Perbak Capital Partners LLP Has $425,000 Holdings in GE Vernova Inc. $GEV

Key Points

• Perbak Capital Partners LLP increased its stake in GE Vernova Inc. by 55.9%, owning 1,392 shares valued at $425,000 after purchasing an additional 499 shares.
• GAMMA Investing LLC made a significant investment, boosting its holdings by 32,984.2% to 2,141,539 shares valued at $653,769,000 in the same quarter.
• The company reported $1.86 earnings per share for the last quarter, surpassing expectations and reflecting a revenue increase of 11.1% from the previous year.

Perbak Capital Partners LLP raised its holdings in GE Vernova Inc. (NYSE:GEV - Free Report) by 55.9% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,392 shares of the company's stock after purchasing an additional 499 shares during the period. Perbak Capital Partners LLP's holdings in GE Vernova were worth $425,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. EQ Wealth Advisors LLC acquired a new position in shares of GE Vernova in the 1st quarter valued at approximately $27,000. IMA Advisory Services Inc. bought a new position in GE Vernova during the 1st quarter worth $27,000. Clarity Asset Management Inc. bought a new position in GE Vernova during the 4th quarter worth $28,000. Orion Capital Management LLC bought a new position in GE Vernova during the 4th quarter worth $30,000. Finally, Mowery & Schoenfeld Wealth Management LLC grew its stake in GE Vernova by 115.2% during the 1st quarter. Mowery & Schoenfeld Wealth Management LLC now owns 99 shares of the company's stock worth $30,000 after buying an additional 53 shares during the last quarter.

GE Vernova Stock Up 3.9%

Shares of NYSE GEV traded up $22.48 during mid-day trading on Thursday, hitting $599.52. 2,658,179 shares of the company traded hands, compared to its average volume of 3,522,072. GE Vernova Inc. has a 1 year low of $193.38 and a 1 year high of $677.29. The stock has a market capitalization of $163.20 billion, a price-to-earnings ratio of 144.46, a PEG ratio of 4.24 and a beta of 1.87. The business has a 50 day moving average of $594.87 and a two-hundred day moving average of $454.39.

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

GE Vernova Dividend Announcement

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

Insiders Place Their Bets

In related news, CFO Kenneth Scott Parks sold 3,300 shares of the company's stock in a transaction 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 transaction, the chief financial officer directly owned 7,590 shares of the company's stock, valued at approximately $4,705,800. The trade was a 30.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.15% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Bank of America upped their price objective on GE Vernova from $550.00 to $620.00 and gave the stock a "buy" rating in a research note on Thursday, July 17th. Mizuho downgraded GE Vernova from an "outperform" rating to a "neutral" rating and set a $670.00 price objective for the company. in a research note on Monday, July 28th. Wall Street Zen cut GE Vernova from a "buy" rating to a "hold" rating in a research note on Saturday, July 26th. Royal Bank Of Canada reissued an "outperform" rating on shares of GE Vernova in a research note on Thursday, July 24th. Finally, Morgan Stanley increased their price target on GE Vernova from $511.00 to $675.00 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 issued a Buy rating and nine have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, GE Vernova presently has an average rating of "Moderate Buy" and an average price target of $560.21.

GE Vernova 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.