Westbourne Investments Inc. Has $258,000 Position in GE Vernova Inc. $GEV

Key Points

• Westbourne Investments Inc. significantly reduced its stake in GE Vernova Inc. by 86.1%, leaving them with a position worth $258,000 as of the latest SEC filing.
• Other institutional investors such as Vanguard Group and Goldman Sachs increased their holdings in GE Vernova, with Vanguard owning over 24 million shares valued at approximately $7.4 billion.
• GE Vernova reported a quarterly earnings per share of $1.86, exceeding analyst expectations, while also announcing a quarterly dividend with a yield of 0.2%.

Westbourne Investments Inc. cut its stake in shares of GE Vernova Inc. (NYSE:GEV - Free Report) by 86.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 845 shares of the company's stock after selling 5,215 shares during the quarter. Westbourne Investments Inc.'s holdings in GE Vernova were worth $258,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of GE Vernova by 1.8% in the 1st quarter. Vanguard Group Inc. now owns 24,392,613 shares of the company's stock worth $7,446,577,000 after acquiring an additional 432,830 shares in the last quarter. Goldman Sachs Group Inc. increased its position in GE Vernova by 7.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,129,958 shares of the company's stock valued at $955,513,000 after buying an additional 214,483 shares in the last quarter. GAMMA Investing LLC increased its position in GE Vernova by 32,984.2% in the 1st quarter. GAMMA Investing LLC now owns 2,141,539 shares of the company's stock valued at $653,769,000 after buying an additional 2,135,066 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in GE Vernova by 21.4% in the 1st 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 buying an additional 367,150 shares in the last quarter. Finally, Wellington Management Group LLP increased its holdings in GE Vernova by 50.9% during the 1st quarter. Wellington Management Group LLP now owns 2,029,948 shares of the company's stock worth $619,703,000 after purchasing an additional 684,794 shares in the last quarter.

GE Vernova Stock Up 4.7%

NYSE GEV opened at $633.92 on Wednesday. The firm has a market capitalization of $172.57 billion, a price-to-earnings ratio of 152.81, a PEG ratio of 4.15 and a beta of 1.88. GE Vernova Inc. has a 52 week low of $199.65 and a 52 week high of $677.29. The company has a fifty day moving average of $601.36 and a two-hundred day moving average of $461.60.

GE Vernova (NYSE:GEV - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The company reported $1.86 earnings per share (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 company's quarterly revenue was up 11.1% on a year-over-year basis. During the same period last year, the firm earned $4.65 earnings per share. GE Vernova has set its FY 2025 guidance at EPS. Equities research analysts anticipate that GE Vernova Inc. will post 6.59 EPS for the current year.

GE Vernova Dividend Announcement

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

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on GEV shares. Morgan Stanley boosted their target price on GE Vernova from $511.00 to $675.00 and gave the stock an "overweight" rating in a research note on Thursday, July 24th. HSBC increased their target price on GE Vernova from $570.00 to $580.00 and gave the stock a "hold" rating in a research report on Friday, September 5th. Seaport Res Ptn upgraded GE Vernova to a "strong-buy" rating in a research report on Thursday, July 10th. Jefferies Financial Group cut GE Vernova from a "buy" rating to a "hold" rating and increased their target price for the company from $427.00 to $517.00 in a research note on Thursday, May 29th. Finally, Wall Street Zen lowered shares of GE Vernova from a "buy" rating to a "hold" rating in a report on Saturday, July 26th. Four 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 company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $573.75.

Insider Activity at GE Vernova

In other news, CFO Kenneth Scott Parks sold 3,300 shares of GE Vernova stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $620.00, for a total transaction of $2,046,000.00. Following the completion of the sale, the chief financial officer directly owned 7,590 shares in the company, 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 SEC, which is accessible through the SEC website. Insiders own 0.15% of the company's stock.

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.

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