Sapient Capital LLC Has $56.10 Million Stock Position in GE Vernova Inc. $GEV

Sapient Capital LLC grew its position in GE Vernova Inc. (NYSE:GEV) by 4.7% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 106,015 shares of the company’s stock after buying an additional 4,725 shares during the period. GE Vernova makes up 1.0% of Sapient Capital LLC’s portfolio, making the stock its 18th largest position. Sapient Capital LLC’s holdings in GE Vernova were worth $56,098,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Taylor Hoffman Capital Management LLC acquired a new position in GE Vernova in the 2nd quarter worth $314,000. Procyon Advisors LLC acquired a new position in GE Vernova in the 2nd quarter worth $396,000. Mirador Capital Partners LP acquired a new position in GE Vernova in the 2nd quarter worth $208,000. Gateway Investment Advisers LLC boosted its stake in GE Vernova by 7.9% in the 2nd quarter. Gateway Investment Advisers LLC now owns 50,394 shares of the company’s stock worth $26,666,000 after purchasing an additional 3,684 shares during the period. Finally, Hummer Financial Advisory Services Inc acquired a new position in GE Vernova in the 2nd quarter worth $214,000.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on GEV shares. The Goldman Sachs Group upped their target price on shares of GE Vernova from $500.00 to $570.00 and gave the stock a “buy” rating in a research note on Tuesday, June 10th. Morgan Stanley upped their target price on shares of GE Vernova from $511.00 to $675.00 and gave the stock an “overweight” rating in a research note on Thursday, July 24th. Robert W. Baird increased their price objective on shares of GE Vernova from $568.00 to $706.00 and gave the stock an “outperform” rating in a research note on Thursday, July 24th. BMO Capital Markets increased their price objective on shares of GE Vernova from $590.00 to $690.00 and gave the stock an “outperform” rating in a research note on Thursday, July 24th. Finally, Barclays increased their price objective on shares of GE Vernova from $580.00 to $706.00 and gave the stock an “overweight” rating in a research note on Thursday, July 24th. Four investment analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $592.35.

GE Vernova Trading Down 1.7%

Shares of GEV opened at $618.28 on Wednesday. GE Vernova Inc. has a 12 month low of $233.51 and a 12 month high of $677.29. The firm’s 50 day moving average is $612.36 and its 200-day moving average is $472.16. The stock has a market capitalization of $168.31 billion, a PE ratio of 148.98, a P/E/G ratio of 4.35 and a beta of 1.87.

GE Vernova (NYSE:GEV) last announced its earnings results on Wednesday, July 23rd. The company reported $1.86 EPS for the quarter, topping the consensus estimate of $1.63 by $0.23. The company had revenue of $9.11 billion for the quarter, compared to analysts’ expectations of $8.78 billion. GE Vernova had a net margin of 3.16% and a return on equity of 13.23%. The business’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same period last year, the firm earned $4.65 earnings per share. GE Vernova has set its FY 2025 guidance at EPS. Equities research analysts predict that GE Vernova Inc. will post 6.59 earnings per share for the current fiscal year.

GE Vernova Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 18th. Investors of record on Monday, July 21st were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend was Monday, July 21st. GE Vernova’s dividend payout ratio (DPR) is 24.10%.

Insider Transactions at GE Vernova

In related news, CFO Kenneth Scott Parks sold 3,300 shares of GE Vernova stock in a transaction that occurred on Tuesday, August 26th. The shares were 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 trade represents a 30.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.15% of the stock is owned by company insiders.

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.