Graham Capital Management L.P. Trims Position in GE Vernova Inc. $GEV

Key Points

• Graham Capital Management L.P. reduced its stake in GE Vernova Inc. by 54.6%, leaving them with 13,585 shares valued at approximately $4.15 million.
• Several institutional investors, including EQ Wealth Advisors and IMA Advisory Services, made new investments in GE Vernova during the first quarter, indicating increasing interest in the company.
• Analysts have varied opinions on GE Vernova, with Wells Fargo raising the price target to $697, while others have issued a mix of "buy" and "hold" ratings, reflecting uncertainty about the stock's performance.

Graham Capital Management L.P. lessened its stake in GE Vernova Inc. (NYSE:GEV - Free Report) by 54.6% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,585 shares of the company's stock after selling 16,335 shares during the period. Graham Capital Management L.P.'s holdings in GE Vernova were worth $4,147,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Westover Capital Advisors LLC increased its position in GE Vernova by 2.3% in the 1st quarter. Westover Capital Advisors LLC now owns 1,130 shares of the company's stock valued at $345,000 after acquiring an additional 25 shares during the period. SVB Wealth LLC increased its position in GE Vernova by 0.7% during the 1st quarter. SVB Wealth LLC now owns 3,585 shares of the company's stock worth $1,094,000 after purchasing an additional 26 shares during the period. Stonebridge Financial Group LLC increased its position in GE Vernova by 8.9% during the 1st quarter. Stonebridge Financial Group LLC now owns 344 shares of the company's stock worth $105,000 after purchasing an additional 28 shares during the period. Whittier Trust Co. of Nevada Inc. increased its position in GE Vernova by 0.4% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 8,510 shares of the company's stock worth $2,598,000 after purchasing an additional 30 shares during the period. Finally, Hemington Wealth Management increased its position in GE Vernova by 20.3% during the 1st quarter. Hemington Wealth Management now owns 178 shares of the company's stock worth $54,000 after purchasing an additional 30 shares during the period.

Insider Buying and Selling at GE Vernova

In other GE Vernova 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 transaction of $2,046,000.00. Following the transaction, the chief financial officer owned 7,590 shares of the company's stock, valued at $4,705,800. This represents a 30.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. 0.15% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on GEV. Citigroup boosted their target price on GE Vernova from $544.00 to $670.00 and gave the stock a "neutral" rating in a research report on Thursday, July 24th. Bank of America boosted their target price on GE Vernova from $550.00 to $620.00 and gave the stock a "buy" rating in a research report on Thursday, July 17th. The Goldman Sachs Group boosted their target price on GE Vernova from $500.00 to $570.00 and gave the stock a "buy" rating in a research report on Tuesday, June 10th. Morgan Stanley boosted their target price on GE Vernova from $511.00 to $675.00 and gave the stock an "overweight" rating in a research report on Thursday, July 24th. Finally, Royal Bank Of Canada restated an "outperform" rating on shares of GE Vernova in a report on Thursday, July 24th. Four investment analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $560.21.

GE Vernova Stock Performance

GEV stock traded down $2.88 on Wednesday, reaching $576.80. The company had a trading volume of 3,652,764 shares, compared to its average volume of 3,529,152. GE Vernova Inc. has a 1 year low of $192.12 and a 1 year high of $677.29. The company's fifty day moving average is $593.39 and its 200 day moving average is $453.54. The company has a market cap of $157.02 billion, a P/E ratio of 138.99, a PEG ratio of 4.24 and a beta of 1.87.

GE Vernova (NYSE:GEV - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The company reported $1.86 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.63 by $0.23. GE Vernova had a return on equity of 13.23% and a net margin of 3.16%.The firm had revenue of $9.11 billion for the quarter, compared to analyst estimates of $8.78 billion. During the same quarter in the prior year, the company earned $4.65 EPS. GE Vernova's revenue was up 11.1% on a year-over-year basis. GE Vernova has set its FY 2025 guidance at EPS. On average, sell-side analysts predict that GE Vernova Inc. will post 6.59 earnings per share for the current 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 paid 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 of this dividend was Monday, July 21st. GE Vernova's dividend payout ratio is currently 24.10%.

GE Vernova 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.