Twin Capital Management Inc. increased its stake in GE Vernova Inc. (NYSE:GEV – Free Report) by 58.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,718 shares of the company’s stock after acquiring an additional 1,377 shares during the period. Twin Capital Management Inc.’s holdings in GE Vernova were worth $3,245,000 at the end of the most recent reporting period.
A number of other hedge funds have also made changes to their positions in the stock. World Investment Advisors raised its holdings in GE Vernova by 19.9% during the 4th quarter. World Investment Advisors now owns 13,497 shares of the company’s stock worth $8,821,000 after buying an additional 2,241 shares during the period. Merit Financial Group LLC lifted its stake in GE Vernova by 17.4% during the fourth quarter. Merit Financial Group LLC now owns 15,080 shares of the company’s stock valued at $9,856,000 after buying an additional 2,230 shares in the last quarter. Vest Financial LLC boosted its holdings in shares of GE Vernova by 56.7% in the fourth quarter. Vest Financial LLC now owns 66,191 shares of the company’s stock worth $43,260,000 after buying an additional 23,956 shares during the period. Riverbend Wealth Management LLC acquired a new position in shares of GE Vernova in the fourth quarter worth about $567,000. Finally, RiverFront Investment Group LLC increased its position in shares of GE Vernova by 239.2% in the fourth quarter. RiverFront Investment Group LLC now owns 2,191 shares of the company’s stock worth $1,432,000 after acquiring an additional 1,545 shares in the last quarter.
Analyst Ratings Changes
GEV has been the subject of several research analyst reports. Argus set a $1,300.00 price target on shares of GE Vernova in a research report on Monday, April 27th. BNP Paribas Exane cut shares of GE Vernova from an “outperform” rating to a “neutral” rating and set a $1,190.00 price objective on the stock. in a research report on Monday, April 27th. Morgan Stanley boosted their target price on shares of GE Vernova from $817.00 to $960.00 and gave the company an “overweight” rating in a research note on Monday, March 23rd. Barclays increased their target price on GE Vernova from $993.00 to $1,250.00 and gave the company an “overweight” rating in a report on Thursday, April 23rd. Finally, Susquehanna set a $1,300.00 price target on GE Vernova in a report on Thursday, April 23rd. Three analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, GE Vernova presently has a consensus rating of “Moderate Buy” and an average price target of $1,089.88.
GE Vernova News Roundup
Here are the key news stories impacting GE Vernova this week:
- Positive Sentiment: Morgan Stanley reportedly named GE Vernova as a top pick into earnings, citing expectations for strong quarterly results and favorable setup heading into the July 22 report. Buy GE Vernova, Lam Research, United Airlines stocks: Morgan Stanley
- Positive Sentiment: Multiple articles highlighted GE Vernova as a beneficiary of surging AI-driven electricity demand, especially from data centers, which could support order growth and revenue in its grid and power businesses. Buy 3 High-Flying Alternative Energy Stocks to Tap AI Data Center Boom
- Positive Sentiment: Commentary ahead of earnings says GE Vernova’s Power and Electrification segments remain strong, and one report pointed to an order-book edge that may have investors viewing the company as ahead of peers. Here’s Why GE Vernova Is a No-Brainer Buy Before July 22 Earnings
- Neutral Sentiment: Several previews warned that GEV may not have the ideal setup for an earnings beat, suggesting expectations are elevated and the stock could react sharply if results or guidance disappoint. GE Vernova (GEV) Earnings Expected to Grow: What to Know Ahead of Next Week’s Release
- Neutral Sentiment: One article said GE Vernova is still facing persistent pressure in its Wind business, which may offset some of the bullishness from its other segments. Is GEV Stock a Smart Investment Option Before Q2 Earnings Release?
- Negative Sentiment: Fubon Securities issued a Hold rating, a reminder that not all analysts are fully bullish on GE Vernova at current levels. GE Vernova Inc. (GEV) Gets a Hold from Fubon Securities
Insider Buying and Selling at GE Vernova
In other GE Vernova news, CEO Victor Abate sold 4,819 shares of the business’s stock in a transaction dated 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 $1,739,726.80. The trade was a 72.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Matthew Joseph Potvin sold 2,333 shares of the company’s stock in a transaction dated 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 in the company, valued at approximately $3,758,710.41. The trade was a 39.66% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.21% of the stock is currently owned by company insiders.
GE Vernova Stock Performance
Shares of GEV opened at $1,053.31 on Thursday. The company’s 50 day moving average price is $1,037.38 and its 200 day moving average price is $905.20. GE Vernova Inc. has a 52 week low of $530.16 and a 52 week high of $1,195.94. The company has a market capitalization of $283.04 billion, a PE ratio of 30.68, a PEG ratio of 3.93 and a beta of 1.09. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.65 and a current ratio of 0.89.
GE Vernova (NYSE:GEV – Get Free Report) last released its earnings results on Wednesday, April 22nd. The company reported $17.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.95 by $15.49. The company had revenue of $9.34 billion during the quarter, compared to the consensus estimate of $9.19 billion. GE Vernova had a net margin of 23.81% and a return on equity of 43.97%. The company’s revenue was up 17.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.91 EPS. Research analysts expect that GE Vernova Inc. will post 15.06 EPS for the current fiscal year.
GE Vernova Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, July 14th. Stockholders of record on Tuesday, June 16th were paid a $0.50 dividend. The ex-dividend date of this dividend was Tuesday, June 16th. This represents a $2.00 dividend on an annualized basis and a dividend 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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