Allspring Global Investments Holdings LLC Purchases 4,827 Shares of GE Vernova Inc. $GEV

Allspring Global Investments Holdings LLC lifted its position in shares of GE Vernova Inc. (NYSE:GEV) by 7.3% during the first quarter, Holdings Channel reports. The institutional investor owned 70,692 shares of the company’s stock after purchasing an additional 4,827 shares during the period. Allspring Global Investments Holdings LLC’s holdings in GE Vernova were worth $63,254,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of GEV. One Day In July LLC raised its holdings in GE Vernova by 5.4% during the first quarter. One Day In July LLC now owns 582 shares of the company’s stock valued at $508,000 after acquiring an additional 30 shares during the period. Thayer Partners LLC MA lifted its position in shares of GE Vernova by 1.1% in the first quarter. Thayer Partners LLC MA now owns 1,956 shares of the company’s stock valued at $1,707,000 after acquiring an additional 21 shares in the last quarter. Independent Financial Group LLC bought a new position in shares of GE Vernova in the first quarter worth about $6,181,000. Enterprise Financial Services Corp boosted its stake in shares of GE Vernova by 2.7% in the first quarter. Enterprise Financial Services Corp now owns 904 shares of the company’s stock worth $789,000 after acquiring an additional 24 shares during the period. Finally, Prosperity Consulting Group LLC grew its position in shares of GE Vernova by 8.0% during the first quarter. Prosperity Consulting Group LLC now owns 1,977 shares of the company’s stock worth $1,726,000 after purchasing an additional 146 shares in the last quarter.

GE Vernova Trading Up 2.1%

GEV opened at $1,058.44 on Friday. The stock has a 50-day moving average of $1,037.54 and a 200 day moving average of $908.87. The company has a current ratio of 0.89, a quick ratio of 0.65 and a debt-to-equity ratio of 0.19. GE Vernova Inc. has a 12 month low of $530.16 and a 12 month high of $1,195.94. The firm has a market cap of $284.42 billion, a P/E ratio of 30.83, a P/E/G ratio of 3.90 and a beta of 1.09.

GE Vernova (NYSE:GEV) last issued its quarterly earnings data 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. The business had revenue of $9.34 billion for the quarter, compared to the consensus estimate of $9.19 billion. GE Vernova had a return on equity of 43.97% and a net margin of 23.81%.The company’s quarterly revenue was up 17.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.91 earnings per share. As a group, research analysts forecast that GE Vernova Inc. will post 15.06 EPS for the current year.

GE Vernova Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 14th. Shareholders of record on Tuesday, June 16th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend was Tuesday, June 16th. GE Vernova’s payout ratio is presently 5.83%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on GEV. Argus set a $1,300.00 target price on GE Vernova in a research note on Monday, April 27th. Sanford C. Bernstein assumed coverage on GE Vernova in a research note on Tuesday, June 16th. They issued an “outperform” rating and a $1,206.00 price target for the company. Barclays increased their price objective on shares of GE Vernova from $993.00 to $1,250.00 and gave the company an “overweight” rating in a report on Thursday, April 23rd. Susquehanna set a $1,300.00 price objective on shares of GE Vernova in a research report on Thursday, April 23rd. Finally, The Goldman Sachs Group reissued a “buy” rating and issued a $1,328.00 target price on shares of GE Vernova in a report on Friday, April 24th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $1,089.88.

Insiders Place Their Bets

In other news, CEO Victor Abate sold 4,819 shares of the firm’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $948.08, for a total value of $4,568,797.52. Following the completion of the sale, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 transaction of $2,470,856.97. Following 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.21% of the company’s stock.

More GE Vernova News

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

• Positive Sentiment: Erste Group Bank raised its FY2027 EPS estimate for GE Vernova and kept a Strong-Buy rating, reinforcing the view that earnings could keep growing over the next few years.
• Positive Sentiment: Bernstein recently initiated coverage with an Outperform rating and a $1,206 price target, citing GE Vernova’s position to benefit from global energy trends and power demand from AI data centers. Article Title
• Positive Sentiment: Investors are focusing on the company’s large backlog, raised revenue and free cash flow guidance, and major investment plan of $11 billion in capex and R&D through 2028, which signals confidence in long-term demand. Article Title
• Neutral Sentiment: GE Vernova is also benefiting from broader market interest in AI and energy infrastructure stocks, especially with major catalysts like Google’s earnings and capex guidance potentially influencing the whole sector. Article Title
• Neutral Sentiment: Recent articles also show investors heavily searching the stock, suggesting strong attention ahead of earnings, though not necessarily a new fundamental catalyst. Article Title
• Negative Sentiment: One recent note highlighted conflicting analyst views on GE Vernova, which may temper enthusiasm if investors become more cautious into earnings. Article Title

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.