GE Vernova Inc. $GEV Stock Holdings Decreased by Versant Capital Management Inc

Versant Capital Management Inc lessened its stake in GE Vernova Inc. (NYSE:GEV) by 18.2% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,522 shares of the company’s stock after selling 560 shares during the quarter. Versant Capital Management Inc’s holdings in GE Vernova were worth $2,963,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of GEV. Brighton Jones LLC grew its position in shares of GE Vernova by 29.4% in 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 in the last quarter. Schnieders Capital Management LLC. lifted its position in GE Vernova by 1.7% in the second quarter. Schnieders Capital Management LLC. now owns 1,564 shares of the company’s stock worth $828,000 after purchasing an additional 26 shares during the period. Jump Financial LLC acquired a new position in shares of GE Vernova during the 2nd quarter valued at $258,000. Ossiam acquired a new position in shares of GE Vernova during the 2nd quarter valued at $42,000. Finally, Nebula Research & Development LLC raised its stake in shares of GE Vernova by 23.9% in the 2nd quarter. Nebula Research & Development LLC now owns 1,674 shares of the company’s stock worth $886,000 after buying an additional 323 shares in the last quarter.

GE Vernova Stock Up 1.9%

GE Vernova stock opened at $1,008.71 on Tuesday. GE Vernova Inc. has a twelve month low of $530.16 and a twelve month high of $1,195.94. 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 $268.65 billion, a PE ratio of 28.87, a P/E/G ratio of 3.56 and a beta of 1.21. The firm’s 50 day moving average price is $1,027.43 and its two-hundred day moving average price is $937.34.

GE Vernova (NYSE:GEV) last posted its quarterly earnings results on Wednesday, July 22nd. The company reported $2.47 EPS for the quarter, missing the consensus estimate of $3.17 by ($0.70). GE Vernova had a net margin of 23.03% and a return on equity of 42.42%. The company had revenue of $11.10 billion for the quarter, compared to analysts’ expectations of $10.79 billion. During the same quarter in the prior year, the firm earned $1.86 earnings per share. The company’s revenue was up 21.9% on a year-over-year basis. On average, research analysts predict that GE Vernova Inc. will post 15.46 EPS for the current fiscal year.

GE Vernova Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 14th. Shareholders of record on Tuesday, June 16th were paid a $0.50 dividend. The ex-dividend date was Tuesday, June 16th. This represents a $2.00 dividend on an annualized basis and a yield of 0.2%. GE Vernova’s payout ratio is 5.72%.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. TD Cowen raised their target price on GE Vernova from $1,220.00 to $1,235.00 and gave the company a “buy” rating in a research note on Thursday, July 23rd. Argus set a $1,300.00 price target on shares of GE Vernova in a report on Monday, April 27th. Royal Bank Of Canada boosted their target price on shares of GE Vernova from $1,195.00 to $1,225.00 and gave the stock an “outperform” rating in a report on Thursday, July 23rd. Jefferies Financial Group restated a “buy” rating on shares of GE Vernova in a report on Monday, July 27th. Finally, The Goldman Sachs Group restated a “buy” rating and issued a $1,328.00 price target on shares of GE Vernova in a research report on Friday, April 24th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,133.15.

Insider Transactions at GE Vernova

In other GE Vernova news, CAO Matthew Joseph Potvin sold 2,333 shares of the company’s stock in a transaction dated 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 directly owned 3,549 shares of the company’s stock, valued at $3,758,710.41. This represents a 39.66% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Victor Abate sold 4,819 shares of the company’s stock in a transaction dated 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 in the company, valued at approximately $1,739,726.80. The trade was a 72.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.21% of the company’s stock.

About GE Vernova

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.