State of Michigan Retirement System Has $61.49 Million Stake in GE Vernova Inc. $GEV

Posted by Geri Gentry on Jul 14th, 2026

State of Michigan Retirement System decreased its position in GE Vernova Inc. (NYSE:GEV – Free Report) by 0.8% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 70,440 shares of the company’s stock after selling 600 shares during the period. State of Michigan Retirement System’s holdings in GE Vernova were worth $61,487,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Cornerstone Financial Management LLC purchased a new stake in shares of GE Vernova in the fourth quarter valued at $25,000. Wealth Watch Advisors INC purchased a new position in shares of GE Vernova during the third quarter valued at $25,000. Torren Management LLC purchased a new position in shares of GE Vernova during the fourth quarter valued at $26,000. Manning & Napier Advisors LLC raised its position in GE Vernova by 68.4% during the first quarter. Manning & Napier Advisors LLC now owns 32 shares of the company’s stock valued at $26,000 after buying an additional 13 shares during the period. Finally, ORG Wealth Partners LLC raised its position in GE Vernova by 241.7% during the fourth quarter. ORG Wealth Partners LLC now owns 41 shares of the company’s stock valued at $27,000 after buying an additional 29 shares during the period.

Trending Headlines about GE Vernova

Here are the key news stories impacting GE Vernova this week:

Positive Sentiment: Several articles highlighted GE Vernova’s strong stock performance, attractive valuation relative to peers, dividend, and upbeat 2026 outlook, which supports the bullish case for the company. GEV or XE: Which Alternative Energy Stock Is a Stronger Play Now?
Positive Sentiment: Technical coverage noted that GE Vernova crossed above its 20-day moving average, a sign traders may view as a short-term bullish trend and possible support for further gains. GE Vernova (GEV) Crossed Above the 20-Day Moving Average: What That Means for Investors
Positive Sentiment: Investor commentary also pointed to growing demand for gas turbines tied to data-center power needs, with Chevron’s joint venture reinforcing GE Vernova’s role in a key growth market. Does Chevron’s Joint Venture With GE Vernova Make the Stock a Buy Ahead of 2027?
Neutral Sentiment: Analyst-style coverage and market commentary around the stock being “worth buying” or potentially outperforming through 2030 may have helped sentiment, but these pieces were more opinionated than company-specific catalysts. 2 Top Power Stocks That Could Outperform the Market Through 2030
Negative Sentiment: The main drag was a broad pullback in the shares, with one report specifically noting GE Vernova fell more than the broader market, likely reflecting profit-taking after a strong run rather than a fundamental setback. Here’s Why GE Vernova (GEV) Fell More Than Broader Market

Insider Activity

In related news, CEO Victor Abate sold 4,819 shares of the stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $948.08, for a total value of $4,568,797.52. Following the transaction, the chief executive officer owned 1,835 shares in the company, valued at approximately $1,739,726.80. This represents a 72.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, 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 transaction of $2,470,856.97. Following the transaction, the chief accounting officer directly owned 3,549 shares in the company, valued at approximately $3,758,710.41. The trade was a 39.66% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.21% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on GEV shares. Weiss Ratings raised GE Vernova from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, April 24th. Argus set a $1,300.00 target price on GE Vernova in a report on Monday, April 27th. Wall Street Zen upgraded GE Vernova from a “hold” rating to a “buy” rating in a report on Sunday. JPMorgan Chase & Co. increased their price target on shares of GE Vernova from $1,000.00 to $1,150.00 and gave the stock an “overweight” rating in a research report on Thursday, April 16th. Finally, Sanford C. Bernstein started coverage on shares of GE Vernova in a report on Tuesday, June 16th. They set an “outperform” rating and a $1,206.00 price target for the company. Three analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, GE Vernova currently has an average rating of “Moderate Buy” and a consensus target price of $1,089.88.

Read Our Latest Research Report on GEV

GE Vernova Price Performance

Shares of NYSE:GEV opened at $1,042.65 on Tuesday. The firm has a market cap of $280.18 billion, a price-to-earnings ratio of 30.37, a P/E/G ratio of 4.03 and a beta of 1.09. GE Vernova Inc. has a 1 year low of $530.16 and a 1 year high of $1,195.94. 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 business has a fifty day simple moving average of $1,039.30 and a 200 day simple moving average of $899.66.

GE Vernova (NYSE:GEV – Get Free Report) last issued its earnings results on Wednesday, April 22nd. The company reported $17.44 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 firm had revenue of $9.34 billion for the quarter, compared to the consensus estimate of $9.19 billion. During the same quarter in the previous year, the company posted $0.91 earnings per share. The business’s quarterly revenue was up 17.0% compared to the same quarter last year. As a group, sell-side analysts predict that GE Vernova Inc. will post 15.06 earnings per share for the current fiscal year.

GE Vernova Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 14th. Stockholders of record on Tuesday, June 16th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.2%. The ex-dividend date is Tuesday, June 16th. GE Vernova’s payout ratio is currently 5.83%.

GE Vernova Company Profile

(Free Report)

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.