Pacer Advisors Inc. Sells 9,045 Shares of GE Vernova Inc. $GEV

Pacer Advisors Inc. lowered its position in GE Vernova Inc. (NYSE:GEV) by 31.1% in the 1st quarter, Holdings Channel reports. The fund owned 20,051 shares of the company’s stock after selling 9,045 shares during the quarter. Pacer Advisors Inc.’s holdings in GE Vernova were worth $17,503,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Cornerstone Financial Management LLC bought a new position in GE Vernova in the fourth quarter worth $25,000. Wealth Watch Advisors INC purchased a new stake in shares of GE Vernova in the 3rd quarter worth about $25,000. Torren Management LLC purchased a new stake in shares of GE Vernova in the 4th quarter worth about $26,000. Manning & Napier Advisors LLC increased its stake in shares of GE Vernova by 68.4% in the 1st quarter. Manning & Napier Advisors LLC now owns 32 shares of the company’s stock worth $26,000 after acquiring an additional 13 shares in the last quarter. Finally, Navalign LLC bought a new position in shares of GE Vernova in the 4th quarter worth about $27,000.

Insider Activity at GE Vernova

In other news, CEO Victor Abate sold 4,819 shares of the 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 sale, the chief executive officer owned 1,835 shares in the company, valued at $1,739,726.80. This represents a 72.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Matthew Joseph Potvin sold 2,333 shares of the firm’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 sale, the chief accounting officer directly owned 3,549 shares of the company’s stock, valued at $3,758,710.41. This trade represents a 39.66% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.21% of the company’s stock.

Key Stories Impacting GE Vernova

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

• Positive Sentiment: New India wind order: GE Vernova signed an agreement with Enfinity Global to supply 43 onshore wind turbines for the Fatehgarh wind farm in India. The order supports the company’s renewable-energy backlog and international growth. GE Vernova receives order from Enfinity Global
• Positive Sentiment: AI power demand thesis: Analysts and market commentators continue to identify GE Vernova as a major potential beneficiary of the electricity shortfall created by AI data-center expansion. Demand for gas turbines, grid equipment and other generation infrastructure could provide a multiyear growth catalyst. GE Vernova Set to Be Biggest Winner From AI Data Center’s Massive Power Shortfall
• Positive Sentiment: Constructive analyst sentiment: GE Vernova has outperformed the broader market and industry peers, while analysts remain optimistic about its growth potential. Strong power-generation demand at Caterpillar, driven by data-center spending, further supports the broader industry backdrop. Do Wall Street Analysts Like GE Vernova Stock?
• Neutral Sentiment: Investment story evolving: Coverage highlights GE Vernova’s unmatched scale and exposure to rising power demand, but also points to wind-cost pressures and the need to execute across multiple businesses. How AI-Driven Power Demand and Wind Cost Pressures At GE Vernova Has Changed Its Investment Story
• Negative Sentiment: Valuation and execution risk: The stock’s strong run leaves less room for disappointment, while wind-cost pressures and the capital-intensive nature of meeting AI-related power demand could create volatility.

GE Vernova Price Performance

GEV opened at $1,019.65 on Wednesday. The firm has a market cap of $271.56 billion, a PE ratio of 29.18, a P/E/G ratio of 3.62 and a beta of 1.21. The stock has a 50-day moving average price of $1,026.39 and a 200-day moving average price of $939.98. GE Vernova Inc. has a 1 year low of $530.16 and a 1 year high of $1,195.94. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.85 and a quick ratio of 0.62.

GE Vernova (NYSE:GEV) last announced its quarterly earnings data on Wednesday, July 22nd. The company reported $2.47 EPS for the quarter, missing the consensus estimate of $3.17 by ($0.70). The firm had revenue of $11.10 billion for the quarter, compared to analysts’ expectations of $10.79 billion. GE Vernova had a net margin of 23.03% and a return on equity of 42.42%. The business’s revenue for the quarter was up 21.9% compared to the same quarter last year. During the same period last year, the company posted $1.86 earnings per share. Sell-side analysts predict that GE Vernova Inc. will post 15.46 earnings per share for the current fiscal year.

GE Vernova Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 14th. Stockholders of record on Tuesday, June 16th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.2%. The ex-dividend date was Tuesday, June 16th. GE Vernova’s dividend payout ratio is currently 5.72%.

Analysts Set New Price Targets

Several equities research analysts recently commented on GEV shares. Royal Bank Of Canada boosted their price objective on shares of GE Vernova from $1,195.00 to $1,225.00 and gave the stock an “outperform” rating in a research note on Thursday, July 23rd. Oppenheimer raised their target price on shares of GE Vernova from $1,303.00 to $1,338.00 and gave the company an “outperform” rating in a research note on Thursday, July 23rd. Weiss Ratings reiterated a “buy (b)” rating on shares of GE Vernova in a report on Tuesday, July 21st. TD Cowen lifted their target price on shares of GE Vernova from $1,220.00 to $1,235.00 and gave the company a “buy” rating in a report on Thursday, July 23rd. Finally, Barclays boosted their price target on GE Vernova from $993.00 to $1,250.00 and gave the stock an “overweight” rating in a research report on Thursday, April 23rd. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $1,133.15.

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.