Focus Partners Advisor Solutions LLC Raises Holdings in GE Vernova Inc. $GEV

Key Points

• Focus Partners Advisor Solutions LLC increased its holdings in GE Vernova Inc. by 78.4% during the first quarter, now owning 5,911 shares valued at approximately $1.8 million.
• GE Vernova's CFO sold 3,300 shares for $2.046 million, resulting in a 30.30% decrease in his ownership of the stock.
• The company's earnings report showed a quarterly revenue increase of 11.1% year-over-year, beating consensus estimates with earnings per share of $1.86, up from $4.65 in the same quarter the previous year.

Focus Partners Advisor Solutions LLC increased its stake in GE Vernova Inc. (NYSE:GEV - Free Report) by 78.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,911 shares of the company's stock after acquiring an additional 2,598 shares during the period. Focus Partners Advisor Solutions LLC's holdings in GE Vernova were worth $1,805,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Vanguard Group Inc. raised its stake in shares of GE Vernova by 1.8% in the first quarter. Vanguard Group Inc. now owns 24,392,613 shares of the company's stock valued at $7,446,577,000 after acquiring an additional 432,830 shares in the last quarter. Goldman Sachs Group Inc. raised its stake 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 valued at $955,513,000 after acquiring an additional 214,483 shares in the last quarter. GAMMA Investing LLC raised its stake 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 valued at $653,769,000 after acquiring an additional 2,135,066 shares in the last quarter. Wellington Management Group LLP raised its stake 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 valued at $619,703,000 after acquiring an additional 684,794 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA raised its stake in 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 valued at $591,333,000 after buying an additional 622,730 shares in the last quarter.

GE Vernova Trading Down 2.8%

Shares of GE Vernova stock traded down $16.90 on Friday, hitting $581.92. The stock had a trading volume of 3,473,078 shares, compared to its average volume of 2,574,632. The stock has a market cap of $158.41 billion, a price-to-earnings ratio of 140.22, a P/E/G ratio of 4.02 and a beta of 1.87. GE Vernova Inc. has a 52-week low of $193.38 and a 52-week high of $677.29. The company's 50 day moving average price is $597.95 and its 200 day moving average price is $458.00.

GE Vernova (NYSE:GEV - Get Free Report) last posted 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. The firm had revenue of $9.11 billion during the quarter, compared to the consensus estimate of $8.78 billion. GE Vernova had a return on equity of 13.23% and a net margin of 3.16%.The firm's revenue was up 11.1% compared to the same quarter last year. During the same period in the prior year, the business earned $4.65 EPS. GE Vernova has set its FY 2025 guidance at EPS. Analysts predict that GE Vernova Inc. will post 6.59 EPS for the current fiscal year.

GE Vernova Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 18th. Shareholders of record on Monday, July 21st were paid 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 yield of 0.2%. GE Vernova's dividend payout ratio is currently 24.10%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on GEV. JPMorgan Chase & Co. lifted their price target on GE Vernova from $620.00 to $715.00 and gave the stock an "overweight" rating in a report on Thursday, July 24th. Citigroup lifted their price target on GE Vernova from $544.00 to $670.00 and gave the stock a "neutral" rating in a report on Thursday, July 24th. TD Cowen lifted their price target on GE Vernova from $390.00 to $685.00 and gave the stock a "buy" rating in a report on Friday, July 25th. The Goldman Sachs Group lifted their price target on GE Vernova from $500.00 to $570.00 and gave the stock a "buy" rating in a report on Tuesday, June 10th. Finally, Bank of America lifted their price target on GE Vernova from $550.00 to $620.00 and gave the stock a "buy" rating in a report on Thursday, July 17th. Four equities research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and nine have given a Hold rating to the company's stock. According to data from MarketBeat.com, GE Vernova presently has an average rating of "Moderate Buy" and a consensus target price of $573.75.

Insider Buying and Selling

In other GE Vernova news, CFO Kenneth Scott Parks sold 3,300 shares of the company's stock in a transaction that occurred on Tuesday, August 26th. The stock was 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 directly owned 7,590 shares of the company's stock, valued at $4,705,800. This represents a 30.30% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.15% of the stock is currently owned by corporate insiders.

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.