Yaupon Capital Management LP Has $38.39 Million Stake in GE Vernova Inc. $GEV

Key Points

• Yaupon Capital Management LP increased its stake in GE Vernova Inc. by 159.9%, owning 125,764 shares worth approximately $38.39 million, making it the firm's 10th biggest holding.
• Other institutional investors, including GAMMA Investing LLC and AQR Capital Management LLC, significantly boosted their holdings, with GAMMA's stake rising by 32,984.2% to 2,141,539 shares valued at $653.77 million.
• On the earnings front, GE Vernova reported $1.86 earnings per share for the last quarter, surpassing estimates, and declared a quarterly dividend of $0.25 per share, representing an annualized yield of 0.2%.

Yaupon Capital Management LP boosted its holdings in GE Vernova Inc. (NYSE:GEV - Free Report) by 159.9% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 125,764 shares of the company's stock after acquiring an additional 77,374 shares during the quarter. GE Vernova accounts for approximately 2.0% of Yaupon Capital Management LP's investment portfolio, making the stock its 10th biggest holding. Yaupon Capital Management LP's holdings in GE Vernova were worth $38,393,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. GAMMA Investing LLC lifted its holdings in shares of 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 in the last quarter. AQR Capital Management LLC raised its position in GE Vernova by 252.9% in the 1st quarter. AQR Capital Management LLC now owns 1,245,420 shares of the company's stock valued at $366,016,000 after buying an additional 892,549 shares during the last quarter. Amundi lifted its stake in GE Vernova by 109.0% during the 1st quarter. Amundi now owns 1,665,980 shares of the company's stock valued at $496,013,000 after acquiring an additional 868,927 shares in the last quarter. TD Asset Management Inc boosted its holdings in GE Vernova by 627.2% during the 1st quarter. TD Asset Management Inc now owns 926,842 shares of the company's stock worth $282,946,000 after acquiring an additional 799,388 shares during the last quarter. Finally, Nuveen LLC bought a new stake in shares of GE Vernova in the 1st quarter worth $223,556,000.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on GEV shares. BMO Capital Markets raised their price target on shares of GE Vernova from $590.00 to $690.00 and gave the company an "outperform" rating in a research report on Thursday, July 24th. Jefferies Financial Group cut shares of GE Vernova from a "buy" rating to a "hold" rating and lifted their target price for the stock from $427.00 to $517.00 in a research report on Thursday, May 29th. Susquehanna boosted their target price on GE Vernova from $662.00 to $736.00 and gave the stock a "positive" rating in a research note on Thursday, July 24th. Wall Street Zen downgraded GE Vernova from a "buy" rating to a "hold" rating in a research report on Saturday, July 26th. Finally, Wells Fargo & Company lifted their price target on GE Vernova from $474.00 to $697.00 and gave the stock an "overweight" rating in a report on Thursday, July 24th. Four research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and nine have assigned a Hold rating to the company's stock. Based on data from MarketBeat, GE Vernova currently has a consensus rating of "Moderate Buy" and an average target price of $573.75.

Insiders Place Their Bets

In related news, CFO Kenneth Scott Parks sold 3,300 shares of GE Vernova stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $620.00, for a total value of $2,046,000.00. Following the completion of the sale, the chief financial officer owned 7,590 shares of the company's stock, valued at approximately $4,705,800. This trade represents a 30.30% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.15% of the company's stock.

GE Vernova Trading Up 3.0%

NYSE:GEV opened at $599.57 on Tuesday. The stock has a market capitalization of $163.22 billion, a PE ratio of 144.48, a price-to-earnings-growth ratio of 4.02 and a beta of 1.88. The firm's 50 day moving average is $599.34 and its 200 day moving average is $460.59. GE Vernova Inc. has a 12 month low of $197.38 and a 12 month high of $677.29.

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

GE Vernova Announces Dividend

The company also recently declared 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. The ex-dividend date was Monday, July 21st. This represents a $1.00 annualized dividend and a dividend yield of 0.2%. GE Vernova's dividend payout ratio is presently 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.

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