Swiss National Bank Lowers Holdings in GE Vernova Inc. $GEV

Swiss National Bank decreased its holdings in GE Vernova Inc. (NYSE:GEV) by 5.2% in the 4th quarter, HoldingsChannel reports. The firm owned 745,965 shares of the company’s stock after selling 40,800 shares during the quarter. Swiss National Bank’s holdings in GE Vernova were worth $487,540,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Principal Securities Inc. boosted its stake in shares of GE Vernova by 28.2% in the fourth quarter. Principal Securities Inc. now owns 3,396 shares of the company’s stock valued at $2,220,000 after purchasing an additional 746 shares during the period. Aviva PLC boosted its stake in shares of GE Vernova by 7.6% in the fourth quarter. Aviva PLC now owns 234,682 shares of the company’s stock valued at $153,381,000 after purchasing an additional 16,572 shares during the period. Founders Financial Alliance LLC boosted its stake in shares of GE Vernova by 7.6% in the fourth quarter. Founders Financial Alliance LLC now owns 1,279 shares of the company’s stock valued at $836,000 after purchasing an additional 90 shares during the period. Banco BTG Pactual S.A. boosted its stake in shares of GE Vernova by 1,228.3% in the fourth quarter. Banco BTG Pactual S.A. now owns 7,000 shares of the company’s stock valued at $4,575,000 after purchasing an additional 6,473 shares during the period. Finally, Great Valley Advisor Group Inc. boosted its stake in shares of GE Vernova by 49.1% in the fourth quarter. Great Valley Advisor Group Inc. now owns 8,837 shares of the company’s stock valued at $5,775,000 after purchasing an additional 2,911 shares during the period.

GE Vernova Stock Up 4.3%

Shares of NYSE:GEV opened at $904.16 on Friday. The firm’s 50 day moving average price is $1,007.95 and its 200 day moving average price is $830.97. The stock has a market cap of $242.97 billion, a price-to-earnings ratio of 26.34, a price-to-earnings-growth ratio of 3.21 and a beta of 1.23. GE Vernova Inc. has a fifty-two week low of $474.21 and a fifty-two week high of $1,181.95. 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 earnings results on Wednesday, April 22nd. The company reported $17.44 earnings per share for the quarter, beating the consensus estimate of $1.95 by $15.49. The firm had revenue of $9.34 billion for the quarter, compared to analysts’ expectations of $9.19 billion. GE Vernova had a net margin of 23.81% and a return on equity of 43.97%. The firm’s revenue was up 17.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.91 earnings per share. As a group, equities research analysts predict that GE Vernova Inc. will post 14.99 earnings per share for the current fiscal year.

GE Vernova Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 14th. Shareholders of record on Tuesday, June 16th will be issued 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 (DPR) is presently 5.83%.

Insider Buying and Selling

In other GE Vernova news, 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 transaction of $4,568,797.52. Following the sale, the chief executive officer 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 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 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 sale, the chief accounting officer directly owned 3,549 shares in the company, valued at approximately $3,758,710.41. The trade was a 39.66% decrease in their position. The SEC filing for this sale provides additional information. 0.21% of the stock is currently owned by company insiders.

Trending Headlines about GE Vernova

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

• Positive Sentiment: Erste Group Bank lifted its FY2027 earnings estimate for GE Vernova and kept a Strong-Buy rating, reinforcing optimism around future earnings growth.
• Positive Sentiment: A Benzinga report highlighted GE Vernova as a potential beneficiary of the U.S. Department of Energy’s new fusion-energy timeline, which could improve sentiment toward the company’s exposure to advanced energy infrastructure. Article Title
• Neutral Sentiment: Broader market headlines referenced energy-related moves and geopolitical risk, but these were not specific to GE Vernova’s fundamentals.
• Negative Sentiment: Recent market coverage also noted that GE Vernova had seen a short-term dip versus the broader market, suggesting some volatility may still be present. Article Title

Wall Street Analysts Forecast Growth

Several research firms have recently commented on GEV. Jefferies Financial Group lowered their price objective on shares of GE Vernova from $1,350.00 to $1,210.00 and set a “buy” rating for the company in a research note on Thursday. Argus set a $1,300.00 target price on shares of GE Vernova in a report on Monday, April 27th. BNP Paribas Exane cut shares of GE Vernova from an “outperform” rating to a “neutral” rating and set a $1,190.00 target price on the stock. in a report on Monday, April 27th. TD Cowen raised their target price on shares of GE Vernova from $780.00 to $1,220.00 and gave the company a “buy” rating in a report on Thursday, April 23rd. Finally, BMO Capital Markets raised their target price on shares of GE Vernova from $1,110.00 to $1,250.00 and gave the company an “outperform” rating in a report on Thursday, April 23rd. Two analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $1,085.16.

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.