GE Vernova Inc. (NYSE:GEV – Get Free Report) rose 2% on Wednesday . The company traded as high as $1,071.00 and last traded at $1,055.6810. 2,696,390 shares were traded during trading, a decline of 3% from the average daily volume of 2,791,865 shares. The stock had previously closed at $1,034.98.
GE Vernova News Roundup
Here are the key news stories impacting GE Vernova this week:
- Positive Sentiment: Reports highlight that GE Vernova’s gas turbine pricing has risen sharply over the past three years as utilities and data-center developers compete for scarce power-generation equipment. That suggests stronger revenue and margin potential for the company. Article Title
- Positive Sentiment: GE Vernova introduced GridOS for Transmission and new AI-focused white papers, reinforcing its positioning as a key software-and-grid infrastructure supplier for the power network upgrades needed to support AI growth. Article Title
- Positive Sentiment: Market commentary continues to frame GEV as a beneficiary of the AI data-center buildout, with analysts and media noting that the company has higher-margin exposure than some competitors in the power equipment space. Article Title
- Neutral Sentiment: Several articles reiterate that GE Vernova remains a popular “high-conviction” stock among hedge funds and appears on multiple best-stock lists, but these pieces are largely commentary rather than new business developments. Article Title
- Negative Sentiment: GE Vernova shares had recently fallen sharply in a prior session, reflecting ongoing volatility as investors balance strong AI-powered growth expectations against already elevated valuations. Article Title
Analysts Set New Price Targets
GEV has been the topic of a number of recent research reports. TD Cowen increased their price target on GE Vernova from $780.00 to $1,220.00 and gave the stock a “buy” rating in a research report on Thursday, April 23rd. Citigroup lifted their price objective on GE Vernova from $779.00 to $1,110.00 and gave the company a “neutral” rating in a report on Monday, April 13th. Oppenheimer set a $1,303.00 price objective on shares of GE Vernova in a research note on Thursday, April 23rd. Sanford C. Bernstein assumed coverage on shares of GE Vernova in a report on Tuesday, June 16th. They set an “outperform” rating and a $1,206.00 target price on the stock. Finally, JPMorgan Chase & Co. raised their target price on shares of GE Vernova from $1,000.00 to $1,150.00 and gave the company an “overweight” rating in a research report on Thursday, April 16th. Three 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’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $1,089.88.
GE Vernova Price Performance
The company has a current ratio of 0.89, a quick ratio of 0.65 and a debt-to-equity ratio of 0.19. The firm has a market cap of $283.68 billion, a P/E ratio of 30.75, a PEG ratio of 4.18 and a beta of 1.23. The firm has a 50-day simple moving average of $1,026.82 and a 200-day simple moving average of $856.51.
GE Vernova (NYSE:GEV – Get Free Report) last announced its quarterly 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 business had revenue of $9.34 billion for the quarter, compared to the consensus estimate of $9.19 billion. GE Vernova had a return on equity of 43.97% and a net margin of 23.81%.The business’s revenue was up 17.0% compared to the same quarter last year. During the same period last year, the business posted $0.91 EPS. As a group, analysts forecast that GE Vernova Inc. will post 14.99 EPS for the current year.
GE Vernova Dividend Announcement
The business 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 dividend of $0.50 per share. The ex-dividend date of this dividend 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 (DPR) is presently 5.83%.
Insider Activity
In other GE Vernova news, CAO Matthew Joseph Potvin sold 2,333 shares of the stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $1,059.09, for a total transaction of $2,470,856.97. Following the completion of the sale, the chief accounting officer directly owned 3,549 shares of the company’s stock, valued at approximately $3,758,710.41. This represents a 39.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Victor Abate sold 4,819 shares of the firm’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 sale, the chief executive officer owned 1,835 shares in the company, valued at $1,739,726.80. This represents a 72.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.21% of the stock is owned by insiders.
Institutional Investors Weigh In On GE Vernova
A number of hedge funds and other institutional investors have recently bought and sold shares of GEV. Manning & Napier Advisors LLC grew its holdings in GE Vernova by 68.4% in the first quarter. Manning & Napier Advisors LLC now owns 32 shares of the company’s stock worth $26,000 after purchasing an additional 13 shares during the last quarter. Torren Management LLC purchased a new stake in shares of GE Vernova during the 4th quarter valued at $26,000. Cornerstone Financial Management LLC purchased a new stake in shares of GE Vernova during the 4th quarter valued at $25,000. Wealth Watch Advisors INC acquired a new stake in shares of GE Vernova in the 3rd quarter worth $25,000. Finally, ORG Wealth Partners LLC boosted its position in shares of GE Vernova by 241.7% in the 4th quarter. ORG Wealth Partners LLC now owns 41 shares of the company’s stock worth $27,000 after purchasing an additional 29 shares in the last quarter.
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.
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