2,445 Shares in GE Vernova Inc. $GEV Purchased by Caxton Associates LLP

Key Points

• Caxton Associates LLP has made a new investment in GE Vernova Inc., acquiring 2,445 shares valued at approximately $746,000 in the first quarter.
• Several analysts have upgraded GE Vernova's stock ratings, with brokerages like BMO Capital Markets increasing their price target from $590 to $690, indicating strong market confidence.
• GE Vernova recently declared a quarterly dividend of $0.25 per share, with an annualized yield of 0.2%, demonstrating ongoing profitability and commitment to returning value to shareholders.

Caxton Associates LLP acquired a new stake in shares of GE Vernova Inc. (NYSE:GEV - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 2,445 shares of the company's stock, valued at approximately $746,000.

Several other hedge funds have also recently made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in GE Vernova by 1.8% during the first quarter. Vanguard Group Inc. now owns 24,392,613 shares of the company's stock valued at $7,446,577,000 after buying an additional 432,830 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in shares of GE Vernova by 7.4% in the first quarter. Goldman Sachs Group Inc. now owns 3,129,958 shares of the company's stock worth $955,513,000 after purchasing an additional 214,483 shares during the period. GAMMA Investing LLC boosted its position in shares of GE Vernova by 32,984.2% in the first quarter. GAMMA Investing LLC now owns 2,141,539 shares of the company's stock worth $653,769,000 after purchasing an additional 2,135,066 shares during the period. Wellington Management Group LLP boosted its position in shares of GE Vernova by 50.9% in the first quarter. Wellington Management Group LLP now owns 2,029,948 shares of the company's stock worth $619,703,000 after purchasing an additional 684,794 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its position in shares of GE Vernova by 47.4% in the first quarter. Massachusetts Financial Services Co. MA now owns 1,937,018 shares of the company's stock worth $591,333,000 after purchasing an additional 622,730 shares during the period.

Insider Buying and Selling at GE Vernova

In other news, CFO Kenneth Scott Parks sold 3,300 shares of the stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $620.00, for a total value of $2,046,000.00. Following the sale, the chief financial officer owned 7,590 shares of the company's stock, valued at approximately $4,705,800. This represents a 30.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.15% of the company's stock.

Analyst Ratings Changes

A number of research firms have weighed in on GEV. Wall Street Zen lowered shares of GE Vernova from a "buy" rating to a "hold" rating in a research report on Saturday, July 26th. HSBC upped their price target on shares of GE Vernova from $570.00 to $580.00 and gave the stock a "hold" rating in a research report on Friday, September 5th. Jefferies Financial Group upped their target price on shares of GE Vernova from $658.00 to $668.00 and gave the stock a "hold" rating in a research report on Friday. UBS Group started coverage on shares of GE Vernova in a research report on Monday, July 7th. They set a "buy" rating and a $614.00 target price for the company. Finally, JPMorgan Chase & Co. upped their target price on shares of GE Vernova from $620.00 to $715.00 and gave the stock an "overweight" rating in a research report on Thursday, July 24th. Four equities research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and nine have issued a Hold rating to the company's stock. According to MarketBeat.com, GE Vernova has an average rating of "Moderate Buy" and an average price target of $580.04.

GE Vernova Stock Performance

GEV stock traded down $8.16 during trading on Friday, hitting $625.99. 2,638,986 shares of the company's stock traded hands, compared to its average volume of 3,511,791. GE Vernova Inc. has a 52 week low of $219.01 and a 52 week high of $677.29. The business has a fifty day simple moving average of $606.48 and a 200 day simple moving average of $465.05. The stock has a market capitalization of $170.41 billion, a price-to-earnings ratio of 150.84, a P/E/G ratio of 4.45 and a beta of 1.87.

GE Vernova (NYSE:GEV - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The company reported $1.86 EPS for the quarter, beating the consensus estimate of $1.63 by $0.23. GE Vernova had a net margin of 3.16% and a return on equity of 13.23%. The business had revenue of $9.11 billion during the quarter, compared to analyst estimates of $8.78 billion. During the same quarter last year, the business earned $4.65 earnings per share. GE Vernova's quarterly revenue was up 11.1% compared to the same quarter last year. GE Vernova has set its FY 2025 guidance at EPS. Research analysts forecast that GE Vernova Inc. will post 6.59 earnings per share for the current fiscal year.

GE Vernova Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 18th. Stockholders of record on Monday, July 21st were paid a $0.25 dividend. The ex-dividend date of this dividend was Monday, July 21st. This represents a $1.00 annualized dividend and a dividend yield of 0.2%. GE Vernova's dividend payout ratio is currently 24.10%.

About GE Vernova

GE Vernova LLC, an energy business company, generates electricity. It operates under three segments: Power, Wind, and Electrification. The Power segments generates and sells electricity through hydro, gas, nuclear, and steam power. Wind segment engages in the manufacturing and sale of wind turbine blades; and Electrification segment provides grid solutions, power conversion, solar, and storage solutions.