GE Vernova Inc. $GEV Shares Sold by Caliber Wealth Management LLC KS

Caliber Wealth Management LLC KS reduced its position in GE Vernova Inc. (NYSE:GEV) by 21.2% in the 1st quarter, Holdings Channel reports. The institutional investor owned 2,729 shares of the company’s stock after selling 736 shares during the period. Caliber Wealth Management LLC KS’s holdings in GE Vernova were worth $2,383,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC increased its holdings in shares of GE Vernova by 29.4% in the 4th quarter. Brighton Jones LLC now owns 3,315 shares of the company’s stock valued at $1,091,000 after acquiring an additional 753 shares during the last quarter. Schnieders Capital Management LLC. lifted its stake in GE Vernova by 1.7% during the second quarter. Schnieders Capital Management LLC. now owns 1,564 shares of the company’s stock worth $828,000 after purchasing an additional 26 shares during the last quarter. Jump Financial LLC bought a new position in GE Vernova during the second quarter worth $258,000. Ossiam acquired a new position in GE Vernova in the second quarter worth $42,000. Finally, Nebula Research & Development LLC boosted its holdings in GE Vernova by 23.9% in the second quarter. Nebula Research & Development LLC now owns 1,674 shares of the company’s stock worth $886,000 after purchasing an additional 323 shares during the period.

Insider Activity

In other GE Vernova 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 sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Victor Abate sold 4,819 shares of the firm’s stock in a transaction that occurred 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 $1,739,726.80. The trade was a 72.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.21% of the company’s stock.

GE Vernova Price Performance

Shares of GEV opened at $1,101.11 on Tuesday. GE Vernova Inc. has a 12 month low of $482.20 and a 12 month high of $1,181.95. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.89 and a quick ratio of 0.65. The stock has a fifty day moving average price of $1,033.60 and a 200 day moving average price of $869.03. The company has a market cap of $295.89 billion, a P/E ratio of 32.07, a PEG ratio of 3.87 and a beta of 1.24.

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, beating 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 company had revenue of $9.34 billion for the quarter, compared to analysts’ expectations of $9.19 billion. During the same period last year, the business posted $0.91 earnings per share. The firm’s quarterly revenue was up 17.0% compared to the same quarter last year. On average, research analysts forecast that GE Vernova Inc. will post 14.99 earnings per share for the current year.

GE Vernova Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 14th. Investors of record on Tuesday, June 16th will be given 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 dividend payout ratio (DPR) is currently 5.83%.

Wall Street Analysts Forecast Growth

GEV has been the subject of several recent research reports. Sanford C. Bernstein began coverage on shares of GE Vernova in a research note on Tuesday, June 16th. They set an “outperform” rating and a $1,206.00 target price for the company. Rothschild & Co Redburn upgraded shares of GE Vernova from a “sell” rating to a “buy” rating and raised their price target for the stock from $560.00 to $1,100.00 in a research report on Monday, March 9th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $1,328.00 price target on shares of GE Vernova in a report on Friday, April 24th. TD Cowen boosted their price objective on shares of GE Vernova from $780.00 to $1,220.00 and gave the company a “buy” rating in a research report on Thursday, April 23rd. Finally, Jefferies Financial Group dropped their price objective on shares of GE Vernova from $1,350.00 to $1,210.00 and set a “buy” rating on the stock in a research note on Thursday, June 11th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $1,089.88.

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.