Greenland Capital Management LP Invests $529,000 in GE Vernova Inc. $GEV

Greenland Capital Management LP acquired a new stake in GE Vernova Inc. (NYSE:GEV) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 1,000 shares of the company’s stock, valued at approximately $529,000.

Other hedge funds have also made changes to their positions in the company. IMA Advisory Services Inc. acquired a new stake in GE Vernova in the 1st quarter valued at about $27,000. WFA Asset Management Corp acquired a new position in shares of GE Vernova in the 2nd quarter worth approximately $29,000. 1248 Management LLC bought a new stake in shares of GE Vernova in the 1st quarter worth approximately $31,000. Saudi Central Bank acquired a new stake in GE Vernova during the first quarter valued at approximately $33,000. Finally, Ransom Advisory Ltd bought a new stake in GE Vernova during the first quarter worth approximately $33,000.

Insider Buying and Selling at GE Vernova

In other news, CFO Kenneth Scott Parks sold 3,300 shares of GE Vernova stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $620.00, for a total transaction of $2,046,000.00. Following the completion of the sale, the chief financial officer directly owned 7,590 shares in the company, valued at $4,705,800. The trade was a 30.30% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.15% of the stock is owned by company insiders.

GE Vernova Stock Up 7.4%

GEV stock opened at $596.14 on Thursday. The company has a 50 day moving average of $598.44 and a two-hundred day moving average of $561.28. The company has a market cap of $161.74 billion, a price-to-earnings ratio of 97.09, a PEG ratio of 4.13 and a beta of 1.68. GE Vernova Inc. has a 12-month low of $252.25 and a 12-month high of $677.29.

GE Vernova (NYSE:GEV) last posted its quarterly earnings results on Wednesday, October 22nd. The company reported $1.64 EPS for the quarter, missing the consensus estimate of $1.72 by ($0.08). GE Vernova had a net margin of 4.52% and a return on equity of 17.07%. The company had revenue of $9.97 billion for the quarter, compared to analysts’ expectations of $9.15 billion. During the same quarter in the prior year, the firm earned ($0.35) earnings per share. The company’s revenue was up 11.8% on a year-over-year basis. GE Vernova has set its FY 2025 guidance at EPS. On average, research analysts anticipate that GE Vernova Inc. will post 6.59 EPS for the current year.

GE Vernova Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, November 17th. Shareholders of record on Monday, October 20th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend was Monday, October 20th. GE Vernova’s dividend payout ratio is presently 16.29%.

Analyst Upgrades and Downgrades

GEV has been the topic of several recent research reports. Robert W. Baird lifted their price target on shares of GE Vernova from $568.00 to $706.00 and gave the stock an “outperform” rating in a research report on Thursday, July 24th. Wells Fargo & Company lifted their target price on GE Vernova from $697.00 to $717.00 and gave the stock an “overweight” rating in a report on Friday, October 24th. HSBC lifted their target price on shares of GE Vernova from $570.00 to $580.00 and gave the stock a “hold” rating in a research report on Friday, September 5th. Glj Research increased their target price on GE Vernova from $702.00 to $758.00 and gave the company a “buy” rating in a report on Wednesday, October 15th. Finally, Royal Bank Of Canada raised their target price on GE Vernova from $605.00 to $630.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 23rd. Four analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average 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.