Hartline Investment Corp lifted its stake in GE Vernova Inc. (NYSE:GEV – Free Report) by 3.4% in the second quarter, Holdings Channel.com reports. The firm owned 17,609 shares of the company’s stock after acquiring an additional 587 shares during the quarter. GE Vernova comprises 1.8% of Hartline Investment Corp’s portfolio, making the stock its 16th largest holding. Hartline Investment Corp’s holdings in GE Vernova were worth $20,688,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also made changes to their positions in the company. Victory Financial Group LLC boosted its holdings in shares of GE Vernova by 62.5% during the second quarter. Victory Financial Group LLC now owns 1,558 shares of the company’s stock worth $1,830,000 after purchasing an additional 599 shares during the period. Banco Santander S.A. increased its stake in GE Vernova by 1,883.9% in the 2nd quarter. Banco Santander S.A. now owns 51,483 shares of the company’s stock valued at $60,485,000 after buying an additional 48,888 shares during the period. Harel Insurance Investments & Financial Services Ltd. increased its stake in GE Vernova by 250,040.0% in the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 300,168 shares of the company’s stock valued at $352,767,000 after buying an additional 300,048 shares during the period. Nvwm LLC lifted its position in GE Vernova by 23.2% in the 2nd quarter. Nvwm LLC now owns 5,735 shares of the company’s stock worth $6,738,000 after buying an additional 1,079 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund lifted its position in GE Vernova by 6.9% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 33,042 shares of the company’s stock worth $38,820,000 after buying an additional 2,145 shares in the last quarter.
Insider Activity
In related news, CEO Victor Abate sold 4,819 shares of GE Vernova stock in a transaction on Monday, June 1st. The shares were 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 approximately $1,739,726.80. The trade was a 72.42% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.21% of the company’s stock.
Key Headlines Impacting GE Vernova
- Positive Sentiment: Raised outlook and robust demand: Management recently increased its full-year revenue guidance amid booming demand for power equipment. Recent coverage also highlights stronger orders, improving margins and free cash flow, supporting expectations for continued earnings growth. Should Investors Take Profits in GE Vernova After Its Big Run?
- Positive Sentiment: AI power beneficiary: Analysts and investors increasingly view GEV as an AI-infrastructure play because hyperscalers and data centers require significant new electricity-generation and grid capacity. The company’s backlog has reportedly reached approximately $176 billion, with more than $45 billion expected to be recognized over the next year. GE Vernova: I Can’t Stop Buying This AI Power Stock
- Positive Sentiment: Additional nuclear opportunity: GE Vernova Hitachi Nuclear Energy and Blue Energy agreed to advance engineering, licensing and safety work for a proposed 2.5-gigawatt gas-and-nuclear facility in Texas, adding to the company’s long-term project pipeline. GE Vernova and Blue Energy Move Forward With 2.5 GW Texas Gas-Nuclear Power Project
- Neutral Sentiment: Analyst support: Erste Group reportedly expects stronger earnings for GE Vernova, reinforcing the bullish outlook, although the available report provides limited detail on the forecast or its assumptions. Erste Group Bank Predicts Stronger Earnings for GE Vernova
- Negative Sentiment: Valuation risk: After a roughly 64% one-year gain, a discounted-cash-flow analysis suggests the shares may be about 14% above intrinsic value. The premium valuation leaves less room for execution missteps, while recent commentary flags profit-related blemishes despite strong results and raised guidance. GE Vernova Stock Could Be 14% Overvalued As Backlog Hits Record High
GE Vernova Price Performance
Shares of GEV opened at $1,063.52 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.62 and a current ratio of 0.85. The firm has a market cap of $283.25 billion, a PE ratio of 30.44, a PEG ratio of 3.79 and a beta of 1.21. The firm’s 50 day moving average price is $1,034.05 and its 200 day moving average price is $957.76. GE Vernova Inc. has a twelve month low of $530.16 and a twelve month high of $1,195.94.
GE Vernova (NYSE:GEV – Get Free Report) last posted its earnings results on Wednesday, July 22nd. The company reported $2.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.17 by ($0.70). The business had revenue of $11.10 billion during the quarter, compared to analyst estimates of $10.79 billion. GE Vernova had a net margin of 23.03% and a return on equity of 42.42%. GE Vernova’s revenue was up 21.9% compared to the same quarter last year. During the same quarter last year, the firm earned $1.86 earnings per share. As a group, research analysts expect that GE Vernova Inc. will post 15.57 EPS for the current fiscal year.
GE Vernova Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 14th. Stockholders of record on Tuesday, June 16th were issued a dividend of $0.50 per share. The ex-dividend date was Tuesday, June 16th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.2%. GE Vernova’s dividend payout ratio (DPR) is currently 5.72%.
Analyst Upgrades and Downgrades
A number of equities research analysts have issued reports on the stock. Mizuho lifted their target price on shares of GE Vernova from $913.00 to $949.00 and gave the company a “neutral” rating in a research note on Friday, July 24th. Oppenheimer upped their price target on shares of GE Vernova from $1,303.00 to $1,338.00 and gave the stock an “outperform” rating in a research note on Thursday, July 23rd. Royal Bank Of Canada increased their price objective on GE Vernova from $1,195.00 to $1,225.00 and gave the stock an “outperform” rating in a report on Thursday, July 23rd. BNP Paribas Exane cut GE Vernova from an “outperform” rating to a “neutral” rating and set a $1,190.00 price objective for the company. in a research report on Monday, April 27th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of GE Vernova in a research note on Tuesday, July 21st. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $1,133.15.
Check Out Our Latest Research Report on GE Vernova
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.
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