Voleon Capital Management LP Has $3.81 Million Stock Holdings in GE Vernova Inc. $GEV

Key Points

• Voleon Capital Management LP reduced its stake in GE Vernova Inc. by 55.2% during the first quarter, now holding 12,488 shares worth approximately $3.81 million.
• Multiple institutional investors increased their holdings significantly, with GAMMA Investing LLC boosting its stake by over 32,000% to 2,141,539 shares valued at $653.77 million.
• GE Vernova's stock fell 2.8% recently, with a reported earnings per share of $1.86 surpassing expectations and a quarterly revenue of $9.11 billion.

Voleon Capital Management LP lessened its holdings in GE Vernova Inc. (NYSE:GEV - Free Report) by 55.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,488 shares of the company's stock after selling 15,395 shares during the quarter. Voleon Capital Management LP's holdings in GE Vernova were worth $3,812,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in GEV. GAMMA Investing LLC increased its stake in GE Vernova by 32,984.2% in the first quarter. GAMMA Investing LLC now owns 2,141,539 shares of the company's stock valued at $653,769,000 after purchasing an additional 2,135,066 shares during the period. AQR Capital Management LLC increased its stake in shares of GE Vernova by 252.9% during the first quarter. AQR Capital Management LLC now owns 1,245,420 shares of the company's stock worth $366,016,000 after acquiring an additional 892,549 shares during the period. Amundi grew its position in GE Vernova by 109.0% during the first quarter. Amundi now owns 1,665,980 shares of the company's stock worth $496,013,000 after buying an additional 868,927 shares during the period. TD Asset Management Inc grew its position in GE Vernova by 627.2% during the first quarter. TD Asset Management Inc now owns 926,842 shares of the company's stock worth $282,946,000 after buying an additional 799,388 shares during the period. Finally, Nuveen LLC acquired a new position in GE Vernova during the first quarter worth about $223,556,000.

Insider Activity

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

Wall Street Analyst Weigh In

GEV has been the topic of several recent analyst reports. Royal Bank Of Canada reissued an "outperform" rating on shares of GE Vernova in a research note on Thursday, July 24th. Morgan Stanley upped their target price on GE Vernova from $511.00 to $675.00 and gave the stock an "overweight" rating in a research report on Thursday, July 24th. Seaport Res Ptn raised shares of GE Vernova to a "strong-buy" rating in a report on Thursday, July 10th. HSBC raised their price objective on shares of GE Vernova from $570.00 to $580.00 and gave the stock a "hold" rating in a report on Friday. Finally, Wells Fargo & Company raised their price target on shares of GE Vernova from $474.00 to $697.00 and gave the stock an "overweight" rating in a research report on Thursday, July 24th. Four equities research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $573.75.

GE Vernova Stock Up 0.9%

Shares of GE Vernova stock traded up $5.42 during trading 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 stock has a 50 day simple moving average of $599.34 and a 200 day simple moving average of $460.59. GE Vernova Inc. has a 1 year low of $199.14 and a 1 year high of $677.29. The company has a market capitalization of $164.87 billion, a PE ratio of 123.76, a P/E/G ratio of 4.15 and a beta of 1.87.

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

GE Vernova Dividend Announcement

The company also recently announced 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 dividend payout ratio (DPR) is 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.