GE Vernova Inc. $GEV Shares Sold by MBB Public Markets I LLC

MBB Public Markets I LLC cut its holdings in GE Vernova Inc. (NYSE:GEV - Free Report) by 86.4% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 953 shares of the company's stock after selling 6,047 shares during the period. MBB Public Markets I LLC's holdings in GE Vernova were worth $291,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Brighton Jones LLC lifted its position in GE Vernova by 29.4% in the 4th quarter. Brighton Jones LLC now owns 3,315 shares of the company's stock valued at $1,091,000 after purchasing an additional 753 shares during the last quarter. American Assets Inc. bought a new stake in GE Vernova in the 4th quarter valued at about $658,000. Janus Henderson Group PLC lifted its position in GE Vernova by 0.4% in the 4th quarter. Janus Henderson Group PLC now owns 33,013 shares of the company's stock valued at $10,867,000 after purchasing an additional 132 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in GE Vernova by 47.1% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 61,999 shares of the company's stock valued at $20,438,000 after purchasing an additional 19,838 shares during the last quarter. Finally, Nuveen Asset Management LLC lifted its position in GE Vernova by 5.0% in the 4th quarter. Nuveen Asset Management LLC now owns 614,792 shares of the company's stock valued at $202,224,000 after purchasing an additional 29,548 shares during the last quarter.

Insider Buying and Selling at GE Vernova

In other news, CFO Kenneth Scott Parks sold 3,300 shares of the business's stock in a transaction that occurred on 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 sale, the chief financial officer owned 7,590 shares in the company, valued at $4,705,800. The trade was a 30.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.15% of the stock is currently owned by company insiders.

GE Vernova Price Performance

NYSE GEV opened at $635.37 on Friday. The company's 50 day simple moving average is $606.48 and its 200 day simple moving average is $465.05. GE Vernova Inc. has a 12 month low of $199.65 and a 12 month high of $677.29. The company has a market capitalization of $172.96 billion, a P/E ratio of 153.10, a PEG ratio of 4.45 and a beta of 1.87.

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

GE Vernova Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 18th. Investors of record on Monday, July 21st were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date was Monday, July 21st. GE Vernova's payout ratio is presently 24.10%.

Wall Street Analysts Forecast Growth

GEV has been the topic of several recent research reports. Jefferies Financial Group downgraded shares of GE Vernova from a "buy" rating to a "hold" rating and lifted their price objective for the company from $427.00 to $517.00 in a research report on Thursday, May 29th. Wolfe Research downgraded shares of GE Vernova from an "outperform" rating to a "peer perform" rating in a research report on Friday, June 13th. Bank of America lifted their price objective on shares of GE Vernova from $550.00 to $620.00 and gave the company a "buy" rating in a research report on Thursday, July 17th. JPMorgan Chase & Co. lifted their price objective on shares of GE Vernova from $620.00 to $715.00 and gave the company 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 research report on Thursday, July 24th. Four equities 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 stock. According to MarketBeat.com, GE Vernova presently has a consensus rating of "Moderate Buy" and a consensus target price of $573.75.

About GE Vernova

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.

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