SageGuard Financial Group LLC Increases Stock Position in GE Vernova Inc. $GEV

SageGuard Financial Group LLC increased its holdings in shares of GE Vernova Inc. (NYSE:GEV) by 75.4% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,454 shares of the company’s stock after purchasing an additional 1,914 shares during the period. SageGuard Financial Group LLC’s holdings in GE Vernova were worth $3,888,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of GEV. North Star Investment Management Corp. raised its stake in GE Vernova by 1.3% in the first quarter. North Star Investment Management Corp. now owns 1,010 shares of the company’s stock worth $882,000 after buying an additional 13 shares in the last quarter. 3Chopt Investment Partners LLC lifted its holdings in GE Vernova by 4.5% during the first quarter. 3Chopt Investment Partners LLC now owns 796 shares of the company’s stock worth $695,000 after buying an additional 34 shares during the period. Continuum Advisory LLC boosted its position in GE Vernova by 12.8% during the 1st quarter. Continuum Advisory LLC now owns 749 shares of the company’s stock valued at $654,000 after acquiring an additional 85 shares in the last quarter. Portus Wealth Advisors LLC boosted its position in GE Vernova by 132.0% during the 1st quarter. Portus Wealth Advisors LLC now owns 1,677 shares of the company’s stock valued at $1,464,000 after acquiring an additional 954 shares in the last quarter. Finally, Apollon Financial LLC increased its holdings in shares of GE Vernova by 8.7% in the 1st quarter. Apollon Financial LLC now owns 536 shares of the company’s stock valued at $468,000 after acquiring an additional 43 shares during the period.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Morgan Stanley boosted their price target on GE Vernova from $817.00 to $960.00 and gave the stock an “overweight” rating in a research report on Monday, March 23rd. Citigroup raised their price objective on GE Vernova from $779.00 to $1,110.00 and gave the company a “neutral” rating in a research report on Monday, April 13th. Rothschild & Co Redburn upgraded GE Vernova from a “sell” rating to a “buy” rating and lifted their target price for the company from $560.00 to $1,100.00 in a research note on Monday, March 9th. BNP Paribas Exane downgraded shares of GE Vernova from an “outperform” rating to a “neutral” rating and set a $1,190.00 target price for the company. in a report on Monday, April 27th. Finally, Oppenheimer set a $1,303.00 price target on shares of GE Vernova in a research report on Thursday, April 23rd. Three analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $1,089.88.

Insider Activity

In other news, CEO Victor Abate sold 4,819 shares of the company’s stock in a transaction dated 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 transaction, 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 legal filing with the SEC, which is available through this hyperlink. Also, CAO Matthew Joseph Potvin sold 2,333 shares of the 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 completion of the transaction, 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. Additional details regarding this sale are available in the official SEC disclosure. 0.21% of the stock is currently owned by company insiders.

GE Vernova Stock Performance

Shares of GEV stock opened at $1,045.74 on Monday. The business’s fifty day simple moving average is $1,031.16 and its 200-day simple moving average is $865.68. The company has a market cap of $281.01 billion, a PE ratio of 30.46, a PEG ratio of 3.87 and a beta of 1.24. The company has a current ratio of 0.89, a quick ratio of 0.65 and a debt-to-equity ratio of 0.19. GE Vernova Inc. has a 12-month low of $482.20 and a 12-month high of $1,181.95.

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

GE Vernova Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 14th. Shareholders of record on Tuesday, June 16th will be 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 is Tuesday, June 16th. GE Vernova’s dividend payout ratio (DPR) 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.