GE Vernova Inc. $GEV Shares Sold by CapWealth Advisors LLC

Key Points

• CapWealth Advisors reduced its GE Vernova stake by 3.1% in the third quarter, selling 1,034 shares and retaining 32,375 shares valued at approximately $30.8 million.
• Institutional ownership remains strong, with major investors including BlackRock, State Street and Bank of America holding or increasing substantial positions in GE Vernova.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $1,171.87. GE Vernova reported 21.9% year-over-year revenue growth but missed quarterly EPS estimates, and declared a $0.50 quarterly dividend.

CapWealth Advisors LLC lowered its stake in GE Vernova Inc. (NYSE:GEV - Free Report) by 3.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 32,375 shares of the company's stock after selling 1,034 shares during the quarter. GE Vernova makes up approximately 2.4% of CapWealth Advisors LLC's investment portfolio, making the stock its 14th largest position. CapWealth Advisors LLC's holdings in GE Vernova were worth $30,772,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Auto Owners Insurance Co boosted its holdings in shares of GE Vernova by 110,973.4% in the 4th quarter. Auto Owners Insurance Co now owns 34,858,156 shares of the company's stock valued at $2,278,224,000 after buying an additional 34,826,773 shares during the last quarter. BlackRock Inc. acquired a new position in GE Vernova during the second quarter worth $25,569,630,000. State Street Corp raised its position in GE Vernova by 3.3% during the second quarter. State Street Corp now owns 11,765,340 shares of the company's stock worth $13,828,380,000 after acquiring an additional 370,842 shares in the last quarter. Bank of America Corp DE raised its position in GE Vernova by 20.1% during the first quarter. Bank of America Corp DE now owns 2,598,178 shares of the company's stock worth $2,267,949,000 after acquiring an additional 435,405 shares in the last quarter. Finally, Capital World Investors lifted its stake in GE Vernova by 1.2% in the fourth quarter. Capital World Investors now owns 2,181,816 shares of the company's stock valued at $1,425,972,000 after acquiring an additional 25,619 shares during the last quarter.

Wall Street Analysts Forecast Growth

GEV has been the subject of a number of analyst reports. President Capital lifted their price objective on shares of GE Vernova from $1,368.00 to $1,398.00 and gave the company a "buy" rating in a research report on Wednesday, July 29th. Oppenheimer raised their target price on shares of GE Vernova from $1,303.00 to $1,338.00 and gave the company an "outperform" rating in a research note on Thursday, July 23rd. Mizuho lifted their price target on GE Vernova from $913.00 to $949.00 and gave the stock a "neutral" rating in a report on Friday, July 24th. Glj Research began coverage on GE Vernova in a research report on Monday, September 14th. They set a "sell" rating and a $470.00 price target on the stock. Finally, TD Cowen upped their price objective on GE Vernova from $1,220.00 to $1,235.00 and gave the company a "buy" rating in a research note on Thursday, July 23rd. Two analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, five have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $1,171.87.

GE Vernova Price Performance

Shares of GEV stock traded up $3.25 during trading on Monday, hitting $991.95. The company had a trading volume of 834,856 shares, compared to its average volume of 2,649,912. The firm has a market capitalization of $264.19 billion, a P/E ratio of 28.40, a price-to-earnings-growth ratio of 3.35 and a beta of 1.14. GE Vernova Inc. has a one year low of $530.16 and a one year high of $1,195.94. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.62 and a current ratio of 0.85. The stock's 50-day moving average price is $963.65 and its 200 day moving average price is $994.45.

GE Vernova (NYSE:GEV - Get Free Report) last posted its quarterly earnings data on Wednesday, July 22nd. The company reported $2.47 EPS for the quarter, missing analysts' consensus estimates of $3.17 by ($0.70). The company had revenue of $11.10 billion for the quarter, compared to the consensus estimate of $10.79 billion. GE Vernova had a return on equity of 42.42% and a net margin of 23.03%.GE Vernova's revenue was up 21.9% on a year-over-year basis. During the same quarter last year, the business earned $1.86 EPS. Equities analysts expect that GE Vernova Inc. will post 15.38 EPS for the current fiscal year.

GE Vernova Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 24th. Investors of record on Tuesday, October 27th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, October 27th. This represents a $2.00 annualized dividend and a yield of 0.2%. GE Vernova's dividend payout ratio is currently 5.72%.

About GE Vernova

GE Vernova Inc NYSE: GEV is an energy technology company formed through the separation of General Electric's energy businesses in April 2024. The company is focused on helping generate, transmit, distribute and store electricity as power systems adapt to rising demand and the transition toward lower-carbon energy sources.

GE Vernova operates across three principal business areas: Power, Wind and Electrification. Its products and services include gas and steam power generation equipment, nuclear and hydropower technologies, onshore and offshore wind turbines, wind services, grid equipment, electrification systems, energy storage solutions and software used to monitor and manage energy infrastructure.

The company serves utilities, independent power producers, industrial customers and other energy-sector organizations in markets around the world.

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