GE Vernova Inc. $GEV Stake Lowered by Sharpepoint LLC

Sharpepoint LLC cut its stake in GE Vernova Inc. (NYSE:GEV) by 13.7% during the first quarter, HoldingsChannel reports. The fund owned 7,057 shares of the company’s stock after selling 1,118 shares during the quarter. GE Vernova comprises approximately 3.7% of Sharpepoint LLC’s holdings, making the stock its 4th biggest position. Sharpepoint LLC’s holdings in GE Vernova were worth $6,160,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of GEV. Onyx Bridge Wealth Group LLC boosted its position in GE Vernova by 1.3% during the first quarter. Onyx Bridge Wealth Group LLC now owns 727 shares of the company’s stock valued at $635,000 after purchasing an additional 9 shares during the last quarter. Red Door Wealth Management LLC increased its position in GE Vernova by 0.6% in the 1st quarter. Red Door Wealth Management LLC now owns 1,774 shares of the company’s stock worth $1,548,000 after purchasing an additional 10 shares during the last quarter. Advance Capital Management Inc. increased its position in GE Vernova by 2.2% in the 1st quarter. Advance Capital Management Inc. now owns 461 shares of the company’s stock worth $402,000 after purchasing an additional 10 shares during the last quarter. Bell Investment Advisors Inc raised 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 worth $193,000 after purchasing an additional 11 shares in the last quarter. Finally, Sky Investment Group LLC lifted its holdings in shares of GE Vernova by 0.5% during the 1st 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.

Key GE Vernova News

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

• Positive Sentiment: Morgan Stanley reportedly named GE Vernova as a top pick into earnings, citing expectations for strong quarterly results and favorable setup heading into the July 22 report. Buy GE Vernova, Lam Research, United Airlines stocks: Morgan Stanley
• Positive Sentiment: Multiple articles highlighted GE Vernova as a beneficiary of surging AI-driven electricity demand, especially from data centers, which could support order growth and revenue in its grid and power businesses. Buy 3 High-Flying Alternative Energy Stocks to Tap AI Data Center Boom
• Positive Sentiment: Commentary ahead of earnings says GE Vernova’s Power and Electrification segments remain strong, and one report pointed to an order-book edge that may have investors viewing the company as ahead of peers. Here’s Why GE Vernova Is a No-Brainer Buy Before July 22 Earnings
• Neutral Sentiment: Several previews warned that GEV may not have the ideal setup for an earnings beat, suggesting expectations are elevated and the stock could react sharply if results or guidance disappoint. GE Vernova (GEV) Earnings Expected to Grow: What to Know Ahead of Next Week’s Release
• Neutral Sentiment: One article said GE Vernova is still facing persistent pressure in its Wind business, which may offset some of the bullishness from its other segments. Is GEV Stock a Smart Investment Option Before Q2 Earnings Release?
• Negative Sentiment: Fubon Securities issued a Hold rating, a reminder that not all analysts are fully bullish on GE Vernova at current levels. GE Vernova Inc. (GEV) Gets a Hold from Fubon Securities

Insider Buying and Selling at GE Vernova

In related news, CEO Victor Abate sold 4,819 shares of GE Vernova 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 transaction, the chief executive officer owned 1,835 shares in the company, valued at $1,739,726.80. This trade represents a 72.42% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 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 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 position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.21% of the company’s stock.

Wall Street Analysts Forecast Growth

GEV has been the subject of a number of analyst reports. Guggenheim lifted their target price on shares of GE Vernova from $910.00 to $1,300.00 and gave the company a “buy” rating in a research note on Thursday, April 23rd. JPMorgan Chase & Co. raised their price target on shares of GE Vernova from $1,000.00 to $1,150.00 and gave the company an “overweight” rating in a report on Thursday, April 16th. Robert W. Baird lifted their price objective on shares of GE Vernova from $1,008.00 to $1,400.00 and gave the company an “outperform” rating in a research note on Thursday, April 23rd. Susquehanna set a $1,300.00 price objective on shares of GE Vernova in a report on Thursday, April 23rd. Finally, TD Cowen increased their target price on shares of GE Vernova from $780.00 to $1,220.00 and gave the stock a “buy” rating in a research report on Thursday, April 23rd. Three equities research 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 stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $1,089.88.

GE Vernova Stock Down 1.2%

Shares of GE Vernova stock opened at $1,053.31 on Thursday. GE Vernova Inc. has a 12-month low of $530.16 and a 12-month high of $1,195.94. The company has a quick ratio of 0.65, a current ratio of 0.89 and a debt-to-equity ratio of 0.19. The stock has a 50 day moving average price of $1,037.38 and a two-hundred day moving average price of $905.20. The stock has a market capitalization of $283.04 billion, a P/E ratio of 30.68, a PEG ratio of 3.93 and a beta of 1.09.

GE Vernova (NYSE:GEV) last released its quarterly earnings results on Wednesday, April 22nd. The company reported $17.44 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 company had revenue of $9.34 billion for the quarter, compared to analyst estimates of $9.19 billion. During the same quarter last year, the firm posted $0.91 earnings per share. The company’s quarterly revenue was up 17.0% compared to the same quarter last year. Equities analysts expect that GE Vernova Inc. will post 15.06 earnings per share for the current year.

GE Vernova Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 14th. Investors of record on Tuesday, June 16th were paid a $0.50 dividend. The ex-dividend date was 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 (DPR) is presently 5.83%.

GE Vernova 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.