Kovack Advisors Inc. lifted its holdings in shares of GE Vernova Inc. (NYSE:GEV – Free Report) by 39.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,237 shares of the company’s stock after purchasing an additional 1,489 shares during the period. Kovack Advisors Inc.’s holdings in GE Vernova were worth $3,423,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently modified their holdings of the business. Sepio Capital LP acquired a new position in shares of GE Vernova during the fourth quarter worth $284,000. Meiji Yasuda America Inc bought a new position in GE Vernova during the fourth quarter worth $4,275,000. Nuveen LLC raised its stake in GE Vernova by 22.4% during the fourth quarter. Nuveen LLC now owns 2,021,010 shares of the company’s stock worth $1,320,872,000 after buying an additional 370,364 shares during the last quarter. Xponance LLC increased its stake in GE Vernova by 5.2% in the fourth quarter. Xponance LLC now owns 69,051 shares of the company’s stock valued at $45,130,000 after purchasing an additional 3,437 shares in the last quarter. Finally, Parnassus Investments LLC increased its stake in GE Vernova by 14.1% in the fourth quarter. Parnassus Investments LLC now owns 3,277 shares of the company’s stock valued at $2,142,000 after purchasing an additional 404 shares in the last quarter.
GE Vernova Stock Up 4.3%
GE Vernova stock opened at $904.16 on Friday. GE Vernova Inc. has a fifty-two week low of $474.21 and a fifty-two week high of $1,181.95. The stock has a market cap of $242.97 billion, a PE ratio of 26.34, a price-to-earnings-growth ratio of 3.21 and a beta of 1.23. The firm’s 50-day simple moving average is $1,007.95 and its 200 day simple moving average is $830.97. 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 Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 14th. Investors of record on Tuesday, June 16th will be issued a dividend of $0.50 per share. The ex-dividend date is Tuesday, June 16th. This represents a $2.00 annualized dividend and a yield of 0.2%. GE Vernova’s payout ratio is 5.83%.
Analyst Upgrades and Downgrades
GEV has been the subject of several research analyst reports. Robert W. Baird lifted their price target on shares of GE Vernova from $1,008.00 to $1,400.00 and gave the company an “outperform” rating in a research note on Thursday, April 23rd. BNP Paribas Exane downgraded shares of GE Vernova from an “outperform” rating to a “neutral” rating and set a $1,190.00 price target for the company. in a research note on Monday, April 27th. Susquehanna set a $1,300.00 price target on shares of GE Vernova in a research note on Thursday, April 23rd. Erste Group Bank raised shares of GE Vernova to a “strong-buy” rating in a research note on Tuesday, March 24th. Finally, Zacks Research downgraded shares of GE Vernova from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 28th. Two investment 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 company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,085.16.
Get Our Latest Research Report on GE Vernova
Insider Activity
In related news, CAO Matthew Joseph Potvin sold 2,333 shares of the business’s 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 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. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 transaction 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 trade represents a 72.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.21% of the stock is currently owned by insiders.
Key Stories Impacting GE Vernova
Here are the key news stories impacting GE Vernova this week:
- Positive Sentiment: Erste Group Bank lifted its FY2027 earnings estimate for GE Vernova and kept a Strong-Buy rating, reinforcing optimism around future earnings growth.
- Positive Sentiment: A Benzinga report highlighted GE Vernova as a potential beneficiary of the U.S. Department of Energy’s new fusion-energy timeline, which could improve sentiment toward the company’s exposure to advanced energy infrastructure. Article Title
- Neutral Sentiment: Broader market headlines referenced energy-related moves and geopolitical risk, but these were not specific to GE Vernova’s fundamentals.
- Negative Sentiment: Recent market coverage also noted that GE Vernova had seen a short-term dip versus the broader market, suggesting some volatility may still be present. Article Title
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.
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