Poehling Capital Management INC. Invests $3.14 Million in GE Vernova Inc. $GEV

Poehling Capital Management INC. acquired a new position in shares of GE Vernova Inc. (NYSE:GEV) in the 1st quarter, HoldingsChannel reports. The fund acquired 3,599 shares of the company’s stock, valued at approximately $3,142,000.

Several other hedge funds also recently modified their holdings of GEV. Bell Investment Advisors Inc increased its stake in GE Vernova by 5.2% in the first quarter. Bell Investment Advisors Inc now owns 221 shares of the company’s stock valued at $193,000 after purchasing an additional 11 shares in the last quarter. Sky Investment Group LLC boosted its position in shares of GE Vernova by 0.5% during the 1st quarter. Sky Investment Group LLC now owns 2,405 shares of the company’s stock worth $2,099,000 after purchasing an additional 12 shares in the last quarter. Hilton Head Capital Partners LLC grew its stake in shares of GE Vernova by 2.6% in the 1st quarter. Hilton Head Capital Partners LLC now owns 476 shares of the company’s stock valued at $416,000 after buying an additional 12 shares during the period. RFG Advisory LLC grew its stake in shares of GE Vernova by 2.1% in the 4th quarter. RFG Advisory LLC now owns 634 shares of the company’s stock valued at $414,000 after buying an additional 13 shares during the period. Finally, BlackDiamond Wealth Management LLC grew its stake in shares of GE Vernova by 2.8% in the 4th quarter. BlackDiamond Wealth Management LLC now owns 471 shares of the company’s stock valued at $308,000 after buying an additional 13 shares during the period.

Analysts Set New Price Targets

A number of research analysts recently weighed in on GEV shares. Argus set a $1,300.00 price target on GE Vernova in a research note on Monday, April 27th. The Goldman Sachs Group reissued a “buy” rating and issued a $1,328.00 price objective on shares of GE Vernova in a research note on Friday, April 24th. BNP Paribas Exane downgraded GE Vernova from an “outperform” rating to a “neutral” rating and set a $1,190.00 price objective for the company. in a report on Monday, April 27th. Royal Bank Of Canada upped their target price on GE Vernova from $996.00 to $1,195.00 and gave the stock an “outperform” rating in a research report on Thursday, April 23rd. Finally, Morgan Stanley increased their target price on GE Vernova from $817.00 to $960.00 and gave the stock an “overweight” rating in a report on Monday, March 23rd. Three research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $1,089.88.

Insider Transactions at GE Vernova

In other GE Vernova news, CEO Victor Abate sold 4,819 shares of the stock in a transaction dated 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 completion of the sale, the chief executive officer owned 1,835 shares in the company, valued at approximately $1,739,726.80. This trade represents a 72.42% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Matthew Joseph Potvin sold 2,333 shares of GE Vernova 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 transaction, the chief accounting officer directly owned 3,549 shares in the company, valued at approximately $3,758,710.41. This represents a 39.66% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.21% of the company’s stock.

GE Vernova Price Performance

Shares of NYSE:GEV opened at $1,045.74 on Friday. The company has a current ratio of 0.89, a quick ratio of 0.65 and a debt-to-equity ratio of 0.19. The stock has a market cap of $281.01 billion, a PE ratio of 30.46, a price-to-earnings-growth ratio of 4.02 and a beta of 1.23. The stock’s fifty day simple moving average is $1,031.16 and its two-hundred day simple moving average is $863.97. GE Vernova Inc. has a 1-year low of $482.20 and a 1-year high of $1,181.95.

GE Vernova (NYSE:GEV) last posted its earnings results on Wednesday, April 22nd. The company reported $17.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.95 by $15.49. The firm 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%. The business’s revenue was up 17.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.91 EPS. As a group, analysts forecast that GE Vernova Inc. will post 14.99 EPS for the current fiscal year.

GE Vernova Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 14th. Shareholders 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 of this dividend is Tuesday, June 16th. GE Vernova’s dividend payout ratio is presently 5.83%.

GE Vernova Company 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.