GE Vernova Inc. $GEV Shares Sold by Trexquant Investment LP

Key Points

• Trexquant Investment LP has reduced its stake in GE Vernova Inc. by 28.2%, holding 56,911 shares valued at approximately $17.37 million following the sale of 22,313 shares in the 1st quarter.
• Vanguard Group, Goldman Sachs, and several other hedge funds have increased their stakes in GE Vernova, with Vanguard now owning over 24 million shares valued at $7.45 billion, reflecting significant institutional interest.
• GE Vernova announced a quarterly dividend of $0.25 per share, representing a 0.2% yield and a dividend payout ratio of 24.10%.

Trexquant Investment LP decreased its position in GE Vernova Inc. (NYSE:GEV - Free Report) by 28.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 56,911 shares of the company's stock after selling 22,313 shares during the quarter. Trexquant Investment LP's holdings in GE Vernova were worth $17,374,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in GEV. Vanguard Group Inc. increased its stake in 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 purchasing an additional 432,830 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in 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 purchasing an additional 214,483 shares during the last quarter. GAMMA Investing LLC increased its stake in 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 purchasing an additional 2,135,066 shares during the last quarter. Wellington Management Group LLP increased its stake in 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 purchasing an additional 684,794 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA increased 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 purchasing an additional 622,730 shares during the last quarter.

Insider Activity at GE Vernova

In other 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 owned 7,590 shares in the company, valued at $4,705,800. This represents a 30.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.15% of the stock is owned by company insiders.

GE Vernova Price Performance

GE Vernova stock opened at $634.27 on Friday. GE Vernova Inc. has a 12 month low of $185.35 and a 12 month high of $677.29. The business has a 50 day simple moving average of $587.17 and a 200-day simple moving average of $448.15. The stock has a market capitalization of $172.66 billion, a PE ratio of 152.84, a price-to-earnings-growth ratio of 4.30 and a beta of 1.90.

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

GE Vernova Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, August 18th. Stockholders of record on Monday, July 21st were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.2%. The ex-dividend date was Monday, July 21st. GE Vernova's dividend payout ratio is 24.10%.

Wall Street Analyst Weigh In

Several brokerages have commented on GEV. TD Cowen increased their price target on shares of GE Vernova from $390.00 to $685.00 and gave the company a "buy" rating in a research note on Friday, July 25th. The Goldman Sachs Group increased their price target on shares of GE Vernova from $500.00 to $570.00 and gave the company a "buy" rating in a research note on Tuesday, June 10th. Glj Research assumed coverage on shares of GE Vernova in a research note on Monday, June 23rd. They issued a "buy" rating on the stock. JPMorgan Chase & Co. increased their price objective on GE Vernova from $620.00 to $715.00 and gave the company an "overweight" rating in a report on Thursday, July 24th. Finally, Barclays increased their price objective on GE Vernova from $580.00 to $706.00 and gave the company an "overweight" rating in a report on Thursday, July 24th. Four equities research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $560.21.

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.

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