Berkshire Asset Management LLC PA increased its holdings in GE Vernova Inc. (NYSE:GEV – Free Report) by 10.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,482 shares of the company’s stock after purchasing an additional 588 shares during the period. Berkshire Asset Management LLC PA’s holdings in GE Vernova were worth $4,236,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in the business. US Bancorp DE increased its holdings in shares of GE Vernova by 2.2% during the third quarter. US Bancorp DE now owns 100,542 shares of the company’s stock worth $61,824,000 after buying an additional 2,163 shares in the last quarter. Varenne Capital Partners acquired a new stake in shares of GE Vernova in the third quarter valued at approximately $4,872,000. Merit Financial Group LLC increased its holdings in shares of GE Vernova by 17.4% in the fourth quarter. Merit Financial Group LLC now owns 15,080 shares of the company’s stock valued at $9,856,000 after purchasing an additional 2,230 shares in the last quarter. Stevens Capital Management LP grew its holdings in GE Vernova by 56.0% during the 3rd quarter. Stevens Capital Management LP now owns 3,640 shares of the company’s stock worth $2,238,000 after acquiring an additional 1,307 shares during the period. Finally, Vest Financial LLC grew its holdings in GE Vernova by 56.7% during the 4th quarter. Vest Financial LLC now owns 66,191 shares of the company’s stock worth $43,260,000 after acquiring an additional 23,956 shares during the period.
Insider Transactions at GE Vernova
In related news, CAO Matthew Joseph Potvin sold 2,333 shares of the company’s stock in a transaction dated 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 represents a 39.66% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Victor Abate sold 4,819 shares of the company’s stock in a transaction dated 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 transaction, 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. 0.21% of the stock is currently owned by corporate insiders.
Analyst Upgrades and Downgrades
Key Headlines Impacting GE Vernova
Here are the key news stories impacting GE Vernova this week:
- Positive Sentiment: Media coverage highlighted GE Vernova’s equipment and technology as a beneficiary of rising AI-driven electricity demand and broader electrification trends. GE Vernova Powers Machines Behind AI & Electrification Demand
- Positive Sentiment: Analysts and market commentary emphasized GE Vernova’s expanding services franchise and $163.3 billion backlog, which provide revenue visibility and support a steadier growth outlook. Can GE Vernova’s Services Business Drive More Stable Growth?
- Positive Sentiment: Interest in GridOS for Transmission reflects investor optimism around GE Vernova’s AI-enabled software and grid stability solutions, which could deepen its role in utility modernization. GE Vernova Inc. (GEV) Unveils GridOS for Transmission to Enhance Grid Stability and Operations
- Neutral Sentiment: One article questioned GE Vernova’s growth and valuation after the GridOS launch, suggesting the market is weighing its software ambitions against a rich stock valuation. GE Vernova GridOS Launch Spurs Questions On Growth And Valuation
- Negative Sentiment: Another report said Rolls-Royce was selected over GE Vernova as a supplier for new small modular reactors in Sweden, a reminder of competitive headwinds in the nuclear energy opportunity. Rolls-Royce tops GE Vernova as supplier for new small modular reactors in Sweden
- Negative Sentiment: Jefferies reportedly trimmed its price target on GE Vernova, which may have pressured sentiment by signaling less upside near term. Jefferies Trims Price Target on GE Vernova (GEV). Here is Why
GE Vernova Stock Up 0.4%
Shares of GEV stock opened at $982.80 on Wednesday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.65 and a current ratio of 0.89. The firm’s 50-day moving average is $1,012.17 and its 200-day moving average is $839.14. The stock has a market cap of $264.10 billion, a price-to-earnings ratio of 28.63, a PEG ratio of 3.63 and a beta of 1.23. GE Vernova Inc. has a 52-week low of $479.04 and a 52-week high of $1,181.95.
GE Vernova (NYSE:GEV – Get Free Report) last issued 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. The company 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%. GE Vernova’s quarterly revenue was up 17.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.91 EPS. Sell-side 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 paid a $0.50 dividend. The ex-dividend date is Tuesday, June 16th. This represents a $2.00 dividend on an annualized basis and a yield of 0.2%. GE Vernova’s dividend 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.
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