3,631 Shares in GE Vernova Inc. $GEV Acquired by Night Squared LP

Key Points

• Night Squared LP has acquired a new stake in GE Vernova Inc. worth approximately $1,108,000, buying 3,631 shares in the 1st quarter.
• GE Vernova's stock is currently down 3.0% with a market capitalization of $167.31 billion and a PE ratio of 148.10.
• The company reported $1.86 EPS in its latest earnings, exceeding analyst expectations, with a revenue of $9.11 billion for the quarter.

Night Squared LP acquired a new stake in GE Vernova Inc. (NYSE:GEV - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 3,631 shares of the company's stock, valued at approximately $1,108,000.

Other large investors also recently added to or reduced their stakes in the company. Westover Capital Advisors LLC raised its stake in shares of GE Vernova by 2.3% during the 1st quarter. Westover Capital Advisors LLC now owns 1,130 shares of the company's stock worth $345,000 after acquiring an additional 25 shares in the last quarter. SVB Wealth LLC grew 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 last quarter. Stonebridge Financial Group LLC boosted its holdings in shares of GE Vernova by 8.9% in the 1st quarter. Stonebridge Financial Group LLC now owns 344 shares of the company's stock valued at $105,000 after acquiring an additional 28 shares during the last quarter. Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of GE Vernova by 0.4% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 8,510 shares of the company's stock valued at $2,598,000 after acquiring an additional 30 shares during the last quarter. Finally, Hemington Wealth Management boosted its holdings in shares of GE Vernova by 20.3% in the 1st quarter. Hemington Wealth Management now owns 178 shares of the company's stock valued at $54,000 after acquiring an additional 30 shares during the last quarter.

Insider Transactions at GE Vernova

In related news, CFO Kenneth Scott Parks sold 3,300 shares of GE Vernova stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $620.00, for a total value of $2,046,000.00. Following the completion of the transaction, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.15% of the stock is owned by corporate insiders.

GE Vernova Price Performance

Shares of NYSE GEV traded down $12.80 during midday trading on Wednesday, hitting $566.89. The company's stock had a trading volume of 1,751,733 shares, compared to its average volume of 3,517,339. The business's fifty day simple moving average is $593.39 and its two-hundred day simple moving average is $453.54. GE Vernova Inc. has a 1 year low of $192.12 and a 1 year high of $677.29. The firm has a market capitalization of $154.32 billion, a price-to-earnings ratio of 136.86, a price-to-earnings-growth ratio of 4.24 and a beta of 1.87.

GE Vernova (NYSE:GEV - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The company reported $1.86 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $8.78 billion. During the same quarter last year, the firm posted $4.65 earnings per share. The business's revenue for the quarter was up 11.1% compared to the same quarter last year. GE Vernova has set its FY 2025 guidance at EPS. Analysts anticipate that GE Vernova Inc. will post 6.59 EPS for the current fiscal year.

GE Vernova Dividend Announcement

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

Analyst Ratings Changes

A number of brokerages recently issued reports on GEV. Jefferies Financial Group downgraded shares of GE Vernova from a "buy" rating to a "hold" rating and increased their price target for the stock from $427.00 to $517.00 in a report on Thursday, May 29th. Royal Bank Of Canada restated an "outperform" rating on shares of GE Vernova in a research report on Thursday, July 24th. Seaport Res Ptn upgraded shares of GE Vernova to a "strong-buy" rating in a research report on Thursday, July 10th. Wall Street Zen cut shares of GE Vernova from a "buy" rating to a "hold" rating in a research report on Saturday, July 26th. Finally, Bank of America raised their price objective on shares of GE Vernova from $550.00 to $620.00 and gave the stock a "buy" rating in a research report on Thursday, July 17th. Four research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat, GE Vernova presently has a consensus 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.