Wilmar Advisors LLC Makes New $980,000 Investment in GE Vernova Inc. $GEV

Wilmar Advisors LLC purchased a new position in shares of GE Vernova Inc. (NYSE:GEV) during the 4th quarter, Holdings Channel.com reports. The fund purchased 1,500 shares of the company’s stock, valued at approximately $980,000. GE Vernova comprises approximately 0.8% of Wilmar Advisors LLC’s portfolio, making the stock its 16th biggest position.

Several other large investors have also recently made changes to their positions in the business. Vanguard Personalized Indexing Management LLC raised its stake in shares of GE Vernova by 4.8% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 40,197 shares of the company’s stock worth $26,272,000 after acquiring an additional 1,859 shares in the last quarter. Venture Visionary Partners LLC grew its holdings in shares of GE Vernova by 53.6% in the fourth quarter. Venture Visionary Partners LLC now owns 7,291 shares of the company’s stock worth $4,777,000 after purchasing an additional 2,543 shares during the last quarter. Verition Fund Management LLC grew its holdings in shares of GE Vernova by 60.5% in the fourth quarter. Verition Fund Management LLC now owns 19,617 shares of the company’s stock worth $12,821,000 after purchasing an additional 7,391 shares during the last quarter. Whalerock Point Partners LLC grew its holdings in shares of GE Vernova by 60.7% in the fourth quarter. Whalerock Point Partners LLC now owns 993 shares of the company’s stock worth $649,000 after purchasing an additional 375 shares during the last quarter. Finally, Panagora Asset Management Inc. grew its holdings in shares of GE Vernova by 106.7% in the fourth quarter. Panagora Asset Management Inc. now owns 76,842 shares of the company’s stock worth $50,222,000 after purchasing an additional 39,667 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Jefferies Financial Group cut their target price on shares of GE Vernova from $1,350.00 to $1,210.00 and set a “buy” rating on the stock in a report on Thursday. Erste Group Bank upgraded shares of GE Vernova to a “strong-buy” rating in a report on Tuesday, March 24th. Zacks Research cut shares of GE Vernova from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 28th. Oppenheimer set a $1,303.00 target price on shares of GE Vernova in a report on Thursday, April 23rd. Finally, Barclays raised their target price on shares of GE Vernova from $993.00 to $1,250.00 and gave the stock an “overweight” rating 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 given a Hold rating to the company. Based on data from MarketBeat, GE Vernova presently has an average rating of “Moderate Buy” and an average target price of $1,085.16.

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 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 sale, the chief accounting officer owned 3,549 shares in the company, valued at $3,758,710.41. The trade was a 39.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Victor Abate sold 4,819 shares of GE Vernova stock in a transaction on 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 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 disclosure for this sale is available in the SEC filing. Insiders own 0.21% of the company’s stock.

GE Vernova Stock Performance

NYSE:GEV opened at $940.14 on Monday. The stock has a market cap of $252.63 billion, a P/E ratio of 27.39, a price-to-earnings-growth ratio of 3.49 and a beta of 1.24. The firm’s fifty day simple moving average is $1,008.85 and its 200 day simple moving average is $833.50. GE Vernova Inc. has a twelve month low of $474.21 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.

GE Vernova (NYSE:GEV) last released its quarterly earnings results 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. The business had revenue of $9.34 billion for the quarter, compared to analysts’ expectations of $9.19 billion. GE Vernova had a net margin of 23.81% and a return on equity of 43.97%. The firm’s revenue for the quarter was up 17.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.91 earnings per share. As a group, research analysts predict that GE Vernova Inc. will post 14.99 EPS for the current year.

GE Vernova Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 14th. Investors of record on Tuesday, June 16th will be issued a $0.50 dividend. The ex-dividend date is Tuesday, June 16th. This represents a $2.00 annualized dividend and a yield of 0.2%. GE Vernova’s payout ratio is 5.83%.

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.