Sapient Capital LLC Acquires 18,188 Shares of GE Vernova Inc. $GEV

Sapient Capital LLC raised its stake in GE Vernova Inc. (NYSE:GEV) by 31.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 76,038 shares of the company’s stock after buying an additional 18,188 shares during the quarter. GE Vernova comprises approximately 1.2% of Sapient Capital LLC’s investment portfolio, making the stock its 14th biggest holding. Sapient Capital LLC’s holdings in GE Vernova were worth $89,372,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Wealth Watch Advisors INC bought a new stake in GE Vernova in the 3rd quarter valued at approximately $25,000. Cornerstone Financial Management LLC acquired a new position in GE Vernova during the 4th quarter worth approximately $25,000. Torren Management LLC bought a new position in shares of GE Vernova during the 4th quarter worth approximately $26,000. Manning & Napier Advisors LLC raised its holdings in shares of GE Vernova by 68.4% in the first quarter. Manning & Napier Advisors LLC now owns 32 shares of the company’s stock valued at $26,000 after purchasing an additional 13 shares during the last quarter. Finally, Navalign LLC acquired a new stake in shares of GE Vernova in the fourth quarter valued at approximately $27,000.

GE Vernova Price Performance

Shares of GEV opened at $990.15 on Monday. The company’s 50-day moving average is $1,026.62 and its 200-day moving average is $947.04. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.85 and a quick ratio of 0.62. The firm has a market capitalization of $263.71 billion, a PE ratio of 28.34, a PEG ratio of 3.53 and a beta of 1.21. GE Vernova Inc. has a fifty-two week low of $530.16 and a fifty-two week high of $1,195.94.

GE Vernova (NYSE:GEV) last announced its quarterly earnings data on Wednesday, July 22nd. The company reported $2.47 earnings per share for the quarter, missing the consensus estimate of $3.17 by ($0.70). The company had revenue of $11.10 billion during the quarter, compared to analyst estimates of $10.79 billion. GE Vernova had a net margin of 23.03% and a return on equity of 42.42%. GE Vernova’s revenue was up 21.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.86 earnings per share. Equities analysts forecast that GE Vernova Inc. will post 15.57 EPS for the current year.

GE Vernova Announces Dividend

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

Insiders Place Their Bets

In other news, CEO Victor Abate sold 4,819 shares of the firm’s stock in a transaction dated Monday, June 1st. The stock was 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 directly owned 1,835 shares in the company, valued at $1,739,726.80. This trade represents a 72.42% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CAO Matthew Joseph Potvin sold 2,333 shares of the business’s stock in a transaction dated 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 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.21% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Oppenheimer increased their target price on shares of GE Vernova from $1,303.00 to $1,338.00 and gave the stock an “outperform” rating in a report on Thursday, July 23rd. Susquehanna set a $1,300.00 price target on shares of GE Vernova in a research note on Thursday, April 23rd. Morgan Stanley cut shares of GE Vernova from an “overweight” rating to an “underweight” rating in a research report on Monday, August 3rd. Weiss Ratings restated a “buy (b)” rating on shares of GE Vernova in a research note on Tuesday, July 21st. Finally, Barclays increased their price objective on shares of GE Vernova from $993.00 to $1,250.00 and gave the stock an “overweight” 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, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,133.15.

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.