Cadinha & Co. LLC Has $27.30 Million Stock Position in GE Vernova Inc. $GEV

Key Points

• Cadinha & Co. significantly increased its GE Vernova stake by 180% in the second quarter, holding 23,236 shares valued at approximately $27.3 million—about 4% of its portfolio.
• Analysts remain broadly bullish, with a consensus “Moderate Buy” rating and an average price target of $1,133.15, supported by strong power-equipment demand, a large backlog and GE Vernova’s potential role in supplying AI data-center power needs.
• Valuation and execution risks remain: GE Vernova shares have gained roughly 64% over the past year and may be about 14% overvalued, while the company’s latest quarterly EPS missed estimates despite revenue rising 21.9% year over year.

Cadinha & Co. LLC increased its stake in shares of GE Vernova Inc. (NYSE:GEV - Free Report) by 180.0% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 23,236 shares of the company's stock after acquiring an additional 14,937 shares during the period. GE Vernova accounts for about 4.0% of Cadinha & Co. LLC's holdings, making the stock its 6th largest position. Cadinha & Co. LLC's holdings in GE Vernova were worth $27,299,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in GEV. Onyx Bridge Wealth Group LLC raised its holdings in GE Vernova by 1.3% in the first quarter. Onyx Bridge Wealth Group LLC now owns 727 shares of the company's stock worth $635,000 after purchasing an additional 9 shares during the period. Red Door Wealth Management LLC raised its stake in GE Vernova by 0.6% during the 1st quarter. Red Door Wealth Management LLC now owns 1,774 shares of the company's stock worth $1,548,000 after buying an additional 10 shares during the period. Advance Capital Management Inc. lifted its holdings in GE Vernova by 2.2% during the first quarter. Advance Capital Management Inc. now owns 461 shares of the company's stock worth $402,000 after acquiring an additional 10 shares in the last quarter. Alpha Financial Partners LLC grew its stake in GE Vernova by 2.0% in the first quarter. Alpha Financial Partners LLC now owns 514 shares of the company's stock valued at $449,000 after acquiring an additional 10 shares during the period. Finally, Sandy Cove Advisors LLC increased its holdings in shares of GE Vernova by 2.6% in the second quarter. Sandy Cove Advisors LLC now owns 389 shares of the company's stock worth $457,000 after acquiring an additional 10 shares in the last quarter.

Insider Activity at GE Vernova

In other news, CEO Victor Abate sold 4,819 shares of GE Vernova stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $948.08, for a total transaction 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 position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.21% of the company's stock.

Analyst Ratings Changes

GEV has been the subject of a number of research reports. Wall Street Zen cut GE Vernova from a "buy" rating to a "hold" rating in a research note on Saturday, July 25th. Weiss Ratings reissued a "buy (b)" rating on shares of GE Vernova in a research report on Tuesday, July 21st. JPMorgan Chase & Co. raised their price objective on shares of GE Vernova from $1,302.00 to $1,330.00 and gave the stock an "overweight" rating in a report on Thursday, July 23rd. Jefferies Financial Group reaffirmed a "buy" rating on shares of GE Vernova in a research report on Monday, July 27th. Finally, Barclays upped their target price on shares of 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 equities research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $1,133.15.

More GE Vernova News

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

• 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 Stock Up 1.3%

GEV stock opened at $1,063.52 on Friday. The company has a market cap of $283.25 billion, a price-to-earnings ratio of 30.44, a P/E/G ratio of 3.74 and a beta of 1.21. GE Vernova Inc. has a twelve month low of $530.16 and a twelve month high of $1,195.94. The business has a 50 day moving average price of $1,034.05 and a two-hundred day moving average price of $957.76. 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 (NYSE:GEV - Get Free Report) last released its quarterly earnings data 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 during the quarter, compared to analyst estimates of $10.79 billion. During the same period in the previous year, the company posted $1.86 EPS. The company's quarterly revenue was up 21.9% compared to the same quarter last year. 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. Stockholders of record on Tuesday, June 16th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend was Tuesday, June 16th. GE Vernova's dividend payout ratio (DPR) is presently 5.72%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.