Credit Capital Investments LLC Takes $265,000 Position in GE Vernova Inc. $GEV

Credit Capital Investments LLC bought a new position in shares of GE Vernova Inc. (NYSE:GEV) in the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 500 shares of the company’s stock, valued at approximately $265,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Sachetta LLC grew its holdings in shares of GE Vernova by 10.7% in the 2nd quarter. Sachetta LLC now owns 165 shares of the company’s stock valued at $87,000 after acquiring an additional 16 shares in the last quarter. Good Life Advisors LLC boosted its position in GE Vernova by 1.0% during the second quarter. Good Life Advisors LLC now owns 1,654 shares of the company’s stock valued at $875,000 after purchasing an additional 16 shares during the last quarter. AMG National Trust Bank grew its stake in GE Vernova by 1.5% in the second quarter. AMG National Trust Bank now owns 1,145 shares of the company’s stock valued at $606,000 after purchasing an additional 17 shares in the last quarter. Highline Wealth Partners LLC increased its position in shares of GE Vernova by 34.6% during the 2nd quarter. Highline Wealth Partners LLC now owns 70 shares of the company’s stock worth $37,000 after purchasing an additional 18 shares during the last quarter. Finally, Atlas Brown Inc. raised its stake in shares of GE Vernova by 0.8% during the 2nd quarter. Atlas Brown Inc. now owns 2,496 shares of the company’s stock worth $1,321,000 after purchasing an additional 19 shares in the last quarter.

Insider Buying and Selling

In other GE Vernova news, CFO Kenneth Scott Parks sold 3,300 shares of the company’s stock in a transaction on 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 transaction, the chief financial officer directly owned 7,590 shares of the company’s stock, valued at $4,705,800. This represents a 30.30% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.15% of the stock is currently owned by corporate insiders.

GE Vernova Stock Performance

Shares of GEV opened at $575.07 on Thursday. GE Vernova Inc. has a 52 week low of $252.25 and a 52 week high of $677.29. The firm has a market cap of $156.03 billion, a P/E ratio of 93.66, a price-to-earnings-growth ratio of 4.28 and a beta of 1.68. The firm’s 50-day simple moving average is $601.77 and its 200 day simple moving average is $554.47.

GE Vernova (NYSE:GEV) last issued its quarterly earnings data on Wednesday, October 22nd. The company reported $1.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.72 by ($0.08). GE Vernova had a return on equity of 17.07% and a net margin of 4.52%.The firm had revenue of $9.97 billion for the quarter, compared to the consensus estimate of $9.15 billion. During the same quarter in the prior year, the firm earned ($0.35) EPS. The company’s revenue was up 11.8% on a year-over-year basis. GE Vernova has set its FY 2025 guidance at EPS. As a group, equities analysts forecast 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 will be paid on Monday, November 17th. Investors of record on Monday, October 20th will be paid a $0.25 dividend. The ex-dividend date is Monday, October 20th. This represents a $1.00 annualized dividend and a yield of 0.2%. GE Vernova’s payout ratio is 16.29%.

Analyst Ratings Changes

Several research firms recently weighed in on GEV. Guggenheim cut shares of GE Vernova from a “buy” rating to a “neutral” rating in a research note on Monday, July 28th. Bank of America boosted their price objective on shares of GE Vernova from $550.00 to $620.00 and gave the stock a “buy” rating in a research note on Thursday, July 17th. Citigroup dropped their target price on shares of GE Vernova from $670.00 to $658.00 and set a “neutral” rating on the stock in a report on Thursday, October 23rd. Jefferies Financial Group reiterated a “hold” rating and set a $654.00 price target on shares of GE Vernova in a report on Monday, October 27th. Finally, Rothschild & Co Redburn restated a “sell” rating and issued a $475.00 price objective on shares of GE Vernova in a research note on Wednesday, October 15th. Four investment analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $607.81.

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.