State of Alaska Department of Revenue Sells 2,675 Shares of GE Vernova Inc. $GEV

State of Alaska Department of Revenue lowered its position in shares of GE Vernova Inc. (NYSE:GEV) by 9.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 27,080 shares of the company’s stock after selling 2,675 shares during the quarter. State of Alaska Department of Revenue’s holdings in GE Vernova were worth $17,698,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Jackson Grant Investment Advisers Inc. boosted its position in GE Vernova by 344.4% during 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 last quarter. Wealth Watch Advisors INC bought a new stake in GE Vernova during the third quarter valued at $25,000. ORG Wealth Partners LLC boosted 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 acquiring an additional 29 shares during the last quarter. Bay Harbor Wealth Management LLC boosted its position in GE Vernova by 537.5% during the third quarter. Bay Harbor Wealth Management LLC now owns 51 shares of the company’s stock valued at $31,000 after acquiring an additional 43 shares during the last quarter. Finally, Elevation Wealth Partners LLC boosted its position in GE Vernova by 47.2% during the third quarter. Elevation Wealth Partners LLC now owns 53 shares of the company’s stock valued at $33,000 after acquiring an additional 17 shares during the last quarter.

GE Vernova Trading Up 0.0%

Shares of NYSE GEV opened at $991.80 on Monday. The firm’s 50-day moving average price is $847.25 and its 200-day moving average price is $702.58. GE Vernova Inc. has a 1-year low of $306.00 and a 1-year high of $999.43. The firm has a market capitalization of $266.66 billion, a P/E ratio of 55.72, a P/E/G ratio of 3.90 and a beta of 1.43.

GE Vernova (NYSE:GEV) last announced its quarterly earnings data on Wednesday, January 28th. The company reported $13.39 earnings per share for the quarter, beating the consensus estimate of $2.99 by $10.40. GE Vernova had a net margin of 12.83% and a return on equity of 46.91%. The firm had revenue of $10.96 billion for the quarter, compared to analyst estimates of $10.21 billion. During the same quarter in the prior year, the business earned $1.73 earnings per share. The business’s quarterly revenue was up 3.8% compared to the same quarter last year. Equities research analysts forecast that GE Vernova Inc. will post 6.59 EPS for the current year.

GE Vernova Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 14th. Investors of record on Tuesday, March 17th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Tuesday, March 17th. GE Vernova’s dividend payout ratio is currently 11.24%.

Analyst Ratings Changes

A number of analysts have commented on GEV shares. Susquehanna upped their price target on shares of GE Vernova from $820.00 to $1,080.00 and gave the company a “positive” rating in a research report on Thursday. BMO Capital Markets reaffirmed an “outperform” rating and set a $785.00 price target on shares of GE Vernova in a research report on Thursday, January 29th. Barclays upped their price target on shares of GE Vernova from $849.00 to $993.00 and gave the company an “overweight” rating in a research report on Wednesday, April 1st. Wall Street Zen raised shares of GE Vernova from a “hold” rating to a “buy” rating in a research report on Saturday, January 31st. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a $930.00 price target on shares of GE Vernova in a research report on Thursday, January 29th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $874.91.

GE Vernova News Roundup

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

• Positive Sentiment: Multiple analysts raised ratings/targets and estimates (Susquehanna, Barclays, Goldman Sachs, Erste), driving bullish investor sentiment and supporting higher price targets. GE Vernova (GEV) Stock Is Up, What You Need To Know
• Positive Sentiment: Strategic Europe expansion: signed an MoU with Hungary’s MVM to explore cooperation on generation and grid projects, reinforcing European growth optionality. GE Vernova’s Hungary MoU Adds To Europe Growth And Valuation Debate
• Positive Sentiment: Nuclear services foothold in Europe: Hitachi/GE Vernova signed a main services agreement with AFRY to advance deployment of the BWRX-300 SMR in Europe, expanding addressable markets for high-margin services. GE Vernova Extends Nuclear Ambitions In Europe With New SMR Services Deal
• Neutral Sentiment: Positive sector narrative and media coverage highlight accelerating demand (data center power, grid modernization), but several pieces also note a premium valuation that could temper near-term upside. GE Vernova Is In the Right Place at the Right Time
• Negative Sentiment: Lawsuit from Vineyard Wind seeking to block GE Vernova unit from abandoning work on a $4.5B offshore-wind farm — introduces legal, schedule and potential penalty risk at a high-profile project. Vineyard Wind sues GE Vernova to block it from abandoning work on wind farm
• Negative Sentiment: Short interest jumped ~22.8% in March to ~7.29M shares (≈2.7% of shares short), increasing days-to-cover to ~2.5 — a rise in bearish positioning that can amplify downside on negative news or sell-offs.

About GE Vernova

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.