Hantz Financial Services Inc. Acquires 971 Shares of GE Vernova Inc. $GEV

Key Points

• Hantz Financial Services increased its GE Vernova stake by 90% in the fourth quarter, buying 971 additional shares and bringing its total holding to 2,050 shares worth about $1.34 million.
• GE Vernova reported strong quarterly earnings, with EPS of $17.44 versus the $1.95 consensus estimate and revenue of $9.34 billion, topping forecasts and rising 17% year over year.
• The stock has drawn bullish analyst attention, with a consensus “Moderate Buy” rating and an average price target of $1,090.76, while the company also announced a quarterly dividend of $0.50 per share.

Hantz Financial Services Inc. boosted its position in shares of GE Vernova Inc. (NYSE:GEV - Free Report) by 90.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,050 shares of the company's stock after purchasing an additional 971 shares during the quarter. Hantz Financial Services Inc.'s holdings in GE Vernova were worth $1,340,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of GEV. Northwestern Mutual Wealth Management Co. increased its stake in GE Vernova by 5,171.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,452,858 shares of the company's stock valued at $1,603,114,000 after purchasing an additional 2,406,326 shares in the last quarter. Capital World Investors increased its stake in GE Vernova by 1,907.5% in the third quarter. Capital World Investors now owns 2,156,197 shares of the company's stock valued at $1,325,842,000 after purchasing an additional 2,048,792 shares in the last quarter. Franklin Resources Inc. increased its stake in GE Vernova by 170.0% in the third quarter. Franklin Resources Inc. now owns 1,175,729 shares of the company's stock valued at $722,956,000 after purchasing an additional 740,339 shares in the last quarter. Jennison Associates LLC increased its stake in GE Vernova by 1,300.4% in the fourth quarter. Jennison Associates LLC now owns 647,791 shares of the company's stock valued at $423,377,000 after purchasing an additional 601,533 shares in the last quarter. Finally, SG Americas Securities LLC increased its stake in GE Vernova by 10,288.6% in the fourth quarter. SG Americas Securities LLC now owns 418,661 shares of the company's stock valued at $273,624,000 after purchasing an additional 414,631 shares in the last quarter.

Insider Buying and Selling at GE Vernova

In other news, CAO Matthew Joseph Potvin sold 2,333 shares of the company's stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $1,059.09, for a total value of $2,470,856.97. Following the completion of the transaction, the chief accounting officer owned 3,549 shares in the company, valued at $3,758,710.41. This represents a 39.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.21% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have commented on GEV shares. Oppenheimer set a $1,303.00 target price on shares of GE Vernova in a research note on Thursday, April 23rd. Mizuho set a $714.00 target price on shares of GE Vernova in a research note on Tuesday, February 3rd. TD Cowen upped their target price on shares of GE Vernova from $780.00 to $1,220.00 and gave the company a "buy" rating in a research note on Thursday, April 23rd. Citigroup upped their target price on shares of GE Vernova from $779.00 to $1,110.00 and gave the company a "neutral" rating in a research note on Monday, April 13th. Finally, Susquehanna set a $1,300.00 target price on shares of GE Vernova in a research note on Thursday, April 23rd. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $1,090.76.

GE Vernova Stock Down 3.6%

GE Vernova stock opened at $1,031.61 on Thursday. The stock has a market capitalization of $277.21 billion, a PE ratio of 30.05, a price-to-earnings-growth ratio of 4.01 and a beta of 1.51. GE Vernova Inc. has a twelve month low of $458.65 and a twelve month high of $1,181.95. The company has a quick ratio of 0.65, a current ratio of 0.89 and a debt-to-equity ratio of 0.19. The company has a 50 day moving average of $991.69 and a 200-day moving average of $802.21.

GE Vernova (NYSE:GEV - Get Free Report) last released its quarterly earnings results on Wednesday, April 22nd. The company reported $17.44 earnings per share for the quarter, beating the consensus estimate of $1.95 by $15.49. The company had revenue of $9.34 billion during the quarter, compared to analysts' expectations of $9.19 billion. GE Vernova had a net margin of 23.81% and a return on equity of 43.97%. The business's quarterly revenue was up 17.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.91 earnings per share. On average, equities research analysts anticipate that GE Vernova Inc. will post 14.84 EPS for the current fiscal year.

GE Vernova Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 14th. Stockholders of record on Tuesday, June 16th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.2%. The ex-dividend date is Tuesday, June 16th. GE Vernova's dividend payout ratio is 5.83%.

GE Vernova Company 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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