GE Vernova Inc. $GEV Shares Sold by Focused Alpha LLC

Focused Alpha LLC decreased its position in shares of GE Vernova Inc. (NYSE:GEV) by 65.8% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 459 shares of the company’s stock after selling 884 shares during the period. Focused Alpha LLC’s holdings in GE Vernova were worth $436,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of GEV. B. Metzler seel. Sohn & Co. AG grew its position in GE Vernova by 37.7% during the second quarter. B. Metzler seel. Sohn & Co. AG now owns 23,080 shares of the company’s stock valued at $27,116,000 after acquiring an additional 6,313 shares during the period. Citizens Financial Group Inc. RI purchased a new stake in shares of GE Vernova during the 2nd quarter valued at about $8,337,000. Sapient Capital LLC lifted its position in GE Vernova by 31.4% during the 2nd quarter. Sapient Capital LLC now owns 76,038 shares of the company’s stock worth $89,372,000 after acquiring an additional 18,188 shares in the last quarter. Processus Wealth & Capital Management LLC acquired a new stake in GE Vernova in the second quarter valued at approximately $2,699,000. Finally, Field & Main Bank acquired a new stake in GE Vernova in the second quarter valued at approximately $3,018,000.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. BNP Paribas Exane dropped their price target on shares of GE Vernova from $1,190.00 to $1,090.00 and set a “neutral” rating on the stock in a research note on Thursday, August 20th. Susquehanna decreased their price objective on shares of GE Vernova from $1,300.00 to $1,270.00 and set a “positive” rating for the company in a research report on Wednesday, October 14th. Glj Research assumed coverage on GE Vernova in a research note on Monday, September 14th. They set a “sell” rating and a $470.00 target price for the company. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $1,298.00 target price (up from $1,206.00) on shares of GE Vernova in a research report on Tuesday, September 15th. Finally, TD Cowen raised their price objective on 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 equities research analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,164.87.

GE Vernova Price Performance

Shares of NYSE:GEV opened at $907.78 on Tuesday. The company has a market cap of $241.77 billion, a PE ratio of 25.98, a P/E/G ratio of 3.19 and a beta of 1.14. GE Vernova Inc. has a fifty-two week low of $530.16 and a fifty-two week high of $1,195.94. The firm has a 50-day simple moving average of $961.19 and a 200 day simple moving average of $1,002.63. 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) last issued its earnings results on Wednesday, July 22nd. The company reported $2.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.17 by ($0.70). GE Vernova had a return on equity of 42.42% and a net margin of 23.03%. The business had revenue of $11.10 billion during the quarter, compared to the consensus estimate of $10.79 billion. During the same period in the prior year, the business earned $1.86 EPS. The business’s revenue was up 21.9% on a year-over-year basis. On average, sell-side analysts anticipate that GE Vernova Inc. will post 15.04 EPS for the current year.

GE Vernova Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 24th. Stockholders of record on Tuesday, October 27th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Tuesday, October 27th. GE Vernova’s dividend payout ratio is presently 5.72%.

GE Vernova Profile

GE Vernova Inc (NYSE: GEV) is an energy technology company focused on helping generate, transmit, store and deliver electricity. The company serves utilities, power producers, grid operators, commercial and industrial customers, and other energy-sector participants worldwide.

Its business is organized around three primary areas: Power, Wind and Electrification. Power provides technologies and services for gas and steam power generation, hydropower, nuclear power and other energy systems.