Sivia Capital Partners LLC Sells 54 Shares of GE Vernova Inc. $GEV

Sivia Capital Partners LLC lowered its stake in GE Vernova Inc. (NYSE:GEV) by 4.3% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,201 shares of the company’s stock after selling 54 shares during the quarter. Sivia Capital Partners LLC’s holdings in GE Vernova were worth $636,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. GAMMA Investing LLC grew its stake in 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 acquiring an additional 2,135,066 shares during the period. AQR Capital Management LLC grew 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 purchasing an additional 892,549 shares during the period. Amundi increased 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 purchasing an additional 868,927 shares in the last quarter. TD Asset Management Inc raised its holdings in GE Vernova by 627.2% during the first quarter. TD Asset Management Inc now owns 926,842 shares of the company’s stock worth $282,946,000 after buying an additional 799,388 shares during the last quarter. Finally, Nuveen LLC acquired a new position in GE Vernova during the first quarter worth $223,556,000.

GE Vernova Price Performance

NYSE:GEV opened at $618.28 on Wednesday. GE Vernova Inc. has a 1 year low of $233.51 and a 1 year high of $677.29. The stock’s fifty day moving average price is $612.36 and its two-hundred day moving average price is $472.16. The company has a market cap of $168.31 billion, a P/E 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 quarterly earnings results 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. The company had revenue of $9.11 billion during the quarter, compared to analysts’ expectations of $8.78 billion. GE Vernova had a return on equity of 13.23% and a net margin of 3.16%.The firm’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same period in the previous year, the business earned $4.65 earnings per share. GE Vernova has set its FY 2025 guidance at EPS. On average, analysts expect that GE Vernova Inc. will post 6.59 earnings per share for the current fiscal year.

GE Vernova Announces Dividend

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

Insider Activity at GE Vernova

In related news, CFO Kenneth Scott Parks sold 3,300 shares of the business’s stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $620.00, for a total transaction of $2,046,000.00. Following the completion of the transaction, the chief financial officer owned 7,590 shares of the company’s stock, valued at approximately $4,705,800. The trade was a 30.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.15% of the company’s stock.

Analyst Upgrades and Downgrades

GEV has been the subject of a number of analyst reports. Mizuho cut shares of GE Vernova from an “outperform” rating to a “neutral” rating and set a $670.00 price objective for the company. in a report on Monday, July 28th. Jefferies Financial Group lifted their price target on GE Vernova from $658.00 to $668.00 and gave the company a “hold” rating in a research note on Friday, September 12th. UBS Group assumed coverage on GE Vernova in a report on Monday, July 7th. They set a “buy” rating and a $614.00 price objective for the company. Morgan Stanley raised their target price on GE Vernova from $511.00 to $675.00 and gave the company an “overweight” rating in a report on Thursday, July 24th. Finally, Wolfe Research cut GE Vernova from an “outperform” rating to a “peer perform” rating in a research report on Friday, June 13th. Four analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $592.35.

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.