Hartline Investment Corp Has $10.67 Million Holdings in GE Vernova Inc. $GEV

Hartline Investment Corp lifted its holdings in GE Vernova Inc. (NYSE:GEV) by 11.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,330 shares of the company’s stock after acquiring an additional 1,649 shares during the quarter. GE Vernova makes up approximately 1.2% of Hartline Investment Corp’s holdings, making the stock its 23rd largest holding. Hartline Investment Corp’s holdings in GE Vernova were worth $10,673,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of GEV. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of GE Vernova by 5,171.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,452,858 shares of the company’s stock worth $1,603,114,000 after acquiring an additional 2,406,326 shares in the last quarter. Capital World Investors boosted its holdings in shares of GE Vernova by 1,907.5% in the 3rd quarter. Capital World Investors now owns 2,156,197 shares of the company’s stock worth $1,325,842,000 after acquiring an additional 2,048,792 shares in the last quarter. Franklin Resources Inc. boosted its holdings in shares of GE Vernova by 170.0% in the 3rd quarter. Franklin Resources Inc. now owns 1,175,729 shares of the company’s stock worth $722,956,000 after acquiring an additional 740,339 shares in the last quarter. Jennison Associates LLC boosted its holdings in shares of GE Vernova by 1,300.4% in the 4th quarter. Jennison Associates LLC now owns 647,791 shares of the company’s stock worth $423,377,000 after acquiring an additional 601,533 shares in the last quarter. Finally, SG Americas Securities LLC boosted its holdings in shares of GE Vernova by 10,288.6% in the 4th quarter. SG Americas Securities LLC now owns 418,661 shares of the company’s stock worth $273,624,000 after acquiring an additional 414,631 shares in the last quarter.

GE Vernova Trading Down 0.4%

GEV stock opened at $1,039.71 on Friday. The company has a market cap of $279.39 billion, a P/E ratio of 30.29, a PEG ratio of 3.89 and a beta of 1.51. GE Vernova Inc. has a twelve month low of $458.65 and a twelve month high of $1,181.95. The company has a quick ratio of 0.65, a current ratio of 0.89 and a debt-to-equity ratio of 0.19. The business has a fifty day moving average of $978.06 and a 200-day moving average of $790.29.

GE Vernova (NYSE:GEV) last released its earnings results on Wednesday, April 22nd. The company reported $17.44 earnings per share for the quarter, topping analysts’ consensus estimates of $1.95 by $15.49. The company had revenue of $9.34 billion during the quarter, compared to the consensus estimate of $9.19 billion. GE Vernova had a return on equity of 43.97% and a net margin of 23.81%.The firm’s quarterly revenue was up 17.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.91 earnings per share. As a group, equities research analysts expect that GE Vernova Inc. will post 14.84 EPS for the current year.

GE Vernova Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 14th. Stockholders of record on Tuesday, June 16th will be given a dividend of $0.50 per share. The ex-dividend date is Tuesday, June 16th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.2%. GE Vernova’s payout ratio is presently 5.83%.

Analysts Set New Price Targets

Several brokerages have recently commented on GEV. Royal Bank Of Canada boosted their target price on GE Vernova from $996.00 to $1,195.00 and gave the stock an “outperform” rating in a report on Thursday, April 23rd. Wall Street Zen raised GE Vernova from a “hold” rating to a “buy” rating in a report on Saturday, January 31st. Weiss Ratings raised GE Vernova from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, April 24th. Oppenheimer set a $1,303.00 price objective on GE Vernova in a report on Thursday, April 23rd. Finally, Argus set a $1,300.00 price objective on GE Vernova in a research report on Monday, April 27th. Two analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $1,090.76.

Insider Buying and Selling at GE Vernova

In other news, CAO Matthew Joseph Potvin sold 2,333 shares of the stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $1,059.09, for a total value of $2,470,856.97. Following the transaction, the chief accounting officer owned 3,549 shares of the company’s stock, valued at $3,758,710.41. This represents a 39.66% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.21% of the stock is currently owned by company insiders.

GE Vernova 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.