GE Vernova Inc. $GEV Shares Acquired by Generali Investments Management Co LLC

Generali Investments Management Co LLC lifted its position in GE Vernova Inc. (NYSE:GEV) by 135.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,540 shares of the company’s stock after purchasing an additional 2,035 shares during the quarter. GE Vernova comprises 0.9% of Generali Investments Management Co LLC’s holdings, making the stock its 20th largest position. Generali Investments Management Co LLC’s holdings in GE Vernova were worth $4,159,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of GEV. Wealth Watch Advisors INC acquired a new position in GE Vernova in the 3rd quarter worth approximately $25,000. Cornerstone Financial Management LLC acquired a new stake in GE Vernova during the 4th quarter valued at approximately $25,000. Torren Management LLC acquired a new stake in GE Vernova during the 4th quarter valued at approximately $26,000. Manning & Napier Advisors LLC boosted its holdings in shares of GE Vernova by 68.4% in the 1st quarter. Manning & Napier Advisors LLC now owns 32 shares of the company’s stock valued at $26,000 after acquiring an additional 13 shares during the last quarter. Finally, Navalign LLC purchased a new stake in shares of GE Vernova in the 4th quarter valued at $27,000.

Analysts Set New Price Targets

Several research analysts recently issued reports on GEV shares. Zacks Research cut shares of GE Vernova from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 28th. BMO Capital Markets reiterated an “outperform” rating on shares of GE Vernova in a research note on Friday. JPMorgan Chase & Co. lifted their price objective on GE Vernova from $1,302.00 to $1,330.00 and gave the company an “overweight” rating in a research note on Thursday, July 23rd. Sanford C. Bernstein boosted their price objective on GE Vernova from $1,206.00 to $1,298.00 and gave the company an “outperform” rating in a report on Thursday, July 23rd. Finally, Barclays upped their target price on GE Vernova from $993.00 to $1,250.00 and gave the stock an “overweight” rating in a research note on Thursday, April 23rd. Two research 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 assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,133.15.

GE Vernova Price Performance

GE Vernova stock opened at $988.37 on Tuesday. The company has a fifty day simple moving average of $1,027.37 and a 200-day simple moving average of $949.18. The firm has a market capitalization of $263.23 billion, a price-to-earnings ratio of 28.29, a PEG ratio of 3.53 and a beta of 1.21. The company has a quick ratio of 0.62, a current ratio of 0.85 and a debt-to-equity ratio of 0.21. GE Vernova Inc. has a 52-week low of $530.16 and a 52-week high of $1,195.94.

GE Vernova (NYSE:GEV) last posted its quarterly earnings results on Wednesday, July 22nd. The company reported $2.47 earnings per share for the quarter, missing the consensus estimate of $3.17 by ($0.70). The business had revenue of $11.10 billion during the quarter, compared to analysts’ expectations of $10.79 billion. GE Vernova had a return on equity of 42.42% and a net margin of 23.03%.The business’s quarterly revenue was up 21.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.86 earnings per share. On average, equities analysts anticipate that GE Vernova Inc. will post 15.57 EPS for the current fiscal year.

GE Vernova Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 14th. Shareholders of record on Tuesday, June 16th were issued 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 dividend payout ratio is presently 5.72%.

Insider Buying and Selling

In other GE Vernova news, CAO Matthew Joseph Potvin sold 2,333 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief accounting officer directly 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Victor Abate sold 4,819 shares of the business’s 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 transaction, the chief executive officer owned 1,835 shares in the company, valued at approximately $1,739,726.80. This represents a 72.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.21% of the company’s stock.

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.