Ieq Capital LLC Buys 10,454 Shares of GE Vernova Inc. $GEV

Ieq Capital LLC grew its stake in shares of GE Vernova Inc. (NYSE:GEV) by 12.9% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 91,537 shares of the company’s stock after acquiring an additional 10,454 shares during the period. Ieq Capital LLC’s holdings in GE Vernova were worth $59,825,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. First National Bank of Omaha grew its position in shares of GE Vernova by 90.1% during the 4th quarter. First National Bank of Omaha now owns 1,863 shares of the company’s stock valued at $1,223,000 after acquiring an additional 883 shares during the period. Alchemi Wealth LLC bought a new position in GE Vernova in the 4th quarter worth approximately $474,000. SIR Capital Management L.P. boosted its holdings in GE Vernova by 130.0% in the 4th quarter. SIR Capital Management L.P. now owns 11,500 shares of the company’s stock worth $7,516,000 after buying an additional 6,500 shares during the period. Uniting Wealth Partners LLC boosted its holdings in GE Vernova by 25.0% in the 4th quarter. Uniting Wealth Partners LLC now owns 919 shares of the company’s stock worth $601,000 after buying an additional 184 shares during the period. Finally, Dynamic Technology Lab Private Ltd boosted its holdings in GE Vernova by 202.1% in the 4th quarter. Dynamic Technology Lab Private Ltd now owns 1,275 shares of the company’s stock worth $833,000 after buying an additional 853 shares during the period.

GE Vernova Stock Up 3.7%

Shares of NYSE:GEV opened at $940.14 on Friday. The firm has a fifty day moving average price of $1,008.85 and a two-hundred day moving average price of $831.73. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.89 and a quick ratio of 0.65. GE Vernova Inc. has a one year low of $474.21 and a one year high of $1,181.95. The company has a market cap of $252.63 billion, a price-to-earnings ratio of 27.39, a PEG ratio of 3.36 and a beta of 1.23.

GE Vernova (NYSE:GEV) last announced its quarterly 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 period last year, the firm earned $0.91 EPS. The business’s quarterly revenue was up 17.0% compared to the same quarter last year. Analysts anticipate that GE Vernova Inc. will post 14.99 EPS for the current fiscal year.

GE Vernova Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 14th. Stockholders of record on Tuesday, June 16th will be given a dividend of $0.50 per share. The ex-dividend date is Tuesday, June 16th. This represents a $2.00 annualized dividend and a dividend yield of 0.2%. GE Vernova’s dividend payout ratio (DPR) is 5.83%.

Analyst Ratings Changes

Several research analysts recently commented on GEV shares. Susquehanna set a $1,300.00 price objective on shares of GE Vernova in a report on Thursday, April 23rd. Argus set a $1,300.00 price objective on shares of GE Vernova in a report on Monday, April 27th. Rothschild & Co Redburn raised shares of GE Vernova from a “sell” rating to a “buy” rating and raised their price objective for the stock from $560.00 to $1,100.00 in a report on Monday, March 9th. Weiss Ratings raised shares of GE Vernova from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, April 24th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and issued a $1,328.00 price objective on shares of GE Vernova in a report on Friday, April 24th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $1,085.16.

Insider Buying and Selling at GE Vernova

In other news, CAO Matthew Joseph Potvin sold 2,333 shares of the firm’s stock in a transaction 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 sale, the chief accounting officer owned 3,549 shares in the company, valued at approximately $3,758,710.41. This trade represents a 39.66% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Victor Abate sold 4,819 shares of the firm’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $948.08, for a total transaction of $4,568,797.52. Following the sale, the chief executive officer owned 1,835 shares in the company, valued at approximately $1,739,726.80. This trade represents a 72.42% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.21% of the company’s stock.

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.