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

Radnor Capital Management LLC reduced its holdings in GE Vernova Inc. (NYSE:GEV) by 12.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,483 shares of the company’s stock after selling 1,853 shares during the quarter. GE Vernova comprises 1.3% of Radnor Capital Management LLC’s investment portfolio, making the stock its 14th biggest holding. Radnor Capital Management LLC’s holdings in GE Vernova were worth $8,812,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of GEV. Jackson Grant Investment Advisers Inc. lifted its holdings in GE Vernova by 344.4% in the third quarter. Jackson Grant Investment Advisers Inc. now owns 40 shares of the company’s stock valued at $25,000 after acquiring an additional 31 shares during the period. Wealth Watch Advisors INC purchased a new position in shares of GE Vernova in the 3rd quarter valued at about $25,000. Torren Management LLC acquired a new stake in shares of GE Vernova in the fourth quarter valued at about $26,000. ORG Wealth Partners LLC boosted its holdings in GE Vernova by 241.7% during the fourth quarter. ORG Wealth Partners LLC now owns 41 shares of the company’s stock worth $27,000 after buying an additional 29 shares in the last quarter. Finally, Navalign LLC purchased a new stake in GE Vernova during the fourth quarter worth about $27,000.

Analyst Upgrades and Downgrades

GEV has been the subject of a number of research analyst reports. Zacks Research cut shares of GE Vernova from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 28th. BNP Paribas Exane lowered GE Vernova from an “outperform” rating to a “neutral” rating and set a $1,190.00 price target on the stock. in a research note on Monday, April 27th. UBS Group restated a “buy” rating on shares of GE Vernova in a report on Thursday, January 29th. Jefferies Financial Group raised their price objective on GE Vernova from $965.00 to $1,350.00 and gave the company a “buy” rating in a research note on Friday, April 24th. Finally, Argus set a $1,300.00 target price on GE Vernova in a research report on Monday, April 27th. Two 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 stock. According to data from MarketBeat.com, GE Vernova has an average rating of “Moderate Buy” and a consensus price target of $1,090.76.

Insiders Place Their Bets

In other news, CAO Matthew Joseph Potvin sold 2,333 shares of the business’s stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $1,059.09, for a total value 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. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.21% of the company’s stock.

GE Vernova Stock Down 3.4%

Shares of NYSE GEV opened at $1,013.61 on Tuesday. The firm’s 50-day moving average is $961.74 and its two-hundred day moving average is $779.07. The company has a market capitalization of $272.38 billion, a PE ratio of 29.53, a price-to-earnings-growth ratio of 3.93 and a beta of 1.51. GE Vernova Inc. has a 12-month low of $421.64 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.

GE Vernova (NYSE:GEV) last issued its quarterly earnings data on Wednesday, April 22nd. The company reported $17.44 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $9.34 billion during the quarter, compared to the consensus estimate of $9.19 billion. During the same period in the previous year, the firm posted $0.91 EPS. The company’s quarterly revenue was up 17.0% compared to the same quarter last year. Equities analysts anticipate that GE Vernova Inc. will post 14.84 EPS for the current fiscal year.

GE Vernova Company 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.