SageView Advisory Group LLC Has $564,000 Position in GE Vernova Inc. $GEV

Key Points

• SageView Advisory Group LLC reduced its stake in GE Vernova Inc. by 27.9%, bringing its holdings down to 1,846 shares valued at approximately $564,000.
• Institutional investors like UBS AM and Yaupon Capital Management significantly increased their stakes, with Yaupon Capital boosting its holdings by 159.9% in the first quarter.
• GE Vernova's stock received mixed analyst ratings, with Barclays raising its target price to $706.00 while Wall Street Zen downgraded it to a "hold" rating.

SageView Advisory Group LLC lowered its holdings in GE Vernova Inc. (NYSE:GEV - Free Report) by 27.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,846 shares of the company's stock after selling 714 shares during the quarter. SageView Advisory Group LLC's holdings in GE Vernova were worth $564,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in GE Vernova by 21.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,080,006 shares of the company's stock valued at $634,984,000 after acquiring an additional 367,150 shares during the period. Optimize Financial Inc bought a new stake in GE Vernova in the first quarter valued at about $221,000. Woodline Partners LP increased its stake in GE Vernova by 40.8% in the first quarter. Woodline Partners LP now owns 23,310 shares of the company's stock valued at $7,116,000 after acquiring an additional 6,756 shares during the period. Yaupon Capital Management LP increased its stake in GE Vernova by 159.9% in the first quarter. Yaupon Capital Management LP now owns 125,764 shares of the company's stock valued at $38,393,000 after acquiring an additional 77,374 shares during the period. Finally, Zimmer Partners LP increased its stake in GE Vernova by 897.2% in the first quarter. Zimmer Partners LP now owns 179,500 shares of the company's stock valued at $54,798,000 after acquiring an additional 161,500 shares during the period.

Insider Transactions at GE Vernova

In other GE Vernova 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 value 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. This trade represents a 30.30% 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 the SEC website. Insiders own 0.15% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Barclays upped their target price on shares of GE Vernova from $580.00 to $706.00 and gave the company an "overweight" rating in a research note on Thursday, July 24th. Wall Street Zen cut shares of GE Vernova from a "buy" rating to a "hold" rating in a research note on Saturday, July 26th. Susquehanna upped their price objective on shares of GE Vernova from $662.00 to $736.00 and gave the stock a "positive" rating in a research note on Thursday, July 24th. UBS Group assumed coverage on shares of GE Vernova in a research note on Monday, July 7th. They set a "buy" rating and a $614.00 price objective on the stock. Finally, Mizuho cut shares of GE Vernova from an "outperform" rating to a "neutral" rating and set a $670.00 price objective on the stock. in a research note on Monday, July 28th. Four 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. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $573.75.

GE Vernova Price Performance

GEV opened at $635.37 on Friday. GE Vernova Inc. has a one year low of $199.65 and a one year high of $677.29. The company's 50 day simple moving average is $606.48 and its 200-day simple moving average is $465.05. The stock has a market capitalization of $172.96 billion, a P/E ratio of 153.10, a price-to-earnings-growth ratio of 4.45 and a beta of 1.87.

GE Vernova (NYSE:GEV - Get Free Report) last released its quarterly earnings results 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 for the quarter, compared to analysts' expectations of $8.78 billion. During the same period in the prior year, the firm earned $4.65 earnings per share. GE Vernova's revenue was up 11.1% compared to the same quarter last year. GE Vernova has set its FY 2025 guidance at EPS. As a group, analysts anticipate that GE Vernova Inc. will post 6.59 EPS for the current year.

GE Vernova Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 18th. Shareholders of record on Monday, July 21st were paid a $0.25 dividend. The ex-dividend date of this dividend was Monday, July 21st. This represents a $1.00 dividend on an annualized basis and a yield of 0.2%. GE Vernova's dividend payout ratio (DPR) is presently 24.10%.

About GE Vernova

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.

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