Cibc World Market Inc. Increases Holdings in GE Vernova Inc. $GEV

Cibc World Market Inc. increased its position in GE Vernova Inc. (NYSE:GEV) by 1.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 72,888 shares of the company’s stock after buying an additional 1,005 shares during the quarter. Cibc World Market Inc.’s holdings in GE Vernova were worth $47,637,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Norges Bank bought a new position in shares of GE Vernova during the fourth quarter valued at about $2,283,114,000. Northwestern Mutual Wealth Management Co. lifted its stake in GE Vernova by 5,171.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,452,858 shares of the company’s stock worth $1,603,114,000 after acquiring an additional 2,406,326 shares during the period. Capital World Investors boosted its holdings in GE Vernova by 1,907.5% in the third quarter. Capital World Investors now owns 2,156,197 shares of the company’s stock valued at $1,325,842,000 after acquiring an additional 2,048,792 shares in the last quarter. Franklin Resources Inc. boosted its holdings in GE Vernova by 170.0% in the third quarter. Franklin Resources Inc. now owns 1,175,729 shares of the company’s stock valued at $722,956,000 after acquiring an additional 740,339 shares in the last quarter. Finally, Jennison Associates LLC boosted its holdings in GE Vernova by 1,300.4% in the fourth quarter. Jennison Associates LLC now owns 647,791 shares of the company’s stock valued at $423,377,000 after acquiring an additional 601,533 shares in the last quarter.

Key Headlines Impacting GE Vernova

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

• Positive Sentiment: GE Vernova won a 100 MW wind turbine contract from Powerica Limited in India, supplying 28 turbines for a Gujarat wind farm. The deal is notable because it marks the first deployment of GE Vernova’s 3.8 MW turbine model in the Indian market, supporting its renewable-energy growth story. GE Vernova to supply 28 wind turbines for Powerica’s Gujarat project
• Positive Sentiment: Recent market commentary continues to frame GEV as a beneficiary of AI-driven power demand, with potential upside from stronger demand for gas turbines, grid equipment, and nuclear-related power infrastructure. Watch 3 AI-Powered Nuclear Energy OEMs Amid Double-Digit Price Upside
• Positive Sentiment: Analysts have also pointed to a global gas turbine supply crunch that could help GE Vernova’s backlog and pricing power as utilities lock in capacity further in advance. Can GE Vernova Benefit From the Global Gas Turbine Supply Crunch?
• Neutral Sentiment: Investors are still balancing strong earnings, improving free cash flow, and new business wins against wind, grid, tariff, and regulatory headwinds. Can GE Vernova (GEV) Power AI Data Center Demand While Managing Wind and Grid Headwinds?
• Negative Sentiment: CEO Victor Abate sold 4,819 shares in a disclosed SEC filing, which can pressure sentiment even though it was a relatively small transaction compared with GE Vernova’s overall market value. SEC Form 4 filing
• Negative Sentiment: Mizuho Securities reportedly maintained a Hold view on GE Vernova, which may be limiting bullish enthusiasm near recent highs. GE Vernova Inc. (GEV) Gets a Hold from Mizuho Securities

Insider Buying and Selling at GE Vernova

In other news, CEO Victor Abate sold 4,819 shares of the firm’s stock in a transaction on 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 completion of the transaction, the chief executive officer directly owned 1,835 shares in the company, valued at $1,739,726.80. This trade represents a 72.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Matthew Joseph Potvin sold 2,333 shares of GE Vernova 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 of the company’s stock, valued at approximately $3,758,710.41. This represents a 39.66% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.21% of the stock is owned by company insiders.

GE Vernova Price Performance

Shares of NYSE GEV opened at $963.70 on Friday. The company has a 50 day simple moving average of $1,003.51 and a two-hundred day simple moving average of $818.87. GE Vernova Inc. has a fifty-two week low of $458.65 and a fifty-two week high of $1,181.95. The company has a market capitalization of $258.96 billion, a price-to-earnings ratio of 28.07, a P/E/G ratio of 3.59 and a beta of 1.23. 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) last posted its quarterly earnings results 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 return on equity of 43.97% and a net margin of 23.81%.The company had revenue of $9.34 billion for the quarter, compared to the consensus estimate of $9.19 billion. During the same quarter in the prior year, the business posted $0.91 EPS. The firm’s quarterly revenue was up 17.0% compared to the same quarter last year. Analysts expect that GE Vernova Inc. will post 14.84 EPS for the current fiscal year.

GE Vernova Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 14th. Stockholders of record on Tuesday, June 16th will be paid 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 of this dividend is Tuesday, June 16th. GE Vernova’s dividend payout ratio is currently 5.83%.

Analyst Ratings Changes

Several research analysts have commented on GEV shares. BMO Capital Markets upped their price objective on shares of GE Vernova from $1,110.00 to $1,250.00 and gave the stock an “outperform” rating in a report on Thursday, April 23rd. Robert W. Baird boosted 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 report on Thursday, April 23rd. Argus set a $1,300.00 price target on shares of GE Vernova in a research note on Monday, April 27th. Oppenheimer set a $1,303.00 price objective on shares of GE Vernova in a report on Thursday, April 23rd. Finally, Jefferies Financial Group upped their target price on GE Vernova from $965.00 to $1,350.00 and gave the stock a “buy” rating in a report on Friday, April 24th. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $1,090.76.

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.