BCS Wealth Management Lowers Stake in GE Vernova Inc. $GEV

BCS Wealth Management reduced its position in GE Vernova Inc. (NYSE:GEV) by 50.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 563 shares of the company’s stock after selling 564 shares during the quarter. BCS Wealth Management’s holdings in GE Vernova were worth $491,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of GEV. Bell Investment Advisors Inc lifted its stake in shares of GE Vernova by 5.2% during the 1st quarter. Bell Investment Advisors Inc now owns 221 shares of the company’s stock valued at $193,000 after buying an additional 11 shares in the last quarter. Sky Investment Group LLC increased its stake in GE Vernova by 0.5% in the 1st quarter. Sky Investment Group LLC now owns 2,405 shares of the company’s stock worth $2,099,000 after buying an additional 12 shares in the last quarter. RFG Advisory LLC increased its stake in GE Vernova by 2.1% in the 4th quarter. RFG Advisory LLC now owns 634 shares of the company’s stock worth $414,000 after buying an additional 13 shares in the last quarter. BlackDiamond Wealth Management LLC increased its stake in GE Vernova by 2.8% in the 4th quarter. BlackDiamond Wealth Management LLC now owns 471 shares of the company’s stock worth $308,000 after buying an additional 13 shares in the last quarter. Finally, Murphy & Mullick Capital Management Corp raised its holdings in GE Vernova by 1.0% during the first quarter. Murphy & Mullick Capital Management Corp now owns 1,374 shares of the company’s stock valued at $1,199,000 after acquiring an additional 13 shares during the period.

Insider Activity at GE Vernova

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

GE Vernova Stock Up 2.0%

GEV opened at $1,055.68 on Thursday. The firm 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 52 week low of $482.20 and a 52 week high of $1,181.95. The company has a market capitalization of $283.68 billion, a PE ratio of 30.75, a price-to-earnings-growth ratio of 3.83 and a beta of 1.23. The company has a quick ratio of 0.65, a current ratio of 0.89 and a debt-to-equity ratio of 0.19.

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

GE Vernova Announces Dividend

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

GE Vernova News Summary

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

Analyst Ratings Changes

Several equities analysts have recently commented on GEV shares. Argus set a $1,300.00 price objective on GE Vernova in a research report on Monday, April 27th. Royal Bank Of Canada increased their target price 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. BMO Capital Markets lifted their target price on GE Vernova from $1,110.00 to $1,250.00 and gave the company an “outperform” rating in a research note on Thursday, April 23rd. Rothschild & Co Redburn raised GE Vernova from a “sell” rating to a “buy” rating and boosted their price target for the stock from $560.00 to $1,100.00 in a report on Monday, March 9th. Finally, TD Cowen upped their price target on GE Vernova from $780.00 to $1,220.00 and gave the stock a “buy” rating in a research note on Thursday, April 23rd. Three analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the company 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.