Sender Co & Partners Inc. Invests $3.18 Million in GE Vernova Inc. $GEV

Key Points

• Sender Co & Partners Inc. has acquired a new stake in GE Vernova Inc., purchasing 10,425 shares valued at approximately $3.18 million, making it the investor's 17th largest holding.
• Multiple hedge funds, including Brighton Jones LLC and American Assets Inc., have recently changed their stakes in GE Vernova, indicating growing institutional interest in the company.
• Wells Fargo increased its price target for GE Vernova from $474 to $697, reflecting positive analyst sentiment, as four analysts rated the stock as a Strong Buy.

Sender Co & Partners Inc. bought a new position in shares of GE Vernova Inc. (NYSE:GEV - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor bought 10,425 shares of the company's stock, valued at approximately $3,183,000. GE Vernova accounts for approximately 1.7% of Sender Co & Partners Inc.'s holdings, making the stock its 17th biggest position.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in GEV. EQ Wealth Advisors LLC purchased a new position in GE Vernova during the first quarter valued at $27,000. IMA Advisory Services Inc. acquired a new position in shares of GE Vernova during the 1st quarter worth about $27,000. Orion Capital Management LLC purchased a new position in GE Vernova in the 4th quarter valued at about $30,000. Mowery & Schoenfeld Wealth Management LLC boosted its holdings in 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 last quarter. Finally, Saudi Central Bank purchased a new stake in GE Vernova during the 1st quarter worth approximately $33,000.

Insider Buying and Selling at GE Vernova

In other news, CFO Kenneth Scott Parks sold 3,300 shares of the 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 completion of the transaction, the chief financial officer directly owned 7,590 shares in the company, valued at approximately $4,705,800. This represents a 30.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.15% of the company's stock.

GE Vernova Stock Up 0.9%

NYSE:GEV traded up $5.42 on Tuesday, hitting $605.65. The stock had a trading volume of 1,855,195 shares, compared to its average volume of 2,695,387. The company has a fifty day moving average price of $601.36 and a two-hundred day moving average price of $461.60. GE Vernova Inc. has a 1-year low of $199.14 and a 1-year high of $677.29. The stock has a market cap of $164.87 billion, a price-to-earnings ratio of 145.94, a PEG ratio of 4.15 and a beta of 1.87.

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 (EPS) for the quarter, topping analysts' consensus estimates 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 the consensus estimate of $8.78 billion. During the same quarter last year, the firm earned $4.65 EPS. The business'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 earnings per share for the current year.

GE Vernova Announces Dividend

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 $0.25 dividend. 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 is 24.10%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Robert W. Baird raised their target price on GE Vernova from $568.00 to $706.00 and gave the company an "outperform" rating in a research report on Thursday, July 24th. Barclays increased their price objective on GE Vernova from $580.00 to $706.00 and gave the company an "overweight" rating in a research note on Thursday, July 24th. Morgan Stanley raised their price objective on GE Vernova from $511.00 to $675.00 and gave the company an "overweight" rating in a report on Thursday, July 24th. HSBC upped their target price on shares of GE Vernova from $570.00 to $580.00 and gave the stock a "hold" rating in a report on Friday. Finally, UBS Group assumed coverage on shares of GE Vernova in a research report on Monday, July 7th. They issued a "buy" rating and a $614.00 target price for the company. 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. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $573.75.

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.