Princeton Capital Management LLC Decreases Stock Holdings in GE Vernova Inc. $GEV

Princeton Capital Management LLC lowered its position in GE Vernova Inc. (NYSE:GEV) by 4.6% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 9,163 shares of the company’s stock after selling 437 shares during the period. GE Vernova makes up about 1.4% of Princeton Capital Management LLC’s portfolio, making the stock its 15th largest position. Princeton Capital Management LLC’s holdings in GE Vernova were worth $4,849,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of GEV. IMA Advisory Services Inc. acquired a new position in shares of GE Vernova during the first quarter worth $27,000. WFA Asset Management Corp acquired a new position in GE Vernova during the 2nd quarter valued at about $29,000. Mowery & Schoenfeld Wealth Management LLC raised its stake in GE Vernova by 115.2% in the first quarter. Mowery & Schoenfeld Wealth Management LLC now owns 99 shares of the company’s stock valued at $30,000 after buying an additional 53 shares during the last quarter. 1248 Management LLC acquired a new stake in GE Vernova in the first quarter worth about $31,000. Finally, Saudi Central Bank purchased a new stake in shares of GE Vernova during the first quarter worth about $33,000.

GE Vernova Stock Performance

GE Vernova stock opened at $549.81 on Friday. GE Vernova Inc. has a 52 week low of $252.25 and a 52 week high of $677.29. The firm has a market capitalization of $149.17 billion, a PE ratio of 89.55, a PEG ratio of 4.16 and a beta of 1.68. The business’s 50-day simple moving average is $603.35 and its 200-day simple moving average is $546.47.

GE Vernova (NYSE:GEV) last released its earnings results on Wednesday, October 22nd. The company reported $1.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.72 by ($0.08). GE Vernova had a net margin of 4.52% and a return on equity of 17.07%. The business had revenue of $9.97 billion during the quarter, compared to analyst estimates of $9.15 billion. During the same period last year, the business earned ($0.35) EPS. The business’s quarterly revenue was up 11.8% compared to the same quarter last year. GE Vernova has set its FY 2025 guidance at EPS. Research analysts forecast that GE Vernova Inc. will post 6.59 earnings per share for the current year.

GE Vernova Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 17th. Shareholders of record on Monday, October 20th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Monday, October 20th. This represents a $1.00 dividend on an annualized basis and a yield of 0.2%. GE Vernova’s dividend payout ratio is 16.29%.

Insider Transactions at GE Vernova

In other news, CFO Kenneth Scott Parks sold 3,300 shares of the business’s stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $620.00, for a total transaction of $2,046,000.00. Following the transaction, the chief financial officer owned 7,590 shares in the company, valued at approximately $4,705,800. The trade was a 30.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.15% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. TD Cowen dropped their price objective on shares of GE Vernova from $685.00 to $680.00 and set a “buy” rating on the stock in a research note on Thursday, October 23rd. Redburn Partners set a $475.00 price target on GE Vernova in a research report on Wednesday, October 15th. Melius upgraded GE Vernova from a “hold” rating to a “buy” rating and set a $740.00 price objective for the company in a research report on Monday, September 15th. Robert W. Baird increased their target price on GE Vernova from $568.00 to $706.00 and gave the company an “outperform” rating in a research report on Thursday, July 24th. Finally, Barclays boosted their price target on shares of GE Vernova from $706.00 to $710.00 and gave the stock an “overweight” rating in a report on Thursday, October 23rd. Four research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $607.81.

GE Vernova Company Profile

GE Vernova LLC, an energy business company, generates electricity. It operates under three segments: Power, Wind, and Electrification. The Power segments generates and sells electricity through hydro, gas, nuclear, and steam power. Wind segment engages in the manufacturing and sale of wind turbine blades; and Electrification segment provides grid solutions, power conversion, solar, and storage solutions.