Allen Investment Management LLC Purchases 3,837 Shares of GE Vernova Inc. $GEV

Allen Investment Management LLC increased its position in shares of GE Vernova Inc. (NYSE:GEV) by 1.0% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 399,521 shares of the company’s stock after buying an additional 3,837 shares during the quarter. GE Vernova makes up 2.9% of Allen Investment Management LLC’s investment portfolio, making the stock its 11th largest holding. Allen Investment Management LLC’s holdings in GE Vernova were worth $261,115,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of GE Vernova by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 25,023,625 shares of the company’s stock worth $16,354,691,000 after buying an additional 208,162 shares during the period. State Street Corp boosted its holdings in GE Vernova by 1.3% in the 3rd quarter. State Street Corp now owns 11,238,278 shares of the company’s stock valued at $6,910,417,000 after purchasing an additional 140,500 shares during the period. Geode Capital Management LLC raised its stake in shares of GE Vernova by 1.1% in the 4th quarter. Geode Capital Management LLC now owns 6,249,193 shares of the company’s stock valued at $4,074,039,000 after buying an additional 68,894 shares in the last quarter. Norges Bank acquired a new position in shares of GE Vernova in the 4th quarter valued at $2,283,114,000. Finally, Northern Trust Corp raised its stake in shares of GE Vernova by 1.8% in the 3rd quarter. Northern Trust Corp now owns 2,877,458 shares of the company’s stock valued at $1,769,349,000 after buying an additional 51,738 shares in the last quarter.

Trending Headlines about GE Vernova

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

• Positive Sentiment: Wall Street commentary remained constructive, with GE Vernova described as “absolutely terrific” by Jim Cramer, while brokerage sentiment also pointed to an average “Moderate Buy” rating. Jim Cramer Believes “GE Vernova Is Absolutely Terrific”
• Positive Sentiment: The company announced an acquisition of Robotech Automation, a move aimed at expanding robotics and automation capabilities in manufacturing and grid solutions, which could support long-term efficiency and margin improvement. GE Vernova Acquires Robotech Automation to Accelerate Robotics and Automation Capabilities
• Neutral Sentiment: Management also highlighted broader operational themes around data-center build challenges, including tariffs and state-level pushback, which investors may view as a reminder that demand growth could face execution hurdles. GE Vernova CEO sends rattling message on data centers
• Negative Sentiment: A Massachusetts judge refused to lift an order requiring GE Vernova to keep working on the New England offshore wind project and declined to send the dispute with Vineyard Wind to arbitration, keeping legal and project-risk concerns in focus. GE Vernova loses renewed bid to end work on New England wind farm

Wall Street Analyst Weigh In

Several brokerages recently issued reports on GEV. Weiss Ratings raised shares of GE Vernova from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, April 24th. Barclays raised their price objective on shares of GE Vernova from $993.00 to $1,250.00 and gave the company an “overweight” rating in a research report on Thursday, April 23rd. Argus set a $1,300.00 price objective on shares of GE Vernova in a research report on Monday, April 27th. BMO Capital Markets raised their price objective on shares of GE Vernova from $1,110.00 to $1,250.00 and gave the company an “outperform” rating in a research report on Thursday, April 23rd. Finally, The Goldman Sachs Group reiterated a “buy” rating and set a $1,328.00 price target on shares of GE Vernova in a research report on Friday, April 24th. 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 stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,090.76.

Insider Activity at GE Vernova

In other 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 value of $2,470,856.97. Following the completion of the transaction, the chief accounting officer 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.21% of the company’s stock.

GE Vernova Trading Down 1.8%

GEV stock opened at $950.65 on Tuesday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.65 and a current ratio of 0.89. The company’s 50-day simple moving average is $998.51 and its 200 day simple moving average is $810.55. GE Vernova Inc. has a 52 week low of $458.65 and a 52 week high of $1,181.95. The company has a market capitalization of $255.46 billion, a PE ratio of 27.69, a price-to-earnings-growth ratio of 3.63 and a beta of 1.24.

GE Vernova (NYSE:GEV) last posted its quarterly earnings data on Wednesday, April 22nd. The company reported $17.44 earnings per share for the quarter, topping the consensus estimate of $1.95 by $15.49. GE Vernova had a net margin of 23.81% and a return on equity of 43.97%. The business had revenue of $9.34 billion during the quarter, compared to analysts’ expectations of $9.19 billion. During the same quarter in the prior year, the business posted $0.91 earnings per share. GE Vernova’s revenue was up 17.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that GE Vernova Inc. will post 14.84 earnings per share for the current year.

GE Vernova Dividend Announcement

The company 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 annualized dividend and a yield of 0.2%. GE Vernova’s dividend payout ratio is currently 5.83%.

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.