Sculptor Capital LP Has $33.12 Million Stock Position in GE Vernova Inc. $GEV

Key Points

• Sculptor Capital LP has reduced its holdings in GE Vernova Inc. by 19.0%, selling 25,500 shares and retaining 108,500 shares valued at $33,123,000.
• GE Vernova reported a quarterly earnings per share of $1.86, exceeding expectations, with revenues of $9.11 billion, an 11.1% increase year-over-year.
• In response to recent performance, several analysts boosted their price targets for GEV shares, with TD Cowen raising its target to $685.00 and maintaining a "buy" rating.

Sculptor Capital LP reduced its holdings in shares of GE Vernova Inc. (NYSE:GEV - Free Report) by 19.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 108,500 shares of the company's stock after selling 25,500 shares during the period. Sculptor Capital LP's holdings in GE Vernova were worth $33,123,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. EQ Wealth Advisors LLC purchased a new position in shares of GE Vernova during the 1st quarter worth $27,000. IMA Advisory Services Inc. acquired a new position in GE Vernova during the 1st quarter worth approximately $27,000. Clarity Asset Management Inc. purchased a new stake in GE Vernova in the 4th quarter valued at approximately $28,000. Orion Capital Management LLC purchased a new position in shares of GE Vernova during the 4th quarter worth $30,000. Finally, Mowery & Schoenfeld Wealth Management LLC raised its position in shares of GE Vernova by 115.2% in 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 period.

GE Vernova Stock Down 5.4%

GEV stock traded down $33.24 during midday trading on Tuesday, reaching $579.73. The company's stock had a trading volume of 5,257,203 shares, compared to its average volume of 3,528,401. GE Vernova Inc. has a 52 week low of $187.55 and a 52 week high of $677.29. The stock has a market cap of $157.81 billion, a PE ratio of 139.69, a price-to-earnings-growth ratio of 4.24 and a beta of 1.88. The business's 50-day simple moving average is $592.03 and its 200-day simple moving average is $452.65.

GE Vernova (NYSE:GEV - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The company reported $1.86 earnings per share for the quarter, topping analysts' consensus estimates of $1.63 by $0.23. The company had revenue of $9.11 billion for 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% compared to the same quarter last year. During the same period last year, the firm posted $4.65 earnings per share. GE Vernova has set its FY 2025 guidance at EPS. As a group, equities analysts forecast that GE Vernova Inc. will post 6.59 earnings per share for the current fiscal year.

GE Vernova Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 18th. Investors of record on Monday, July 21st were given a $0.25 dividend. 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 currently 24.10%.

Insider Buying and Selling

In related news, CFO Kenneth Scott Parks sold 3,300 shares of the business's stock in a transaction 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 sale, 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 position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.15% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Wall Street Zen cut shares of GE Vernova from a "buy" rating to a "hold" rating in a research report on Saturday, July 26th. Royal Bank Of Canada restated an "outperform" rating on shares of GE Vernova in a report on Thursday, July 24th. Bank of America lifted their price objective on shares of GE Vernova from $550.00 to $620.00 and gave the company a "buy" rating in a research note on Thursday, July 17th. BMO Capital Markets boosted their target price on shares of GE Vernova from $590.00 to $690.00 and gave the stock an "outperform" rating in a research report on Thursday, July 24th. Finally, Susquehanna increased their target price on shares of GE Vernova from $662.00 to $736.00 and gave the company a "positive" rating in a research note on Thursday, July 24th. Four investment 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 stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target 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.