Saturna Capital Corp Makes New $401,000 Investment in GE Vernova Inc. $GEV

Saturna Capital Corp acquired a new stake in shares of GE Vernova Inc. (NYSE:GEV) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 613 shares of the company’s stock, valued at approximately $401,000.

Other hedge funds also recently made changes to their positions in the company. US Bancorp DE increased its position in shares of GE Vernova by 2.2% during the 3rd quarter. US Bancorp DE now owns 100,542 shares of the company’s stock valued at $61,824,000 after purchasing an additional 2,163 shares during the last quarter. Vanguard Group Inc. boosted its stake in GE Vernova by 0.6% in the third quarter. Vanguard Group Inc. now owns 24,815,463 shares of the company’s stock worth $15,259,028,000 after buying an additional 150,892 shares in the last quarter. Varenne Capital Partners purchased a new stake in GE Vernova in the third quarter worth approximately $4,872,000. Merit Financial Group LLC grew its position in GE Vernova by 17.4% during the fourth quarter. Merit Financial Group LLC now owns 15,080 shares of the company’s stock valued at $9,856,000 after acquiring an additional 2,230 shares during the last quarter. Finally, Stevens Capital Management LP raised its stake in shares of GE Vernova by 56.0% during the third quarter. Stevens Capital Management LP now owns 3,640 shares of the company’s stock worth $2,238,000 after acquiring an additional 1,307 shares in the last quarter.

Key GE Vernova News

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

• Positive Sentiment: GE Vernova was highlighted as a potential beneficiary of the U.S. Department of Energy setting a timeline for fusion energy development, which could lift sentiment around the company’s long-term role in advanced power generation and grid infrastructure. Article Title
• Neutral Sentiment: Recent coverage also noted that GEV had already been trading lower in the previous session, suggesting some near-term momentum loss before today’s move. Article Title
• Neutral Sentiment: Broader market headlines about futures moving on geopolitical tensions and oil volatility may also be contributing to a risk-off tone, but they are not specific to GE Vernova’s fundamentals. Article Title

Insider Buying and Selling at GE Vernova

In related news, CAO Matthew Joseph Potvin sold 2,333 shares of GE Vernova stock in a transaction dated 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 directly 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 Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Victor Abate sold 4,819 shares of the business’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 transaction, the chief executive officer directly owned 1,835 shares of the company’s stock, valued at approximately $1,739,726.80. This trade represents a 72.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.21% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Robert W. Baird boosted their price objective on shares of GE Vernova from $1,008.00 to $1,400.00 and gave the stock an “outperform” rating in a report on Thursday, April 23rd. Morgan Stanley lifted their target price on shares of GE Vernova from $817.00 to $960.00 and gave the stock an “overweight” rating in a research report on Monday, March 23rd. TD Cowen boosted their price target on shares of GE Vernova from $780.00 to $1,220.00 and gave the stock a “buy” rating in a research note on Thursday, April 23rd. Erste Group Bank upgraded shares of GE Vernova to a “strong-buy” rating in a research report on Tuesday, March 24th. Finally, Barclays raised their price objective on GE Vernova from $993.00 to $1,250.00 and gave the company an “overweight” rating in a research note on Thursday, April 23rd. Two analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, GE Vernova has an average rating of “Moderate Buy” and a consensus price target of $1,090.76.

GE Vernova Stock Down 5.8%

GEV stock opened at $866.63 on Thursday. GE Vernova Inc. has a twelve month low of $464.00 and a twelve month high of $1,181.95. The company has a quick ratio of 0.65, a current ratio of 0.89 and a debt-to-equity ratio of 0.19. The firm has a market cap of $232.88 billion, a PE ratio of 25.24, a price-to-earnings-growth ratio of 3.41 and a beta of 1.23. The business has a 50 day moving average of $1,007.32 and a 200 day moving average of $828.51.

GE Vernova (NYSE:GEV) last released its quarterly earnings data on Wednesday, April 22nd. The company reported $17.44 earnings per share for the quarter, beating analysts’ consensus estimates of $1.95 by $15.49. The business had revenue of $9.34 billion during the quarter, compared to analyst estimates of $9.19 billion. GE Vernova had a net margin of 23.81% and a return on equity of 43.97%. GE Vernova’s revenue was up 17.0% compared to the same quarter last year. During the same period last year, the business earned $0.91 EPS. On average, research analysts forecast that GE Vernova Inc. will post 14.99 EPS for the current fiscal year.

GE Vernova Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 14th. Stockholders of record on Tuesday, June 16th will be paid a $0.50 dividend. 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 payout ratio is currently 5.83%.

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.