2,284 Shares in GE Vernova Inc. $GEV Purchased by AXQ Capital LP

AXQ Capital LP purchased a new position in shares of GE Vernova Inc. (NYSE:GEV) during the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 2,284 shares of the company’s stock, valued at approximately $1,493,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Charter Research & Investment Group Inc. purchased a new position in shares of GE Vernova during the fourth quarter worth about $203,000. Fielder Capital Group LLC grew its holdings in shares of GE Vernova by 3.4% during the fourth quarter. Fielder Capital Group LLC now owns 547 shares of the company’s stock worth $358,000 after buying an additional 18 shares during the last quarter. Spinnaker Trust grew its holdings in shares of GE Vernova by 16.3% during the fourth quarter. Spinnaker Trust now owns 2,313 shares of the company’s stock worth $1,512,000 after buying an additional 324 shares during the last quarter. Root Financial Partners LLC grew its holdings in shares of GE Vernova by 25.5% during the fourth quarter. Root Financial Partners LLC now owns 645 shares of the company’s stock worth $422,000 after buying an additional 131 shares during the last quarter. Finally, Twin Peaks Wealth Advisors LLC purchased a new position in shares of GE Vernova during the fourth quarter worth about $175,000.

GE Vernova News Roundup

Here are the key news stories impacting GE Vernova this week:

• Positive Sentiment: Wall Street commentary remained constructive, with GE Vernova described as “absolutely terrific” by Jim Cramer, while brokerage sentiment also pointed to an average “Moderate Buy” rating. Jim Cramer Believes “GE Vernova Is Absolutely Terrific”
• Positive Sentiment: The company announced an acquisition of Robotech Automation, a move aimed at expanding robotics and automation capabilities in manufacturing and grid solutions, which could support long-term efficiency and margin improvement. GE Vernova Acquires Robotech Automation to Accelerate Robotics and Automation Capabilities
• Neutral Sentiment: Management also highlighted broader operational themes around data-center build challenges, including tariffs and state-level pushback, which investors may view as a reminder that demand growth could face execution hurdles. GE Vernova CEO sends rattling message on data centers
• Negative Sentiment: A Massachusetts judge refused to lift an order requiring GE Vernova to keep working on the New England offshore wind project and declined to send the dispute with Vineyard Wind to arbitration, keeping legal and project-risk concerns in focus. GE Vernova loses renewed bid to end work on New England wind farm

GE Vernova Trading Down 1.8%

GEV stock opened at $950.65 on Tuesday. The company has a market cap of $255.46 billion, a price-to-earnings ratio of 27.69, a PEG ratio of 3.63 and a beta of 1.24. The company has a quick ratio of 0.65, a current ratio of 0.89 and a debt-to-equity ratio of 0.19. The business has a fifty day simple moving average of $998.51 and a 200-day simple moving average of $810.55. GE Vernova Inc. has a 52 week low of $458.65 and a 52 week high of $1,181.95.

GE Vernova (NYSE:GEV) last released its quarterly earnings data on Wednesday, April 22nd. The company reported $17.44 EPS for the quarter, topping analysts’ consensus estimates of $1.95 by $15.49. The business had revenue of $9.34 billion during the quarter, compared to the consensus estimate of $9.19 billion. GE Vernova had a return on equity of 43.97% and a net margin of 23.81%.The business’s revenue for the quarter was up 17.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.91 EPS. On average, equities research analysts expect that GE Vernova Inc. will post 14.84 EPS for the current year.

GE Vernova Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 14th. Investors of record on Tuesday, June 16th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend is Tuesday, June 16th. GE Vernova’s dividend payout ratio is 5.83%.

Insiders Place Their Bets

In related news, 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 transaction of $2,470,856.97. Following the completion of the sale, the chief accounting officer directly owned 3,549 shares of the company’s stock, valued at approximately $3,758,710.41. This represents a 39.66% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.21% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Mizuho set a $714.00 price objective on GE Vernova in a report on Tuesday, February 3rd. Guggenheim lifted their price objective on GE Vernova from $910.00 to $1,300.00 and gave the company a “buy” rating in a report on Thursday, April 23rd. Jefferies Financial Group upped their target price on GE Vernova from $965.00 to $1,350.00 and gave the company a “buy” rating in a report on Friday, April 24th. Royal Bank Of Canada lifted their price objective on GE Vernova from $996.00 to $1,195.00 and gave the stock an “outperform” rating in a research report on Thursday, April 23rd. Finally, Citigroup lifted their price objective on GE Vernova from $779.00 to $1,110.00 and gave the stock a “neutral” rating in a research report on Monday, April 13th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $1,090.76.

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.