GE Vernova Inc. $GEV Position Lessened by Resona Asset Management Co. Ltd.

Key Points

• Resona Asset Management reduced its GE Vernova position by 5.2% in the second quarter, selling 4,287 shares and retaining 78,724 shares valued at approximately $91.3 million.
• GE Vernova reported quarterly revenue of $11.1 billion, up 21.9% year over year and above estimates, but earnings per share of $2.47 missed consensus by $0.70. Analysts maintain a “Moderate Buy” consensus with an average price target of $1,133.15.
• The stock’s strong outlook is supported by rising power-equipment demand, an approximately $176 billion backlog and potential AI-infrastructure and nuclear projects, though its elevated valuation and recent insider selling present risks.

Resona Asset Management Co. Ltd. decreased its position in shares of GE Vernova Inc. (NYSE:GEV - Free Report) by 5.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 78,724 shares of the company's stock after selling 4,287 shares during the period. Resona Asset Management Co. Ltd.'s holdings in GE Vernova were worth $91,264,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. World Investment Advisors raised its position in GE Vernova by 19.9% during the fourth quarter. World Investment Advisors now owns 13,497 shares of the company's stock valued at $8,821,000 after acquiring an additional 2,241 shares in the last quarter. Merit Financial Group LLC grew its position in GE Vernova by 17.4% in the fourth quarter. Merit Financial Group LLC now owns 15,080 shares of the company's stock worth $9,856,000 after acquiring an additional 2,230 shares in the last quarter. Riverbend Wealth Management LLC acquired a new position in shares of GE Vernova during the 4th quarter worth $567,000. Vest Financial LLC increased its stake in shares of GE Vernova by 56.7% during the 4th quarter. Vest Financial LLC now owns 66,191 shares of the company's stock worth $43,260,000 after purchasing an additional 23,956 shares during the last quarter. Finally, RiverFront Investment Group LLC raised its holdings in shares of GE Vernova by 239.2% during the 4th quarter. RiverFront Investment Group LLC now owns 2,191 shares of the company's stock valued at $1,432,000 after purchasing an additional 1,545 shares in the last quarter.

GE Vernova Price Performance

NYSE GEV opened at $1,063.52 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.62 and a debt-to-equity ratio of 0.21. The company has a fifty day simple moving average of $1,034.05 and a 200 day simple moving average of $957.76. The company has a market cap of $283.25 billion, a P/E ratio of 30.44, a P/E/G ratio of 3.79 and a beta of 1.21. GE Vernova Inc. has a 1 year low of $530.16 and a 1 year high of $1,195.94.

GE Vernova (NYSE:GEV - Get Free Report) last posted its earnings results on Wednesday, July 22nd. The company reported $2.47 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.17 by ($0.70). The firm had revenue of $11.10 billion during the quarter, compared to analyst estimates of $10.79 billion. GE Vernova had a net margin of 23.03% and a return on equity of 42.42%. The business's quarterly revenue was up 21.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.86 earnings per share. On average, sell-side analysts predict that GE Vernova Inc. will post 15.57 EPS for the current year.

GE Vernova Dividend Announcement

The firm also recently declared 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 annualized dividend 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 currently 5.72%.

Key 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

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on GEV shares. Weiss Ratings reaffirmed a "buy (b)" rating on shares of GE Vernova in a research note on Tuesday, July 21st. Mizuho increased their target price on shares of GE Vernova from $913.00 to $949.00 and gave the stock a "neutral" rating in a research report on Friday, July 24th. BMO Capital Markets restated an "outperform" rating on shares of GE Vernova in a report on Friday, August 7th. Argus set a $1,300.00 price target on GE Vernova in a research report on Monday, April 27th. Finally, Sanford C. Bernstein upped their price target on GE Vernova from $1,206.00 to $1,298.00 and gave the stock an "outperform" rating in a research note on Thursday, July 23rd. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $1,133.15.

Insider Activity

In other news, CEO Victor Abate sold 4,819 shares of GE Vernova stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $948.08, for a total value of $4,568,797.52. Following 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.21% of the company's stock.

GE Vernova Profile

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.

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