Assenagon Asset Management S.A. Acquires 95,946 Shares of GE Vernova Inc. $GEV

Assenagon Asset Management S.A. boosted its holdings in shares of GE Vernova Inc. (NYSE:GEV) by 1,008.4% in the first quarter, HoldingsChannel reports. The fund owned 105,461 shares of the company’s stock after acquiring an additional 95,946 shares during the period. Assenagon Asset Management S.A.’s holdings in GE Vernova were worth $92,057,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Bell Investment Advisors Inc boosted its position in shares of GE Vernova by 5.2% in the 1st quarter. Bell Investment Advisors Inc now owns 221 shares of the company’s stock worth $193,000 after purchasing an additional 11 shares in the last quarter. Sky Investment Group LLC raised its stake in GE Vernova by 0.5% during the first quarter. Sky Investment Group LLC now owns 2,405 shares of the company’s stock valued at $2,099,000 after buying an additional 12 shares during the last quarter. RFG Advisory LLC raised its stake in GE Vernova by 2.1% during the fourth quarter. RFG Advisory LLC now owns 634 shares of the company’s stock valued at $414,000 after buying an additional 13 shares during the last quarter. BlackDiamond Wealth Management LLC boosted its holdings in GE Vernova by 2.8% in the fourth quarter. BlackDiamond Wealth Management LLC now owns 471 shares of the company’s stock worth $308,000 after acquiring an additional 13 shares in the last quarter. Finally, Murphy & Mullick Capital Management Corp grew its stake in shares of GE Vernova by 1.0% in the first quarter. Murphy & Mullick Capital Management Corp now owns 1,374 shares of the company’s stock worth $1,199,000 after acquiring an additional 13 shares during the last quarter.

Insider Buying and Selling

In other GE Vernova news, CAO Matthew Joseph Potvin sold 2,333 shares of GE Vernova stock in a transaction that occurred on 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 sale, the chief accounting officer owned 3,549 shares of the company’s stock, valued at approximately $3,758,710.41. The trade was a 39.66% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Victor Abate sold 4,819 shares of the business’s stock in a transaction on 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 owned 1,835 shares of the company’s stock, valued at approximately $1,739,726.80. This represents a 72.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.21% of the company’s stock.

Trending Headlines about GE Vernova

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

• Positive Sentiment: GE Vernova is being highlighted as a key beneficiary of the AI data-center buildout, with multiple reports pointing to a “power supercycle” and strong demand for its gas turbines and grid solutions. AI Data Centers Are Driving a Power Supercycle. GE Vernova’s Gas Turbine Prices Are Up 300% in Three Years
• Positive Sentiment: The company introduced GridOS for Transmission and new AI whitepapers, reinforcing the view that GE Vernova is expanding its software and grid-optimization offerings as utilities modernize infrastructure. GE Vernova (GEV) Introduces GridOS for Transmission
• Positive Sentiment: Wall Street and market commentary continue to frame GEV as a high-conviction stock tied to the power needs of AI, with analysts pointing to favorable long-term demand trends for electricity generation and transmission. Best Nuclear and AI Energy Stocks to Buy Now and Hold : GEV, TLN
• Neutral Sentiment: Recent valuation-focused coverage suggests the stock’s big rally has already priced in some of the AI and power-growth optimism, so investors are debating how much upside is left. GE Vernova (GEV) Stock After 103% One-Year Rally Is There Upside Left
• Negative Sentiment: The stock also followed a broad market selloff in the prior session, when GEV fell more than the wider market, which may have created some volatility even amid strong longer-term fundamentals. GE Vernova (GEV) Falls More Steeply Than Broader Market: What Investors Need to Know

GE Vernova Price Performance

Shares of NYSE:GEV opened at $1,055.68 on Thursday. 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 firm has a market cap of $283.68 billion, a price-to-earnings ratio of 30.75, a price-to-earnings-growth ratio of 3.83 and a beta of 1.23. The business has a 50-day simple moving average of $1,028.09 and a two-hundred day simple moving average of $859.51. GE Vernova Inc. has a fifty-two week low of $482.20 and a fifty-two week high of $1,181.95.

GE Vernova (NYSE:GEV) last announced its quarterly earnings results on Wednesday, April 22nd. The company reported $17.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.95 by $15.49. GE Vernova had a net margin of 23.81% and a return on equity of 43.97%. The firm had revenue of $9.34 billion for the quarter, compared to the consensus estimate of $9.19 billion. During the same quarter last year, the firm posted $0.91 EPS. The business’s quarterly revenue was up 17.0% compared to the same quarter last year. On average, analysts expect that GE Vernova Inc. will post 14.99 earnings per share for the current year.

GE Vernova Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 14th. Investors of record on Tuesday, June 16th will be issued a $0.50 dividend. The ex-dividend date is Tuesday, June 16th. This represents a $2.00 annualized dividend and a yield of 0.2%. GE Vernova’s dividend payout ratio (DPR) is currently 5.83%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on GEV. JPMorgan Chase & Co. raised their price target on GE Vernova from $1,000.00 to $1,150.00 and gave the company an “overweight” rating in a report on Thursday, April 16th. Guggenheim increased their price objective on shares of GE Vernova from $910.00 to $1,300.00 and gave the company a “buy” rating in a research report on Thursday, April 23rd. The Goldman Sachs Group restated a “buy” rating and set a $1,328.00 price objective on shares of GE Vernova in a research note on Friday, April 24th. Jefferies Financial Group decreased their target price on shares of GE Vernova from $1,350.00 to $1,210.00 and set a “buy” rating for the company in a report on Thursday, June 11th. Finally, Royal Bank Of Canada upped their target price on shares of GE Vernova from $996.00 to $1,195.00 and gave the stock an “outperform” rating in a research note on Thursday, April 23rd. Three 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 data from MarketBeat.com, GE Vernova presently has a consensus rating of “Moderate Buy” and an average target price of $1,089.88.

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.