1,461 Shares in GE Vernova Inc. $GEV Bought by Pincus Capital Management LP

Pincus Capital Management LP purchased a new position in GE Vernova Inc. (NYSE:GEV) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,461 shares of the company’s stock, valued at approximately $955,000. GE Vernova comprises 0.6% of Pincus Capital Management LP’s investment portfolio, making the stock its 28th largest position.

Several other large investors also recently bought and sold shares of GEV. Brighton Jones LLC increased its position in GE Vernova by 29.4% in the fourth quarter. Brighton Jones LLC now owns 3,315 shares of the company’s stock worth $1,091,000 after purchasing an additional 753 shares during the last quarter. Schnieders Capital Management LLC. boosted its stake in GE Vernova by 1.7% during the second quarter. Schnieders Capital Management LLC. now owns 1,564 shares of the company’s stock worth $828,000 after buying an additional 26 shares during the period. Jump Financial LLC purchased a new position in GE Vernova during the second quarter worth $258,000. Ossiam purchased a new position in GE Vernova during the second quarter worth $42,000. Finally, Nebula Research & Development LLC boosted its stake in GE Vernova by 23.9% during the second quarter. Nebula Research & Development LLC now owns 1,674 shares of the company’s stock worth $886,000 after buying an additional 323 shares during the period.

Insiders Place Their Bets

In related news, CAO Matthew Joseph Potvin sold 2,333 shares of the company’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $1,059.09, for a total value of $2,470,856.97. Following the completion of the sale, the chief accounting officer directly owned 3,549 shares of the company’s stock, valued at $3,758,710.41. This represents a 39.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.21% of the stock is currently owned by company insiders.

Trending Headlines about GE Vernova

Here are the key news stories impacting GE Vernova this week:

• Positive Sentiment: Wall Street commentary remains constructive, with one report noting GE Vernova’s strong revenue and earnings growth and another saying brokerages rate the stock as a “Moderate Buy,” reinforcing the view that fundamentals and analyst sentiment remain supportive. Assessing GE Vernova (GEV) Valuation After A Powerful Year Of Share Price Gains
• Positive Sentiment: Jim Cramer called GE Vernova “absolutely terrific,” which can help investor confidence even though it is not a fundamental update. Jim Cramer Believes “GE Vernova Is Absolutely Terrific”
• Positive Sentiment: The company announced a definitive agreement to acquire Robotech Automation, a deal aimed at expanding robotics and automation capabilities across manufacturing and grid solutions, which could improve long-term operational efficiency. GE Vernova Robotech Deal Puts Automation And Valuation In Fresh Focus

Wall Street Analyst Weigh In

Several research firms have commented on GEV. Erste Group Bank raised shares of GE Vernova to a “strong-buy” rating in a research note on Tuesday, March 24th. Mizuho set a $714.00 price objective on shares of GE Vernova in a research note on Tuesday, February 3rd. Susquehanna set a $1,300.00 price objective on shares of GE Vernova in a research note on Thursday, April 23rd. BMO Capital Markets lifted their price objective on shares of GE Vernova from $1,110.00 to $1,250.00 and gave the stock an “outperform” rating in a research note on Thursday, April 23rd. Finally, Citigroup lifted their price objective on shares of GE Vernova from $779.00 to $1,110.00 and gave the stock a “neutral” rating in a research note on Monday, April 13th. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $1,090.76.

GE Vernova Stock Down 1.8%

Shares of GEV opened at $950.65 on Tuesday. The firm has a market capitalization of $255.46 billion, a P/E ratio of 27.69, a P/E/G ratio of 3.63 and a beta of 1.51. GE Vernova Inc. has a 12-month low of $458.65 and a 12-month high of $1,181.95. The company has a current ratio of 0.89, a quick ratio of 0.65 and a debt-to-equity ratio of 0.19. The firm has a fifty day moving average price of $998.51 and a 200-day moving average price of $810.55.

GE Vernova (NYSE:GEV) last released its quarterly earnings data on Wednesday, April 22nd. The company reported $17.44 earnings per share for the quarter, topping analysts’ consensus estimates of $1.95 by $15.49. GE Vernova had a net margin of 23.81% and a return on equity of 43.97%. The company had revenue of $9.34 billion during the quarter, compared to analyst estimates of $9.19 billion. During the same period in the prior year, the firm earned $0.91 earnings per share. The firm’s revenue for the quarter was up 17.0% compared to the same quarter last year. Equities research analysts expect that GE Vernova Inc. will post 14.84 earnings per share for the current year.

GE Vernova Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 14th. Investors of record on Tuesday, June 16th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, June 16th. This represents a $2.00 dividend on an annualized basis and a yield of 0.2%. GE Vernova’s dividend payout ratio is 5.83%.

GE Vernova Profile

GE Vernova is the energy-focused company formed from the energy businesses of General Electric and operates as a publicly listed entity on the NYSE under the ticker GEV. It is organized to design, manufacture and service equipment and systems used across the power generation and energy transition value chain, bringing together legacy capabilities in conventional power, renewables and grid technologies under a single corporate platform.

The company’s offerings span large-scale power-generation equipment such as gas and steam turbines and associated generators and controls, as well as renewable energy technologies including onshore and offshore wind platforms and hydro solutions.