GE Vernova Inc. $GEV Shares Sold by Axiom Investors LLC DE

Axiom Investors LLC DE cut its holdings in shares of GE Vernova Inc. (NYSE:GEV) by 59.0% during the fourth quarter, HoldingsChannel.com reports. The firm owned 237,197 shares of the company’s stock after selling 340,989 shares during the period. GE Vernova accounts for 1.4% of Axiom Investors LLC DE’s portfolio, making the stock its 18th biggest position. Axiom Investors LLC DE’s holdings in GE Vernova were worth $155,025,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of GE Vernova by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 25,023,625 shares of the company’s stock valued at $16,354,691,000 after acquiring an additional 208,162 shares during the period. State Street Corp increased its position in shares of 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 acquiring an additional 140,500 shares during the period. Geode Capital Management LLC increased its position 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 acquiring an additional 68,894 shares during the period. 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 increased its position 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 acquiring an additional 51,738 shares during the period.

GE Vernova News Roundup

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

• Positive Sentiment: GE Vernova’s Electrification business is showing strong momentum, with rising orders, revenue, and margins as grid expansion, AI data centers, and higher power demand boost demand for equipment and services. Is Electrification Becoming GE Vernova’s Most Valuable Business?
• Positive Sentiment: The company announced a new 3.8 MW onshore wind turbine and landed a 100 MW order from Powerica Limited, reinforcing its growth story in India’s renewable energy market. GE Vernova (GEV) Deepens its Commitment to India With a New Launch
• Positive Sentiment: Recent commentary continues to point to a strong long-term thesis for GEV, citing its leadership in power infrastructure and electrification tied to global energy transition trends. Is GE Vernova Inc. (GEV) A Good Stock To Buy Now?
• Neutral Sentiment: One article argues the stock is being re-evaluated after a 95% one-year surge and a recent pullback, suggesting the market is weighing valuation against strong fundamentals. Is It Time To Reassess GE Vernova (GEV) After Its 95% One Year Share Price Surge
• Neutral Sentiment: The latest market update simply notes that GEV has been trading lower than the broader market, without pointing to a new operational problem. GE Vernova (GEV) Sees a More Significant Dip Than Broader Market: Some Facts to Know
• Negative Sentiment: Despite strong fundamentals, the stock has recently cooled after a sharp run-up, and the market appears to be locking in gains while waiting for earnings growth to catch up with the valuation. GE Vernova (GEV) Stock Falls 11% Despite Record Earnings — Time to Buy the Dip?

GE Vernova Price Performance

Shares of GEV opened at $919.59 on Wednesday. The business’s 50-day moving average is $1,006.31 and its two-hundred day moving average is $826.35. The company has a market capitalization of $247.11 billion, a P/E ratio of 26.79, a P/E/G ratio of 3.46 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 Inc. has a fifty-two week low of $458.65 and a fifty-two week high of $1,181.95.

GE Vernova (NYSE:GEV) last posted its earnings results on Wednesday, April 22nd. The company reported $17.44 earnings per share (EPS) 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 for the quarter, compared to analyst estimates of $9.19 billion. During the same period in the prior year, the company posted $0.91 EPS. The company’s revenue for the quarter was up 17.0% on a year-over-year basis. Research analysts predict that GE Vernova Inc. will post 14.99 earnings per share for the current year.

GE Vernova Announces Dividend

The company 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 dividend of $0.50 per share. This represents a $2.00 annualized dividend 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 presently 5.83%.

Insider Activity

In other news, CEO Victor Abate sold 4,819 shares of the stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $948.08, for a total transaction of $4,568,797.52. Following the sale, the chief executive officer directly owned 1,835 shares of the company’s stock, valued at $1,739,726.80. This represents a 72.42% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Matthew Joseph Potvin sold 2,333 shares of the stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $1,059.09, for a total transaction of $2,470,856.97. Following the sale, 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 SEC filing for this sale provides additional information. Corporate insiders own 0.21% of the company’s stock.

Wall Street Analyst Weigh In

GEV has been the topic of several research reports. TD Cowen upped their target price on GE Vernova from $780.00 to $1,220.00 and gave the company a “buy” rating in a research report on Thursday, April 23rd. Citigroup increased their price target on GE Vernova from $779.00 to $1,110.00 and gave the stock a “neutral” rating in a research report on Monday, April 13th. Barclays increased their price target on GE Vernova from $993.00 to $1,250.00 and gave the stock an “overweight” rating in a research report on Thursday, April 23rd. Royal Bank Of Canada increased their price target on GE Vernova from $996.00 to $1,195.00 and gave the stock an “outperform” rating in a research report on Thursday, April 23rd. Finally, Wells Fargo & Company increased their price target on GE Vernova from $831.00 to $896.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 31st. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, GE Vernova has an average rating of “Moderate Buy” and an average target price 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.