Parallel Advisors LLC Boosts Holdings in GE Vernova Inc. $GEV

Parallel Advisors LLC boosted its holdings in shares of GE Vernova Inc. (NYSE:GEV) by 16.2% in the first quarter, HoldingsChannel.com reports. The fund owned 13,595 shares of the company’s stock after buying an additional 1,895 shares during the quarter. Parallel Advisors LLC’s holdings in GE Vernova were worth $11,867,000 at the end of the most recent reporting period.

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

GE Vernova Stock Up 0.1%

Shares of NYSE:GEV opened at $1,058.44 on Monday. The company has a current ratio of 0.89, a quick ratio of 0.65 and a debt-to-equity ratio of 0.19. The firm has a market cap of $284.42 billion, a price-to-earnings ratio of 30.83, a PEG ratio of 3.90 and a beta of 1.09. The stock’s 50-day moving average price is $1,037.54 and its two-hundred day moving average price is $910.60. GE Vernova Inc. has a 12-month low of $530.16 and a 12-month high of $1,195.94.

GE Vernova (NYSE:GEV) last posted its quarterly earnings data on Wednesday, April 22nd. The company reported $17.44 EPS for the quarter, beating analysts’ consensus estimates of $1.95 by $15.49. The company had revenue of $9.34 billion during the quarter, compared to the consensus estimate of $9.19 billion. GE Vernova had a net margin of 23.81% and a return on equity of 43.97%. The company’s quarterly revenue was up 17.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.91 EPS. On average, research analysts forecast that GE Vernova Inc. will post 15.06 EPS for the current year.

GE Vernova Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on GEV shares. Barclays boosted their target price on shares of GE Vernova from $993.00 to $1,250.00 and gave the company an “overweight” rating in a research note 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. Argus set a $1,300.00 price target on shares of GE Vernova in a report on Monday, April 27th. Citigroup boosted their price objective on shares of GE Vernova from $779.00 to $1,110.00 and gave the company a “neutral” rating in a research report on Monday, April 13th. Finally, Susquehanna set a $1,300.00 price objective on shares of GE Vernova in a research note on Thursday, April 23rd. Three investment analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $1,089.88.

Key Stories Impacting GE Vernova

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

• Positive Sentiment: Erste Group Bank raised its FY2027 EPS estimate for GE Vernova and kept a Strong-Buy rating, reinforcing the view that earnings could keep growing over the next few years.
• Positive Sentiment: Bernstein recently initiated coverage with an Outperform rating and a $1,206 price target, citing GE Vernova’s position to benefit from global energy trends and power demand from AI data centers. Article Title
• Positive Sentiment: Investors are focusing on the company’s large backlog, raised revenue and free cash flow guidance, and major investment plan of $11 billion in capex and R&D through 2028, which signals confidence in long-term demand. Article Title
• Neutral Sentiment: GE Vernova is also benefiting from broader market interest in AI and energy infrastructure stocks, especially with major catalysts like Google’s earnings and capex guidance potentially influencing the whole sector. Article Title
• Neutral Sentiment: Recent articles also show investors heavily searching the stock, suggesting strong attention ahead of earnings, though not necessarily a new fundamental catalyst. Article Title
• Negative Sentiment: One recent note highlighted conflicting analyst views on GE Vernova, which may temper enthusiasm if investors become more cautious into earnings. Article Title

Insider Activity at GE Vernova

In related news, CEO Victor Abate sold 4,819 shares of the company’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 transaction of $4,568,797.52. Following the completion of the transaction, the chief executive officer owned 1,835 shares of the company’s stock, valued at approximately $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 SEC, which is accessible through this hyperlink. Also, CAO Matthew Joseph Potvin sold 2,333 shares of the 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 transaction of $2,470,856.97. Following the transaction, the chief accounting officer directly owned 3,549 shares in the company, 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. Corporate insiders own 0.21% of the company’s stock.

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.