D L Carlson Investment Group Inc. Sells 3,234 Shares of GE Vernova Inc. $GEV

Key Points

• D L Carlson Investment Group Inc. has reduced its stake in GE Vernova Inc. by 18.4%, holding 14,304 shares worth approximately $4,367,000 after selling 3,234 shares in Q1.
• GE Vernova's stock has received mixed ratings from analysts, with price targets varying significantly; Robert W. Baird increased their target to $706.00, while Wolfe Research downgraded it to "peer perform."
• The company recently reported Q2 earnings of $1.86 per share, exceeding estimates, alongside a revenue of $9.11 billion, reflecting an 11.1% year-over-year growth.

D L Carlson Investment Group Inc. trimmed its position in GE Vernova Inc. (NYSE:GEV - Free Report) by 18.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,304 shares of the company's stock after selling 3,234 shares during the period. D L Carlson Investment Group Inc.'s holdings in GE Vernova were worth $4,367,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. GAMMA Investing LLC grew its stake in shares of GE Vernova by 32,984.2% during the 1st quarter. GAMMA Investing LLC now owns 2,141,539 shares of the company's stock worth $653,769,000 after acquiring an additional 2,135,066 shares in the last quarter. TD Asset Management Inc lifted its position in shares of GE Vernova by 627.2% in the first quarter. TD Asset Management Inc now owns 926,842 shares of the company's stock worth $282,946,000 after purchasing an additional 799,388 shares in the last quarter. Nuveen LLC acquired a new position in GE Vernova during the first quarter worth $223,556,000. Jacobs Levy Equity Management Inc. grew its position in GE Vernova by 148.6% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 1,155,183 shares of the company's stock valued at $379,974,000 after purchasing an additional 690,513 shares in the last quarter. Finally, Wellington Management Group LLP grew its position in GE Vernova by 50.9% in the first quarter. Wellington Management Group LLP now owns 2,029,948 shares of the company's stock valued at $619,703,000 after purchasing an additional 684,794 shares in the last quarter.

Analyst Ratings Changes

A number of research firms have recently commented on GEV. Barclays increased their price objective on shares of GE Vernova from $580.00 to $706.00 and gave the stock an "overweight" rating in a research note on Thursday, July 24th. Mizuho downgraded GE Vernova from an "outperform" rating to a "neutral" rating and set a $670.00 price target for the company. in a research note on Monday, July 28th. Wall Street Zen lowered GE Vernova from a "buy" rating to a "hold" rating in a research report on Saturday, July 26th. Royal Bank Of Canada reiterated an "outperform" rating on shares of GE Vernova in a research note on Thursday, July 24th. Finally, UBS Group started coverage on shares of GE Vernova in a research note on Monday, July 7th. They issued a "buy" rating and a $614.00 target price for the company. Four research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat, GE Vernova presently has a consensus rating of "Moderate Buy" and a consensus price target of $560.21.

GE Vernova Trading Down 3.0%

Shares of GEV traded down $19.09 during midday trading on Friday, reaching $614.60. The stock had a trading volume of 2,264,673 shares, compared to its average volume of 2,432,720. The firm has a 50 day simple moving average of $589.73 and a 200-day simple moving average of $450.37. GE Vernova Inc. has a one year low of $185.35 and a one year high of $677.29. The firm has a market cap of $167.31 billion, a PE ratio of 148.10, a P/E/G ratio of 4.24 and a beta of 1.90.

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

GE Vernova Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, August 18th. Investors of record on Monday, July 21st were issued a dividend of $0.25 per share. 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 payout ratio is presently 24.10%.

Insider Activity at GE Vernova

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

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.