Baader Bank Aktiengesellschaft bought a new position in GE Vernova Inc. (NYSE:GEV – Free Report) during the first quarter, HoldingsChannel.com reports. The fund bought 754 shares of the company’s stock, valued at approximately $658,000.
Several other hedge funds have also recently made changes to their positions in GEV. Cornerstone Financial Management LLC purchased a new position in shares of GE Vernova in the 4th quarter worth approximately $25,000. Wealth Watch Advisors INC bought a new position in shares of GE Vernova during the 3rd quarter valued at approximately $25,000. Torren Management LLC purchased a new stake in GE Vernova during the 4th quarter valued at $26,000. Manning & Napier Advisors LLC lifted its position in GE Vernova by 68.4% in the first quarter. Manning & Napier Advisors LLC now owns 32 shares of the company’s stock worth $26,000 after buying an additional 13 shares during the last quarter. Finally, ORG Wealth Partners LLC lifted its position in GE Vernova by 241.7% in the fourth quarter. ORG Wealth Partners LLC now owns 41 shares of the company’s stock worth $27,000 after buying an additional 29 shares during the last quarter.
GE Vernova Price Performance
GEV opened at $1,075.19 on Wednesday. The business’s 50-day moving average is $1,037.70 and its two-hundred day moving average is $916.52. GE Vernova Inc. has a 1 year low of $530.16 and a 1 year high of $1,195.94. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.89 and a quick ratio of 0.65. The firm has a market capitalization of $288.92 billion, a PE ratio of 31.32, a price-to-earnings-growth ratio of 3.98 and a beta of 1.09.
GE Vernova Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 14th. Stockholders of record on Tuesday, June 16th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Tuesday, June 16th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.2%. GE Vernova’s payout ratio is 5.83%.
Analyst Upgrades and Downgrades
GEV has been the topic of a number of recent analyst reports. Argus set a $1,300.00 price objective on shares of GE Vernova in a research report on Monday, April 27th. Weiss Ratings raised GE Vernova from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, April 24th. Erste Group Bank upgraded GE Vernova to a “strong-buy” rating in a report on Tuesday, March 24th. Susquehanna set a $1,300.00 price target on GE Vernova in a report on Thursday, April 23rd. Finally, Guggenheim raised their price target on GE Vernova from $910.00 to $1,300.00 and gave the stock a “buy” rating in a research note on Thursday, April 23rd. Three investment analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, GE Vernova presently has an average rating of “Moderate Buy” and an average target price of $1,089.88.
Check Out Our Latest Report on GE Vernova
Insider Buying and Selling at GE Vernova
In other news, CAO Matthew Joseph Potvin sold 2,333 shares of the firm’s 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 in the company, valued at $3,758,710.41. This trade represents a 39.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Victor Abate sold 4,819 shares of GE Vernova stock in a transaction that occurred 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. The trade was a 72.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.21% of the stock is owned by corporate insiders.
GE Vernova News Summary
Here are the key news stories impacting GE Vernova this week:
- Positive Sentiment: Investors are bullish on GE Vernova’s role in powering AI data centers and the broader electrification buildout, with multiple reports highlighting strong demand for turbines and grid equipment. AI Data Centers Need Power, and These 2 Industrials Are Cashing In
- Positive Sentiment: Several articles say GE Vernova heads into earnings with a robust backlog, including sold-out gas turbine capacity and bookings extending into 2027, which supports near-term revenue visibility. GE Vernova: The Hidden AI Play That Has Few Growth Headwinds
- Positive Sentiment: Wall Street coverage remains constructive, with brokerages assigning an average “Moderate Buy” rating, and commentary suggesting analysts still see upside despite the stock’s strong run. GE Vernova Inc. Receives Average Rating of “Moderate Buy” from Brokerages
- Neutral Sentiment: Investors are also focused on analyst estimates and key operating metrics for the upcoming quarter, as the company’s valuation has climbed sharply and markets want confirmation that growth is keeping pace.
- Neutral Sentiment: Several pieces debate whether GE Vernova still deserves a premium valuation after a huge run, suggesting the stock may remain volatile around earnings as expectations are now high.
- Negative Sentiment: The biggest near-term risk is earnings disappointment: with shares already up sharply over the past year, any miss on margins, orders, or backlog commentary could pressure the stock if management does not reinforce the growth story.
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.
Read More
- Five stocks we like better than GE Vernova
- Confidence Is Back, But Earnings Show the Consumer Is Being Picky
- AeroVironment’s Stock Is Down, But Drone Demand Is Taking Off
- 3M’s Redemption Arc: Can Q2 Earnings Change the Narrative?
- 3 Photonics Companies Making Quantum Tech Possible
Want to see what other hedge funds are holding GEV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for GE Vernova Inc. (NYSE:GEV – Free Report).
Receive News & Ratings for GE Vernova Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GE Vernova and related companies with MarketBeat.com's FREE daily email newsletter.
