SteelPeak Wealth LLC Has $3.68 Million Stock Holdings in GE Vernova Inc. $GEV

SteelPeak Wealth LLC raised its position in GE Vernova Inc. (NYSE:GEV) by 304.0% during the 1st quarter, HoldingsChannel reports. The fund owned 4,210 shares of the company’s stock after buying an additional 3,168 shares during the quarter. SteelPeak Wealth LLC’s holdings in GE Vernova were worth $3,676,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in GEV. World Investment Advisors grew its holdings in shares of GE Vernova by 19.9% in the 4th quarter. World Investment Advisors now owns 13,497 shares of the company’s stock valued at $8,821,000 after acquiring an additional 2,241 shares in the last quarter. Merit Financial Group LLC increased its position in shares of GE Vernova by 17.4% in the fourth quarter. Merit Financial Group LLC now owns 15,080 shares of the company’s stock valued at $9,856,000 after acquiring an additional 2,230 shares during the last quarter. Vest Financial LLC raised its holdings in GE Vernova by 56.7% during the fourth quarter. Vest Financial LLC now owns 66,191 shares of the company’s stock worth $43,260,000 after acquiring an additional 23,956 shares in the last quarter. Riverbend Wealth Management LLC bought a new stake in GE Vernova during the fourth quarter worth about $567,000. Finally, RiverFront Investment Group LLC boosted its position in GE Vernova by 239.2% during the fourth quarter. RiverFront Investment Group LLC now owns 2,191 shares of the company’s stock valued at $1,432,000 after purchasing an additional 1,545 shares during the last quarter.

Insider Buying and Selling at GE Vernova

In other news, CEO Victor Abate sold 4,819 shares of the 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 transaction, the chief executive officer directly owned 1,835 shares of the company’s stock, valued at $1,739,726.80. This represents a 72.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 transaction of $2,470,856.97. Following the sale, the chief accounting officer 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. The SEC filing for this sale provides additional information. 0.21% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Wells Fargo & Company raised their price target on GE Vernova from $831.00 to $896.00 and gave the company an “overweight” rating in a research note on Tuesday, March 31st. Susquehanna set a $1,300.00 price objective on GE Vernova in a report on Thursday, April 23rd. Weiss Ratings raised shares of GE Vernova from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, April 24th. Royal Bank Of Canada boosted their target price on shares of GE Vernova from $996.00 to $1,195.00 and gave the stock an “outperform” rating in a report on Thursday, April 23rd. Finally, Argus set a $1,300.00 target price on shares of GE Vernova in a report on Monday, April 27th. Three investment 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 company. According to data from MarketBeat.com, GE Vernova has an average rating of “Moderate Buy” and a consensus price target of $1,089.88.

GE Vernova News Summary

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

• Positive Sentiment: Morgan Stanley named GE Vernova a top pick heading into earnings, saying it could outperform as second-quarter results get underway thanks to expectations for strong quarterly performance.
• Positive Sentiment: Bernstein initiated coverage with an Outperform rating and a $1,206 price target, arguing GE Vernova is well positioned to benefit from global electrification, grid demand, and the AI power buildout. Why Wall Street Thinks GE Vernova (GEV) Is Built for the Next Energy Cycle
• Positive Sentiment: Multiple articles highlighted strong AI data center-driven power demand, robust Power and Electrification growth, and a large backlog, all of which support the company’s long-term earnings story.
• Neutral Sentiment: GE Vernova is drawing heavy investor attention ahead of its July 22 earnings release, with articles noting that expectations are high and the stock is being actively searched and discussed. Investors Heavily Search GE Vernova Inc. (GEV): Here is What You Need to Know
• Neutral Sentiment: Some analysts remain mixed, with one article noting conflicting sentiment across industrial goods names, suggesting the bullish thesis is not universally shared.
• Negative Sentiment: Articles also pointed to ongoing pressure in GE Vernova’s Wind segment and heavy spending plans, including $11 billion in capex and R&D through 2028, which may weigh on near-term margins and earnings visibility.

GE Vernova Stock Performance

GEV opened at $1,035.06 on Friday. GE Vernova Inc. has a 12-month low of $530.16 and a 12-month high of $1,195.94. The stock has a market cap of $278.14 billion, a price-to-earnings ratio of 30.15, a PEG ratio of 3.89 and a beta of 1.09. The business has a 50 day moving average of $1,037.19 and a 200-day moving average of $907.82. 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 posted its earnings results 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 return on equity of 43.97% and a net margin of 23.81%.The business had revenue of $9.34 billion for the quarter, compared to analyst estimates of $9.19 billion. During the same period in the previous year, the firm earned $0.91 EPS. The firm’s revenue was up 17.0% compared to the same quarter last year. On average, equities research analysts expect that GE Vernova Inc. will post 15.06 earnings per share for the current year.

GE Vernova Announces Dividend

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

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.