NovaPoint Capital LLC Sells 689 Shares of GE Vernova Inc. $GEV

NovaPoint Capital LLC cut its holdings in shares of GE Vernova Inc. (NYSE:GEV) by 11.3% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,397 shares of the company’s stock after selling 689 shares during the period. NovaPoint Capital LLC’s holdings in GE Vernova were worth $4,711,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. Gould Asset Management LLC CA grew its position in shares of GE Vernova by 5.8% during the 1st quarter. Gould Asset Management LLC CA now owns 346 shares of the company’s stock worth $302,000 after buying an additional 19 shares during the period. Main Street Group LTD acquired a new position in GE Vernova in the first quarter valued at approximately $125,000. Angeles Wealth Management LLC boosted its stake in GE Vernova by 7.5% in the first quarter. Angeles Wealth Management LLC now owns 3,384 shares of the company’s stock valued at $2,956,000 after acquiring an additional 236 shares during the last quarter. Clearstead Trust LLC boosted its stake in GE Vernova by 383.9% in the first quarter. Clearstead Trust LLC now owns 1,021 shares of the company’s stock valued at $891,000 after acquiring an additional 810 shares during the last quarter. Finally, Financiere des Professionnels Fonds d investissement inc. grew its holdings in GE Vernova by 688.7% during the 1st quarter. Financiere des Professionnels Fonds d investissement inc. now owns 8,179 shares of the company’s stock worth $7,139,000 after acquiring an additional 7,142 shares during the period.

Analysts Set New Price Targets

Several analysts have commented on GEV shares. Erste Group Bank upgraded shares of GE Vernova to a “strong-buy” rating in a research report on Tuesday, March 24th. Guggenheim lifted their price objective on GE Vernova from $910.00 to $1,300.00 and gave the stock a “buy” rating in a research note on Thursday, April 23rd. Argus set a $1,300.00 price objective on GE Vernova in a report on Monday, April 27th. BMO Capital Markets increased their target price on GE Vernova from $1,110.00 to $1,250.00 and gave the company an “outperform” rating in a research note on Thursday, April 23rd. Finally, Wall Street Zen upgraded GE Vernova from a “hold” rating to a “buy” rating in a report on Sunday, July 12th. Three 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. Based on data from MarketBeat, GE Vernova currently has an average rating of “Moderate Buy” and a consensus price target of $1,089.88.

GE Vernova Price Performance

Shares of GEV stock 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 firm has a market capitalization of $278.14 billion, a price-to-earnings ratio of 30.15, a price-to-earnings-growth ratio of 3.89 and a beta of 1.09. 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 firm has a fifty day moving average of $1,037.19 and a 200-day moving average of $907.82.

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 the consensus estimate of $1.95 by $15.49. GE Vernova had a return on equity of 43.97% and a net margin of 23.81%.The firm 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 company posted $0.91 earnings per share. The company’s revenue for the quarter was up 17.0% on a year-over-year basis. On average, equities research analysts forecast that GE Vernova Inc. will post 15.06 earnings per share for the current year.

GE Vernova Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 14th. Stockholders of record on Tuesday, June 16th were issued a dividend of $0.50 per share. 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 5.83%.

Insider Activity at GE Vernova

In other GE Vernova news, CEO Victor Abate sold 4,819 shares of GE Vernova 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 owned 1,835 shares of the company’s stock, valued at approximately $1,739,726.80. The trade was a 72.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Matthew Joseph Potvin sold 2,333 shares of the company’s stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $1,059.09, for a total transaction of $2,470,856.97. Following the completion of the transaction, the chief accounting officer owned 3,549 shares of the company’s stock, valued at $3,758,710.41. This trade represents 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 insiders.

Key Stories Impacting GE Vernova

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 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.