GE Vernova Inc. $GEV Shares Sold by Radnor Capital Management LLC

Radnor Capital Management LLC cut its position in shares of GE Vernova Inc. (NYSE:GEV) by 12.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,483 shares of the company’s stock after selling 1,853 shares during the quarter. GE Vernova makes up 1.3% of Radnor Capital Management LLC’s investment portfolio, making the stock its 14th largest position. Radnor Capital Management LLC’s holdings in GE Vernova were worth $8,812,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. grew its stake in GE Vernova by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 25,023,625 shares of the company’s stock worth $16,354,691,000 after acquiring an additional 208,162 shares during the period. State Street Corp lifted its stake in shares of GE Vernova by 1.3% during the 3rd quarter. State Street Corp now owns 11,238,278 shares of the company’s stock worth $6,910,417,000 after purchasing an additional 140,500 shares during the period. Northern Trust Corp lifted its stake in shares of GE Vernova by 1.8% during the 3rd quarter. Northern Trust Corp now owns 2,877,458 shares of the company’s stock worth $1,769,349,000 after purchasing an additional 51,738 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of GE Vernova by 5,171.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,452,858 shares of the company’s stock worth $1,603,114,000 after purchasing an additional 2,406,326 shares during the last quarter. Finally, Invesco Ltd. boosted its holdings in shares of GE Vernova by 7.1% during the third quarter. Invesco Ltd. now owns 2,375,738 shares of the company’s stock worth $1,460,841,000 after purchasing an additional 158,481 shares during the last quarter.

Insider Buying and Selling

In related news, CAO Matthew Joseph Potvin sold 2,333 shares of the firm’s 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 value of $2,470,856.97. Following the transaction, the chief accounting officer owned 3,549 shares in the company, valued at approximately $3,758,710.41. This trade represents a 39.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.21% of the company’s stock.

GE Vernova Price Performance

Shares of GE Vernova stock opened at $1,013.61 on Tuesday. GE Vernova Inc. has a twelve month low of $421.64 and a twelve month high of $1,181.95. The stock has a market capitalization of $272.38 billion, a P/E ratio of 29.53, a PEG ratio of 3.93 and a beta of 1.51. 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 business’s fifty day moving average price is $961.74 and its 200 day moving average price is $779.07.

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 the consensus estimate of $1.95 by $15.49. GE Vernova had a return on equity of 43.97% and a net margin of 23.81%.The business had revenue of $9.34 billion for the quarter, compared to analyst estimates of $9.19 billion. During the same period in the previous year, the company posted $0.91 EPS. The company’s revenue was up 17.0% compared to the same quarter last year. As a group, research analysts anticipate that GE Vernova Inc. will post 14.84 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Rothschild & Co Redburn upgraded GE Vernova from a “sell” rating to a “buy” rating and upped their target price for the company from $560.00 to $1,100.00 in a research note on Monday, March 9th. Zacks Research lowered GE Vernova from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 28th. BMO Capital Markets lifted their price target on GE Vernova from $1,110.00 to $1,250.00 and gave the company an “outperform” rating in a report on Thursday, April 23rd. China Renaissance raised shares of GE Vernova to a “strong-buy” rating in a research note on Thursday, January 29th. Finally, Oppenheimer set a $1,303.00 price objective on shares of GE Vernova in a report on Thursday, April 23rd. Two investment 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,090.76.

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.