Jupiter Asset Management Ltd. Lowers Holdings in GE Vernova Inc. $GEV

Key Points

• Jupiter Asset Management cut its GE Vernova stake by 27.6% in the fourth quarter, selling 22,645 shares and ending with 59,413 shares valued at about $38.8 million.
• GE Vernova reported a strong quarter, with EPS of $17.44 versus the $1.95 estimate and revenue of $9.34 billion, up 17% year over year.
• Analysts remain broadly positive on the stock: several firms lifted price targets, and the consensus rating is Moderate Buy with an average target price of $1,090.76.

Jupiter Asset Management Ltd. decreased its holdings in GE Vernova Inc. (NYSE:GEV - Free Report) by 27.6% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 59,413 shares of the company's stock after selling 22,645 shares during the quarter. Jupiter Asset Management Ltd.'s holdings in GE Vernova were worth $38,831,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Moors & Cabot Inc. raised its position in GE Vernova by 28.5% in the 4th quarter. Moors & Cabot Inc. now owns 6,124 shares of the company's stock worth $4,003,000 after buying an additional 1,360 shares during the last quarter. Intech Investment Management LLC grew its stake in shares of GE Vernova by 202.9% during the 4th quarter. Intech Investment Management LLC now owns 79,757 shares of the company's stock valued at $52,127,000 after purchasing an additional 53,426 shares during the period. Foundations Investment Advisors LLC grew its stake in shares of GE Vernova by 32.8% during the 4th quarter. Foundations Investment Advisors LLC now owns 4,289 shares of the company's stock valued at $2,803,000 after acquiring an additional 1,060 shares during the period. Godfrey Financial Associates Inc. purchased a new position in shares of GE Vernova during the 4th quarter valued at $134,000. Finally, Thoroughbred Financial Services LLC boosted its stake in shares of GE Vernova by 7.5% in the fourth quarter. Thoroughbred Financial Services LLC now owns 471 shares of the company's stock worth $307,000 after acquiring an additional 33 shares during the period.

GE Vernova Trading Down 3.5%

Shares of NYSE:GEV opened at $996.00 on Friday. The business's fifty day simple moving average is $994.75 and its 200-day simple moving average is $805.17. GE Vernova Inc. has a 12-month low of $458.65 and a 12-month high of $1,181.95. The company has a current ratio of 0.89, a quick ratio of 0.65 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $267.65 billion, a PE ratio of 29.01, a P/E/G ratio of 3.86 and a beta of 1.51.

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

GE Vernova Dividend Announcement

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

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. JPMorgan Chase & Co. boosted their target price on shares of GE Vernova from $1,000.00 to $1,150.00 and gave the stock an "overweight" rating in a report on Thursday, April 16th. Zacks Research lowered shares of GE Vernova from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 28th. Jefferies Financial Group boosted their price objective on GE Vernova from $965.00 to $1,350.00 and gave the stock a "buy" rating in a research note on Friday, April 24th. Evercore boosted their price objective on shares of GE Vernova from $860.00 to $905.00 and gave the company an "outperform" rating in a research report on Thursday, January 29th. Finally, Susquehanna set a $1,300.00 price target on shares of GE Vernova in a research note on Thursday, April 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $1,090.76.

Insiders Place Their Bets

In related news, CAO Matthew Joseph Potvin sold 2,333 shares of GE Vernova stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $1,059.09, for a total transaction of $2,470,856.97. Following the completion of the transaction, the chief accounting officer directly owned 3,549 shares in the company, valued at approximately $3,758,710.41. This trade represents a 39.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.21% of the company's stock.

GE Vernova News Summary

Here are the key news stories impacting GE Vernova this week:

• Positive Sentiment: UBS identified GE Vernova as one of its highest-conviction industrial picks, signaling strong analyst confidence in the company’s outlook and supporting investor sentiment. GE Vernova, Boeing lead UBS’s highest-conviction industrial calls
• Positive Sentiment: Another market report said analysts view GE Vernova (GEV) as one of the best industrial buy ideas, which can help sustain demand for the shares even after recent volatility. Analysts Name Best Picks In Industrials. One Is Topping A Buy Point Today.
• Positive Sentiment: Coverage focused on GE Vernova’s strong cash generation and analyst optimism, suggesting the market continues to view the company as a quality industrial with solid fundamentals. Is GE Vernova (GEV) a Buy as Wall Street Analysts Look Optimistic?
• Neutral Sentiment: An article highlighted GE Vernova’s presentation at Bernstein’s strategic decisions conference, but it did not include a major new catalyst for the stock. GE Vernova Inc. (GEV) Presents at Bernstein 42nd Annual Strategic Decisions Conference Transcript
• Negative Sentiment: Some commentary raised concerns that GE Vernova’s AI/data-center upside may be more limited than bulls expect, pointing to physical constraints and project delays that could temper enthusiasm. GE Vernova: Physical Limitations Put A Harsh Ceiling On The AI Upside
• Negative Sentiment: Another piece questioned whether a turbine milestone will translate into stronger cash flow and dividend potential, which may weigh on valuation if investors focus on capital returns. GE Vernova Turbine Milestone Raises Questions On Cash Flows And Dividends

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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