Tranquility Partners LLC Makes New Investment in GE Vernova Inc. $GEV

Tranquility Partners LLC bought a new stake in shares of GE Vernova Inc. (NYSE:GEV) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 508 shares of the company’s stock, valued at approximately $443,000.

Several other hedge funds have also made changes to their positions in GEV. Consilium Wealth Advisory LLC increased its stake in shares of GE Vernova by 10.0% during the first quarter. Consilium Wealth Advisory LLC now owns 3,380 shares of the company’s stock valued at $2,950,000 after buying an additional 308 shares during the period. Brandywine Oak Private Wealth LLC lifted its stake in GE Vernova by 1.7% in the first quarter. Brandywine Oak Private Wealth LLC now owns 1,043 shares of the company’s stock worth $910,000 after acquiring an additional 17 shares during the period. CENTRAL TRUST Co lifted its stake in GE Vernova by 2.6% in the first quarter. CENTRAL TRUST Co now owns 7,584 shares of the company’s stock worth $6,620,000 after acquiring an additional 190 shares during the period. EdgeRock Capital LLC bought a new position in GE Vernova during the 1st quarter worth about $259,000. Finally, Demming Financial Services Corp ADV grew its holdings in GE Vernova by 7.7% during the 1st quarter. Demming Financial Services Corp ADV now owns 392 shares of the company’s stock worth $342,000 after acquiring an additional 28 shares in the last quarter.

Insider Buying and Selling at GE Vernova

In other GE Vernova news, CAO Matthew Joseph Potvin sold 2,333 shares of GE Vernova stock in a transaction on 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 transaction, the chief accounting officer directly owned 3,549 shares of the company’s stock, valued at approximately $3,758,710.41. The trade was a 39.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Victor Abate sold 4,819 shares of the stock in a transaction 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 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 position. The disclosure for this sale is available in the SEC filing. 0.21% of the stock is currently owned by insiders.

GE Vernova Stock Performance

GEV stock opened at $1,036.75 on Wednesday. The firm has a market cap of $278.60 billion, a price-to-earnings ratio of 30.20, a PEG ratio of 4.18 and a beta of 1.23. The firm has a 50-day simple moving average of $1,026.82 and a two-hundred day simple moving average of $856.51. GE Vernova Inc. has a one year low of $482.20 and a one year high of $1,181.95. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.65 and a current ratio of 0.89.

GE Vernova (NYSE:GEV) last released its quarterly earnings results on Wednesday, April 22nd. The company reported $17.44 earnings per share for the quarter, beating 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 business had revenue of $9.34 billion for the quarter, compared to analysts’ expectations of $9.19 billion. During the same period last year, the business earned $0.91 EPS. The company’s revenue was up 17.0% compared to the same quarter last year. On average, equities analysts forecast that GE Vernova Inc. will post 14.99 EPS for the current fiscal 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 is Tuesday, June 16th. GE Vernova’s dividend payout ratio (DPR) is 5.83%.

Analyst Upgrades and Downgrades

GEV has been the subject of several recent research reports. Sanford C. Bernstein assumed coverage on shares of GE Vernova in a report on Tuesday, June 16th. They issued an “outperform” rating and a $1,206.00 price target for the company. Guggenheim lifted their price objective on shares of GE Vernova from $910.00 to $1,300.00 and gave the company a “buy” rating in a report on Thursday, April 23rd. Royal Bank Of Canada boosted their price objective 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. TD Cowen upped their target price on GE Vernova from $780.00 to $1,220.00 and gave the stock a “buy” rating in a report on Thursday, April 23rd. Finally, JPMorgan Chase & Co. upped their target price on GE Vernova from $1,000.00 to $1,150.00 and gave the stock an “overweight” rating in a report on Thursday, April 16th. Three research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $1,089.88.

Key Stories Impacting GE Vernova

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

• Positive Sentiment: GE Vernova is being cited as a key beneficiary of the AI/data-center power buildout, reinforcing demand for its grid and gas turbine equipment. The Big 3: GEV, IBM, MSFT
• Positive Sentiment: Investor commentary and stock-screening articles continue to list GE Vernova as one of the best electrical infrastructure and AI power stocks to own, reflecting strong sentiment around its role in meeting rising electricity demand. GE Vernova (GEV) Falls More Steeply Than Broader Market: What Investors Need to Know
• Positive Sentiment: GEV’s inclusion in “best stocks to buy” and “AI power crisis” lists suggests investors still see it as a levered winner from the long-term electrification and data-center infrastructure trend. 5 Stocks Solving the AI Power Crisis (GEV)
• Neutral Sentiment: Market wrap articles note GE Vernova’s recent underperformance versus the broader market, but they do not point to any new operational problem at the company itself. GE Vernova (GEV) Falls More Steeply Than Broader Market: What Investors Need to Know

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.