WINTON GROUP Ltd Decreases Stock Position in GE Vernova Inc. $GEV

Key Points

• WINTON GROUP Ltd cut its GE Vernova position by 69.2% in the second quarter, selling 29,233 shares and retaining 13,020 shares valued at approximately $15.3 million.
• GE Vernova reported quarterly EPS of $2.47, missing the $3.17 consensus estimate, while revenue reached $11.10 billion, up 21.9% year over year and ahead of expectations.
• Analysts remain broadly positive, with a consensus “Moderate Buy” rating and an average price target of $1,155.28; several firms recently raised their targets to between $1,235 and $1,450.

WINTON GROUP Ltd decreased its position in shares of GE Vernova Inc. (NYSE:GEV - Free Report) by 69.2% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 13,020 shares of the company's stock after selling 29,233 shares during the quarter. WINTON GROUP Ltd's holdings in GE Vernova were worth $15,297,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Cornerstone Financial Management LLC purchased a new position in shares of GE Vernova in the fourth quarter valued at $25,000. Wealth Watch Advisors INC bought a new position in shares of GE Vernova in the third quarter worth approximately $25,000. Manning & Napier Advisors LLC raised its position in shares of GE Vernova by 68.4% during the 1st quarter. Manning & Napier Advisors LLC now owns 32 shares of the company's stock valued at $26,000 after buying an additional 13 shares in the last quarter. Navalign LLC bought a new stake in shares of GE Vernova during the 4th quarter worth $27,000. Finally, Commonwealth Retirement Investments LLC purchased a new position in GE Vernova in the fourth quarter worth $30,000.

GE Vernova Price Performance

Shares of GE Vernova stock opened at $951.90 on Thursday. The business has a 50 day moving average of $1,006.09 and a 200 day moving average of $982.37. GE Vernova Inc. has a 52 week low of $530.16 and a 52 week high of $1,195.94. The company has a market cap of $253.52 billion, a PE ratio of 27.24, a P/E/G ratio of 4.52 and a beta of 1.15. The company has a quick ratio of 0.62, a current ratio of 0.85 and a debt-to-equity ratio of 0.21.

GE Vernova (NYSE:GEV - Get Free Report) last issued its quarterly earnings data on Wednesday, July 22nd. The company reported $2.47 EPS for the quarter, missing the consensus estimate of $3.17 by ($0.70). The company had revenue of $11.10 billion during the quarter, compared to analysts' expectations of $10.79 billion. GE Vernova had a return on equity of 42.42% and a net margin of 23.03%.The business's quarterly revenue was up 21.9% on a year-over-year basis. During the same quarter last year, the business earned $1.86 earnings per share. As a group, equities research analysts forecast that GE Vernova Inc. will post 15.36 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have recently commented on GEV shares. Sanford C. Bernstein increased their price objective on GE Vernova from $1,206.00 to $1,298.00 and gave the company an "outperform" rating in a research report on Thursday, July 23rd. JPMorgan Chase & Co. upped their target price on GE Vernova from $1,302.00 to $1,330.00 and gave the stock an "overweight" rating in a research note on Thursday, July 23rd. William Blair reiterated an "outperform" rating on shares of GE Vernova in a research report on Monday, August 3rd. Guggenheim boosted their price objective on shares of GE Vernova from $1,300.00 to $1,450.00 and gave the stock a "buy" rating in a report on Thursday, July 23rd. Finally, TD Cowen upped their price objective on shares of GE Vernova from $1,220.00 to $1,235.00 and gave the company a "buy" rating in a research note on Thursday, July 23rd. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, GE Vernova has an average rating of "Moderate Buy" and a consensus price target of $1,155.28.

Trending Headlines about GE Vernova

Here are the key news stories impacting GE Vernova this week:

• Positive Sentiment: Analysts maintain a consensus rating of “Moderate Buy” on GE Vernova, indicating that Wall Street generally remains constructive on the company’s long-term earnings and power-generation outlook. GE Vernova Inc. Given Consensus Rating of Moderate Buy by Analysts
• Positive Sentiment: GE Vernova continues to benefit from investor interest in rising electricity demand from artificial-intelligence data centers. Its established industrial business is viewed as a less speculative way to participate in the power-infrastructure buildout than early-stage nuclear developers. Jim Cramer Weighs In on GE Vernova and NuScale Power
• Positive Sentiment: Recent commentary identifies GE Vernova as one of the stocks that may be positioned to perform relatively well in a higher-rate environment, reflecting expectations that its potential returns and demand outlook can offset higher financing costs. The stock has also outperformed the Dow over the past year. 3 Stocks Built for Higher Rates—and 2 That Could Break Is GE Vernova Stock Outperforming the Dow?
• Neutral Sentiment: Coverage of the nuclear renaissance highlights opportunities for companies that supply adjacent infrastructure and equipment, potentially supporting GE Vernova’s broader power-generation exposure, although the article does not announce a new contract or financial impact for the company. Construction Firms Powering the Nuclear Renaissance
• Negative Sentiment: GE Vernova’s stock fell more than the general market in the latest session, suggesting broad risk-off trading or profit-taking weighed on the shares. Commentary also continues to flag losses in the wind business, a potential drag on sentiment despite strength in other operations. GE Vernova Suffers a Larger Drop Than the General Market Jim Cramer Weighs In on GE Vernova and NuScale Power

GE Vernova Profile

GE Vernova Inc NYSE: GEV is an energy technology company that provides equipment, software and services for electricity generation, transmission and distribution. Its portfolio is designed to support power systems across a range of energy sources, including natural gas, nuclear, hydroelectric, wind and solar power, as well as battery storage.

The company operates through three primary businesses: Power, Wind and Electrification. Power supplies gas and steam turbines, generators, nuclear power technologies, hydroelectric equipment and related maintenance services.

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