Next Century Growth Investors LLC Buys 2,202 Shares of GE Vernova Inc. $GEV

Next Century Growth Investors LLC increased its stake in shares of GE Vernova Inc. (NYSE:GEV) by 52.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,389 shares of the company’s stock after purchasing an additional 2,202 shares during the quarter. Next Century Growth Investors LLC’s holdings in GE Vernova were worth $4,176,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. NFJ Investment Group LLC bought a new stake in shares of GE Vernova during the fourth quarter valued at approximately $509,000. Fieldview Capital Management LLC bought a new stake in shares of GE Vernova during the fourth quarter valued at approximately $2,246,000. Fortitude Advisory Group L.L.C. grew its stake in shares of GE Vernova by 35.0% during the fourth quarter. Fortitude Advisory Group L.L.C. now owns 1,381 shares of the company’s stock valued at $903,000 after purchasing an additional 358 shares during the last quarter. Graybill Wealth Management LTD. grew its stake in shares of GE Vernova by 0.3% during the fourth quarter. Graybill Wealth Management LTD. now owns 6,713 shares of the company’s stock valued at $4,387,000 after purchasing an additional 22 shares during the last quarter. Finally, Icon Wealth Advisors LLC grew its stake in shares of GE Vernova by 57.0% during the fourth quarter. Icon Wealth Advisors LLC now owns 1,278 shares of the company’s stock valued at $788,000 after purchasing an additional 464 shares during the last quarter.

Insider Activity at GE Vernova

In other GE Vernova news, CEO Victor Abate sold 4,819 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $948.08, for a total value of $4,568,797.52. Following the completion of the sale, the chief executive officer owned 1,835 shares of the company’s stock, valued at approximately $1,739,726.80. This represents a 72.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Matthew Joseph Potvin sold 2,333 shares of the company’s stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $1,059.09, for a total transaction 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. The trade was a 39.66% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.21% of the stock is currently owned by corporate insiders.

GE Vernova Trading Down 0.1%

GEV opened at $940.14 on Monday. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.89 and a quick ratio of 0.65. The company has a market cap of $252.63 billion, a price-to-earnings ratio of 27.39, a price-to-earnings-growth ratio of 3.49 and a beta of 1.24. The firm has a 50 day simple moving average of $1,008.85 and a 200 day simple moving average of $833.50. GE Vernova Inc. has a fifty-two week low of $474.21 and a fifty-two week high of $1,181.95.

GE Vernova (NYSE:GEV) last issued its earnings results on Wednesday, April 22nd. The company reported $17.44 EPS for the quarter, beating the consensus estimate of $1.95 by $15.49. GE Vernova had a net margin of 23.81% and a return on equity of 43.97%. The firm had revenue of $9.34 billion during the quarter, compared to the consensus estimate of $9.19 billion. During the same quarter in the prior year, the firm earned $0.91 earnings per share. The business’s quarterly revenue was up 17.0% on a year-over-year basis. On average, sell-side analysts anticipate that GE Vernova Inc. will post 14.99 earnings per share for the current year.

GE Vernova Dividend Announcement

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

Wall Street Analysts Forecast Growth

GEV has been the subject of a number of recent research reports. Guggenheim boosted their price target on shares of GE Vernova from $910.00 to $1,300.00 and gave the stock a “buy” rating in a research note on Thursday, April 23rd. Weiss Ratings raised shares of GE Vernova from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, April 24th. Morgan Stanley boosted their price target on shares of GE Vernova from $817.00 to $960.00 and gave the stock an “overweight” rating in a research note on Monday, March 23rd. Jefferies Financial Group dropped their price target on shares of GE Vernova from $1,350.00 to $1,210.00 and set a “buy” rating for the company in a research note on Thursday. Finally, Royal Bank Of Canada boosted their price target on shares of GE Vernova from $996.00 to $1,195.00 and gave the stock an “outperform” rating in a research note on Thursday, April 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $1,085.16.

About GE Vernova

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.