Cyrus J. Lawrence LLC Sells 15,398 Shares of GE Vernova Inc. $GEV

Key Points

• Cyrus J. Lawrence LLC significantly reduced its stake in GE Vernova Inc. by 90.5% during the first quarter, holding only 1,611 shares post-sale, which now accounts for 1.9% of its portfolio.
• Multiple institutional investors have increased their positions in GE Vernova, with GAMMA Investing LLC boosting its stake by an astonishing 32,984.2% in the same period.
• Analysts have mixed views on GE Vernova, with Mizuho downgrading it to "neutral," while Morgan Stanley and TD Cowen have raised their price targets significantly, supporting a consensus rating of "Moderate Buy."

Cyrus J. Lawrence LLC reduced its holdings in shares of GE Vernova Inc. (NYSE:GEV - Free Report) by 90.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,611 shares of the company's stock after selling 15,398 shares during the quarter. GE Vernova accounts for 1.9% of Cyrus J. Lawrence LLC's portfolio, making the stock its 28th largest position. Cyrus J. Lawrence LLC's holdings in GE Vernova were worth $491,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in GEV. Brighton Jones LLC boosted its stake in GE Vernova by 29.4% during the 4th quarter. Brighton Jones LLC now owns 3,315 shares of the company's stock valued at $1,091,000 after acquiring an additional 753 shares during the last quarter. American Assets Inc. bought a new stake in shares of GE Vernova during the 4th quarter worth about $658,000. Rehmann Capital Advisory Group acquired a new position in shares of GE Vernova in the 4th quarter worth approximately $312,000. Keel Point LLC grew its stake in shares of GE Vernova by 25.0% in the 4th quarter. Keel Point LLC now owns 1,090 shares of the company's stock worth $359,000 after purchasing an additional 218 shares during the last quarter. Finally, AlTi Global Inc. grew its stake in shares of GE Vernova by 55.6% in the 4th quarter. AlTi Global Inc. now owns 1,477 shares of the company's stock worth $490,000 after purchasing an additional 528 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Susquehanna boosted their price objective on shares of GE Vernova from $662.00 to $736.00 and gave the company a "positive" rating in a research report on Thursday, July 24th. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of GE Vernova in a research report on Thursday, July 24th. Wolfe Research cut shares of GE Vernova from an "outperform" rating to a "peer perform" rating in a research note on Friday, June 13th. Jefferies Financial Group cut shares of GE Vernova from a "buy" rating to a "hold" rating and increased their target price for the stock from $427.00 to $517.00 in a research report on Thursday, May 29th. Finally, Wells Fargo & Company raised their target price on shares of GE Vernova from $474.00 to $697.00 and gave the company an "overweight" rating in a research note on Thursday, July 24th. Four research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat, GE Vernova currently has an average rating of "Moderate Buy" and an average target price of $560.21.

Insider Buying and Selling

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

GE Vernova Trading Down 0.5%

NYSE GEV traded down $2.88 during trading on Wednesday, hitting $576.80. 3,655,977 shares of the company's stock were exchanged, compared to its average volume of 3,529,210. The company has a market cap of $157.02 billion, a PE ratio of 138.99, a P/E/G ratio of 4.24 and a beta of 1.87. The stock's 50 day moving average price is $593.39 and its two-hundred day moving average price is $453.54. GE Vernova Inc. has a fifty-two week low of $192.12 and a fifty-two week high of $677.29.

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

GE Vernova Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, August 18th. Shareholders of record on Monday, July 21st were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date was Monday, July 21st. GE Vernova's dividend payout ratio is presently 24.10%.

GE Vernova Company Profile

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.