Banque Cantonale Vaudoise Sells 1,081 Shares of GE Vernova Inc. $GEV

Banque Cantonale Vaudoise trimmed its position in shares of GE Vernova Inc. (NYSE:GEV) by 8.7% in the 1st quarter, HoldingsChannel.com reports. The fund owned 11,375 shares of the company’s stock after selling 1,081 shares during the quarter. Banque Cantonale Vaudoise’s holdings in GE Vernova were worth $9,929,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Brighton Jones LLC boosted its holdings in GE Vernova by 29.4% in the fourth quarter. Brighton Jones LLC now owns 3,315 shares of the company’s stock valued at $1,091,000 after acquiring an additional 753 shares in the last quarter. Schnieders Capital Management LLC. increased its position in shares of GE Vernova by 1.7% during the second quarter. Schnieders Capital Management LLC. now owns 1,564 shares of the company’s stock valued at $828,000 after buying an additional 26 shares during the period. Jump Financial LLC purchased a new position in shares of GE Vernova during the second quarter valued at about $258,000. Ossiam bought a new position in GE Vernova in the second quarter worth about $42,000. Finally, Nebula Research & Development LLC raised its stake in GE Vernova by 23.9% in the second quarter. Nebula Research & Development LLC now owns 1,674 shares of the company’s stock worth $886,000 after buying an additional 323 shares in the last quarter.

Insider Activity at GE Vernova

In related news, CAO Matthew Joseph Potvin sold 2,333 shares of the company’s stock in a transaction that occurred on 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 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 transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Victor Abate sold 4,819 shares of the firm’s stock in a transaction that occurred 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 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 position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.21% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. BMO Capital Markets raised their price objective on shares of GE Vernova from $1,110.00 to $1,250.00 and gave the stock an “outperform” rating in a report on Thursday, April 23rd. Wells Fargo & Company increased their target price on GE Vernova from $831.00 to $896.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 31st. Sanford C. Bernstein assumed coverage on GE Vernova in a research report on Tuesday, June 16th. They issued an “outperform” rating and a $1,206.00 target price for the company. Weiss Ratings upgraded GE Vernova from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, April 24th. Finally, Zacks Research lowered GE Vernova from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 28th. Three 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. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $1,089.88.

Key GE Vernova News

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 Trading Up 2.0%

Shares of NYSE GEV opened at $1,055.68 on Thursday. GE Vernova Inc. has a 1 year low of $482.20 and a 1 year high of $1,181.95. The stock has a market cap of $283.68 billion, a P/E ratio of 30.75, a price-to-earnings-growth ratio of 3.83 and a beta of 1.23. The firm has a 50-day moving average of $1,028.09 and a 200 day moving average of $859.51. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.89 and a quick ratio of 0.65.

GE Vernova (NYSE:GEV) last announced its quarterly earnings data on Wednesday, April 22nd. The company reported $17.44 earnings per share for the quarter, topping 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 business had revenue of $9.34 billion for the quarter, compared to analysts’ expectations of $9.19 billion. During the same quarter in the prior year, the company earned $0.91 earnings per share. The business’s revenue was up 17.0% compared to the same quarter last year. As a group, sell-side analysts expect that GE Vernova Inc. will post 14.99 EPS for the current fiscal year.

GE Vernova Dividend Announcement

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

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.