Segall Bryant & Hamill LLC Acquires New Stake in GE Vernova Inc. $GEV

Segall Bryant & Hamill LLC acquired a new stake in shares of GE Vernova Inc. (NYSE:GEV) in the 1st quarter, HoldingsChannel reports. The institutional investor acquired 2,904 shares of the company’s stock, valued at approximately $2,461,000.

A number of other large investors have also bought and sold shares of the company. Brighton Jones LLC increased its holdings in GE Vernova by 29.4% in the 4th quarter. Brighton Jones LLC now owns 3,315 shares of the company’s stock worth $1,091,000 after acquiring an additional 753 shares during the last quarter. Schnieders Capital Management LLC. lifted its holdings in GE Vernova by 1.7% during the second quarter. Schnieders Capital Management LLC. now owns 1,564 shares of the company’s stock valued at $828,000 after purchasing an additional 26 shares during the last quarter. Jump Financial LLC purchased a new stake in GE Vernova during the second quarter valued at about $258,000. Ossiam bought a new position in GE Vernova during the second quarter worth about $42,000. Finally, Nebula Research & Development LLC boosted its position in GE Vernova by 23.9% during the second quarter. Nebula Research & Development LLC now owns 1,674 shares of the company’s stock worth $886,000 after purchasing an additional 323 shares during the period.

Analyst Upgrades and Downgrades

GEV has been the topic of several research reports. Morgan Stanley lowered shares of GE Vernova from an “overweight” rating to an “underweight” rating in a research report on Monday. Zacks Research cut shares of GE Vernova from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 28th. Guggenheim raised their price objective on shares of GE Vernova from $1,300.00 to $1,450.00 and gave the stock a “buy” rating in a report on Thursday, July 23rd. BMO Capital Markets lifted their price objective on shares of GE Vernova from $1,110.00 to $1,250.00 and gave the company an “outperform” rating in a research note on Thursday, April 23rd. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of GE Vernova in a report on Tuesday, July 21st. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $1,133.15.

GE Vernova Trading Up 1.3%

Shares of GE Vernova stock opened at $1,019.65 on Wednesday. GE Vernova Inc. has a 12-month low of $530.16 and a 12-month high of $1,195.94. The company has a market cap of $271.56 billion, a price-to-earnings ratio of 29.18, a PEG ratio of 3.62 and a beta of 1.21. The company has a current ratio of 0.85, a quick ratio of 0.62 and a debt-to-equity ratio of 0.21. The company’s 50-day moving average price is $1,026.39 and its 200-day moving average price is $939.98.

GE Vernova (NYSE:GEV) last issued 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%. GE Vernova’s revenue was up 21.9% on a year-over-year basis. During the same period in the prior year, the firm posted $1.86 EPS. On average, equities analysts expect that GE Vernova Inc. will post 15.46 earnings per share for the current fiscal year.

GE Vernova Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 14th. Shareholders of record on Tuesday, June 16th were issued a $0.50 dividend. 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 presently 5.72%.

More GE Vernova News

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.

Insider Buying and Selling at GE Vernova

In other news, CEO Victor Abate sold 4,819 shares of the company’s 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 transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Matthew Joseph Potvin sold 2,333 shares of the stock in a transaction on Thursday, May 14th. The stock was 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 owned 3,549 shares in the company, 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. 0.21% of the stock is owned by company insiders.

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.