 to $1,100.00 in a report on Monday, March 9th. The Goldman Sachs Group restated a “buy” rating and issued a $1,328.00 price objective on shares of GE Vernova in a research report on Friday, April 24th. Finally, Susquehanna set a $1,300.00 price objective on GE Vernova in a research report on Thursday, April 23rd. Three investment analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $1,089.88.

Check Out Our Latest Report on GEV

GE Vernova Stock Performance

Shares of GEV opened at $1,113.43 on Friday. 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 market capitalization of $299.20 billion, a price-to-earnings ratio of 32.43, a PEG ratio of 4.11 and a beta of 1.09. The company’s 50 day simple moving average is $1,042.04 and its 200 day simple moving average is $879.98. GE Vernova Inc. has a 1 year low of $506.02 and a 1 year high of $1,181.95.

GE Vernova (NYSE:GEVGet Free Report) last announced its earnings results on Wednesday, April 22nd. The company reported $17.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.95 by $15.49. The firm had revenue of $9.34 billion for 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%. GE Vernova’s revenue was up 17.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.91 earnings per share. On average, sell-side analysts predict that GE Vernova Inc. will post 15.05 EPS for the current year.

GE Vernova Dividend Announcement

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

Key Stories Impacting GE Vernova

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About GE Vernova

(Free Report)

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.

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Institutional Ownership by Quarter for GE Vernova (NYSE:GEV)

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