Paradoxiom Capital L.P. Sells 11,808 Shares of GE Vernova Inc. $GEV

Key Points

• Paradoxiom Capital L.P. reduced its stake in GE Vernova Inc. by 47.4% during Q1, holding 13,079 shares valued at approximately $3.99 million, making it the firm's 16th largest holding.
• In addition to Paradoxiom's trim, other large investors like Permanens Capital L.P. and Plancorp LLC increased their stakes in GE Vernova by 21.9% and 8.7%, respectively, during the same period.
• GE Vernova's stock has a market cap of $158.41 billion, and analysts have varying price targets, with Wells Fargo recently increasing its target from $474 to $697.

Paradoxiom Capital L.P. cut its holdings in shares of GE Vernova Inc. (NYSE:GEV - Free Report) by 47.4% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,079 shares of the company's stock after selling 11,808 shares during the period. GE Vernova accounts for approximately 2.6% of Paradoxiom Capital L.P.'s holdings, making the stock its 16th biggest holding. Paradoxiom Capital L.P.'s holdings in GE Vernova were worth $3,993,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in GEV. Brighton Jones LLC lifted its position in GE Vernova by 29.4% during 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 period. American Assets Inc. acquired a new position in GE Vernova during the 4th quarter valued at about $658,000. Benjamin Edwards Inc. lifted its position in GE Vernova by 1.7% during the 4th quarter. Benjamin Edwards Inc. now owns 2,535 shares of the company's stock valued at $834,000 after purchasing an additional 42 shares during the period. Cary Street Partners Financial LLC acquired a new position in GE Vernova during the 4th quarter valued at about $747,000. Finally, Captrust Financial Advisors raised its position in shares of GE Vernova by 14.4% in the 4th quarter. Captrust Financial Advisors now owns 19,601 shares of the company's stock valued at $6,448,000 after acquiring an additional 2,470 shares during the period.

Analyst Ratings Changes

A number of analysts recently weighed in on GEV shares. UBS Group started coverage on shares of GE Vernova in a research report on Monday, July 7th. They issued a "buy" rating and a $614.00 price target on the stock. Wall Street Zen downgraded shares of GE Vernova from a "buy" rating to a "hold" rating in a research report on Saturday, July 26th. Citigroup increased their price target on shares of GE Vernova from $544.00 to $670.00 and gave the company a "neutral" rating in a research report on Thursday, July 24th. Robert W. Baird increased their price target on shares of GE Vernova from $568.00 to $706.00 and gave the company an "outperform" rating in a research report on Thursday, July 24th. Finally, JPMorgan Chase & Co. increased their target price on GE Vernova from $620.00 to $715.00 and gave the stock an "overweight" rating in a research note on Thursday, July 24th. Four research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and nine have given a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $573.75.

Insider Buying and Selling at GE Vernova

In other news, CFO Kenneth Scott Parks sold 3,300 shares of the firm'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 completion of the transaction, the chief financial officer directly owned 7,590 shares of the company's stock, valued at $4,705,800. This trade represents a 30.30% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.15% of the stock is owned by corporate insiders.

GE Vernova Stock Performance

NYSE GEV traded down $16.90 during trading hours on Friday, reaching $581.92. 3,473,078 shares of the company's stock were exchanged, compared to its average volume of 2,654,082. The company has a market capitalization of $158.41 billion, a price-to-earnings ratio of 140.22, a price-to-earnings-growth ratio of 4.02 and a beta of 1.88. GE Vernova Inc. has a one year low of $193.38 and a one year high of $677.29. The company's 50-day moving average is $597.95 and its two-hundred day moving average is $458.69.

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

GE Vernova Dividend Announcement

The firm 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 of this dividend was Monday, July 21st. GE Vernova's dividend payout ratio (DPR) is currently 24.10%.

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.