Wilmar Advisors LLC Makes New Investment in GE Vernova Inc. $GEV

Key Points

• Wilmar Advisors LLC disclosed a new fourth-quarter position in GE Vernova, buying 1,500 shares valued at about $980,000. The stock now represents 0.8% of the firm’s portfolio and its 16th-largest holding.
• Several analysts remain upbeat on GE Vernova, with recent actions including a buy rating from Jefferies and target increases from Guggenheim and Morgan Stanley. The stock’s consensus rating is Moderate Buy, with an average target price of about $1,085.
• Insiders have recently sold shares, including CEO Victor Abate and CAO Matthew Joseph Potvin, even as the company reported strong quarterly results. GE Vernova beat earnings and revenue estimates, posted 17% year-over-year revenue growth, and declared a quarterly dividend of $0.50 per share.

Wilmar Advisors LLC bought a new position in shares of GE Vernova Inc. (NYSE:GEV - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 1,500 shares of the company's stock, valued at approximately $980,000. GE Vernova accounts for 0.8% of Wilmar Advisors LLC's investment portfolio, making the stock its 16th biggest position.

A number of other large investors also recently modified their holdings of GEV. Brighton Jones LLC boosted its position in shares of GE Vernova by 29.4% in the fourth quarter. Brighton Jones LLC now owns 3,315 shares of the company's stock valued at $1,091,000 after acquiring an additional 753 shares during the period. Schnieders Capital Management LLC. boosted its position in shares of GE Vernova by 1.7% in the second quarter. Schnieders Capital Management LLC. now owns 1,564 shares of the company's stock valued at $828,000 after acquiring an additional 26 shares during the period. Jump Financial LLC bought a new position in shares of GE Vernova in the second quarter valued at approximately $258,000. Ossiam bought a new position in shares of GE Vernova in the second quarter valued at approximately $42,000. Finally, Nebula Research & Development LLC boosted its position in shares of GE Vernova by 23.9% in the second quarter. Nebula Research & Development LLC now owns 1,674 shares of the company's stock valued at $886,000 after acquiring an additional 323 shares during the period.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on GEV shares. Jefferies Financial Group cut their price objective on shares of GE Vernova from $1,350.00 to $1,210.00 and set a "buy" rating for the company in a research report on Thursday. Erste Group Bank upgraded shares of GE Vernova to a "strong-buy" rating in a research report on Tuesday, March 24th. Guggenheim raised their price objective on shares of GE Vernova from $910.00 to $1,300.00 and gave the company a "buy" rating in a research report on Thursday, April 23rd. Oppenheimer set a $1,303.00 price objective on shares of GE Vernova in a research report on Thursday, April 23rd. Finally, Morgan Stanley raised their price objective on shares of GE Vernova from $817.00 to $960.00 and gave the company an "overweight" rating in a research report on Monday, March 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $1,085.16.

Insider Activity at GE Vernova

In other GE Vernova news, CEO Victor Abate sold 4,819 shares of GE Vernova stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $948.08, for a total transaction of $4,568,797.52. Following the transaction, the chief executive officer directly owned 1,835 shares of the company's stock, valued at approximately $1,739,726.80. This trade represents a 72.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Matthew Joseph Potvin sold 2,333 shares of GE Vernova stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $1,059.09, for a total transaction of $2,470,856.97. Following the transaction, the chief accounting officer directly owned 3,549 shares in the company, valued at $3,758,710.41. This trade represents a 39.66% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 0.21% of the company's stock.

GE Vernova Trading Down 0.1%

Shares of GEV opened at $940.14 on Monday. The firm's 50 day simple moving average is $1,008.85 and its 200 day simple moving average is $833.50. The company has a market capitalization of $252.63 billion, a P/E ratio of 27.39, a P/E/G ratio of 3.49 and a beta of 1.24. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.89 and a quick ratio of 0.65. GE Vernova Inc. has a 1-year low of $474.21 and a 1-year high of $1,181.95.

GE Vernova (NYSE:GEV - Get Free Report) last announced its earnings results on Wednesday, April 22nd. The company reported $17.44 earnings per share for the quarter, beating analysts' consensus estimates of $1.95 by $15.49. The business had revenue of $9.34 billion for the quarter, compared to the consensus estimate of $9.19 billion. GE Vernova had a net margin of 23.81% and a return on equity of 43.97%. GE Vernova's quarterly revenue was up 17.0% on a year-over-year basis. During the same period last year, the firm posted $0.91 earnings per share. Sell-side analysts forecast that GE Vernova Inc. will post 14.99 earnings per share for the current fiscal year.

GE Vernova Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 14th. Investors of record on Tuesday, June 16th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend is Tuesday, June 16th. GE Vernova's dividend payout ratio (DPR) is currently 5.83%.

GE Vernova Company Profile

GE Vernova is the energy-focused company formed from the energy businesses of General Electric and operates as a publicly listed entity on the NYSE under the ticker GEV. It is organized to design, manufacture and service equipment and systems used across the power generation and energy transition value chain, bringing together legacy capabilities in conventional power, renewables and grid technologies under a single corporate platform.

The company’s offerings span large-scale power-generation equipment such as gas and steam turbines and associated generators and controls, as well as renewable energy technologies including onshore and offshore wind platforms and hydro solutions.

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