Cambient Family Office LLC Purchases Shares of 1,609 GE Vernova Inc. $GEV

Cambient Family Office LLC acquired a new position in shares of GE Vernova Inc. (NYSE:GEVFree Report) during the 4th quarter, Holdings Channel.com reports. The fund acquired 1,609 shares of the company’s stock, valued at approximately $1,052,000.

Several other hedge funds also recently modified their holdings of the company. McLaughlin Asset Management Inc. bought a new position in shares of GE Vernova in the fourth quarter valued at approximately $989,000. Wick Capital Partners LLC bought a new stake in GE Vernova during the 4th quarter worth approximately $13,060,000. Mcguire Capital Advisors Inc. bought a new stake in GE Vernova during the 4th quarter worth approximately $109,000. Compound Planning Inc. grew its position in GE Vernova by 24.0% during the 4th quarter. Compound Planning Inc. now owns 3,584 shares of the company’s stock worth $2,343,000 after acquiring an additional 693 shares during the last quarter. Finally, TMB Capital Partners LLC acquired a new stake in GE Vernova during the 4th quarter valued at $310,000.

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GE Vernova Stock Up 6.0%

Shares of GEV opened at $1,111.65 on Friday. The business’s fifty day moving average price is $1,019.28 and its two-hundred day moving average price is $845.99. The firm has a market capitalization of $298.72 billion, a price-to-earnings ratio of 32.38, a PEG ratio of 3.89 and a beta of 1.23. GE Vernova Inc. has a 52 week low of $479.04 and a 52 week 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:GEVGet Free Report) last released its earnings results 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 return on equity of 43.97% and a net margin of 23.81%.The company had revenue of $9.34 billion during the quarter, compared to the consensus estimate of $9.19 billion. During the same quarter in the previous year, the company posted $0.91 earnings per share. The firm’s quarterly revenue was up 17.0% on a year-over-year basis. On average, analysts predict that GE Vernova Inc. will post 14.99 earnings per share for the current year.

GE Vernova Dividend Announcement

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

Analyst Ratings Changes

Several equities analysts have issued reports on GEV shares. TD Cowen lifted their price objective on GE Vernova from $780.00 to $1,220.00 and gave the company a “buy” rating in a research report on Thursday, April 23rd. JPMorgan Chase & Co. increased 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. Morgan Stanley raised their target price on GE Vernova from $817.00 to $960.00 and gave the company an “overweight” rating in a research note on Monday, March 23rd. Citigroup lifted their price target on GE Vernova from $779.00 to $1,110.00 and gave the company a “neutral” rating in a report on Monday, April 13th. Finally, Rothschild & Co Redburn upgraded shares of GE Vernova from a “sell” rating to a “buy” rating and upped their price target for the stock from $560.00 to $1,100.00 in a research report on Monday, March 9th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, GE Vernova has an average rating of “Moderate Buy” and an average target price of $1,089.88.

Get Our Latest Stock Analysis on GE Vernova

Insider Transactions at GE Vernova

In other news, CEO Victor Abate sold 4,819 shares of GE Vernova stock in a transaction that occurred 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 completion of the sale, the chief executive officer owned 1,835 shares in the company, valued at $1,739,726.80. The trade was a 72.42% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Matthew Joseph Potvin sold 2,333 shares of the business’s stock in a transaction that occurred on Thursday, May 14th. The stock was 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 directly owned 3,549 shares of the company’s stock, valued at approximately $3,758,710.41. This trade represents a 39.66% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.21% of the stock is owned by company insiders.

About GE Vernova

(Free Report)

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.

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Institutional Ownership by Quarter for GE Vernova (NYSE:GEV)

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